Can I get a basic bank account for bankrupts?

If you've been made bankrupt in the past, finding a bank account isn't always easy. This is because most account providers run a credit check when you apply.

Many account providers will even turn you down for a basic bank account if they know you've gone bankrupt. Thankfully, there are alternatives available that don't need a credit check - such as the thinkmoney Current Account.

You can apply for a thinkmoney Current Account here - or read on to learn more about how it works.

Why having a bank account is important

It's hard to get by in today's society without a bank account or a suitable alternative. It's not just somewhere to keep your money secure - it's a convenient way of paying bills, buying items in shops and receiving your income each month.

A lot of employers can only pay a salary into an account - so if you don't have one, you could actually be limiting your job opportunities.

A bank account can also make your bills cheaper - as many energy providers, for example, offer a discount to people who pay by direct debit.

And not having an account also means you have to pay for everything in cash - which can be very awkward when buying expensive items, such as a laptop or a cooker.

How the thinkmoney Current Account can help

The thinkmoney Current Account is a genuine alternative to a bank account for bankrupts. It's available to anyone based in the UK over the age of 18 - regardless of credit history.

So if you've been made bankrupt in the past, or even if you're going through bankruptcy now, you could still get an account with thinkmoney.

The account could be ideal if you struggle to manage your finances. At the start of the month, we automatically put aside the money you tell us you need for your bills. Any money left over is placed in your card account, so you can spend it however you like.


Not only that, but you'll also benefit from the help of your own Money Manager, who's there to help you budget and take care of any other concerns you have regarding your finances.

And you'll never be charged for missed payments or going overdrawn - all you'll pay is a straightforward monthly fee. The thinkmoney Current Account is available for £10 a month (or £15 for a joint account).

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