What to do if you need a bank account fast

Download our app to start. £10 monthly fee

What to do if you need a bank account fast

Download our app to start. £10 monthly fee

Open a thinkmoney Current Account in a few minutes, even if you’ve just moved to the UK.

Get help budgeting for bills

Build up your credit rating

Open to all credit histories

What should I do if I need a bank account now?

Open a thinkmoney Current Account now and if we can verify your identity online it could be ready to use by the time you’ve made a cuppa.

  • Press ‘Open an account’ to start your application in our app
  • If we need to see ID we’ll tell you at the end of the form
  • You’ll get your card in 3-5 days

Check what ID we accept before you start so you’re ready to submit it straight away.

Download our app to start. £10 monthly fee

Why do I need a bank account?

Work and benefits

You need a UK bank account to receive certain benefits, and some employers will only pay wages directly into your account.

Paying bills

Use Direct Debits or standing orders to pay your bills, rent and mortgage straight from your current account.


Your money is protected, and if your card gets lost or stolen you can block it before anyone can use it.

Keep track of your money

Use the app and online banking to see exactly how much money you have and where your money is going.

What should I look for in a bank account?

Affordable fees

Some accounts charge fees if you miss Direct Debits or go overdrawn. We think it’s fairer to charge one monthly fee instead. And you can’t go overdrawn.

No credit checks

Having lots of credit checks on your credit report can make you look risky to lenders. We don’t run credit checks when you open an account with us.

Help managing money

Look for features which take the stress out of money. Bank with us and we’ll put aside the money you need for bills so you can’t accidentally spend it.

Convenient mobile banking

You’ve not got time to queue in a branch or wait to speak to someone. You need your account to keep up with you. Our app and online banking do just that.

Great service

You want to know that your account provider will be there for you when you need it. Our 4 star Trustpilot rating is proof that we’ll look after you and your money.

Download our app to start. £10 monthly fee

Are extra features worth it?

Some providers offer cashback, others offer interest, and some add on insurance. So it’s no wonder comparing bank accounts gets confusing. Use these tips to decide what’s best for you.

  • Think about what you need - If you’re tempted by accounts with mobile phone insurance, breakdown cover or travel insurance, you need to consider whether that cover is right for you.

  • Look at where your money goes - If your utility bills are high, an account offering cashback on bills could save you money. But it might not be good value if you use your account mainly for card purchases.

  • Weigh up offers against fees - Incentives like high interest rates or cash rewards might be tempting, but make sure to check what fees you’ll be paying too.

How do I get an account if I’ve just arrived in the UK?

Affordable fees

Getting a UK bank account opens up job opportunities, places to live and much more. But opening an account when you first arrive in the UK is rarely that simple.

Why have I been turned down for a UK bank account?

Most providers will look at a combination of these things to confirm your identity when you open an account:

  • Your credit history
  • The electoral register
  • Proof of your ID and address (e.g. your passport, driving licence or bills)

When you first move to the UK, there might not be enough information from these sources to prove who you are and where you live. If that’s the case, you could get turned down for a bank account.

Opening a thinkmoney account if you’re new to the UK

You can bank with us if you’ve recently arrived in the UK, as long as you’re over 18 and you’ll live here for at least six months a year. All you need to do is have your ID and proof of address ready.

Download our app to start. £10 monthly fee

How can thinkmoney help if I need a bank account?

No credit checks

So you can open an account with a limited credit history.

Help budgeting for bills

Money for bills and spending money is held separately.

No surprise fees

If we are refusing a payment due to lack of funds.

And that’s on top of all the usual stuff you need from a current account: a contactless debit card, Direct Debits and standing orders, and a mobile app.

Download our app to start. £10 monthly fee

Help if you need a bank account

Is my money protected?

We’re authorised and regulated by the Financial Conduct Authority as an e-money institution. This means if something happened to us you’d always get your money back.

What should I do if I don’t have any of the documents you need?

You can get copies of documents which prove your ID and address by contacting the relevant authorities (for example, HMRC or the Department of Work and Pensions).

How long will it take to approve my application?

If we can verify your identity online, your account will be ready to use in a matter of minutes. It could take a few days if we need you to send us original ID documents.

More Information