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?
- Best Bank for Branches and ATMs: Chase Bank
- Best New Account Cash Bonus: SoFi
- Best Credit Building Account: Current
- Best Business Checking: Found
Most people are familiar with Chase, and 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 Chase OnlineSMÂ Bill Pay
- FREE money orders and cashier’s checks
- Quickly send and receive money with Zelle®
- Paper checks are not offered with the account
Chase makes it easy for you to access your money from anywhere with the Chase Mobile® app, plus thousands of ATMs and branches.
Earning the $175 Bonus
New Chase checking customers enjoy a $175 checking account bonus when you open a Chase Secure BankingSM account with qualifying transactions. Qualifying transactions include debit card purchases, Zelle®, ACH credits, Chase QuickDepositSM or online bill payments. Your bonus will appear in your account within 15 days after completing the qualifying transactions.
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 or if the account owner is between 17 and 24 years old.
Other Account Features
Chase Secure Banking offers several other features we like. This includes:
- Zero Liability Protection. Unauthorized purchases on your debit card? Let Chase know right away. With Zero Liability Protection with Chase Secure BankingSM they’ll reimburse you for charges you didn’t make.
- 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.
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. 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 fees2
- 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 two paid products: FoundPlus for $35/month or $315/year and Found Pro for $80 /month or $720/year.
Fast Approval Process
Time is money and Found respects both. Sign up 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 any required monthly fees2, leaving you with a straightforward banking experience. No hidden costs2—just clarity and peace of mind.
Found is a financial technology company, not a bank. Business banking services are provided by Lead Bank, Member FDIC.3
Current1 offers an innovative account to consumers who want it all without the costs and hassles.
The Current Build account helps you build credit every time you use the card. Sign-up takes about 2 minutes and Current does not check your credit.
Current at a Glance
- NO opening deposit required
- NO credit check
- NO minimum balance
- NO fees at over 40,000 Allpoint® ATMs in the U.S.
- Fee-free overdraft (and no overdraft fees EVER)
- Paycheck advances up to $750, deposited directly into your Current account if you qualify
- Get your paycheck up to 2 days early with qualifying direct deposit
- Earn up to a 4.00% bonus on your balance up to $6,000 with direct deposit; earn 0.25% without
- Earn points for unlimited cashback at participating retailers
- Send money instantly without any added fees
- Crypto — buy and sell dozens of coins directly from spending balances, with no trading fees
- Custodial accounts — empower your kids with automatic allowances, instant transfers, and real-time spending alerts.
- An elegant but simple smartphone app
- 24/7 member support
Swipe The Card and Build Credit
Using your Current Build account to BUILD your credit is simple. Here’s how it works:
- You add money to your account
- Swipe your card to make purchases, pay bills, or get money from an ATM machine
- The funds in your account pay for these transactions
- Current reports your payment to all three credit bureaus to build your credit history
Earning the $75 Bonus
When you set up direct deposit of $1,500 or more, Current will deposit $75 into your account.
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 remove 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.
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 $475 Bonus
As soon as you get your SoFi Checking & Savings account and deposit $50 or more within 21 days, you’ll earn $50. Earn an additional $25 bonus when you enroll in SoFi Plus within 21 days ($10/mo). When you set up direct deposit from an employer, SoFi will credit your account up to an additional $400 (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 3.10% APY on savings account balances and .50% APY on checking account balances.
The sign-up process can take less than 60 seconds. With over 14.7 million members, SoFi is a bank you can count on!
Claire M., SoFi CustomerSoFi 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.
Novo understands small business owners and makes it easy to open and manage an account. As an online-only bank, you’ll find Novo strikes the right balance between technology, human touch, and real-world benefits. Here are some of our favorite features for Novo Business Checking:
- NO monthly fees
- NO minimum balance requirement
- NO NSF fees
- ATM fee reimbursement up to $7/month
- NO credit check or ChexSystems
- FREE Mastercard debit card
- FREE mobile app
- FREE transfers, mailed checks, and incoming wires
- FREE invoicing to create, send, and track invoices
- FREE mobile check deposit
Application Process
It takes about 10 minutes to sign up for a Novo account. You’ll need personal and business information, which may include a social security number, business tax ID, and business formation documents. They do not check your credit or use ChexSystems.
Novo is growing quickly. Their offering is popular with small business owners. The account approval process is currently taking 1-2 business days and once you’re approved, you can get full access to your account with a simple $50 deposit.
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.
Walmart MoneyCard at a Glance
- 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.
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. Terms and conditions apply1.
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.
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
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
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 purchases1
- NO opening deposit required
- NO monthly maintenance fees
- NO minimum balance requirement
- NO NSF or overdraft fees2
- Fee-free cash withdrawals at over 55,000 Allpoint ATMs
- Get paid up to 2 days early with direct deposit3
- Accepts joint accounts
- 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 account4 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.
Wells Fargo 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
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.
KeyBank’s Hassle-Free Account® is a no monthly maintenance fee checking account that offers access to 1,000 branch locations and 40,000+ ATMs fee-free.
KeyBank Hassle-Free Account® at a Glance
- No monthly maintenance fees
- No minimum balance
- No overdraft fees
- No fees at KeyBank and 40,000 Allpoint ATM locations
- Deposit checks with mobile app
- Easily send or receive money through Zelle®
- Get paid up to two days early with eligible direct deposit
- Mobile payments with Apple Pay, Samsung Pay, and Google Pay
- Schedule recurring payments with online bill pay
- $10 minimum deposit to open an account
States Where KeyBank is Available
You can apply online if you live in one of the following 15 states: Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, or Washington.
