Thinkmoney, stylised as thinkmoney, is a UK-based
banking services provider that primarily offers
current accounts
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the ...
for a fixed monthly fee with no overdraft or transaction charges. 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.
Thinkmoney's current account has received a four-star mark by the
Fairbanking Foundation.
In 2012 customers of thinkmoney (then known as thinkbanking) were left without access to their money, due to a computer failure at
Royal Bank of Scotland
The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank ...
which it relies on for access to the payments infrastructure. A similar failure at RBS left some thinkmoney customers without access to their incomes again in June 2015.
See also
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Managed account
In banking, a managed account is a fee-based investment management product for high-net-worth individuals. The main appeal for wealthy individuals is the access to professional money managers, a high degree of customization and greater tax effi ...
*
List of companies based in Greater Manchester
Greater Manchester is home to various companies which operate in the United Kingdom or further afield in Europe and around the world. The city has a highly diversified economy and is a centre for cultural industries, retail, transport, logistics ...
References
External links
thinkmoney website
Online financial services companies of the United Kingdom
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