Open a current account with a prepaid debit card

Download our app to start. £10 monthly fee

Open a current account with a prepaid debit card

Download our app to start. £10 monthly fee

The thinkmoney Current Account comes with a prepaid debit card to help you manage your spending.

Help budgeting for your bills

Spend within your means

No charges for late payments

What is a prepaid card?

Prepaid cards work a lot like pay-as-you-go mobile phones. You add money, use it, and then once the money has run out, you add more.

They can help you keep to a budget because you can’t spend more money than you’ve loaded onto the card.

The difference with the thinkmoney prepaid debit card is that you don’t need to keep topping it up. We’ll load it automatically with the money left after all your bills are budgeted for.

How a prepaid debit card helps you stay on top of your finances

The thinkmoney Current Account simplifies budgeting and helps you pay your bills on time.

Your money is automatically split into what you need for bills and what you can afford to spend.

Money for your bills stays in your ‘Bills account’ and the rest is moved to your prepaid debit card.

You can then use your card in shops, cash machines and online, just like any other debit card.

Download our app to start. £10 monthly fee

What’s the difference between a prepaid debit card and other cards?

You’re probably more used to seeing the Mastercard logo on the front of a credit card.

This table shows you the differences between credit cards, debit cards and the prepaid debit Mastercard which comes with your account.

Featurethinkmoney prepaid cardStandard debit cardCredit card
Accepted where you see the Mastercard acceptance markYesYesYes
Card payments in shops, online and over the phoneYesYesYes
Cash withdrawals in pounds in the UKYesYesYes (credit card providers usually charge fees)
Spending limited to the card balanceYesNo - you can spend the full account balance, and sometimes go overdrawnNo - credit card spending is a type of borrowing
Purchases protected by the Chargeback schemeYesYesYes
Use it abroadYes (with a 2% transaction fee)Yes (fees vary between providers)Yes (fees vary between providers)
Borrow money with itNoYes (if you have an overdraft)Yes

Your thinkmoney prepaid debit card works just like any other debit card. The only difference is you can’t spend more than the balance on your card.

Benefits of the thinkmoney prepaid Debit Mastercard

Online fraud protection

Your thinkmoney prepaid Debit Mastercard is protected by Mastercard Identity Check. So when you shop online, we’ll take steps to make sure it’s really you.

Withdraw up to £450 a day

From cash machines showing the Mastercard Acceptance Mark. Pop into your local Post Office if you need to withdraw more.

Accepted around the world

Your prepaid card is a simple way to pay in shops and restaurants around the world. Just look for the Mastercard Acceptance Mark.

Download our app to start. £10 monthly fee

What do I get with the thinkmoney Current Account?

No unexpected fees or charges

Pay a £10 monthly fee for us to run the account and help you budget. No fees to make a cash withdrawal in pounds in the UK, no fees for late payments, no surprises.

Help to boost your credit rating

Three out of four customers improved their credit score by setting up Direct Debits to pay their bills and letting the account help them budget.

Convenient on-the-go banking

Check your balance, keep an eye on your spending and see when your bills are due for the next three months - all with a few taps on the thinkmoney app.

Download our app to start. £10 monthly fee

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:

Help with your thinkmoney card

How do I activate my card?

Log into the app to activate your card when it arrives. You need to activate it before you use it.

Read More >

Can I use my card abroad?

Tell us if you’re taking your card on holiday so that we know it’s you using your card.

Read more >

Can I make contactless payments?

Your thinkmoney card is contactless enabled to make paying for things quick and easy.

Read more >

More Information

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