If you’ve filed for bankruptcy, you might be looking for banks that accept bankrupts. Did you know there's a bank account that's available to undischarged bankrupts?
Being declared bankrupt can affect your finances in all kinds of ways. Your ability to open a bank account is just one of them.
If you've applied for current accounts from high street banks, you might have had your applications turned down. You might feel there's nothing you can do. But there are other accounts that won't automatically reject your application.
What we offer is an alternative to a bankrupt bank account that is ideal for people in your situation. The thinkmoney Current Account provides you with access to things like Direct Debits and cash machines, along with a level of personal service you'd struggle to find with other banks that accept bankrupts.
Your bankruptcy won't even be an issue: whatever your credit rating, you just have to prove that you're a UK resident aged 18 or over. You can even apply if you're going through bankruptcy right now.
So, if you've been declared bankrupt in the past (even if you're an undischarged bankrupt today) and you're looking for a bank account after bankruptcy, read on and find out how our account works. For just £10 per month, it's excellent value for money.
We believe that having a bad credit history shouldn't stop you from having access to the best financial products. That's why we introduced the thinkmoney Current Account.
The account helps you to pay all your essential payments on time, so it’s an ideal bank account for bankrupts. It’s designed to get your finances under control, which is so important if you’re insolvent.
It's an alternative to high street bank accounts with a two-account system. Money for essentials like bills and repayments is kept in one and spending money in another so you can easily manage your money and start getting your life back on track.
If you're looking for a fresh start, what could be better than knowing you're in full control of your finances?
Your thinkmoney Current Account is a combination of two accounts in one. The ‘Salaries’ account is for your essential costs like bills, rent or loan repayments. Your spending money sits in the ‘Card’ account.
All of your monthly bills are paid out of your Salaries account and the rest is transferred to your Card account. This means you can only spend what’s in your Card account that month.
We help you manage the essential commitments you've told us about, putting aside enough money to pay them – and making sure they're paid on time. So the thinkmoney Current Account is a go-to bank account for bankrupts.
You can apply for one of our accounts before, during or after bankruptcy. And since there's no credit check, we can usually approve your application in just minutes!
Our personalised banking system gives you the peace of mind that comes from knowing the money you're spending isn't meant to be going elsewhere. What's more, having your thinkmoney Prepaid Debit Mastercard® means you can access this money whenever you want.
The thinkmoney Money Managers know how stressful going through bankruptcy can be– and that's why they'll be there for you when you need them the most. Any advice you require, any questions you have about your finances, any new instructions you need setting up, our Money Managers are just a phone call away.
So, if you've been made bankrupt, we could offer you exactly what you're looking for – a budgeting service, expert financial advice when you need it, and peace of mind that the money you need for essential costs is being set aside every month, so you can't accidentally go over budget.
Our account isn't just for people who've been made bankrupt. It’s suitable for those in all kinds of financial situations, including people with excellent credit ratings.
If you'd like to open a thinkmoney Current Account, just apply online and you can start looking forward to a better financial future.