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.

6 results found, sorted by most popular. How we order our comparisons.
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.
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident

Compare another type of current account

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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

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Why compare current accounts with

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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We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.