Accounts for bankrupts / IVA bank accounts

If you've been turned down for a bank account, we could have the solution: an account that everyone can apply for, the thinkmoney Personal Account. Whether you're an undischarged bankrupt or you're on an Individual Voluntary Arrangement (IVA), you can apply for an account with us today.

These days, most people need a bank account, but many people with a less-than-perfect credit history simply can't find a bank account - even a 'basic' one.

For someone who's trying to put their financial problems behind them, this can be a real problem. Without an account, everything from being paid and receiving benefits to paying the bills can be harder and more expensive.

That's why we created the thinkmoney Personal Account. A practical alternative to bank accounts that can help people who are looking for a bank account - but simply can't get one. Anyone can apply for our account:

  • Even if you're an undischarged bankrupt
  • Even if you're in an IVA (Individual Voluntary Arrangement)

It works like this. When your income comes into your account, our Money Managers make sure they set aside enough to cover all the bills you've told us about - including any IVA / bankruptcy payments you have to make. They'll also make sure those bills get paid on time, every time.

You can then spend the rest of your money without worrying about missing any of your payments or other bills.

As you can imagine, this can take a lot off your shoulders, giving you some real peace of mind at a difficult time - and helping you make sure your IVA / bankruptcy works the way it should.

For more information, check out how the account works.

An IVA bank account alternative

Whether you've completed an IVA in the past or you're in the middle of one right now, you could open an IVA account with us. What's more, our special budgeting service should make it easier for you to manage your finances, make your IVA payments - and bring your IVA to a successful conclusion.

Accounts during/after bankruptcy

It's also an account for bankrupts - meaning it's suitable for people going through bankruptcy today (as well as discharged bankrupts). Again, our budgeting service could really help you make the most of your finances and stay on top of your bills.

But the thinkmoney Personal Account isn't just a useful alternative for people looking for IVA bank accounts / bankrupt bank accounts. Anyone can apply for an account with us, whether they're struggling financially or just looking for some professional help with their budgeting.

Don't let insolvency hold you back

What we offer is a practical alternative to high street banks. It's so much more than a basic account.

Insolvency can affect people in many ways, but it's important you don't let it hold you back. You deserve access to the services and features that will help you manage your finances and get you back to where you want to be.

We're here to do whatever we can to help you do that, whether you're in the middle of your insolvency or moving on and focusing on putting it all behind you.

The help we provide is exactly what many people in your situation have been looking for: help overcoming the problems you've had in the past and help steering clear of problems in the future.

Top of page

Looking for an IVA / bankrupt
bank account?
  • Try the alternative with no credit check
  • People in IVAs / bankruptcy can apply
  • Can protect / 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.

Calls may be recorded for training and quality purposes. Calls to 0800 numbers from BT landlines are usually free, but you should check with your network provider for full details of your service.

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.