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Bad credit won’t hold you back

If you have bad credit or a CCJ, bank account options are still available to you. We’re not interested in your credit history at thinkmoney, so you could open a Current Account with us if you’ve been turned away elsewhere.

Here's how we can help:

  • No credit checks

    We don’t run credit checks. As long as you’re over 18 and you live in the UK, you can open a thinkmoney Current Account.

  • Boost your credit rating

    Your credit rating takes a big hit when you get a CCJ. So choose the CCJ bank account which helps rebuild your credit score. The thinkmoney Current Account helps you pay your bills on time every month, and paying your bills looks great on your credit report.

  • No overdraft fees or unexpected charges

    We won’t charge you for cash withdrawals in pounds in the UK, or if we are refusing a payment due to lack of funds.

  • Don’t worry about having a CCJ – you can still open a bank account with us

    We won’t turn you down if you have a CCJ, bad credit or you’re going through bankruptcy, unlike some banks.

We take the hassle out of switching

For a simple and stress-free switch to thinkmoney, use the Current Account Switch Service.

Take your payments with you

You don’t have to update your details for each of your payments. We’ll move your regular incoming and outgoing payments to your new account and close your old account for you.

Payment made to your old account? No worries

When you open a Current Account with us, we’ll transfer your balance and redirect payments made to your old account to your new account for at least 36 months.

Any problems? We’ll cover the costs

Under the Current Account Switch Guarantee, we’ll refund any interest and charges if something goes wrong with your move to thinkmoney.

Build your credit rating

It can be daunting to receive a CCJ if you’ve been struggling with your debts. Particularly as a CCJ will stay on your credit report for six years.

Having a CCJ on your credit report can damage your credit rating and make it difficult for you to borrow money in the future. You might also struggle to open a bank account as traditional accounts will usually credit check you.

You don’t have to worry about that with a thinkmoney Current Account. We don’t run credit checks, so you can open an account if you’ve got a CCJ or bad credit.

Plus, we’re here to help you get your finances back on track. We’ll keep money for your bills and repayments separate and make sure you pay them on time, which could improve your credit rating.

And if you need any help our Money Managers are just a phone call away. There’s no unexpected charges from us either so you’ll always know what’s coming up in your budget.

A Current Account built around you

With a thinkmoney Current Account, you can:
  • Know exactly what’s yours to spend after we set aside the money for your bills.
  • Get your credit rating back on track as we’ll help you to never miss a bill.
  • Check your balance, set up Direct Debits and use Faster Payments for sending money within the UK online.
  • Receive budgeting help from our UK-based Money Managers.

To get started, you need to be:

  • Aged 18 or over
  • A UK resident
 Single Account
£10 per month
 Joint Account
£15 per month


We've been awarded 4 stars by the Fairbanking Foundation.

You can get a thinkmoney Current Account if you’re over 18 and a UK resident – it’s as simple as that. It doesn’t matter if you’ve had bad credit in the past or you have no credit history as we don’t carry out a credit check when you apply for your account. All we need to do is verify that you are who you say you are and you can open an account online.

The Financial Conduct Authority requires us to publish information about our personal current accounts. For more information about this click here.

These documents inform you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts. Fees may also apply for using services linked to the account which are not listed here. Full information is available in our terms and conditions. A glossary of the terms used in this document is available free of charge.

For information about accounts opened before 7th November click here.

For information about accounts opened after 7th November click here.

We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

  • The service is free to use and you can choose and agree your switch date with us.
  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
  • If you have money in your old account, we will transfer it to your new account on your switch date.
  • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
  • If there are any issues in making the switch, we will contact you before your switch date.
  • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

For more information

The money you hold in your thinkmoney Current Account is not protected under the Financial Services Compensation Scheme (FSCS). As thinkmoney is authorised and regulated by the FCA as an e-Money Institution, your money is protected and, unlike the FSCS, this protection is not limited to a certain amount. This means that your money is held separately and securely and, if something were to happen to thinkmoney, you would always receive it back.

Yes, there is an option in the online form to open a joint account. Joint accounts cost £15 per month.

Think Money Limited has partnered with (UK) to provide and support a dedicated interface for Third Party Providers offering AISP, PISP and CBPII services.

TokenOS is the operating system for open banking that allows banks, merchants, enterprises and individuals to interact in a global marketplace of financial services.

If you are a Third Party Provider offering AISP, PISP and CBPII services, please use the link below to access the Integration Guide for information on how to register as a member to access information or make payment requests using the Think Money dedicated interface.

Token TPP Interface Website

For more information on how we will use your personal information when you have an account with us, you can read our 'How we use your personal information' leaflet. For more detailed information you can also read our Privacy Policy.

Accounts opened after 7th November 2018

Accounts opened before 7th November 2018

Legal Information