What bank is think money part of?

thinkmoney is an independent company and is not part of RBS, we are part of the Think Money Group. However, we continue to work with RBS and money held in thinkmoney accounts is held in trust in your name by RBS.


Do you have to pay for Think money?

You will pay a monthly fee of £10 for a single thinkmoney Current Account and £15 for a joint thinkmoney Current Account. This fee is payable one month after your account has been opened and each month thereafter. You can contact us if you would like to change the date your monthly fee is paid.


Can I get an overdraft with Think Money?

Here at thinkmoney, we don’t offer overdrafts. We have a smart budgeting tool to prevent you from missing a bill to help you boost your credit score. Tell us how much your bills are each month and we will separate the right amount from your disposable income. So, you always know how much you have to spend.

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How long does a bank transfer take Thinkmoney?

Faster Payments in and out of your account are normally completed within two hours (and in many cases, within minutes). In some circumstances, they can take up to the end of the next working day. Faster Payments will always reach your/the recipient’s account by the end of the following business day.


Can anyone get a thinkmoney account?

You can open a thinkmoney Current Account if you’re 18 or over and you live in the UK for at least 6 months of the year. That’s all we need! Don’t worry if you’ve got bad credit – all that stuff doesn’t matter to us.


What time does money go into thinkmoney account?

We process BACS payments overnight so that the money is in your account first thing in the morning (usually by about 7am).


How much can I withdraw from my think money account?

As a thinkmoney customer, you can use your card to withdraw cash from any ATM displaying the Mastercard® Acceptance Mark. You can withdraw up to £450 per calendar day (providing you have the sufficient money on your card).


How many customers does thinkmoney have?

With over 100,000 customers throughout the UK, thinkmoney is helping people manage their finances, get back on their feet, and improve their credit rating.


Is Capital One think money?

Think Money Ltd is the credit broker for the thinkmoney Credit Card. Capital One is the lender and they pay us for our services.


What is a think money card?

The thinkmoney Current Account simplifies budgeting and helps you pay your bills on time. Money for your bills stays in your ‘Bills account’ and the rest is moved to your prepaid debit card. You can then use your card in shops, cash machines and online, just like any other debit card.


How do I put money into my thinkmoney account?

How do I pay cash into my account? Go to the counter at the Post Office, put your card in the CHIP and PIN device, enter your PIN, hand your cash to the cashier and the money will go into your account instantly.


Can you switch banks if you are overdrawn?

Having an overdraft at your old bank doesn’t stop you from switching accounts. Full switches made through the Current Account Switch Service will still go through, even if you have an overdraft.


Can you open a new bank account if your account is overdrawn?

The easy answer is yes, you can switch your bank account if you have a good or relatively clean credit history and you haven’t gone over your arranged overdraft limit.


How do I get a statement from Think Money?

How do I get paper statements? If you’re signed up to online banking, we’ll send your thinkmoney-branded statement to your online banking inbox every month. If you would prefer to get physical statements sent to you as well as the online copies, text POST to 81122 or 07786 200077.


Where can I use my Thinkmoney card?

You will be able to use your thinkmoney Prepaid Debit MasterCard® while you’re abroad. You can use this to pay or withdraw cash anywhere you see the MasterCard acceptance mark – in shops, restaurants and ATMs. Keep in mind though, you’ll have to pay a 2% fee for any transactions you make on your card.


Can I open a second think money account?

Yes, you can have multiple current accounts to manage your money and it can be useful if you’re smart about it. It can help to split out your money for different eventualities to encourage you to budget.


What does card to salary mean ON think money?

Salaries Account If you’re a thinkmoney customer, this is the account that your money goes into. We keep enough of it in your Salaries Account to pay all your essential bills – and move all the rest into your Card Account, so you know you can spend it without worrying that you’re using money you need for those bills.


Who is taking over the post office credit card?

Capital One is the exclusive lender and issuer of all new Post Office Credit Cards, for which Post Office acts as credit broker.


Does think money credit check?

Here at thinkmoney, you don’t need to worry about your credit score because we don’t do credit checks. Our aim is to help you to take back control of our finances so you improve your credit score!


What happens if you close a bank account with money in it?

Most banks, when closing your account, would like to see the account being at zero before they proceed with the closure. If you have funds in your account, you can either withdraw them, transfer them, or the bank will deduct certain charges from them in order to cover its costs.


Can you get a second overdraft?

You might’ve heard other students saying that once you’ve hit your overdraft limit, you can just open another student account and start over with another overdraft. However, most (if not all) banks will have a clause in their terms and conditions that forbids you from opening more than one student account.

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