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| Company type | Private |
|---|---|
| Industry | Financial services |
| Headquarters | , |
| Products | Current Account, Credit Card, Insurance, Loan |
| Owner | tmg |
Number of employees | 1000 |
| Website | 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'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]
- ^ "60 second guide to basic bank accounts". Which?. Archived from the original on 7 November 2018. Retrieved 9 April 2016.
- ^ "Can jam jars really save you money?". Yahoo! Finance. Retrieved 9 April 2016.
- ^ "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.
- ^ "Current Mark Holders". The Fairbanking Foundation. Archived from the original on 17 June 2016. Retrieved 9 April 2016.
- ^ "Fairbanking to certify UK bank accounts". Financial Times. Archived from the original on 1 July 2016. Retrieved 9 April 2016.
- ^ Eley, Jonathan (22 November 2013). "RBS account gets Fairbanking award". Financial Times. Archived from the original on 10 August 2022. Retrieved 14 April 2016.
- ^ "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.
- ^ "Britain's best and worst banks". Yahoo! Finance. Archived from the original on 22 November 2016. Retrieved 14 April 2016.
- ^ "thinkbanking's name change: your questions answered". thinkmoney.co.uk. Archived from the original on 24 April 2016. Retrieved 9 April 2016.
- ^ "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.
- ^ 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.