Open our bad credit bank account
Many bank accounts in the UK require a credit check. The credit check can prove to be a big hurdle for people opening a bank account with bad credit history, so a good alternative is simply to choose an account that does not require a credit check.
Basic bank accounts are similar to current accounts, but with generally fewer privileges. They don't generally require a credit check and are usually open to people with a bad credit history.
Some basic bank accounts provide a debit card, some have internet banking and some let you set up Direct Debits. However, these accounts don't usually have overdrafts, which is not an issue for many people. However, you may be interested in a bank account that has all these features and additional services you hadn't considered.
If you're aged 18 or over and a UK resident then you can apply for a thinkbanking account today!
A budgeting bank account that may improve your credit score
A bank account that you can open without a credit check could be extremely helpful if you have a bad credit history. You can rest assured that if your credit score is a problem you could still be accepted by thinkbanking.
On top of that, we like to help our customers to manage their money, with practical help for budgeting for monthly bills. If you ever find yourself falling short of the money you need to pay essential bills, such as mortgage or rent, utilities, Council Tax, etc, it may be that a bit of clever budgeting with the help of our team of Money Managers could help you to meet these costs.
What's more, once you begin to pay your bills regularly and on time, you could find your credit rating improves.
Bank account for bad credit - application details
If you are interested in opening our bank account for bad credit, it is open to anyone 18 years old or over and resident in the UK, even if you have a bad credit history.
On top of that, the practical budgeting service helps you to reduce and possibly eliminate charges for missed fees and avoid falling into arrears with rent or utilities, because your money for these bills will be set aside in your account before you spend any money on non-essentials.
We charge up-front monthly fees of £14.50 for single accounts or £21.25 for joint accounts (following an initial start-up fee of £25 or £30).
Apply for a bank account with bad credit history
The application process is fairly straightforward. Call the number at the top of the page or submit an online application and someone will call you back. We will need to prove your identity and prove your age (18 or over). Your Banking Adviser will tell you which documents you need to send when running through your application.
When we have received your first income payment, we will take the initial set up fee and can begin to arrange the Direct Debits you tell us about for your regular bills.
It doesn't matter if you are paid weekly, fortnightly or monthly and it doesn't matter if you have income from many different sources - we can work out your budget for you.