Review: Pockit – Is it any good?


Pockit – Accounts, Fees and Prepaid Card

Pockit was founded in 2014 and you can open an account on online or through the app in minutes.

It is a prepaid account and not a bank. Therefore, your money is not protected by the FSCS.

However, even though it’s not a bank, you do get banking facilities such as being able to pay by card and paying by direct debit.

Benefit of using Pockit

These are some of the ways you can use Pockit, like you can with a bank account.

1. Pay your bills by direct debit

With Pockit, you can pay your bills by direct debit.

2. Able to pay people in the UK or abroad

Pockit, enables you to make payments to people in the UK and abroad.

3. Pay your wages into your account

You can have your wages paid into your Pockit account.

4. There are 28, 000 places to add or top up cash

You can add cash to you account at 28, 000 places, 7 days a week, for your convenience.

5. Cashback

When you spend online or in stores, using your Pockit card, you can get cashback from your shopping.


There are 3 type of cards.

  • Card for everyday use – Card for using everyday.
  • Card for travel – Use your card around the world.
  • Card for sharing money – send money and share bill payments.

Card for every day use

With this card you can shop in stores or online. You can also easily withdraw cash from any ATM. When you want to top up your money, you can add cash easily at over 28, 000 places or through bank transfers.

You can also make up to £20 a month on cashback, when shopping using your card.

Card for travel

This card is for when you are travelling. You can use this card to withdraw cash easily around the world.

Card for sharing money

You can get an additional card from Pockit, so you can share money with anybody. If you would like to give a card to a member of your family, then you can by ordering an additional card.

You can transfer money to your additional card(s), from your main account, as many times as you would like.



Here are some of the charges for Pockit card.

Membership fee

Pockit charges a monthly fee of £1.99

Additional cards

Additional cards are also charged at £1.99 per month. The initial 3 months are free.

Using an ATM in the UK to withdraw cash

0.99p per withdrawal (you can withdraw up to £250 at a time).

Using an ATM abroad to withdraw cash

To use an ATM abroad costs £2.25. In addition, you will have to pay 4% exchange rate fee (you can withdraw up to £250 at a time).

Adding cash onto the card

You can deposit cash onto your card at 28,oo0 PayPoint stores at a charge of £1.49.

Adding money by bank transfers or by a card


Another benefit of Pockit

Pockit is not a bank, but a prepaid card. However, by using Pockit, you can build up your credit score. So, if you have bad credit history, over time you can improve this.

Also, because it is not a bank, you can join and deposit money, without a credit check or even if you have bad credit history.

Our Conclusion

If you are having difficulties opening a regular bank account. Then, opening a Pockit account will enable you to use it to pay for your bills, shopping and paying in your wages.

It is really easy to open, even if you don’t have a good credit history. However, it is not FSCS protected, so you should not be storing large amounts of money in the account. But, to use it for everyday banking.

Additional Information

If you are interested, check out: Best Bank Accounts for Bad Credit.

If you are looking for the best SIM only deal, read out article: Best SIM Only Deals UK – best SIM only plans available

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If you are looking for advertise on the web, check out Google Ads, here: Google Ads.

Money Advice Service
For debt management and advice on how to pay for bills go here: Money Advice Service info page.

If you are looking for home insurance, read our article: Home Insurance – Compare Cheap Quotes.

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