Top 18 Second Chance Bank Accounts of 2024

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Opening a second chance bank account can be a way for you to access banking services and rebuild your banking history if you’ve been denied a checking account in the past due to banking issues.

What Is A Second Chance Bank Account?

Second chance bank accounts are for people who were denied a regular account due to past financial challenges. They offer basic services like a debit card and online banking and are typically offered by only a few banks and credit unions.

Banks and credit unions rely on a bank reporting agency called ChexSystems and many use this information to determine whether someone is eligible for an account. People may have to rely on second chance bank accounts if they have a history of financial difficulties that have led to negative items on their banking record, such as unpaid overdraft fees or bounced checks.

You can also choose a bank or credit union that does not rely on ChexSystems when evaluating new customers. These financial institutions are known as non-ChexSystems banks or credit unions.

Whichever option you choose, we’ve got you covered. We’ve selected the best second chance bank accounts based on acceptance rates, checking account features and benefits, and the accounts with the lowest fees. Best of all, you can open an account today!

What are the Best Second Chance Banks?

Open an account today!

Chime | Our Top Pick
Chime® is a fast-growing internet-only financial company and one of our top picks for a second chance bank account.

And, best of all, Chime accepts almost all customers who apply. Even if you have bad or poor credit or have been blacklisted by ChexSystems or the credit bureaus.

Features include mobile deposits, direct deposit, online bill payment, NO monthly or annual fees, NO overdrafts fees1, NO credit check, and NO CheckSystems. Opening an account is super easy. It takes about 2 minutes and you don’t have to make an initial deposit. Here’s what we like:

No Monthly Fees

For the past couple of years, Chime’s huge growth has come at the expense of the big banks and their outrageous fees. And it’s one of the best features of a Chime account. There are no monthly or annual service charges, no minimum balance requirement, no foreign transaction fees, no fees at over 60,000 ATMs2, and no fees for mobile and online bill pay.

Deposit Cash for FREE at Over 8,500 Walgreens

Having access to a physical location for cash deposits is important to Chime members. And now it’s easy. All you have to do is go into a Walgreens store, hand the cashier the cash you want to deposit along with your Chime card, and the deposit will show up in your account immediately. This offers Chime members more walk-in locations than any other bank in the U.S. With over 78% of the country within 5 miles of a Walgreens, this is a significant benefit for millions.3

Smart Technology

Unlike big banks, Chime was created during the smartphone era and, therefore, features an app that is more than just a way for customers to review their bank accounts.

You can transfer funds to friends and family, Chime members or not… and they can claim their money instantly4 without any additional apps. The Chime app also has a series of notifications that you can turn on or turn off so you stay in complete control. Misplaced or lost your card? You can instantaneously turn off your card using the app. No wonder over 300,000 customers have given the app a 5-star review.

Customers First

Chime was one of the first to offer a “round up” option. If you use your Chime card on a purchase of $10.65, Chime gives you the option of automatically rounding up to $11.00 and putting the remaining $.35 in your free Chime savings account. And that adds up over time! Plus, Chime pays 0.50% Annual Percentage Yield (APY)5 in interest on that savings account.

If you use direct deposit with your Chime account, you can get your paycheck up to 2 days early6. And Chime is just saying no to big bank NSF charges with a fee-free overdraft program up to $200. Finally, Chime just recently launched their Credit Builder credit card with no interest and no annual fee. We don’t think there is another company innovating for their customers like Chime.

Get a Chime Account Today!

Found Business Banking | Our Favorite Business Account
One of the biggest challenges for small businesses, entrepreneurs, and gig workers is finding the right bank account for their growing business.

The Found Business Banking Account solves that problem by simplifying your financial journey. Available only to sole proprietors and single-owner businesses, the sign-up process takes only a few minutes. There’s no credit check or ChexSystems.

Found Business Banking at a Glance

  • No opening deposit required
  • No minimum balance
  • No required monthly fees
  • Free unlimited ACH payments
  • Free unlimited invoicing
  • Free mobile check deposits
  • Free built-in expense management tools
  • Accept bank transfers and card payments
  • Easily connect to Quickbooks, Stripe, Venmo, PayPal, Etsy, etc.
  • Get paid up to 2 days early with direct deposit1
  • Send money to anyone within the U.S. using their phone number or email address
  • Deposit cash at over 79,000 locations
  • Access your account online or on the free app
  • Found’s core features are free. They also offer a paid product, FoundPlus

Fast Approval Process

Time is money and Found respects both. Apply for your business account online and the streamlined approval process ensures you’re up and running quickly. No lengthy paperwork needed to get swift access to your financial hub.

Easy Bookkeeping and Tax Management Tools

Managing your business finances shouldn’t be a headache. You get intuitive tools such as automated expense tracking, receipt capture, unlimited custom invoices, and the ability to manage 1099 contractor payments. Plus, you get the ability to auto-save for tax payments and automatically generate tax forms.

No Hidden Fees, No Surprises

Say goodbye to unexpected charges. Found.com believes in transparency. They’ve stripped away unnecessary fees, leaving you with a straightforward banking experience. No hidden costs—just clarity and peace of mind.

Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC.2

Open a Found account now!

Fifth Third Bank | Get $200 Bonus
The Momentum® Checking account from Fifth Third Bank offers a very attractive new account bonus. And with no monthly maintenance fee, no minimum deposit, and no minimum balance required, banking is simple.

Fifth Third Momentum® Checking at a Glance

  • No initial deposit required
  • No minimum balance required
  • No monthly maintenance fees
  • Send and receive money with Zelle®
  • Extra Time overdraft avoidance
  • Mobile alerts for transactions
  • Get paid up to 2 days early when you enroll in Early Pay
  • Access to more than 40,000 fee-free ATMs nationwide
  • 1,200 branch locations
  • Enjoy unlimited check writing
  • Mobile and online bill pay and check deposit

Avoid Overdraft Fees

Fifth Third has an “Extra Time” overdraft feature where they provide an extra day for customers to cover any overdraft purchases that have hit their account. This feature provides you with some extra time to avoid overdraft fees and manage your account effectively.

