Second Chance Bank Accounts

Archive for the ‘Banks That Offer Second Chance Bank Accounts’ Category

Finding banks that offer second chance bank accounts is tough to do.  Second chance bank accounts are rare among the traditional institutions because they use Chexsystem to see what your past is like beforehand.  Being blacklisted from banks is a big pill to swallow, but there are quite a few options that are still available.  In this post we’ll discuss some banks that do offer second chance accounts, as well as some alternative banks that can offer similar, if not better, services.

The only way to get a second chance with a big bank like Bank of America or Wells Fargo is to start out with a savings account.  They will usually approve people stuck in Chexsystem for one of these, and if you can maintain a good relationship and keep your account in the black, they will eventually offer you a checking account.  How long does that take?  Sometimes months, and sometimes years, it depends on what your financial past is like.

Compass Bank offers a second chance account, but those banks are few and far between.  You do get the benefit of online banking, but there just aren’t enough branches of this bank for it to make any sense.  Unless you live near one of their locations, they won’t even allow you to apply!

Other Second Chance Bank Accounts

Vision is a company that offers all of the features that you can get with the most premier bank accounts, all for a very low fee. There is no credit check involved, no income verification, and no BS! One of the best features that this company offers is free direct deposit of your paycheck, government check, or other benefits.

It’s very easy to apply, and only takes a couple of minutes. Clicking on the image will take you to the application page where you can be one step closer to getting your finances back on track!

Whether you get your second chance account through a traditional bank or with an alternative one, you are making a good choice. Going with a company like Vision will allow you to get everything you need right now, with no waiting and hoping that you’ll get approved. There’s no sense in playing around with your money like that, get it done the first time and move on to the more important things in your life!