Checksystems keeps you blacklisted for five years, so if you want to have a “normal” financial life for the next few years, you have to do something.  Banks won’t approve you if you’re blacklisted, so it’s time to turn to other means.  Second chance banking accounts mean serious money savings over check cashing, wiring money for your bills, and using money orders.

There are fees that are associated with getting a second chance bank account, but most customers report savings of over $300 yearly from what they are used to paying.  In most cases, you are charged a flat fee when you deposit money (usually less than $3).  Others will charge a monthly fee, and some will dock you every time you check your balance or write a check.  Either way they do it, it tends to cost much less than the alternative!  If your income is high enough, you may be able to find a 2nd chance bank account that will waive their fees if you maintain a certain balance.

The best thing about a second chance bank account is that you don’t have to deal with any embarrassing interviews, credit checks, or even leaving your house.  You can do the entire process from the comfort of your home, in your pajamas if you choose!  Most of them will approve your application instantly, and some even guarantee approval.

If you are looking for an alternative to standard banking, or just can’t get a bank account, second chance bank accounts are the right choice.  They offer the flexibility of regular bank accounts, but don’t have the strict application and steep fees.  It’s your money, so stop giving so much of it away to other people!  Find the second chance bank account that’s right for you!

Online Bank Accounts Without Chexsystem

There is a huge industry online that provides bank accounts to people stuck on Chexsystem. These are commonly called second chance bank accounts, but are also considered prepaid debit cards. What you’re getting with something like this is a safe place to keep your money when you don’t need to do much else other than spend and save. They are pretty bare bones when compared to what a regular bank can provide, but they’re a hell of a lot better than check cashing!

Vision Premiere is the leader in this industry. You can check out their website with banner to the right. You’ll get online banking, a debit card, fraud protection, and a bunch of other helpful features. Your money won’t earn interest like it would at a regular bank, but when you just need something quickly that’s really not that important.

The best thing about bank accounts like this is that you’re going to get approved right away. All they’re going to require is that you have a valid Social Security number to prevent money laundering, and you’re approved. Filling out the form will guarantee approval, and the paperwork that goes along with it shows up in your mail box in a couple of days.

These accounts have fees that are comparable to a regular bank, but they are generally charged on a per action basis rather than a flat monthly fee like big banks do. For example, calling customer service or requesting a paper statement will incur a small fee. There are also lots of discounts available as well, for example if you have direct deposit from your job you can cut your account fees in half with Vision Premiere.

Local Bank Accounts Without Chexsystem

In order to find a bank account that isn’t going to run your name against the Chexsystem list in your area you’ll have to turn away from the big banks. That means no Bank of America, Chase, or Wells Fargo. Instead you’ll have to look at the smaller, more local banks.

If you happen to live in an area that Compass Bank works in, your problems are solved. They have an account that is designed specifically for people in your situation. The problem is that most people don’t live anywhere near a Compass branch, and they require that you’re close by to get approved!

So what else can you do? Try out the banks that are based in your area. These small banks love to take customers away from the big banks, which means that many of them are willing to look past the issues that you’ve had with banking in the past. Not all of them are going to help, but with some perseverance you’re bound to find someone that’s willing to hook you up.

Whichever route you choose to take, you’re making a good decision. When you stop and think about what you’re paying for with check cashing, it’s enough to turn your stomach. All you’re doing is paying them a percentage of your hard earned money for them to pull your check through the bullet proof glass and push cash out to you. That’s highway robbery, yet millions of people use it every couple of weeks. Bank account without Chexsystem will stop you from wasting money on something as silly as this and put more cash into your pocket every month. Avoiding check cashing fees by doing this is one of the smartest moves you’ll make!

Before we get too far, it’s important that you do what you can to get your old bank account back. For some, this is simply impossible to do, but there are a lot of situations where your bank will reopen your account if you pay back what’s owed to them (plus a fine, of course). This is always the best case scenario since you’re able to regain the benefits that you had before.

If getting your old account back is not an option there are some regular banks that offer 2nd chance accounts. The most well known is Compass, but they don’t operate in a lot of states. If you live in an area with a branch that’s close by, jump on these accounts. They offer most of the same benefits that bigger banks do with reasonable rates.

For those that live nowhere near a Compass branch (AKA most of you) another option is to check out the local banks in your area. I don’t mean local branches of big banks (Wells Fargo, Chase), I mean banks that are based in your area. These banks work hard to help out the people in their communities and are often willing to overlook any banking problems you’ve had in the past, and sometimes they’ll look past Chexsystem. Small banks tend to charge a bit more than big ones, and won’t offer things like mobile phone apps or feature packed websites, but at least it’s an account!