Bank a $200 Bonus

Fifth Third will add $200 to your account when you make direct deposits totaling $500 or more within 90 days of opening your new account. Qualifying direct deposits include payroll, pension, or government payments such as Social Security. To receive the cash bonus, your checking account must be open and in good standing. Offer ends June 30, 2024. Member FDIC.

States Where Fifth Third Bank is Available

You can apply online if you live in one of the following 11 states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, or West Virginia.

Paycheck Advances Through MyAdvance

MyAdvance is a cash advance service offered by Fifth Third Momentum that allows you to borrow a certain amount of money against your upcoming direct deposit. The fees for this service are based on your account’s age, and the amount you borrow will be deducted from your next direct deposit. This can be a useful option for covering unexpected expenses quickly and easily.

Opening a Fifth Third Momentum® Checking account is easy and takes only a few minutes. The combination of online banking tools, checking account features, and branch locations makes this a strong choice.

Open an account today!

Current | Build Credit While You Bank
Current offers an innovative account to consumers who want it all without the costs and hassles.

The Current Build account works just like a checking account but also helps you build credit every time you use the card. Sign-up takes about 2 minutes and Current has extremely high acceptance rates.

Current at a Glance

  • NO credit check
  • NO minimum balance
  • NO deposit required to open an account
  • NO fees at over 40,000 ATMs in the U.S.
  • Get your paycheck up to 2 days early with direct deposit
  • Earn 4.0% APY on your balance up to $6,000 with direct deposit; earn 0.25% APY without
  • Earn points for unlimited cashback at participating retailers
  • Send money instantly for free
  • An elegant but simple smartphone app
  • 24/7 member support
  • FDIC insured account up to $250,000

Swipe The Card and Build Credit

Using your Current Build account to BUILD your credit is simple. Here’s how it works:

  1. You add money to your account
  2. Swipe your card to make purchases, pay bills, or get money from an ATM machine
  3. The funds in your account pay for these transactions
  4. Current reports your payment to build your credit history

Current Works Hard for You

Current offers a really unique service it calls Gas Hold Removals. What’s a gas hold? Some gas stations may apply a hold from $50 to $100 when you use your card to pump gas. If you only pumped $10 of gas, but the gas station places a $100 hold on your funds, you won’t have access to the $90 difference for up to 3 business days! The Current Build card will immediately refund the hold so you have access to all your funds. We haven’t found that benefit anywhere in the marketplace.

We love the features, we love the smartphone app, and we love Current. That makes us think you’ll love them too.

Get a Current Account Now!

Chase Secure Banking | $100 New Account Bonus
Most people know Chase and with over 15,000 ATMs and 4,700 branches across the country, the Chase Secure Banking account might be a good fit for a second chance bank account.

Chase Secure Banking at a Glance

  • NO credit check
  • NO ChexSystems
  • NO minimum deposit to open
  • NO overdraft fees
  • FREE access to over 15,000 Chase ATMs
  • FREE Chase OnlineSM Bill Pay
  • FREE money orders and cashier’s checks
  • Quickly send and receive money with Zelle®
  • Paper checks are not offered with the account

Earning the $100 Bonus

To earn the $100 bonus, you’ll need to complete 10 qualifying transactions within 60 days of account enrollment. Qualifying transactions include debit card purchases, online bill payments, Chase QuickDepositSM, using Zelle®, or receiving ACH credits.

What to Know About the Approval Process

Chase Secure Banking is the only account offered by Chase that doesn’t use ChexSystems but does use Early Warning Services (EWS). Additionally, if you’ve had an account closed by Chase in the past, your application will not be approved. Past account closures can include missteps such as non-payment of fees, excessive overdrafts, or suspected fraud.

Fees

Chase doesn’t offer overdraft services with this account as you can only spend the money you have available. You should also know that using non-Chase ATMs can cost from $3.00 to $5.00 per transaction. Surcharges from the ATM owner/network may apply.

Chase Secure Banking carries a $4.95 monthly service fee, but it can be waived when you have electronic deposits made into the account totaling $250 or more during each monthly statement period.

Other Account Features

Chase Secure Banking offers several other features we like. This includes:

  • Zero Liability Protection. Get reimbursed for unauthorized debit card transactions when reported promptly.
  • Budgeting Tools. Manage your spending and get daily spending insights with Snapshot in the Chase Mobile® app.
  • Credit and Identity Monitoring. Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
  • Early Direct Deposit. Get that “just paid” feeling up to two business days sooner with early direct deposit.

If you’ve wanted to bank with Chase and wondered if you’d qualify, we think you’ll be happy with the Chase Secure Banking account.

Get a Chase Account Now!

Upgrade Rewards Checking Plus
Upgrade is a digital banking platform providing a range of financial services, including checking accounts, personal loans, and credit cards without annual fees.

Upgrade Rewards Checking Plus at a Glance

  • Up to 2% cash back on purchases
  • NO opening deposit required
  • NO monthly maintenance fees
  • NO minimum balance requirement
  • NO NSF or overdraft fees
  • Get paid up to 2 days early with direct deposit
  • 10%-20% lower interest rates on loans & credit cards through Upgrade
  • Earn up to 5.21% APY with a free Performance Savings Account
  • FDIC insured account up to $250,000

Earning 2% Cash Back

The Upgrade Rewards Checking Plus lets you earn 2% cash back rewards with debit card purchases. Eligible expenses include:

  • Convenience and drug stores
  • Gas stations
  • Monthly subscriptions, including streaming services
  • Restaurants
  • Utilities and cellphone services

All other purchases will earn 1% cash back. To earn the reward your account must be “active”. An active account is one that has a monthly direct deposit of $1,000 or more.

But if you choose not to or cannot meet the monthly direct deposit requirement, the account cashback program is reduced from 2% to 1%. In our view, that’s still a very strong offering with very few fees.

