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Our account helps you to stay in control

  • Help boost your credit rating

    If you need a basic bank account and you have bad credit, the thinkmoney Current Account could be right for you. The account helps rebuild your credit rating by ensuring you pay your bills on time every month.

    And a better credit rating means better deals if you borrow money in the future.

  • No unexpected fees or charges

    We won't charge you for cash withdrawals in pounds in the UK or for bounced Direct Debits when you choose us as your basic current account, so you won't get any nasty surprises from us.

  • Control your day-to-day spending

    We set aside the money you need for your bills, and the rest goes on your debit card, so you know exactly what’s yours to spend.

  • Money Managers to help you budget

    Our team of UK based Money Managers will help you budget for your monthly bills and answer all your questions about your account.

    And if you need help choosing the best basic bank account for you, or you’re unsure how to apply for a current account with us, we’re only a phone call away.

A current account with access to credit

If you're looking for a basic bank account, apply online for a current account with us and get access to a range of services.

Current Account Plus

Up to £400 credit facility

Upgrade to Current Account Plus and get access to a credit facility up to £400.

Once you've opened a thinkmoney account, you can apply to borrow money from us 3 months after you've paid your first income into your account.

1077.4% APR Representative.

Visit to find out more about our Current Account Plus

Flexi Loan

Flexi Loan from £500 to £1,500

Borrow for 6 to 12 months and repay in monthly instalments.

Once you've opened a thinkmoney account, you can apply to borrow money from us 3 months after you’ve paid your first income into your account.

140% APR Representative.

Visit to find out more about our Flexi Loan

Think Money Limited and Ideal Finance Limited are both part of Think Money Group. When you apply to take out the loan, we thinkmoney are the credit broker, Ideal Finance Limited is the lender, and they pay us for our service.

We've built an account to work around you

Control your account online, 24/7

Stay on top of your cash with our iPhone and Android app, or log into Online Account Management to check your finances.

Pay in at 11,000+ Post Offices®

We’ve teamed up with the Post Office, so you can pay in cash and cheques at any branch.

Mastercard® Debit Card

If you see the Mastercard® logo, you can use your thinkmoney Prepaid Debit Mastercard®. And that’s anywhere in the world!

We make switching easy

The Current Account Switch Service makes switching to thinkmoney simple and stress-free.

  • Move your payments

    No need to update your details for each of your existing payments. We’ll move your regular incomes and Direct Debits to your new account for you. We’ll also close your old account.

  • Payments made to your old account? No worries

    Once you’ve signed up for a current account online 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 switch.

Find out more about switching your account

Open your account

The thinkmoney Current Account costs £10 a month or £15 a month for joint accounts.
  • No hidden fees or unexpected charges
  • No charge from us at UK ATMs
  • You can apply for credit 3 months after your income is paid in

To apply for a bank account, 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

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 £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