Our Verdict
We like KeyBank. We think the Hassle-Free Account® account offers a path to financial wellness. And, you can get an account today!
Get a Keybank Account Now!
Fast-growing Chime® is one of our favorite checking accounts. The account has some amazing features and 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.
Chime at a Glance
- NO credit check or ChexSystems
- NO initial deposit required
- NO minimum balance required
- NO monthly or annual fees
- NO NSF/overdraft fees1
- NO foreign transaction fees
- NO fees at over 47,000 ATMs2
- NO fees for mobile and online bill pay
- FREE cash deposits at 8,500+ Walgreens3
- Get your paycheck up to 2 days early with direct deposit4
- Over 1,000,000+ 5-star reviews for the Chime smartphone app
- Instantly transfer funds to friends and family without additional apps5
- FDIC insured account up to $250,000
Savings Made Easy
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 1.25% Annual Percentage Yield (APY)6 in interest on that savings account.
We don’t think there is another company innovating for their customers like Chime.
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.
Best Second Chance Banks by State
To find more information and additional options available in your area, select your state from the list below and explore your options.
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.
1Eligibility requirements apply. Overdraft only applies to debit card purchases and cash withdrawals. Limits start at $20 and may be increased up to $200 by Chime. See chime.com/spotme.
2Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. Cash deposit or other third-party fees may apply.
3Customers are limited to three $1,000 cash deposits at Walgreens each day and $10,000 each month.
4Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
5Sometimes instant transfers can be delayed. The recipient must use a valid debit card to claim funds. Once you are approved for a Chime Checking Account, see your issuing bank’s Deposit Account Agreement for full Pay Anyone Transfers details. Please see the back of your Chime debit card for your issuing bank. See Terms and Conditions.
6The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of January 29, 2026. No minimum balance required. Must have $0.01 in savings to earn interest.
1Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.
2Found’s core features are free. Found also offers optional paid products, Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. Discount rates may apply. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read the Found Fee Schedule.
3Found is a financial technology company, not a bank. Business banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution. The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.
1Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.
The Current Visa® Debit Card issued by Choice Financial Group, and the Current Visa® secured charge card issued by Cross River Bank, are both pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required. Additional product disclosures can be found here.
1Rewards Checking Plus customers who set up monthly direct deposits of $1,000 or more earn 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants and bars – including deliveries – and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services, and 1% cash back on all other debit card purchases. 2% cash back is limited to $500 in rewards per calendar year; after $500, customers earn 1% cash back on all eligible debit card purchases for the remainder of the year. Rewards Checking Plus accounts with less than $1,000 in monthly direct deposits 60 days after account opening will earn 1% cash back on common everyday expenses and 0.50% cash back on all other eligible debit card purchases. Some limitations apply. Please refer to the applicable Upgrade Visa® Debit Card Agreement and Disclosures for more information.
2There are no overdraft fees or annual fees. Optional out-of-network ATM withdrawals are subject to a fee of $2.50, plus any third-party fees. Debit card transactions with merchants outside the U.S. or in a foreign currency are subject to a 3% fee. Outbound domestic wire transfers are subject to a fee of $20 after your first fee-free transfer per calendar month. Please refer to the applicable Cross River Bank Checking Deposit Account Agreement and Upgrade Visa® Debit Card Agreement and Disclosures for more information.
3Early direct deposit requires set up of recurring electronic direct deposit from your employer, payroll, or benefits provider and is limited to direct deposits under $5000. Early access to direct deposit funds depends on the timing in which we receive notice of impending direct deposit, which is generally up to two days before the scheduled deposit date.
4Active Accounts with a monthly direct deposit of $1000 are eligible for additional benefits on Rewards Checking Plus such as additional cash back rewards and more. See the Active Account page for more information.
1Family Accounts: Activated, personalized card required. Other fees apply to the additional account. Family members age 13 years and over are eligible. Limit 4 cards per account. See Deposit Account Agreement for details.
2Cash back, up to $75 per year, is credited to card balance at end of reward year and is subject to successful activation and other eligibility requirements. Redeem rewards using our website or app. You will earn cash back of three percent (3%) on qualifying purchases made at Walmart.com and in the Walmart app using your card or your card number, two percent (2%) at Walmart fuel stations, and one percent (1%) on qualifying purchases at Walmart stores in the United States (less returns and credits) posted to your Card during each reward year. Grocery delivery and pickup purchases made on Walmart.com or the Walmart app earn 1%. For the purposes of cash back rewards, a “reward year” is twelve (12) monthly periods in which you have paid your monthly fee or had it waived. See account agreement for details.​
3Interest is paid annually on each enrollment anniversary based on the average daily balance of the prior 365 days, up to a maximum average daily balance of $1,000, if the account is in good standing and has a positive balance. 2.00% Annual Percentage Yield may change at any time before or after account is opened. Annual Percentage Yield is accurate as of 5/15/23.
4Direct Deposit: Early availability of direct deposit depends on timing of payroll’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Make sure the name and social security number on file with your employer or benefits provider matches what’s on your Walmart MoneyCard account exactly. We will not be able to deposit your payment if we are unable to match recipients.
5Opt-in required. $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid the fee. We require immediate payment of each overdraft and overdraft fee. Overdrafts paid at our discretion, and we do not guarantee that we will authorize and pay any transaction. Learn more about overdraft protection.
6No monthly fee with qualifying direct deposit, otherwise $5.94 a month. Waived when $500+ is loaded in the previous monthly period. First monthly fee occurs upon first use, the day after card activation or 90 days after card purchase, whichever is earlier.