Consumers Love Upgrade

Managing your transactions is effortless, facilitated through either an intuitive online dashboard or the convenient Upgrade mobile app, available for both iOS (4.8 out of 5 rating) and Android (4.7 out of 5 rating) users. You’ll also have free access to your credit score and will be notified of any changes.

Not only is the Upgrade Rewards Checking Plus one of our favorites, but the account also has very high approval rates.

Get an Upgrade Account Now!

SoFi Checking & Savings | Earn a $325 Welcome Bonus
The SoFi Checking & Savings account is offered by SoFi Bank. It’s a checking AND savings account and we love that. Plus, they don’t use ChexSystems or your credit report to approve accounts.

SoFi Checking & Savings at a Glance

  • FREE SoFi debit MasterCard
  • FREE smartphone app. Manage your account online, too
  • No opening deposit required
  • No monthly minimum balance requirement
  • No monthly maintenance fees
  • No fees at 55,000+ ATMs
  • Get paid up to two days early with direct deposit

How to Earn the $325 Bonus

As soon as you get your SoFi Checking & Savings account and deposit $10 or more, you’ll earn $25. When you set up direct deposit from an employer, SoFi will credit your account up to an additional $300 (depending on the amount of your direct deposit).

Using the SoFi direct deposit option unlocks additional benefits, too. First, if you overspend a bit, SoFi will cover up to $50 with no overdraft fees. Second, you’ll receive a much higher interest amount of 4.60% APY on savings account balances and .50% APY on checking account balances. If you decide not to utilize direct deposit, you’ll receive 1.20% APY on savings balances.

The sign-up process can take less than 60 seconds. With over 6 million members, SoFi is a bank you can count on!

SoFi has been great! The account was easy to open and I got my debit card a few days later. The smartphone app is easy to use and I can check everything from my computer, too. SoFi seems to be the perfect bank.
Claire M., SoFi Customer

Get a SoFi Account Now!

mph.bank Fresh Account
It’s a tall order to “Make People Happy” when it comes to banking, but that’s the stated mission behind mph.bank.

Powered by Liberty Savings Bank (established in 1889!), the mph.bank Fresh account does use ChexSystems, but as long as you don’t have more than 3 charge-offs totaling $1,000 or reports of fraud approval rates are very high. Fees for the account include a $9 monthly service fee and a $10 overdraft fee.

mph.bank Fresh Account at a Glance

  • $0 initial deposit to open account
  • Send and receive money with Zelle®
  • Access your account with your phone or computer
  • When coupled with a free savings account, earn up to 5.00% APY
  • Optional ability to round up charges and stash the cash into savings
  • Get paid up to 2 days early with direct deposit
  • Access to over 55,000 fee-free ATMs

Apply for a Fresh Account Today!

Walmart MoneyCard
Want to earn cash back on Walmart purchases – up to $75 each year? Then you might love the Walmart MoneyCard.

It’s a debit card that has some strong features such as cashback on Walmart purchases, overdraft protection, interest on your savings, and a mobile app that lets you track your purchases and deposit funds into your account.

Our favorite features include:

  • Easy approval: no ChexSystems or credit check
  • No initial deposit is required and there are no monthly minimums
  • Deposit cash for free at any Walmart store and it shows up 10 minutes later
  • Deposit checks using the Walmart MoneyCard smartphone app
  • Easily request multiple cards for family use1
  • Manage your account from your computer or the smartphone app
  • 3% cashback on Walmart.com purchases, 2% cashback for Walmart fuel stations, and 1% cash back for use in-store2
  • Earn 2.00% APY on money you set aside in a free savings account3
  • With qualifying direct deposits4, you can opt-in and enjoy overdraft protection of up to $200 on eligible purchases5
  • No monthly fee when you direct deposit $500+ in the previous monthly period. Otherwise, there’s a $5.94 monthly fee.6

The Walmart MoneyCard is available in all 50 states, Washington D.C., and Puerto Rico.

Get a Walmart MoneyCard Account Now!

U.S. Bank | Earn Up To $700 Cash Bonus
U.S. Bank is the fifth largest bank in the country with the majority of its 2,000+ branches located in 26 states mostly located in the west and midwest.

You can earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. The offer is subject to certain terms and limitations and is valid through June 27, 2024. Member FDIC. Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

U.S. Bank Smartly® Checking at a Glance

  • A U.S. Bank Visa debit card
  • Online banking and bill pay
  • Mobile banking and mobile check deposit
  • Send money with Zelle®
  • 24/7 customer support
  • No NSF charges for overdraft balances under $50
  • Access to U.S. Bank Smart Rewards® to reap additional benefits
  • No fees at U.S. Bank ATMs
  • No surcharge fees at 40,000 MoneyPass ATMs

States Where U.S. Bank is Available

If you live in one of the following 26 states where this account is available, you can apply online: AR, AZ, CA, CO, IA, ID, IL, IN, KS, KY, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, SD, TN, UT, WA, WI, WY.

Account Details and Costs

To get an account, you’ll need to make an opening deposit of $25. The monthly service fee is $6.95 but can be waived if you maintain a minimum balance of $1,500 or by having a combined monthly direct deposit totaling $1,000. You can also avoid the monthly fee if you are 24 and under, 65 and over, or a member of the military (must self-disclose) or qualify for one of the four Smart Rewards® tiers (Primary, Plus, Premium, or Pinnacle).

Banking Made Easy

The U.S. Bank Smartly® Checking account comes with one of the best mobile apps on the market. Over one million customers have given the app an overall rating of five stars. You can manage your entire account from a computer or your smartphone.

And there’s more to U.S. Bank than an outstanding smartphone app: 24/7 customer service, Zelle® instant transfers, free budgeting and automated tools, overdraft leniency, and Smart Rewards®. Perhaps that’s why U.S. Bank repeatedly makes the list of one of the best banks in the country.

Open an account today!

8 Additional Banks to Consider

GO2bank
GO2bank is an offering of pre-paid card giant GoBank and we think it’s a step in the right direction. Like some of the newer “challenger banks” GO2bank will deposit your direct deposit check up to 2 days early and has cashback rewards on several categories of purchases. This account also makes you eligible for the GO2bank credit card, which has no annual fee or required credit check.

