An alternative to a bad credit bank account

Do you have bad credit? If your financial past means you're missing out on vital services like Direct Debits and access to cash machines, our account could be exactly what you're looking for. It's an alternative to a bad credit bank account, and it also provides extra services you might think aren't available to people in your situation.

An account for bad credit

If you've had problems with your finances in the past, there's a possibility you'll have a bad credit history. The reasons might be complicated, but all too often the result is depressingly simple. You can't get the financial services you need, whether it's a loan, a mortgage - or a bank account.

At thinkmoney, we like to do things differently. We're not a bank: we're committed to providing accounts to everyone who needs one, whatever their financial background. You'll just need to pass some initial ID checks and complete and return the signed application form.

So anyone can apply for our bad credit account - even with a history of:

  • CCJs (County Court Judgments)
  • Bankruptcy
  • IVAs (Individual Voluntary Arrangements)
  • Mortgage / rent arrears
  • Poor credit ratings

In fact, even undischarged bankrupts can apply for our account - and if you're in that situation, you'll know what a relief that is.

More than 'just' a bad credit account

We're not the only ones providing accounts to people with poor credit histories, but we offer a lot more than you might have thought possible.

As a thinkmoney customer, you'll have access to our professional Money Managers - financial experts who are there to help you manage your money, leaving you free to spend your disposable cash as you like without running the risk of leaving essential bills unpaid.

It works like this:

  1. When your money arrives, it goes into your Salaries Account.
  2. A Money Manager will make sure enough stays in there to pay for all the essential bills you've told us about: your mortgage/rent, utility bills, etc.
  3. The rest goes into your Card Account - the one that's there for your spending money: shopping, food, treats, etc.

In other words, you'll know anything in your Card Account is there to spend on the things you want.

That means:

  • No charges for rejected payments.
  • No need to worry about missing payments
  • No need to worry about spending cash you need for your essential expenses.

Once you've told us about all your bills, you should never miss another one - as long as there's enough money going into your account in the first place, of course!

Poor credit - excellent service

With a thinkmoney Personal Account, you can expect excellent service. We've thought of everything you should need to get the most from your account, 24 hours a day, 365 days a year:

  • A thinkmoney Prepaid Debit MasterCard® you can use to pay or get cashback in stores and restaurants, and withdraw cash from cash machines all over the world, where you see the MasterCard Acceptance Mark. Up to £450 per day per person.
  • A text service providing convenient balance updates.
  • An automated phone service which can provide balance updates and details of the last 8 transactions on both accounts.
  • An online account management service, so you can:
    • Check your balance
    • View recent transactions
    • Make one-off payments
    • Order paying-in books
    • View your regular income
    • View your standing orders/Direct Debits
    • Report lost or stolen cards

Get an account with us!

Nobody likes being rejected when they apply for an account. And nobody likes being hit with unexpected charges.

The way we work is different.

  1. We won't reject your application because you have bad credit. We can open your account as soon as we've confirmed your identity.
  2. We're not a bank - we don't invest your money in stocks and shares.
  3. We make sure it goes where it's needed. Our expert Money Managers are there to get every bill you've told us about paid on time, so you know exactly what you can safely spend.
  4. We're completely honest about how you pay for our service: no unexpected fees for missed or bouncing payments, or for making 'too many' transactions.

Top of page

Looking for a bad credit
bank account?
  • An alternative to bad credit bank accounts
  • Anyone can apply
  • It can help you improve your credit rating

Apply for your account today

Answer a few simple questions to get your thinkmoney Personal Account application started.

Choose your account

Tell us your details

Your privacy is important to us. All correspondence is held in the strictest confidence.

Monthly management fee payable. Only available to UK residents aged 18 or over for personal use. Proof of identity will be required. The thinkmoney Personal Account is an account held with a leading high street bank but managed and provided by Think Money Limited. Telephone calls may be recorded for training and monitoring purposes. Calls to 0800 numbers from BT landlines are usually free. Calls from other networks may vary, check with your network provider for full details of your service. Using SMS and online account management services will incur no additional charge. Your service provider's normal rates still apply.

Think Money Limited © 2014 is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (register reference 900033) for the issuing of electronic money and the provision of payment services.

MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. The Card is issued by Wirecard Card Solutions Ltd ("WDCS") pursuant to licence by MasterCard International Inc. WDCS is authorised and regulated by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051).

Think Money Limited. Registered Office: Think Park, Mosley Road, Trafford Park, Manchester, M17 1FQ. Co Reg No. 5530040. Registered in England and Wales.

All About Money Limited © 2014. Registered Office: Think Park, Mosley Road, Trafford Park, Manchester, M17 1FQ. Co Reg No. 4926097. Registered in England and Wales. Authorised and regulated by the Financial Conduct Authority in respect of consumer-credit related activities and is an appointed representative of Think Insure Limited, FCA registration number 310071, and Think Loans and Mortgages Limited, FCA registration number 310069, both of which are authorised and regulated by the Financial Conduct Authority in respect of their insurance mediation and regulated mortgage activities. www.fsa.gov.uk/register/home.do. Regulated by the Claims Management Regulator in respect of regulated claims management activities.