Opening An Account

We’ll tell you everything you need to know about opening a thinkmoney Personal Account. Whether you want to find out how to apply, or see whether you’re eligible to open an account, you’re in the right place.

What ID do I need to open a thinkmoney Personal account?

For your security, when you apply for an account, we need to confirm your identity and address. We can usually do this through online checks. We'll just ask for a few details, like your name, address, date of birth and nat…

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

If you’re a UK resident, over 18 and are able to provide proof of identity and address, you can apply for an account. If you meet this criteria, you can apply online now – it’s really quick and easy. Apply h…

Can I apply for an account if I’ve bad credit?

If you’re a UK resident, over 18 and are able to provide proof of identity and address, you can apply for an account. Applying is really quick and easy, and you can do it online. Apply now.

Can I apply for an account if I’m self-employed?

Yes, you can apply if you’re self-employed, are a UK resident, over 18 and can provide proof of your identity and address. You'll need a regular income to be paid into the account. Applying is really quick and easy and …

Can I apply for a business account?

Unfortunately we don’t offer business accounts. You can find out more about the thinkmoney Personal Account here.   

Can I apply for an account if I’ve been made bankrupt?

If you’re a UK resident, over 18 and are able to provide proof of identity and address, you can apply for an account. Applying is really quick and easy, and you can do it online. Apply here today.

Can I apply for an account if I’m on a Debt Management Plan?

If you’re a UK resident, over 18 and are able to provide proof of identity and address, you can apply for an account. Applying is really quick and easy, and you can do it online. Apply here today.

Can I apply for an account if I’m on an IVA?

If you’re a UK resident, over 18 and are able to provide proof of identity and address, you can apply for an account. Applying is really quick and easy, and you can do it online. Apply here today.

How do I apply for a thinkmoney Personal Account?

Applying for the thinkmoney account is really quick and easy. You can do it online, just follow the link below.  Apply here Or, give us a call on 0161 672 8910 and we’ll go through the application with …

How long will it take to approve my application?

If we can approve your application with the details you give us, we’ll be able to get it up and running immediately. However, we may need you to send us some ID to prove your identity and address, so it’ll tak…

How do I switch to thinkmoney?

Your first step is to apply, which you can do here. Once you're accepted, we'll send you all the details you need about how to switch your incomes and everything else over to us. We’re not currently part of the 7-Day Sw…

When is my fee taken?

The first fee is taken from your account one month from the date of your welcome letter. This is the letter where we notify you that your Personal Account has been opened and give you your account number and sort code…

What does the fee include?

The thinkmoney Personal Account is a managed account, so your monthly fee will cover the day-to-day running and management of your account, and the provision of our services to you, including: Our unique budgeting service –…

Is there a joint thinkmoney account?

Yes, we offer a Joint Account, which comes with all the same great features of the individual account. Plus, you’ll get a prepaid Debit Mastercard® each. Are we eligible? To apply for a Joint Account you simply need…

Are you a bank?

No, we're not a bank, we’re an Authorised Electronic Money Institution, authorised and regulated by the FCA. We’re permitted to process payments and provide the account service to you. The main difference is, that…

What are the thinkmoney Personal Account fees?

You'll pay a monthly management fee of £17.50 for a single account, or £24.50 for a joint account, to cover the cost of running your account.    There are a few other fees you may encounter, here's a ful…

Paper based switching service

thinkmoney offer a paper based switching service. There are two types of switching that you can choose from: Full switch – with a full switch we will contact the companies to let them know your new account details for al…

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