One significant drawback to many online-only bank accounts is that they have no way to accept cash deposits. But GO2bank accepts cash deposits at over 90,000 Green Dot locations nationwide. However, participating retailers may charge you a fee.

If you direct deposit over $500, your monthly maintenance fee of $5.00 is waived. And, they offer a pretty sweet overdraft protection program, but it has a gotcha charge of $15 if you don’t replace the funds within 24 hours.

Account-holders will appreciate the ability to budget their money with the help of a mobile app, budgeting tools, and a savings vault. In fact, they pay 1% on all money in the saving vault up to $5,000.

Get a GO2bank account

Acorns
Acorns is making a name as a place to invest money for the long term, but what we really like is that they offer both checking and savings accounts. That makes Acorns another of our favorite bank accounts. As a company built to compete with the largest banks, Acorns offers some extraordinary benefits.

We love the heavy metal tungsten Visa debit card and the world-class smartphone app that allows you to manage every aspect of your new checking account such as budgeting, spending, and security.

Another nice option is the ability to round up on every purchase and Acorns will take that money and automatically put it in a savings account. This really helps build a nest egg.

It takes about 2-3 minutes to sign up and not only do you get a checking and savings account, but you also have access to an investment account once you’re ready to consider that. And, it’s free. Here’s more:

  • FREE Visa® debit card
  • FREE bank-to-bank transfers
  • FREE physical check sending online or through the mobile app
  • FREE mobile check deposits
  • FREE access to 55,000+ fee-free ATMs
  • NO minimum balance or overdraft fees
  • NO credit check
  • $3 monthly fee
  • FDIC insured

Acorns was built to give everyone the tools to manage their finances which makes it one of our top picks.

Get an Acorns Account!

NorthOne | No ChexSystems Small Business Banking
NorthOne is a fast-growing company built specifically around business banking solutions for freelancers, entrepreneurs, and small business owners. In addition to dramatically streamlining the application process, NorthOne doesn’t check your credit and doesn’t use ChexSystems. Here’s a recap:

  • FREE business Mastercard debit card
  • FREE access at over 1,000,000 ATMs nationwide
  • FREE online and mobile app
  • FREE live chat (not a chatbot), telephone, or email support
  • FREE in-app invoice creator
  • NO minimum monthly balance requirement
  • NO NSF fees
  • NO ACH transfer fees
  • NO credit check or ChexSystems

Banking Services

NorthOne doesn’t require a minimum account balance and charges a $10 monthly fee that includes unlimited transactions in your account. These include ACH payments, bill pay, debit card usage, mobile deposits, and transfers. The only other fee is $15 for wire transfers.

You can also grant read-only access to employees or your accountant or bookkeeper. This keeps your account safe while also giving access to those who need it.

Integrations

With NorthOne business banking, you can connect your account to an almost unlimited number of third-party apps. NorthOne integrates with business tools including Paypal, Stripe, Square, Etsy, Shopify, Airbnb, Amazon, Venmo, Toast, Uber, Lyft, Quickbooks, FreshBooks, Wave, Expensify, and many more. Through these integrations, you can sync transaction details, collect payments, see and pay invoices, send payroll, pay contractors, and more.

If creating and sending invoices, quotes, and estimates is critical to your business, NorthOne offers a free stand-alone invoice creator that integrates seamlessly with the banking app. We’ve tried it and think it’s an elegant solution.

Envelopes

NorthOne has created a feature that helps you plan for and manage important expense categories. They call these sub-accounts “Envelopes” and you can set up as many as you want. This allows you to set aside funds you know you’ll need in the future such as taxes or payroll. You can set custom rules for your envelopes and easily move money back and forth as needed.

Application Process

NorthOne targets account approvals within one to two business days. Information required to open an account includes name, address, and social security number or tax identification number. If applicable, NorthOne may ask for a copy of your business license and business formation documents. After you’re approved, you’ll need to make a $50 minimum opening deposit.

NorthOne is one of the most competitive business bank accounts for entrepreneurs and small business owners. Their combination of services and offerings, the fast application process, and customer support create an outsized competitive advantage for both the bank and its customers. Every small business owner understands how critical that is for success.

Open an account today!

BMO Smart Money
The BMO Smart Money checking account might be a great fit as long as you don’t have any previous incidences of fraud on your ChexSystems report. Approval is immediate and the process takes about 5 minutes.

If you’re 24 or younger, the account comes with no monthly fees. For those 25 and older, the monthly fee is $5 with no way to waive that amount. You can avoid a $2 monthly fee if you opt for paperless statements.

The account is available in all 50 states and Washington D.C. BMO has around 500 branches in Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

BMO Smart Money Account at a Glance

  • Access to 40,000+ fee-free ATMs
  • Send and receive money with Zelle®
  • No overdraft fees
  • No credit check
  • Mobile check deposits
  • $25 opening deposit required

Get an Account Now!

Navy Federal Credit Union
No matter your banking past, Navy Federal Credit Union offers traditional checking for all members across the US. With no review requirements of your banking history, NFCU is an excellent choice for active duty or retired US military, family members and government contractors. There are two banking choices to choose from: Active Duty Checking and Free eChecking.

Both account options come with a free NFCU debit card. There is no monthly service fee with direct deposit. Your account is protected from overdrafts with free savings transfers, a checking line of credit or an optional overdraft protection service. You also receive:

  • Free mobile deposits
  • Free bill pay
  • Free traditional name-only checks
  • Dividends credited monthly

Get a NFCU account

Citibank Access Checking
The Citi® Access Checking account is a solid option if you’ve been blacklisted by ChexSystems or Early Warning Systems. As long as you haven’t been flagged for fraudulent behavior and don’t owe Citibank an outstanding amount, approval rates for this account are good.

There are no monthly service fees for the first 3 months after opening the account. The $5 monthly service fee can easily be waived after that time by depositing at least $250 per month.

