Get a basic bank account that gives you more

Download our app to start. £10 monthly fee

Get a basic bank account that gives you more

Download our app to start. £10 monthly fee

If you’ve been struggling to open a current account and been turned down in the past, there are other options. The thinkmoney Current Account is an alternative to a basic bank account that could help improve your credit score.

We can help, whatever your financial situation

We think everyone should be able to get an account, even if you’ve got a colourful credit history. So there are no credit checks when you open an account with us.

But thinkmoney Current Accounts aren’t just available for people with bad credit. The account could work for you whether you’re struggling to improve your credit rating, or just want to get better at budgeting.

  • 73% of our customers improved their credit score*
  • No extra fees if your payment’s late
  • Bank when it suits you with the app

*Based on a sample of customers who held an account for 12 months and previously had limited credit history or substantial credit use

All the essentials you need, and a few helpful extras

We’ve made it simple by splitting your account into two parts. One bit for your bills, and one for the money on your debit card.

Add your income, and let us know about the payments you need to make every month.

We’ll keep the money to cover your bills to one side, so no need to worry about accidentally spending it!

Whatever’s left goes straight onto your debit card and is yours to spend however you like.

Download our app to start. £10 monthly fee

By paying your bills on time, you could see your credit score improve and look more reliable to lenders.

You get extra budgeting features as well as these essentials when you set up a current account through our app:

  • A contactless debit card
  • Set up Direct Debits and standing orders
  • Pay in cash and cheques at over 11,000 Post Offices
  • Manage your money using the app
  • No charges for withdrawing cash at UK ATMs

Download our app to start. £10 monthly fee

You’re in control

Use the app to keep track of your money, and to see how it’s being spent.

With the app you can:

  • Send money to your existing payees, or set up new ones.
  • See your balance and transaction details in real-time, so you’re always up to date
  • Check what’s being held to pay your bills and when they’re due.
  • See what you’ll be paying out up to 3 months in advance.
  • Lock your card straight away if you lose it, and unlock it with ease if you find it.

You’re in control

Use the app to keep track of your money, and to see how it’s being spent.

With the app you can:

  • Send money to your existing payees, or set up new ones.
  • See your balance and transaction details in real-time, so you’re always up to date
  • Check what’s being held to pay your bills and when they’re due.
  • See what you’ll be paying out up to 3 months in advance.
  • Lock your card straight away if you lose it, and unlock it with ease if you find it.

What is a basic bank account?

Basic bank accounts give you a place to put your money and pay your bills, without the stress of being able to go into an overdraft.

They are designed to help people with bad credit who might struggle to open a standard bank account. You get a debit card with some accounts, but not all.

There are lots of different accounts out there, so it’s important you find the one that’s right for you. If you’re looking for a basic bank account, you might want to take a look at a thinkmoney Current Account instead.

What do you need to open a basic bank account?

Usually when you’re opening a basic bank account, you’ll be asked to provide a form of ID to prove who you are, and proof of your address.

You can open a thinkmoney Current Account if you’re 18 or over and you live in the UK for at least 6 months of the year. That’s all we need!

Don’t worry if you’ve got bad credit - all that stuff doesn’t matter to us.

Download our app to start. £10 monthly fee

Can you be refused a basic bank account?

The only people who can’t get a basic bank account are those who have criminal convictions for fraud. Even if you have a previous conviction for something else, you could still be accepted.

At thinkmoney, we don’t judge you on your financial past. That’s why we don’t do any credit checks when you apply for an account with us.

Can I get interest on my account?

It’s important when you’re shopping around for a basic bank account that you consider all your options before you decide on the one that fits you best.

You can’t get any interest with a thinkmoney Current Account, but there’s so many other features that you can use to get your finances on track.

There are no charges for missed payments, saving you money on bank charges. You get peace of mind knowing that money for your regular payments is put to one side, and that you won’t be able to accidentally spend what you need for bills.

Stay in control of your money with the thinkmoney banking app

Not on your phone? We'll text you a link.

Enter a UK mobile number and we'll send you a text message with a link to download and install the thinkmoney app.

Find out more about our mobile apps on the App Store or Google Play:

More Information

We use necessary cookies and similar technologies to make our website work, as well as optional cookies to improve your experience through analytics, and also for marketing on this and other sites or platforms. You can read more or update your preferences any time by visiting our cookie policy and privacy policy.