thinkmoney

Established in 2001, thinkmoney is an Electronic Money Institution (EMI) based in Manchester, and is part of Think Money Group.

thinkmoney offers a range of banking products, including credit cards, loans and home insurance. Its main offering is a managed bank account aimed at helping people manage their money.

Its budgeting service splits customers' money into two separate account: one for fixed expenditure such as bills, the other for day-to-day spending. Anyone that is over 18 and a UK resident can open the account, as there are no credit checks during application.

As an EMI, the money you hold in your thinkmoney Current Account is not protected under the FSCS.

thinkmoney
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Bank accounts

Ranked 32nd of 34 providers reviewed.

Customer happiness 35%
Customer trust 53%
Complaints performance 70%
Transparency rating 35%
Fairer Finance score
Reviewed Autumn 2019
48%

Bank accounts

Current accounts

thinkmoney

Current Account

3 stars
Faster Payment limit i £250,000
Maximum cash machine withdrawal per day i £450
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0
Card payment fee (£) i £0
App capability? i

Foreign use bank accounts

thinkmoney

Current Account

3 stars
Foreign cash withdrawal fee i 2%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2%
Is there a limit on free cash withdrawals? i