We also like that there are no overdraft or returned item fees because if you don’t have enough money in your account, the item will be returned.

Citibank Access Checking at a Glance

  • 65,000+ fee-free ATMs
  • Send money to almost anyone with a U.S.-based bank account through Zelle®
  • No overdraft or NSF fees
  • $5 monthly fee can be waived with $250 in qualified direct deposits
  • $0 liability for unauthorized charges
  • Available in all 50 states and Washington DC
  • No minimum opening deposit

Apply for an Citi Account Today!

Wells Fargo Bank
Wells Fargo recently changed the Opportunity Checking account to Clear Access Banking. And we like one change, in particular. Wells Fargo has done away with overdraft and non-sufficient funds (NSF) fees.

Clear Access Banking is a debit card-only account (no paper checks available) and if you attempt to purchase something without sufficient funds, the transaction will be denied. That’s a lot better than having the transaction approved and then discovering you’ve been hit with a $35 overdraft fee.

There is a $5 monthly fee, but that can be waived for account holders 24 years old and younger. This account is available to residents in all 50 states.

  • The largest number of branches in the U.S.
  • Minimum deposit of $25 to open an account
  • Online bill pay and smartphone app
  • Mobile check deposit
  • Includes a Visa debit card
  • Send and receive money through Zelle
  • Additional features include account alerts, 24/7 fraud monitoring, and zero liability protection for your debit card

Get a Wells Fargo account

Capital One 360 Checking
The Capital One 360 Checking Account uses a proprietary approval process that does not include ChexSystems and might be a solid option for those who have had past financial challenges.

Available in all 50 states and the District of Columbia, Capital One acts more like an online bank than one with over 400 branches in a few states. Its highly-rated smartphone app gives customers full control of their account and you can access everything from a computer, too.

Capital One 360 Checking at a Glance

  • No opening deposit is required
  • No monthly or annual fees
  • No minimum balance and no overdraft fees
  • Add cash to your account at CVS® locations.
  • No-fee access to over 70,000 ATMs nationwide
  • No foreign transaction fees when traveling abroad
  • Deposit checks and pay bills with the smartphone app
  • Send and receive money with Zelle®
  • Early direct deposit feature
  • Monitor your credit score with Capital One’s CreditWise feature
  • FDIC insured account up to $250,000

How The Overdraft Feature Works

The account offers two overdraft services. The first is a free savings transfer where you link your checking account to a savings account. If you overdraw from your checking account, Capital One will cover the charge by making a transfer from your savings account.

The second option is a no-fee overdraft where the bank approves recurring debit payments, check payments, or bill pay payments even if it results in a negative balance for your account. To qualify, you’ll need to receive at least $250 in direct deposits during two of the three previous months.

Customer Service

In the era of chatbots and customer service-by-email, Capital One stands out for its personalized customer service. Once you set up an online account, you can chat 24/7 with a live customer service representative. If you want to speak with a representative on the phone, you can call between 8 a.m. and 11 p.m. Eastern Time.

The website is laid out well and easy to understand. The smartphone app is also easy to navigate and has received 4.9 out of 5 stars in the Apple store and 4.6 out of 5 stars in the Google Play store.

Get a Capital One Account Now!

Second Chance Banks Near Me

If you prefer to bank locally, there can be some solid options. While most major banks aren’t second chance banks, many community banks and credit unions offer checking accounts that can work for anyone with a ChexSystems or bad credit history.

The majority of these banks and credit unions offer second chance checking accounts that go by various names, such as “Right Start Checking” and “Fresh Start Checking.” Other banks and credit unions are local options where the institution does not use ChexSystems in the account approval process.

Alabama

  • Cadence Bank – My Way Checking
  • BankPlus – CreditPlus Checking
  • Commonwealth National Bank – Fresh Start Checking
  • Jefferson Financial Federal Credit Union – Second Chance Checking
  • West Alabama Bank – Fresh Start Checking
  • See the full list >>

Alaska

  • MAC Federal Credit Union – eChecking
  • Matanuska Valley Federal Credit Union – Share Draft Account
  • Northrim Bank – Simple Checking
  • Spirit of Alaska Federal Credit Union – E-Z Checking
  • True North Federal Credit Union – True Options Checking
  • See the full list >>

Arizona

  • Banner Federal Credit Union – Opportunity Checking
  • BOK Financial – Opportunity Banking
  • Copper State Credit Union – Try Again Checking
  • MariSol Federal Credit Union – Start Again Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • See the full list >>

Arkansas

  • Bank OZK – Pathway Checking
  • Centennial Bank – Opportunity 100 Checking
  • Focus Bank – Fresh Start Checking
  • River Valley Community Federal Credit Union – Fresh Start Checking
  • US Bank – Safe Debit Account
  • See the full list >>

California

  • California Community Credit Union – New Beginnings Checking
  • Excite Credit Union – Fresh Start Checking
  • OneUnited Bank – U2 E-Checking
  • Union Bank – Bank Freely Checking
  • Upward Credit Union – Renew Checking
  • See the full list >>

Colorado

  • 5Star Bank – E-Checking
  • NuVista Federal Credit Union – Last Chance Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • US Bank – Safe Debit Account
  • White Crown Credit Union – Free Checking
  • See the full list >>

Connecticut

  • Community Credit Union of New Milford – Share Draft Checking
  • Eastern Connecticut Savings Bank – Restart Checking
  • FineX Credit Union – Re-Start Checking
  • New Haven Bank – Second Chance Checking
  • Webster Bank – Opportunity Checking
  • See the full list >>

Delaware

  • Del-One Credit Union – Rewards Checking
  • FSNB (Fort Sill National Bank) – Basic Checking
  • See the full list >>

District of Columbia

  • Healthcare Systems Federal Credit Union – Renew Checking
  • Library of Congress Federal Credit Union – Free Checking
  • Transit Employees Federal Credit Union – Fresh Start Account
  • United Bank – United Free Checking
  • See the full list >>

