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Company type | Private |
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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]