Second Chance Checking Account

How Do I Get a Bank Account If I’ve Been Blacklisted by ChexSystems?

Some people might wonder how anyone could live without a bank account. The truth is that there are a lot of people who don’t have bank accounts in the United States. The Federal Deposit Insurance Corporation released a survey back in 2015 and it showed that roughly 16 million American adults come from “unbanked households.” This means they do not handle their finances through a traditional bank or financial institution. Instead, the only thing they can do is cash their checks at check-cashing stores and be subjected to extensive fees each time they do it. And if they want to use a debit card, their only option will be to get one that charges high fees. Either way, they are in a bad situation.

Fortunately, second chance checking accounts are available at certain credit unions and banking institutions. The difference between a second chance checking account and a regular checking account is that a second chance account can be opened without having your consumer report or banking history reviewed first. That way, if you’ve had troubles with your past bank accounts, these negative marks on your consumer report will not be looked at and will not determine whether you get approved for a 2nd chance checking account. With regular checking accounts, banks will usually check both the ChexSystems consumer report and the credit report from the three main credit bureaus. Obviously, if you’ve had a troubled banking history, then you’ll want to open a 2nd chance checking account so that history does not get reviewed.

Free Checking Account

Get the ultimate digital banking experience with BBVA ClearConnect Checking. It is time to step into a bright financial future. Feel free to apply for a new checking account!

  • NO Monthly Service Charge;
  • NO Fees at BBVA Compass ATMs;
  • Online Banking, Mobile Banking, Bill Pay;
  • Apply with only $25 minimum opening deposit.

Compare the monthly Service Charge fees

Bank
Highlights
Monthly Fee
Yearly Cost
Minimum Deposit
Start Banking
BBVA Compass ClearConnect Checking
Monthly Fee
$0
Yearly Cost
$0
Minimum Deposit
$25
Open an account on BBVA's Compass
secure website
Wells Fargo Everyday Checking+
Monthly Fee
$10
Yearly Cost
$120
Minimum Deposit
$25
Regions LifeGreen® Checking+
Monthly Fee
$10
Yearly Cost
$120
Minimum Deposit
$50
Bank of America Core Checking®+
Monthly Fee
$12
Yearly Cost
$144
Minimum Deposit
$25
Chase Total Checking
Monthly Fee
$12
Yearly Cost
$144
Minimum Deposit
$25

Where to Open a Second Chance Checking Account

There are lots of benefits to opening a second chance checking account. For one thing, people with bad credit scores and bad banking history will get a 2nd chance at getting a new checking account and rebuilding their financial history into a positive one. They will also get to write unlimited checks and never have to worry about paying banking fees for having a low account balance. Also, these accounts don’t have any monthly fees attached to them if you go to a reputable second chance bank like BVAA Compass. Therefore, you really have nothing to lose and everything the gain because you will be given the opportunity to re-establish yourself in the banking world and eventually be qualified to open a traditional checking account once again.

When you are ready to open a second chance checking account, you need to choose a bank that does not use ChexSystems. There are lots of different ones out there, but the most preferred bank to use for second chance checking is BBVA Compass. They are one of the few second chance banks that offer free checking, no monthly fees, no minimum balance requirement, and access to premium banking features like online banking, mobile banking, and a free Visa Debit Card. Just go to their website and apply for a ClearChoise Checking Account.