The next option is to try out an online alternative bank. Vision Premiere is one of the biggest companies that does this. With companies like this, your application is guaranteed to get approved as long as you have a valid Social Security number*. Once you apply you’re approved and you get all of the accompanying paperwork in a couple days via regular mail.

Fees associated with these accounts are very similar to those that you’ll pay at a normal bank, but rather than a flat monthly fee they come in a per-action form. This means that calling customer service or depositing cash multiple times will lead to small charges.

Either way you go about it these accounts are a heck of a lot cheaper than check cashing, and are a much safer way to manage your money. 2nd chance bank accounts come in a few different forms, and now that you know what you’re getting with each type you can choose the right one for you. Just remember that it’s always going to be best to get your old account back!

*The Social Security number thing on second chance bank accounts isn’t intended to be racist, it’s there as a terrorist prevention measure. Before this was implemented, these accounts were one of the easiest ways to move money around without it being detected. In a way, they were a lot like prepaid cell phones.

Before we get to far into this discussion it’s important that you know that it isn’t necessarily your credit score that can prevent you from getting approved for a new account. The thing that banks are looking at is a list from a company called Chexsystem. This list has the names of people who have defaulted or had their bank accounts closed on them. Banks utilize this service to prevent themselves from offering accounts to people who are likely to default. This protects their credit score! If you happen to be on this list, it will only take a few years for you to be cleared, so it’s definitely not a permanent thing.

No credit check bank accounts can be found at most banks, but if you’re stuck on Chexsystem, things get a bit trickier. Compass Bank offers checking accounts to people in this situation, but you have to live near a Compass branch to be able to get an account. They only have branches throughout California and the Southwest.

What can you do if you live somewhere else? Try out your local banks. Not the big banks that are close to your home, but the smaller banks that are based in your area. These banks tend to be very community driven and are more willing to help out somebody from the neighborhood than any of the big national banks. You might not get fancy online banking apps with a small bank like this, but you’re definitely going to get a cheap place to keep your money!

If you aren’t able to get an account through a local bank or Compass, I recommoned checking out Vision Premiere. There is a banner just to your right that can help you get started.

They offer some of the lowest rates among alternative banking options, and are a leader in providing second chance bank accounts. If you don’t have direct deposit for your paycheck you can expect to pay around $10 a month in fees, but if you do have direct deposit that fee is cut in half. You’ll also get online banking, a debit card, overdraft protection, fraudulent purchase protection, and a ton of other great features.

There are other companies that offer similar packages, and the most notable is Rush Card. It’s a good idea that you check all of these out before signing up for anything, but you will probably come back to Vision Premiere since they offer the most features for the least amount of money.

The biggest advantage that bank accounts like these have is that you’ll be instantly approved. All you need is a valid Social Security number to get your account open. They don’t check your credit, Chexsystem, income, or anything else. If you need a bank account right now, this is the way to do so.

There are a lot of no credit check bank accounts, but if you’re struggling to get an account open it probably isn’t your credit that’s holding you back. Check out the options discussed here to find something that suits your needs. Financial management is one of the cornerstones of our lives, and without a bank account you’ll be stuck with check cashing, which is probably the worst way to manage your money!

These are also commonly called second chance bank accounts. They’re designed for people that are stuck in Chexsystem, or simply cannot get a bank account for whatever reason. I do recommend that you try and take the steps to get your old bank account back before trying to open a new guaranteed checking account. These guaranteed accounts are going to cost you a bit more, have less benefits, and won’t give you as much of a return as a normal account would. So if you are positive that you aren’t able to get your old checking account back, read on to figure out what to do next.

Guaranteed Checking Accounts At Regular Banks

There are a lot of banks that will accept you, no matter what your situation may be. The problem is that these aren’t the normal banks that you’re used to, like Bank of America or Wells Fargo. Instead they are smaller and more local banks.

The biggest bank that helps people out in your situation in California and the Southwest is Compass Bank. They have a checking account that is guaranteed, and does not go through the Chexsystem list to figure out if you are able to qualify.

What if you don’t live in California, Arizona, New Mexico, or Texas? Unfortunately there aren’t any bigger banks that will help, but that doesn’t mean you’re out of options. Small, local banks in your city love to take customers away from the bigger banks, and are normally willing to overlook some of your past banking problems to hook you up with an account. Grab your phone book and look for small banks that probably only exist in your city to get started.

Guaranteed Checking Accounts Online

Second chance banking through one of the online banks is completely guaranteed that you’ll get approved. All they want to make sure of is that you’re a legal US citizen. If you can prove that, you’re going to get approved.

So where do you find a company that will do this for you? Look just to your right for a banner for Vision Premiere. Filling out that form is going to get you a checking account right now!

