Open a current account with no credit check

Download our app to start. £10 monthly fee

Open a current account with no credit check

Download our app to start. £10 monthly fee

There's no need to worry about your credit history when you apply for a thinkmoney Current Account. For £10 a month, you’ll get all the things you need from a bank account, plus help managing your money.

We don’t run credit checks

73% of credit scores improved*

Everybody’s welcome

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

Is a thinkmoney Current Account right for you?

You don’t have to pass a credit check to get an account with us.

So, we can help if:

  • You’ve had problems getting other accounts
  • You’re going through an IVA, debt management plan or bankruptcy
  • You’re looking to build your credit score

You need to live in the UK and be over 18 to apply, but that’s all. Whatever your circumstances, you’re welcome here.

Download our app to start. £10 monthly fee

What is a no credit check bank account?

Bank accounts which you can get without a credit check are sometimes called basic bank accounts. Basic accounts let you pay in income, set up direct debits and withdraw cash, but they don’t usually come with overdrafts or other perks.

These accounts are ideal if you’ve got a limited credit history, bad credit, or you’ve just arrived in the UK.

How is the thinkmoney Current Account different to a basic bank account?

  • Money for bills is kept separate to help you pay them on time
  • You’ll know exactly how much you can afford to spend each month
  • No fees if we are refusing a payment due to lack of funds (such as if a Direct Debit bounces)
  • Get help to improve your credit score
  • Bank when it suits you with the thinkmoney app
  • Access to our loan marketplace in the app
  • £10 monthly fee

Download our app to start. £10 monthly fee

What do I get for the monthly account fee?

The thinkmoney Current Account costs £10 a month. But unlike some other account providers, we don’t charge anything extra for late payments and you can’t go overdrawn.

And while we’re budgeting for your bills, you shouldn’t get any late payment fees from your suppliers either.

How can the thinkmoney Current Account build my credit rating?

The thinkmoney Current Account budgets for your bills to help you pay them on time. Paying bills on time shows that you’re responsible with money, which could improve your credit score.

A good credit score helps you get better deals on all sorts of financial products - everything from credit cards and mortgages to phone contracts and insurance.

How can the thinkmoney Current Account build my credit rating?

The thinkmoney Current Account budgets for your bills to help you pay them on time. Paying bills on time shows that you’re responsible with money, which could improve your credit score.

A good credit score helps you get better deals on all sorts of financial products - everything from credit cards and mortgages to phone contracts and insurance.

No-stress budgeting: how it works

Your money is automatically split between your bills account and your card depending on what regular payments you’ve got coming up.

Here’s how it works:

Bills account

  • Pay in wages, benefits, pensions and any other incomes
  • Money for bills, loan repayments and mortgage payments is held

Debit card

  • Money which you don’t need for payments is moved to your card
  • Use it to withdraw cash and spend in shops or online

Your bills get paid out of the money kept aside in your bills account, and whatever’s left over is yours to spend how you want.

Download our app to start. £10 monthly fee

Banking that fits around you

Queuing in branches and inconvenient opening times aren’t our thing either. The thinkmoney app is here to help you manage money well, even when life gets in the way.

  • Check your balance and transactions from anywhere
  • See a forecast of how your account will look in three months’ time
  • Tell us about changes to your income and bills to keep your budgeting accurate
  • Check when all your payments are due
  • Send money to friends and family instantly

Banking that fits around you

Queuing in branches and inconvenient opening times aren’t our thing either. The thinkmoney app is here to help you manage money well, even when life gets in the way.

  • Check your balance and transactions from anywhere
  • See a forecast of how your account will look in three months’ time
  • Tell us about changes to your income and bills to keep your budgeting accurate
  • Check when all your payments are due
  • Send money to friends and family instantly

Help opening a thinkmoney Current Account

How long will it take to approve my application?

Most applications get approved within minutes (slightly longer if we need to check your ID).

What ID do I need to open my account?

Have your passport or driving licence ready in case we ask to see it. We can also accept other types of ID.

Can I open an account if I’ve just arrived in the UK?

If you’re able to provide proof of ID and address you can open an account with us, even if you’ve just arrived in the UK.

More Information