Our bad credit bank account benefits
Think about a basic bank account
A basic bank account for bad credit is an account with some of the features of a current account, such as Direct Debits/standing orders and cash withdrawals, but without some other features (such as a chequebook and overdraft). However, a basic bank account doesn't have to be basic. With budgeting help, a UK team of Money Managers and expert advice on the phone - our bank account could help a bad credit rating.
This is because with the help of our team, provided you have sufficient money in your account, you should always pay your bills on time and avoid the need to go overdrawn. Doing this regularly and on time makes it possible to improve or build upon your credit score!
If you're aged 18 or over and a UK resident then you can apply for a thinkbanking account today!
Think about budgeting
The way the account is managed means we are able to forecast a shortfall in your Salaries Account up to three months in advance. Being in charge of your money this way can really help to avoid overspending.
All you need to do is tell us what you owe to whom, when you need to pay them and how much money you will have coming in - whether weekly, fortnightly or monthly - so that we can work out your budget for you.
You can also enjoy online banking and get balance SMS texts to your mobile so you always know how much you have available to spend.
Think about bad credit
Bank accounts can be a lot harder to come by when you have bad credit. If your bad credit is getting in the way, or you were turned down for a current account, don't worry - you are not alone!
What if we told you that you can apply for our bad credit bank account - even if you have a lower-than-average credit rating? And what if we told you that this account is so helpful for budgeting, that even those with good credit scores could benefit?
thinkbanking!
Phone the number at the top of this page and we will take you through the application process. (You will need to prove you're at least 18 years old and a UK resident). Once you have the account you can enjoy the benefits of a supportive team helping you to manage your money, pay bills regularly and live within a budget.
To open this bad credit bank account you pay a set up fee of £25 then a monthly fee of £14.50 (Joint accounts have a one off fee of £30, then £21.25 per month).
- We won't charge you if a payment bounces- our Money Managers will help you to avoid that happening anyway.
- There is no overdraft - so you won't incur charges that way and it's simple to check your balance any time of the day.
Simply call the number at the top of the page or apply for this bad credit bank account online.