Thinkmoney

Thinkmoney, stylised as thinkmoney, is a UK-based banking services provider that primarily offers current accounts for a fixed monthly fee with no overdraft or transaction charges.[1][2] Thinkmoney's online system offers a budgeting service that sees customers money split into two accounts, one for spending and one for bills – an approach sometimes known as jam jar banking.[3]

thinkmoney
TypePrivate
IndustryFinancial services
Headquarters
Trafford Park, Greater Manchester
,
UK
ProductsCurrent Account, Credit Card, Insurance, Loan
Ownertmg
Number of employees
1000
Websitethinkmoney.co.uk

Thinkmoney's current account has received a four-star mark by the Fairbanking Foundation.[4][5][6][7][8]

In 2012 customers of thinkmoney (then known as thinkbanking)[9] were left without access to their money, due to a computer failure at Royal Bank of Scotland which it relies on for access to the payments infrastructure.[10] A similar failure at RBS left some thinkmoney customers without access to their incomes again in June 2015.[11]

See also

References
  1. "60 second guide to basic bank accounts". Which?. Archived from the original on 7 November 2018. Retrieved 9 April 2016.
  2. "Can jam jars really save you money?". Yahoo! Finance. Retrieved 9 April 2016.
  3. "thinkmoney Personal Account: bank account that ensures you'll pay all your bills". AOL. Archived from the original on 5 March 2016. Retrieved 9 April 2016.
  4. "Current Mark Holders". The Fairbanking Foundation. Archived from the original on 17 June 2016. Retrieved 9 April 2016.
  5. "Fairbanking to certify UK bank accounts". Financial Times. Archived from the original on 1 July 2016. Retrieved 9 April 2016.
  6. Eley, Jonathan (22 November 2013). "RBS account gets Fairbanking award". Financial Times. Archived from the original on 10 August 2022. Retrieved 14 April 2016.
  7. "Basic bank accounts: what are the options for bankrupts?". The Independent. 12 October 2012. Archived from the original on 7 May 2022. Retrieved 14 April 2016.
  8. "Britain's best and worst banks". Yahoo! Finance. Archived from the original on 22 November 2016. Retrieved 14 April 2016.
  9. "thinkbanking's name change: your questions answered". thinkmoney.co.uk. Archived from the original on 24 April 2016. Retrieved 9 April 2016.
  10. "Royal Bank of Scotland-Nat West computer glitch: Computer says no". The Daily Telegraph. Archived from the original on 5 May 2017. Retrieved 9 April 2016.
  11. Farrell, Sean; Fishwick, Carmen (17 June 2015). "RBS could take until weekend to make 600,000 missing payments after glitch". The Guardian. Archived from the original on 28 March 2016. Retrieved 9 April 2016.


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