Open a Current Account Online with Bad Credit Today
Manage your money online with the thinkmoney Current Account.
When you open a basic bank account with us, you just pay a clear, simple monthly fee of £17.50 (Joint accounts £24.50).
Open a basic bank account with access to credit
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 for the credit facility 3 months after you've paid your first income into your account.
1077.4% APR Representative.
Flexi Loan from £500 to £1,500
Borrow for 6 to 12 months and repay in monthly instalments.
If you open a basic bank account online with thinkmoney, you could apply to borrow money from us 3 months after you've paid your first income into your account.
140% APR Representative.
We make the switch easy
The Current Account Switch Service makes moving to us simple and stress-free.
Bring your payments with you
No need to update your details for each of your payments. We take care of moving all your regular incoming and outgoing payments to your new account. We also close your old account for you.
Payment made to your old account? No worries
We’ll transfer your balance and redirect payments made to your old account to your new one 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.
Our account helps you to stay in control
No credit checks
If you have a poor credit history, we can help. We don’t run credit checks to open an account, and you can open a basic bank account online with bad credit.
Help boost your credit rating
Our account helps you to never miss a bill, which could improve your credit rating. A better credit rating means better deals if you borrow money in the future.
Control your day-to-day spending
We set aside the money you need for your bills, and the rest goes on your debit card, meaning you know exactly what’s yours to spend.
Money Managers to help you budget
Our UK-based Money Managers help you budget for your monthly bills and answer any questions you have.
No unexpected fees or charges
We won't charge you for cash withdrawals in pounds in the UK or for bounced Direct Debits, so you won't get any nasty surprises from us.
Control your account online
iPhone and Android app
Stay in control of your money 24/7 from our mobile app. Use it to check your balance and transactions whevrever you go - it's fast, easy and secure.
Online Account Management
You can check your balances and transactions through Online Account Management. Plus, you can make faster payments on the go.
Open your basic bank account online
The thinkmoney Current Account costs £17.50 a month or £24.50 a month for joint accounts.
- No hidden fees or unexpected charges
- No charge from us at UK ATMs
- Apply for credit 3 months after your first income is paid in
To get started, you need to be:
- aged 18 or over
- a UK resident
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.
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 read more at www.currentaccountswitch.co.uk
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.