Second Chance Bank Accounts

If you’ve been denied a bank account from traditional banks, it’s time to check out second chance bank accounts.  These are designed for those that are “blacklisted” by companies that report to regular banks on their customers, like Chexsytems and Telecheck.  The good news is that there are a lot of different options available to you, and many of them work exactly like a traditional bank account would.  These second chance bank accounts allow you to pay bills online, have a debit card, verify Paypal accounts, and do all of the other things that a regular bank account does.

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!