Refused a bank account? Let’s change that

Download our app to start. £10 monthly fee

Refused a bank account? Let’s change that

Download our app to start. £10 monthly fee

Bank with us if you've been refused a bank account

If you’re over 18 and you live in the UK for at least six months a year, you can bank with us - even if you’ve had a bank account application declined before.

Your credit history won’t stop you from getting an account

73% of customers improved their credit score with us*

Get your bills sorted every month

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

Less sinking feeling in your stomach. More fist bumps.

You know the feeling of relief when all your bills get paid? We can help with that.

The thinkmoney Current Account splits your money into what you need for bills and what’s left to spend. That way, the important stuff is covered every month and you’ve got one less thing to worry about.

You pay in your income

Money gets put aside for bills

The rest is yours to spend

Download our app to start. £10 monthly fee

Since paying bills on time makes you look reliable and trustworthy, your credit score could go up, so you’re less likely to get declined the next time you apply for something.

As well as help to sort out your finances, you get:

  • Banking to suit you, wherever you are with the thinkmoney app
  • A contactless debit card
  • No unexpected charges if we refuse a payment due to lack of funds
  • 11,000 + Post Offices to pay in cash and cheques

Download our app to start. £10 monthly fee

Why have I been refused a bank account?

Each account provider has a set of criteria they use to assess your application. If you’ve had a bank account application declined, one of these things could be responsible:

Your credit history: You can’t get a bank account with some providers if you’ve missed payments or you’ve had debt in the past. At thinkmoney, you can open an account whatever your credit history.

Your income: Look out for accounts which have a ‘minimum monthly pay in’. If your monthly income is less than that amount, you could be refused a bank account.

Your financial history: It doesn’t matter if you haven’t got the best financial track record. You can still get a thinkmoney Current Account, even if you’re bankrupt or have an IVA.

Let’s solve your problems opening accounts

Right now you’re thinking ‘Great, I know why I got refused a bank account, but I can’t fix my credit score overnight’. Which is true, but you can get an account to help you.

  • No credit checks when you open an account
  • Stress-free budgeting (no maths skills needed)
  • Rebuild your credit rating

Download our app to start. £10 monthly fee

Your current account in your pocket

Don't be in the dark about your money. Download the thinkmoney app for iOS and Android and take your current account with you wherever you go.

Your current account in your pocket

Don't be in the dark about your money. Download the thinkmoney app for iOS and Android and take your current account with you wherever you go.

Help if you’ve had a bank application declined

Will I be accepted?

We’ll accept you if you’re over 18, you live in the UK for at least 6 months a year, and you’ve not committed fraud. When you apply we’ll run some checks to ensure you are who you say you are, and if everything matches up you’ll be accepted.

What ID do I need?

At the end of the form, we’ll let you know what ID you need. Usually a UK driving licence or passport will do, but we can also accept utility bills, HMRC letters and more. Find out more about the ID we accept.

Will this help to build my credit?

The thinkmoney Current Account could build your credit because it helps you pay bills on time. Most suppliers will let credit reference agencies know if you’re paying bills on time or late. Paying bills on time can improve your credit score, and missing bills could harm it.

More Information