Florida

  • Axiom Bank – Opportunity Checking
  • Centennial Bank – Opportunity 100 Checking
  • Coral Community Federal Credit Union – Lifesaver Checking
  • McCoy Federal Credit Union – Fresh Start Checking
  • San Antonio Citizens Federal Credit Union – Checking Rebuilder
  • See the full list >>

Georgia

  • Bank OZK – Pathway Checking
  • Georgia’s Own Credit Union – Resolution Checking
  • Health Center Credit Union – Fresh Start Checking
  • MyGeorgia Credit Union – Secured Checking
  • Peach State Federal Credit Union – Fresh Start Checking
  • See the full list >>

Hawaii

  • CU Hawaii Federal Credit Union – Checking Account
  • Gather Federal Credit Union – Share Draft Checking
  • Hawaii Community Federal Credit Union – Check Advantage
  • Hawaii USA Federal Credit Union – MyChance Checking
  • HomeStreet Bank – Free Checking
  • See the full list >>

Idaho

  • Cottonwood Community Federal Credit Union – Share Draft Checking
  • Horizon Credit Union – Replenish Checking
  • Idaho Central Credit Union – Free Checking
  • Latah Federal Credit Union – Second Chance Checking
  • Mountain West Bank – Totally Free Checking
  • See the full list >>

Illinois

  • Banterra Bank – Banterra Restart Checking
  • Fifth Third Bank – Momentum Checking
  • First American Bank – Fresh Start Checking
  • Marquette Bank – ReStart Checking
  • Staley Credit Union – Renew Checking
  • See the full list >>

Indiana

  • 3Rivers Federal Credit Union – Onward Checking
  • Centra Credit Union – Opportunity Checking
  • First Financial Bank – NoWorry Checking
  • Horizon Bank – Fresh Start Checking
  • United Fidelity Bank – New Day Checking
  • See the full list >>

Iowa

  • Greater Iowa Credit Union – Fresh Start Checking
  • Great Southern Bank – Second Chance Checking
  • Marine Credit Union – Credit Builder Checking
  • North Iowa Community Credit Union – Fresh Start Debit
  • US Bank – Safe Debit Account
  • See the full list >>

Kansas

  • Central National Bank – New Opportunity Checking
  • Community Bank & Trust – Absolutely Free Checking
  • Heartland Credit Union – Renew Checking
  • United Consumers Credit Union – Second Chance Checking
  • Unity One Credit Union – Clean Start Checking
  • See the full list >>

Kentucky

  • Appalachian Community Federal Credit Union – Fresh Start Checking
  • Cecilian Bank – Choice Opportunity Checking
  • MidWest America Federal Credit Union – Freedom Checking
  • South Central Bank – Green Tree Renew Checking
  • Woodforest National Bank – Second Chance Checking
  • See the full list >>

Louisiana

  • Alive Credit Union – Fresh Start Checking
  • Barksdale Federal Credit Union – Fresh Start Checking
  • Jefferson Financial Federal Credit Union – Second Chance Checking
  • Louisiana Federal Credit Union – Reboot Checking
  • Woodforest National Bank – Second Chance Checking
  • See the full list >>

Maine

  • Five County Credit Union – Second Chance Checking
  • Midcoast Federal Credit Union – Compass Checking
  • New Dimensions Federal Credit Union – Basic Checking
  • Saco Valley Credit Union – Free Checking
  • Town & Country Federal Credit Union – Better Checking
  • See the full list >>

Maryland

  • Central Credit Union of Maryland – Renew Checking
  • Clear Mountain Bank – StartFresh Banking
  • Market USA Federal Credit Union – Fresh Start Checking
  • Security Plus Federal Credit Union – Revive Checking
  • Woodforest National Bank – Second Chance Checking
  • See the full list >>

Massachusetts

  • Alden Credit Union – No Boundaries Checking
  • Bellwether Community Credit Union – Live Free Checking
  • OneUnited Bank – U2 E-Checking
  • US Alliance Financial – MyLife Checking
  • Webster Bank – Opportunity Checking
  • See the full list >>

Michigan

  • Birmingham Bloomfield Credit Union – New Beginnings Checking
  • Fifth Third Bank – Momentum Checking
  • Intandem Credit Union – Fresh Start Checking
  • Michigan State University Federal Credit Union – Rebuild Checking
  • United Financial Credit Union – Fresh Start Checking
  • See the full list >>

Minnesota

  • Marine Credit Union – Credit Builder Checking
  • MBT Bank – GoEasy Checking
  • Minnesota Valley Federal Credit Union – Second Chance Checking
  • Unity One Credit Union – Clean Start Checking
  • WESTconsin Credit Union – Foundations Checking
  • See the full list >>

Mississippi

  • Cadence Bank – My Way Checking
  • Gulf Coast Community Federal Credit Union – New Chance Checking
  • Liberty Federal Credit Union – Opportunity Checking
  • The First Bank – First AID Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • See the full list >>

Missouri

  • Columbia Credit Union – Fresh-Start Checking
  • Concordia Bank – Second Chance Checking
  • First State Community Bank – New Opportunity Checking
  • Great Southern Bank – Second Chance Checking
  • Wood & Huston Bank – StartFresh Checking
  • See the full list >>

Montana

  • Clearwater Credit Union – SmartSpend Checking
  • First Security Bank – Totally Free Checking
  • Garfield County Bank – Pay Less Checking
  • Rocky Mountain Credit Union – Fresh Start Checking
  • US Bank – Safe Debit Account
  • See the full list >>

Nebraska

  • Clark County Credit Union – CheckAgain
  • Nevada State Bank – OnBudget Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • US Bank – Safe Debit Account
  • WestStar Credit Union – Fresh Start Checking
  • See the full list >>

Nevada

  • Clark County Credit Union – CheckAgain
  • Nevada State Bank – OnBudget Banking
  • UNIFY Financial Credit Union – Right Start Checking
  • US Bank – Safe Debit Account
  • WestStar Credit Union – Fresh Start Checking
  • See the full list >>

