Being denied for a checking or credit account can put a damper on your confidence. But it doesn’t have to.
Your situation may have been different in the past. You’ve learned from your previous financial experiences and are ready to move on toward financial sustainability.
And a checking account designed to meet you where you’re at can help.
If you’ve had concerns about being approved for a bank or had your checking account closed by a previous banking experience, you can find one that will help you take your next step in managing your money in the most convenient way for you.
Like secured credit cards can help you rebuild your credit history, a second chance checking account can help you rebuild your banking history.
Here we share five great second chance checking account options so you can get on your way to financial stability. Not all of these options are available in every state, so be sure to check your region’s access to these accounts.
Getting on top of handling your money is simple with this checking account. See what benefits it can provide for you.
With the features provided with this account, you can be in the right direction of financial stability. With just a $25 deposit, you can open up an account and not have to deal with a minimum balance requirement. Get forgiveness with overdraft protection of up to a $250 amount, so it’s easier to get back on track. Manage your money and your account from anywhere at anytime with eBanking services. WIth these helpful services, you can be on your way to building your account history.
Rates and Fees
This free account won’t charge you extra monthly fees to deter your start in the right direction with your money. However, there’s a $20 account fee if you don’t meet your monthly requirements such as logging into eBanking, having at least eight transactions and using eStatements.
Broaden your opportunities in building your account history with this specially designed checking account to help you get to where you want to be.
Manage your account from anywhere at anytime with Mobile Banking, available through your phone or tablet. Particularly if you have a lower balance in your account, this account is easy to start and use. You’ll also get access to convenient payment methods such as checks, a debit card and online Bill Pay. Keep track of where your money is going with access to online banking so you can always be in the know. You’ll also get to keep your account safe with security features like fraud monitoring, card chip technology, account alerts and zero liability protection for unauthorized purchases.
Rates and Fees
The minimum deposit you’ll need to open an account is just $25. And when you have 10 or more transactions, have qualifying direct deposits or have a $1,500 balance, you’ll get to waive the $10 monthly service fee.
Don’t let bad credit or checking account history prevent you from managing your money well. With the Chime Second Chance Banking option, you’ll have the opportunity to build your foundation to thrive.
This banking option doesn’t utilize credit reporting agencies, which can contribute to you being denied for an account. There’s also no credit check so you won’t have to worry about being prevented with your history. Chime banking helps you save for the future by rounding up each transaction to the nearest dollar and adds that to your savings account. With direct deposit, you can automatically get 10% of that deposit put into your savings account. You’ll get a Visa Debit card to make your purchases with so spending and saving is easy.
Rates and Fees
Build your checking history without having to deal with extra fees like for overdrafts, monthly maintenance or foreign transactions. There’s no need for a minimum balance fee, either.
An account with Capital One allows you the freedom and opportunity to manage your financial health easily.
While Capital One may check your ChexSystems report, you may not be denied automatically due to a poor report. There’s flexibility and consideration involved. With this account, you’ll get access to all online features of a bank without monthly fees. Use their convenient mobile app to track your spending, transfer money, deposit your paper checks and manage all your accounts, all in one place. Stay protected with security features like instant alerts and a safe sign-in process so you can spend and save confidently. Capital One’s checking account customer service features also allow you to get your questions answered to get the help you need.
Rates and Fees
With this Checking account, you won’t have to deal with monthly maintenance fees or ATM fees. You also won’t need to have a minimum deposit to open and receive interest on your account. For balances between $0 – $49,999, you’ll earn an APY of 0.2%, for $50,000 – $99,999 balances you’ll get 0.75% APY and when your balance is $100,000 or more, you’ll earn a 1% APY to get more money in your account.
See your financial health in the clear with this checking account that doesn’t check your credit, so you won’t have to be afraid of being denied.
This non-ChexSystems account service doesn’t participate with ChexSystems that can prevent you from moving forward with your financial stability. Enjoy a wide range of features with this account including a Visa debit card and no ATM fees you have to deal with at eligible ATMs nationwide. You’ll also have access to online banking, mobile and online bill pay and online and paper statements. Keep track of your account with text alerts and their convenient mobile app so you can be on your way to financial health, even if you have bad credit experience.
Rates and Fees
With just a minimum balance of $25, you can open your own checking account with BBVA. You also won’t have to deal with monthly or annual maintenance fees that put a damper on your account.
Move Toward a Better Financial Status
Having previous poor credit or checking account history doesn’t have to prevent you from managing your money wisely and conveniently. With these second chance checking account offers, you can still manage your money, make purchases you need easily and be on your path to savings and better financial health. Discover today which account can get you set to thrive with your finances.