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Bad credit won’t hold you back

No credit check

We don’t run credit checks. You can apply for an account if you’re 18 and a UK resident.

Help you boost your credit rating

We help you to never miss a bill, which could improve your credit rating – meaning you get better deals if you borrow money in the future.

No overdraft fees or unexpected charges

Unlike traditional accounts, we won’t charge you for cash withdrawals, late payments or bounced Direct Debits.

Don’t worry about a CCJ - we won’t credit check you

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

A Current Account built around you

With a thinkmoney Current Account, you’ll be able to:

  • Know exactly what’s yours to spend after we set aside the money for your bills.
  • Check your balance, set up Direct Debits and transfer money online.
  • Get your credit rating back on track as we’ll help you to never miss a bill.
  • Receive budgeting help from our UK based Money Managers.

To get started, you need to be:

  • aged 18 or over
  • a UK resident


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

We take the hassle out of switching

The Current Account Switch Service makes switching to us easy, simple and stress-free.

  • Take your payments with you

    No need to update your details for each of your payments. We’ll move all your regular incoming and outgoing payments to your new account for you and close your old account.

  • Payment made to your old account? No worries

    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 switch.

Find out more about switching your account

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 remain 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’ll also help to make sure you pay your bills on time each month, which could help to build your credit rating. Plus, our Money Managers will be on hand to answer any questions you have.

There’s no unexpected charges from us either so you’ll always know what’s coming up in your budget.

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.

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

You can apply for the credit facility three months after you’ve paid your first income into your thinkmoney Current Account. This means you could access a credit facility up to £400. We’ll need to carry out some affordability checks and then you’ll be able to apply for and access the credit facility through Online Account Management, subject to eligibility.

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 £24.50 per month.

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.

If you opened your Account, or are looking to open an account on or after 1st August 2018 the following terms and conditions will apply:

If your Account was opened before 1st August 2018 the following terms and conditions will apply:

From 1st October, some small changes will be made to these terms and conditions to allow us to adopt the changes in terminology regarding the linked services offered by payment account providers. You will be able to find a glossary of this new terminology in clause 16 of the general terms, in the terms and conditions set out below.

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