You’ll get many of the same benefits out of Vision that you will from a big bank, but the biggest difference is how you deposit cash. You will normally do this at a Western Union or Moneygram store and they send the cash to your account. Most checks can be sent in through direct deposit.

As far as fees go, they vary from one company to the next. Vision cuts your fees in half if you can get direct deposit for your paycheck. This reduces the fees to about $5 a month, which is comparable to a normal checking account. You’ll also get online banking, text message alerts, a debit card, overdraft protection, and many of the other good things that come with a checking account.

It’s really not hard to find a guaranteed checking account. You now have two clear choices, either find a local bank that can help you or apply online. People are normally more comfortable dealing with a normal bank, but the easier route is to take the online one.

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!

Banks tend to be very lenient when dealing with those that are looking to open up just a savings account.  There is really no risk involved with them opening another savings account, and it gives them more capital to lend to other customers.  Many people who have been “blacklisted” by Chexsystem can get a savings account at most banks.  There has to be some serious offenses in your past that would prevent you from getting approved by a standard bank.  Also, if you maintain a good history with that bank and your savings account, the option to open a checking account may come later on.

Savings accounts are very limited in what they can do.  They’re a good way to hold onto your money and earn a few pennies in interest, but in order to pay for anything you have to withdraw cash.  You can get an ATM card with your savings account, but those don’t work as a debit card.  There is no online shopping, rental car reservations, hotel reservations, or anything that can’t be paid for with cash!

Instead, try a second chance bank account that offers all of these features, as well as checks for you to write!  Your paychecks can be deposited directly into the account, so you never have to deal with a real bank (and the lines that accompany them!).  These accounts give you a real debit card that looks, works, and feels like it came from a standard bank.  Applying for an account like this only takes a minute or two, and you are approved instantly.  There are no credit checks, no Chexsystem, or even employment verification.  The banner that is at the top of this post, as well as to your right, will take you directly to an application page that will help you get your finances back on track very quickly!

Getting a second chance savings account is very easy, but they offer very limited services.  Get one from the bank and work your way up to being approved for a checking account, or apply for a second chance account right now and get all of the features you want instantly!

The application process for second chance banking accounts is extremely easy.  All you need is to be a US citizen, and be able to prove it.  The entire process only takes a few minutes, and to speed it up have your SSN handy (if you don’t know it off the top of your head).  Generally, you are approved instantly after filling out the application, then your credit card and checks come in the mail in a couple of days.

No credit checks are required for an account.  They know that you’ve had problems in the past, so there is no sense in dragging the process along any further!  Instead, you apply, you get approved, and you start banking right away!

There are some fees that are involved with second chance accounts.  Each institution will have their own terms, but some common fees are overdrafts, withdrawals, direct deposit, or just a monthly fee.  The fees are small, and will save you a ton of money when compared to cashing checks.

Sometimes, these accounts are also called prepaid credit cards.  If you know anything about credit cards, prepaid is a poor way to describe it.  A prepaid credit card would be a debit card, and that’s what you get with a checking account.  Both terms (second chance bank accounts and prepaid credit cards) are thrown around quite a bit to describe the same thing, so don’t let the different names confuse you.  There are some prepaid credit cards that don’t offer checks, but those are rare.

Whatever the reason that you don’t have a checking account, you can still get a second chance banking account in just a few minutes.  Vision is a great company to use.  They offer very low fees and approve everyone who can prove that they live in the country!  Click the banner ad to your right to apply now!

The only “real” requirement for second chance bank accounts are that you are a US citizen and have the proper ID to prove it.  This started after the 9/11 attacks and the government wanted to prevent people from getting bank accounts under false names.  Many people were abusing the second chance banking institutions for this, but it’s been cleaned up now for a while.

All of the things that are preventing you from getting a bank account at a standard bank aren’t required for this style of account.  There is no Chexsystem verification, no credit check, no employment verification, and definitely no BS!  Most of these second chance banking accounts don’t do much for repairing your credit, but you still gain the ability to pay bills, shop online, get cash from an ATM, and all of the other benefits that come with having a bank account.

Visa Prepaid Card – FREE Direct Deposit, Online Pay Bills, Get Cash from ATM’s, Guaranteed Approval!

In order to find the program that you need, you have to first figure out what features you need.  Online bill pay, direct deposit, and getting cash from ATM’s are the features that most people need.  Some companies also offer text message updates, free online banking, and no overdraft charges.  The link above for Vision will offer many of these features with instant approval.

Just because you don’t have a bank account right now doesn’t mean that you have to go without.  Get a second chance bank account that has all of the same features as the standard accounts do, with instant and guaranteed approval.  It’s easy, it’s fast, and you can do it right now!