Bad credit bank account
Do you have bad credit? If your financial past means you're missing out on vital banking services, our bank account could be exactly what you're looking for.
Bank 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 thinkbanking, we like to do things differently. We're committed to providing bank accounts to everyone who needs one, whatever their financial background. They'll just need to pass some initial ID checks and return the signed application form.
So our bad credit bank account is open to everyone - even with a history of:
- CCJs (County Court Judgments)
- Bankruptcy
- IVAs (Individual Voluntary Arrangements)
- Mortgage / rent arrears
- Poor credit ratings
More than 'just' bad credit bank accounts
We're not the only ones providing bank accounts to people with poor credit histories, but we offer a lot more than access to normal banking services. Join thinkbanking and you'll never face any charges for overdrafts or bounced payments from us.
As a thinkbanking customer, you'll have access to our expert Money Managers - financial experts who are there to help you manage your money, leaving you free to spend your money as you like without running the risk of leaving essential bills unpaid.
It works like this:
- When your money arrives, it goes into your Salaries Account.
- A Money Manager will make sure enough stays in there to pay for your essential bills you've told us about: your mortgage/rent, utility bills etc.
- 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 overdrafts or bounced payments.
- No need to worry about missed payments
- No need to worry about spending cash you need for your essential expenses.
Once you've told us about your bills, you should never miss another one - as long as there's enough money going into your accounts in the first place, of course!
Poor credit - excellent service
With a thinkbanking bank account, you can expect excellent service. We've thought of everything you should need to get the most from your bank account, 24 hours a day, 365 days a year:
- A thinkbanking Debit MasterCard® you can use to pay or get cashback in stores and restaurants, and withdraw cash from most cash machines all over the world, where you see the MasterCard Acceptance Mark. Up to £450 per day.
- A free* text service providing free balance updates.
- A free* automated service which can provide balance updates and details of the last 8 transactions on both accounts.
- Free* online banking, 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
Not just for adverse credit ratings
The thinkbanking account isn't just for people with bad credit. People with all kinds of credit histories, good and bad, can benefit from our unique service. After all, nobody likes paying hidden bank charges!
Can't get a bank account? Now you can!
No credit checks. No delay. We can open your account as soon as we've confirmed your identity.
* We won't charge you for internet banking or text updates, but your usual service provider rates will apply.