Thinkmoney

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
thinkmoney
Private
IndustryFinancial Services
Headquarters,
ProductsCurrent Account, Credit card, Insurance, Loan
OwnerThink Money Group
Websitethinkmoney.co.uk

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][4]

Thinkmoney's current account has received a four-star mark by the Fairbanking Foundation.[5][6][7][8][9]

In 2012 customers of thinkmoney (then known as thinkbanking)[10] 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.[11][12] A similar failure at RBS left some thinkmoney customers without access to their incomes again in June 2015.[13]

See also[edit]

References[edit]

  1. ^ "60 second guide to basic bank accounts". Which?. 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. Retrieved 9 April 2016.
  4. ^ "'Jam jar' idea fits the bill". Daily Star. Retrieved 9 April 2016.
  5. ^ "Current Mark Holders". The Fairbanking Foundation. Retrieved 9 April 2016.
  6. ^ "Fairbanking to certify UK bank accounts". Financial Times. Retrieved 9 April 2016.
  7. ^ Eley, Jonathan. "RBS account gets Fairbanking award". Financial Times. Retrieved 14 April 2016.
  8. ^ "Basic bank accounts: what are the options for bankrupts?". The Independent. Retrieved 14 April 2016.
  9. ^ "Britain's best and worst banks". Yahoo! Finance. Retrieved 14 April 2016.
  10. ^ "thinkbanking's name change: your questions answered". thinkmoney.co.uk. Retrieved 9 April 2016.
  11. ^ "Second RBS computer glitch hits bank's savers as 100,000 customers' balances are not updated". This is Money. Retrieved 9 April 2016.
  12. ^ "Royal Bank of Scotland-Nat West computer glitch: Computer says no". The Daily Telegraph. Retrieved 9 April 2016.
  13. ^ 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.


External links[edit]