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Industry Financial Services
Headquarters Trafford Park, Greater Manchester, UK
Owner Think Money Group

thinkmoney is a UK-based banking services provider. It is regulated by the Financial Conduct Authority under the Payment Services Regulations.[1] thinkmoney’s Personal Account is a managed bank account and has been granted a four star mark by the Fairbanking Foundation.[2][3][4][5][6]

thinkmoney charges all customers a fixed monthly fee - £17.50 for a single account and £24.50 for a joint account with no overdraft or transaction charges.[7][8] It 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.[9][10]

In 2012 customers of thinkmoney (then known as thinkbanking)[11] 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.[12][13] A similar failure at RBS left some thinkmoney customers without access to their incomes again in June 2015.[14]

In 2014, thinkmoney introduced the First Data’s PIN Now SMS solution.[15]

thinkmoney is an associate member of the British Bankers' Association.[16] thinkmoney is a member of Think Money Group and has been listed in the Sunday Times’ Best Place to Work in the UK for the past 10 years[17] thinkmoney's research and surveys has been featured in many media outlets including the Daily Mirror,[18] The Independent,[19] Daily Express, Metro,[20] Mail Online[21] and etc.


  1. ^ "Think Money Limited". Retrieved 9 April 2016. 
  2. ^ "Current Mark Holders". The Fairbanking Foundation. Retrieved 9 April 2016. 
  3. ^ "Fairbanking to certify UK bank accounts". Financial Times. Retrieved 9 April 2016. 
  4. ^ Eley, Jonathan. "RBS account gets Fairbanking award". Financial Times. Retrieved 14 April 2016. 
  5. ^ "Basic bank accounts: what are the options for bankrupts?". The Independent. Retrieved 14 April 2016. 
  6. ^ "Britain's best and worst banks". Yahoo! Finance. Retrieved 14 April 2016. 
  7. ^ "60 second guide to basic bank accounts". Which?. Retrieved 9 April 2016. 
  8. ^ "Can jam jars really save you money?". Yahoo! Finance. Retrieved 9 April 2016. 
  9. ^ "thinkmoney Personal Account: bank account that ensures you'll pay all your bills". AOL. Retrieved 9 April 2016. 
  10. ^ "'Jam jar' idea fits the bill". Daily Star. Retrieved 9 April 2016. 
  11. ^ "thinkbanking's name change: your questions answered". Retrieved 9 April 2016. 
  12. ^ "Second RBS computer glitch hits bank's savers as 100,000 customers' balances are not updated". This is Money. Retrieved 9 April 2016. 
  13. ^ "Royal Bank of Scotland-Nat West computer glitch: Computer says no". The Daily Telegraph. Retrieved 9 April 2016. 
  14. ^ Farrell, Sean; Fishwick, Carmen (17 June 2015). "RBS could take until weekend to make 600,000 missing payments after glitch". The Guardian. Retrieved 9 April 2016. 
  15. ^ "First Data deploys PIN Now SMS service at Thinkmoney". Retrieved 12 April 2016. 
  16. ^ "thinkmoney". Retrieved 9 April 2016. 
  17. ^ "The Sunday Times 100 Best Companies". The Sunday Times. Retrieved 9 April 2016. 
  18. ^ Smith, Mikey. "60 people a week use food bank near David Cameron's home as food poverty bites". Retrieved 12 April 2016. 
  19. ^ "Food banks 'storing-up health nightmare for the future', Government warned". The Independent. Retrieved 12 April 2016. 
  20. ^ Mary, Stringer. "23 reasons your gym membership was always wasted on you". Metro. Retrieved 12 April 2016. 
  21. ^ "UK children's tsars moan to the UN about child poverty". Mail Online. Retrieved in 2016 the bank failed customso when a software failure brought the company to its knees . The FCA and British media did little to help it's 100 thousand customers.  Check date values in: |accessdate= (help)