New Hampshire

  • Bellwether Community Credit Union – Live Free Checking
  • GFA Federal Credit Union – Second Chance Checking
  • Members First Credit Union – Everyday Checking
  • See the full list >>

New Jersey

  • Atlantic Federal Credit Union – Take 2 Checking
  • Credit Union of New Jersey – Right Turn Checking
  • Jersey Shore Federal Credit Union – Fresh Start Checking
  • M&T Bank – My Way Banking
  • UNIFY Financial Credit Union – Right Start Checking
  • See the full list >>

New Mexico

  • First American Community Credit Union – Second Chance Checking
  • Guadalupe Credit Union – Second Chance Debit
  • Lea County State Bank – Opportunity Checking
  • US Bank – Safe Debit Account
  • US Eagle Federal Credit Union – FlexChecking
  • See the full list >>

New York

  • Adirondack Regional Federal Credit Union – New Beginnings Checking
  • Bank OZK – Pathway Checking
  • Fulton Savings Bank – New Opportunity Checking
  • Webster Bank – Opportunity Checking
  • Woodforest National Bank – Second Chance Checking
  • See the full list >>

North Carolina

  • Bank OZK – Pathway Checking
  • Excite Credit Union – Fresh Start Checking
  • Fifth Third Bank – Momentum Checking
  • North Carolina Community Federal Credit Union – FreshStart Checking
  • SouthState Bank – Direct Checking
  • See the full list >>

North Dakota

  • American Federal Bank – American Free Checking
  • Gate City Bank – Totally FREE Checking
  • Hometown Credit Union – Share Draft Checking
  • US Bank – Safe Debit Account
  • Western State Bank – Free Checking
  • See the full list >>

Ohio

  • Buckeye State Credit Union – Second-Chance Checking
  • Cardinal Credit Union – Second Chance Checking
  • Eaton Family Credit Union – Second Chance Checking
  • First Federal Bank of Ohio – Thrifty Checking
  • LCNB National Bank – Second Chance Checking
  • See the full list >>

Oklahoma

  • Allegiance Credit Union – Second Chance Checking
  • Citizens Bank of Edmond – Fresh Start Checking
  • Focus Federal Credit Union – Fresh Start Checking
  • TTCU Federal Credit Union – Fresh Start Checking
  • Weokie Federal Credit Union – Fresh Start Checking
  • See the full list >>

Oregon

  • Consolidated Community Credit Union – Simple Checking
  • HomeStreet Bank – Free Checking
  • Point West Credit Union – Fresh Start Checking
  • Union Bank – Bank Freely Checking
  • US Bank – Safe Debit Account
  • See the full list >>

Pennsylvania

  • Juniata Valley Bank – Fresh Start Banking
  • Market USA Federal Credit Union – Fresh Start Checking
  • Parkview Community Federal Credit Union – Fresh Start Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • West Branch Valley Federal Credit Union – Back on Track Checking
  • See the full list >>

Rhode Island

  • Rhode Island Credit Union – Basic Checking
  • Rockland Trust – Free Checking
  • Webster Bank – Opportunity Checking
  • See the full list >>

South Carolina

  • Caro Federal Credit Union – Rebound Checking
  • Carolina Foothills Federal Credit Union – Refresh Checking
  • Carver State Bank – Second Chance Checking
  • HopeSouth Federal Credit Union – Fresh Start Checking
  • Skyla Credit Union – Fresh Start Checking
  • See the full list >>

South Dakota

  • Dakota Plains Federal Credit Union – Share Draft Checking
  • Farmers and Merchants State Bank – Regular Checking
  • First Dakota National Bank – FREE Checking
  • US Bank – Safe Debit Account
  • See the full list >>

Tennessee

  • Cadence Bank – My Way Checking
  • First National Bank – On Us Account
  • Greater Eastern Credit Union – Fresh Start Checking
  • Market USA Federal Credit Union – Fresh Start Checking
  • The Tennessee Credit Union – Restart Checking
  • See the full list >>

Texas

  • 4U Credit Union – Fresh Start Checking
  • Associated Credit Union of Texas – 180 Checking
  • Beacon Federal Credit Union – Second Chance Checking
  • First Service Credit Union – Fresh Start Checking
  • Premier America Credit Union – Fresh Start Checking
  • See the full list >>

Utah

  • American United Federal Credit Union – Fresh Start Checking
  • Cyprus Credit Union – Fresh Start Checking
  • Desert Rivers Credit Union – Free Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • US Bank – Safe Debit Account
  • See the full list >>

Vermont

Virginia

  • Appalachian Community Federal Credit Union – Fresh Start Checking
  • Central Virginia Federal Credit Union – Fresh Start Checking
  • Credit Union of Richmond – Second Chance Checking
  • Select Seven Credit Union – Second Chance Checking
  • Virginia Credit Union – Encore Checking
  • See the full list >>

Washington

  • American Lake Credit Union – Compass Checking
  • MountainCrest Credit Union – Fresh Start Checking
  • Union Bank – Bank Freely Checking
  • US Bank – Safe Debit Account
  • Wheatland Bank – Free-Range Checking
  • See the full list >>

West Virginia

  • Clear Mountain Bank – StartFresh Banking
  • First Exchange Bank – Take 2 Checking
  • Market USA Federal Credit Union – Fresh Start Checking
  • UNIFY Financial Credit Union – Right Start Checking
  • West Virginia Federal Credit Union – Fresh Start Checking
  • See the full list >>

Wisconsin

  • Crossbridge Community Bank – Fresh Start Checking
  • Dane County Credit Union – Relationship Builder Checking
  • First American Bank – Fresh Start Checking
  • Tomahawk Community Bank – Fresh Start Checking
  • UW Credit Union – Encore Account
  • See the full list >>

Wyoming

  • Pelican State Credit Union – Second-Chance Checking
  • US Bank – Safe Debit Account
  • Valley Credit Union – Opportunity Checking
  • WyHy Federal Credit Union – Second Chance Checking
  • WYO Central Federal Credit Union – 2nd Chance Checking
  • See the full list >>

Who needs a second chance banking account?

