Are you looking for a no credit check bank account

Anyone can run into financial problems from time to time. In certain situations, this can leave you unable to pay your bills, and that can damage your credit rating.

As a general rule of thumb, the worse your credit rating, the harder you'll find it to access financial products of all kinds, whether you're looking for a loan, a credit card - or a bank account.

So, if you have defaults, CCJs, arrears, bankruptcy or any other kind of 'negative entries' in your credit report, you might find that lots of bank accounts simply aren't open to you.

What are my options?

If you've been refused a bank account, that doesn't mean you're out of options. Credit checks may stop you getting a 'standard' bank account, but there are other accounts that are within your reach, such as a no credit check account.

What is a no credit check bank account?

Financial companies carry out credit checks when you apply for certain financial products / services, such as loans, mortgages, credit cards and bank accounts.

That means they'll search one of the credit reference agencies that keep track of how well people manage their finances - like how well they've repaid their debts in the past, for example. They'll use this information to help them decide whether or not to offer you the product you applied for.

However, some bank accounts simply don't require you to pass a credit check, so any financial problems you've had in the past won't be able to stop you opening a bank account.

Then there's the thinkmoney Personal Account - a different kind of account with no credit check or searches at credit reference agencies. To find out some more about our account, click here.

Why would I want a no credit check bank account?

These days, having an account is essential for lots of reasons. It's somewhere you can put your money, so you can set up Direct Debits, pay for things with a debit card, withdraw money at cash machines, have your wages / benefits / pension paid in directly, etc.

That's why banks and building societies offer 'basic bank accounts' to people who can't get a 'standard' current account. They won't offer you a cheque book or overdraft - and some may not offer you a debit card - but they should provide the basic features you need from an account.

But this is not your only option. The thinkmoney Personal Account is an alternative to a bank account that provides all kinds of features to make modern life simpler...

An account with a difference

A Personal Account from thinkmoney offers a lot more than you might expect. To name just a few of the features:

  • A thinkmoney Prepaid Debit MasterCard®. Use it at cash machines, shops and restaurants all over the world - where you see the MasterCard Acceptance Mark.
  • A built-in budgeting service. Tell our Money Managers what bills you have to pay so they can set aside enough of your income - and make sure they're paid. That leaves you free to spend the rest of your money without worrying about running into problems before payday.
  • An SMS text service. Anytime, anywhere, you can check your balances & transactions - and set up, change or cancel your Direct Debits.
  • Online account management. Amend your payments, check your recent transactions, view your incomes, standing orders and Direct Debits - all from the comfort of your own home.

Plus, unlike some basic bank accounts, our account really is open to everyone - even if you're an undischarged bankrupt. As long as you can prove you're a UK resident aged 18 or over, you could open an account with no credit check. All you have to do is complete and return the signed application form.

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Looking for a no credit check
bank account?
  • Try the thinkmoney alternative
  • Your credit history doesn't matter
  • You get access to a budgeting service

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.