Open our IVA bank account
Apply today for a thinkbanking account and you could receive all this:
- Help with budgeting
- No credit check when you apply
- No charges with this account for missing payments
Our account is suitable for people during an IVA or bankruptcy for several reasons. Your money is managed by a team of experts who will use the money they have set aside from your income to pay your most important bills before you spend and there is no overdraft.
Strict budgeting is required during an IVA so a managed account can be really helpful when sticking to a budget and helping to make sure you have enough to pay your bills. The account is managed in such as way that we can sometimes forecast up to three months in advance if you're going to be short of money for your bills.
If you're aged 18 or over and a UK resident then you can apply for a thinkbanking account today!
Can I apply with a bad credit history?
You may have a bad credit history, but that won't hold back your application - you won't be refused a thinkbanking account based on your credit history alone, because we don't carry out a credit check.
If you are currently in an IVA or bankrupt, were on an IVA or bankrupt in the past, or are thinking about an IVA or bankruptcy in the future, wouldn't you like a bank account that helps you manage your finances and stay on top of your bills?
IVA or bankruptcy - how to apply for a bank account
As long as you are 18 or over and resident in the UK and you can prove your identity, you should be accepted for a thinkbanking account.
Submit an online application and someone from our team will call you - we're often able to run through the identity check over the phone in a matter of minutes. Once we've verified your identity and you've returned your signed application form to us, we can open the account.
Otherwise, call the number at the top of our page - we'll be happy to take your call. Hopefully, you will find our team friendly and helpful and willing to go that extra mile. We pride ourselves on excellent customer service and that begins as soon as we answer your call.
Bankruptcy or IVA bank accounts - the budgeting benefits
Bankruptcy or IVA bank accounts won't usually offer a credit facility (credit card or overdraft). However, you may find you don't need these things when you manage your money in a way that helps you to live within your means. Budgeting enables you to take control of your finances.
Apply today for the help from our dedicated team of Money Managers. They will help you manage your budget by taking part of your income to pay the bills you've told us about.
With our help and advice you could find making those regular monthly payments a lot more manageable!
A bank account for IVAs
Need more reasons to apply? What if we told you that our bank account for IVAs comes with phone, internet and SMS banking? We make our account accessible so you can keep up-to-date with your balance easily. With flexible banking you can also arrange Direct Debits, check your statements and transaction history, order paying-in books and do many other useful things in the way that suits you.
When you apply for a thinkbanking account, you'll receive a personal service and we pride ourselves on providing excellent customer service with every call! We're waiting for your call or simply complete the form and we'll call you back!