Banks often refuse to open checking accounts for consumers who are considered a ‘bad risk.’ You could be considered a bad risk for things like bouncing checks (which can be accidental), writing bad checks (a deliberate act), having a low credit score, or simply breaking a bank’s rules by exceeding the daily ATM withdrawal limit or frequently transferring money between accounts.

Many of these activities result in fees being charged to your account, and if you have too many fees or are not paying the fees due to a low account balance, you may be considered a bad risk for a bank. This can lead to the denial of a traditional checking account and make it difficult to manage your finances.

However, when it comes to second chance bank accounts, the situation is different. Banks do not consider your banking history when you apply for a second chance account, so in almost all cases, you shouldn’t be denied an account. This provides an opportunity for individuals who have faced financial challenges in the past to still have access to banking services and work towards improving their financial situation.

It’s worth mentioning that while opening a second chance account can provide a fresh start, it’s essential to be responsible and mindful of your banking activities. Building a positive banking history by managing your account responsibly can help you regain trust with financial institutions and potentially qualify for more traditional banking services in the future.

It can be reassuring to know that most of the second chance bank accounts we’ve featured above are just as good, if not better than a traditional checking account you may have had in the past or that are offered by many banks and credit unions today.

What do I need to open a second chance bank account?

To open a second chance account, you typically only need to provide an official form of identification and basic personal information. If the account has a minimum opening deposit requirement, you will also need to have cash available.

It is essential to note that some banks may have age restrictions on their accounts, so you may need to meet a certain age requirement to qualify for a second-chance account. Additionally, it’s important to understand that minors cannot open an account without an adult co-signer.

Are there any low-fee online banks that offer second chance checking accounts?

Yes, there are low-fee online banks that offer second chance checking accounts. One example is Chime, which provides a second chance checking account without charging monthly fees. Chime also offers tools and features to help automate savings, making it a beneficial option for those seeking a second chance checking account.

What factors should be considered when choosing a second chance checking account?

When choosing a second chance checking account, it’s important to consider several factors. One factor is the fees associated with the account, including monthly fees and other charges that can add up quickly.

Another factor to consider is the account requirements, such as the minimum opening deposit and ongoing balance requirements. It’s crucial to determine how much money you can afford to deposit or maintain in the account.

Accessibility is another factor to consider, so it’s beneficial to find a bank or credit union that offers online and mobile banking options, along with a debit card and nearby ATM access.

What are the cons or drawbacks of second chance checking accounts?

There are some drawbacks to second chance checking accounts. They usually come with higher fees compared to traditional checking accounts. Additionally, there are more restrictions, such as no overdrafts, and limited benefits and perks associated with these accounts. Furthermore, there are fewer banks to choose from when it comes to second chance checking accounts.

What are the specific benefits of second chance checking accounts?

Second chance checking accounts have several benefits, including easy qualification even with a poor banking history. They often come with online and mobile banking options, as well as a free debit card and checkbook. Additionally, these accounts are federally insured by either the FDIC (banks) or NCUA (credit unions).

What Is ChexSystems?

Most consumers aren’t familiar with ChexSystems until they’re denied a new bank account or a merchant declines to accept their check. Briefly, ChexSystems is a consumer reporting agency (CRA) that tracks your checking and savings account activity.

It’s similar to the three major credit reporting agencies (Equifax, Experian, and TransUnion) which collect data on consumers’ loan and credit card history. A ChexSystems record doesn’t affect your credit score and doesn’t factor into banks’ decisions to extend credit, but it can impact your ability to open a bank account or write checks. And in today’s tech-forward world, having access to a checking account for a host of services is critical.

ChexSystems is not responsible for the decision made by banks to deny you a bank account; however, the information reported by banks and credit unions and stored by ChexSystems can result in a denial of a bank account.

The following information may be stored in your ChexSystems report:

  • Paid and unpaid insufficient fund items (“NSF”)
  • Any kind of fraud
  • Uncollected overdrafts, ATM transactions, or automatic payments the bank paid
  • Abuse of debit card, savings account or ATM card
  • Violation of any banking rules and regulations
  • Opening an account with false information

There may be additional reasons a bank reports their customers to ChexSystems, but the above list represents the most common reasons consumers end up in ChexSystems.

What Is Early Warning Services (EWS)?

EWS was created by major banks including Wells Fargo, Capital One, BB&T, JP Morgan Chase, and Bank of America to prevent fraud and reduce risk. Whereas companies such as ChexSystems and TeleCheck focus on keeping records of people who mismanage bank accounts with overdrafts or writing checks on closed accounts, EWS focuses on fraudulent activity.

Its database tracks consumers’ negative interactions with banks, as well as activities such as bank fraud, forgery, check kiting, check alteration, and counterfeiting.

What is Telecheck?

Like the credit bureaus, ChexSystems, and EWS, Telecheck is a consumer reporting agency (CRA) that focuses specifically on consumer information related to checks and bank accounts.

Retailers use Telecheck to determine how risky it is to accept someone’s check, making a decision on the spot whether or not they’ll accept it as payment. If a check is approved by the Telecheck system, the merchant is guaranteed that they’ll get the full amount of the approved check.

Some banks and other financial institutions use Telecheck when deciding whether or not they should allow a consumer to open a checking account. This is done in an effort by financial institutions to reduce fraud and minimize risk as much as possible.

The Best Second Chance Bank Accounts in Every State

Unfortunately, most major banks don’t offer second chance banking accounts, but many community banks and credit unions have them under various names, such as Opportunity Checking and Fresh Start Checking.

Our staff regularly updates the list of banks offering second chance banking in every state. Here’s an overview of these accounts and where you can find them at branches in your area.

Conclusion

While traditional banks may deny checking accounts to individuals considered a bad risk, second chance banking offers a pathway to banking services even if you have faced financial challenges in the past. By meeting basic requirements such as providing identification and personal information, you can open a second chance account and work towards improving your financial situation.

It’s important to be responsible and mindful of your banking activities to build a positive banking history, which can pave the way for more traditional banking options in the future.

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