Compare prepaid bank accounts

Compare prepaid accounts that stop you going overdrawn, so you can stay in control of your money and even improve your credit record.

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thinkmoney Current Account
Account charges
£10 a month
Account facilities
Direct debits, standing orders & free ATM withdrawals
Card type
MasterCard prepaid card
The thinkmoney Current Account helps you budget for your bills and pay them on time, every time. No charges for unarranged overdrafts or bounced direct debits.
This account doesn't provide a debit card, but a prepaid card.
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident

Compare another type of current account

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

What are prepaid bank accounts?

They work like current accounts, but you can only spend money you've paid in, and they don't come with an overdraft so you can't get into debt.

You don't need to pass a credit check, and they come with a prepaid card you can use to buy things in shops and withdraw cash.

Here's everything you need to know about prepaid bank accounts

How to find the best prepaid current account

The best prepaid bank account should offer the facilities and benefits you need, with the lowest fees.

You can use this comparison to see the account facilities and charges each prepaid bank account comes with, so you can choose the right one for you.

Check the fees

There are several fees you should look out for, including:

  • Monthly account fees

  • A one off fee when you take out the account

  • Cash withdrawal fees

  • Transaction fees

  • Loading fees for adding money to your account

How you'll use the account can help you work out which to choose. For example, if you plan to use the prepaid card regularly in shops, look for low transaction fees.

Can you get a prepaid bank account?

You can get a prepaid bank account, even if you have a poor credit record or have been declared bankrupt.

However, a provider may have other requirements when you apply, like:

  • A minimum age limit, for example over 18 years old

  • You must be a permanent UK resident

If apply online, your account can be opened as soon as you complete your application.

Prepaid bank account FAQs

What happens if I spend more than I have in my account?

What type of prepaid card will I get with my account?

Could I get a prepaid account with no fees?

Is my prepaid card protected by Section 75?

About our current accounts comparison

Who do we include in this comparison?

How do we make money from our comparison?

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Why compare current accounts with money.co.uk?

Comparing current accounts could save you money on overdrafts, get you cashback on bills or see you paid more interest on positive balances. Our multiple award-winning comparison service helps make sure you get the best deal possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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