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2nd Chance checking accounts in the U.S.

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Second Chance Accounts for Checking in the U.S.
Second chance checking is a possibility in the event that you've been denied an account because of a bad banking background. Accounts are offered across all 50 states.
Written by Spencer Tierney Senior Writer | Certificates of deposit, ethical banking, banking deposits Spencer Tierney is a consumer banker at NerdWallet. He has written about the personal financial sector since, with a particular focus on certificates of deposit and other banking-related issues. The work he has written for him was featured by The Washington Post, USA Today, The Associated Press and the Los Angeles Times, among other publications. He is located in Berkeley, California.




and Chanelle Bessette Lead Writer/Spokesperson Banking, checking Accounts, Cash Management Accounts Chanelle Bessette writes as a private finance writer at NerdWallet covering banking. She previously worked at Fortune, Forbes and the Reno Gazette-Journal. She also serves as a spokesperson for the banking team. Her work has appeared throughout The New York Times, Vox and Apartment Therapy.





Mar 3, 2022


Editor: Carolyn Kimball Assigning Editor - Banking | Los Angeles Times, San Jose Mercury News Carolyn has worked in newsrooms around the country as a reporter and editor. Her interests encompass personal finance, Sci-Fi novels and groovy Broadway musicals.







The majority or all of the items featured on this page are provided by our partners, who we pay. This affects the products we review and the location and manner in which the product is featured on a page. But, it doesn't influence our evaluations. Our opinions are our own. Here's a list and .



If you've ever been refused a checking account due to past problems with banking -- like a bank account being closed due to unpaid overdraft fees Second chance checking might give you a second chance in the banking world.
Are you ready to compare accounts? Skip ahead to
What is second chance check?
Problems with your banking can land you on a list maintained by the consumer report agency ChexSystems. Banks will review it and other sources prior to accepting new accounts and having a flawed bank history due to bounced checks, fees not paid or account closures make the odds less favorable for you to be approved.
Certain credit unions and banks provide "second opportunity" checking accounts for people in this situation. The accounts can help people rebuild their banking histories but they don't offer all the benefits that are offered standard checking accounts.
What are the pros and cons of second chance checking?
The second chance accounts typically have monthly fees that can't be waived. They also often carry more obligations than regular checking accounts, such as setting up direct deposit or completing a money management course. You typically can't enroll in an overdraft programbecause the reason for having a second chance account is to show that you can avoid excessive withdrawals.
Checking accounts with these types of accounts can help improve banking history However, they do not build credit. To do that, you should consider a secured credit card.
Even with their drawbacks, second chance checking accounts often surpass alternatives, including prepaid debit cards or check-cashing services. These can come with costly charges for transactions and requirements for balances as well as convenient features like online banking.
If you are able to avoid the negative effects of negative balances or fees Many second chance checking accounts let you upgrade to a regular checking within six months to one year.
Are you interested in exploring an alternative option? Take a look at our roundup of the
Picking a second chance checking your account
The most successful second chance accounts come with:
No or low monthly costs.
No minimum balance requirement.
Services such as debit access to cards Online bill pay, limitless check-writing privilegesall for no cost.
Few limits, such as either monthly or daily maximum transaction amounts.

There aren't all second chance checking accounts have these features. Certain accounts charge monthly charges of up to $20 and don't issue checks or debit cards accounts holders. Check the fees and requirements prior to submitting an application.
National second chance banking
Some financial companies backed by banks allow second chance checking nationwide:
(account name: Spending Account, available online)
(account account name is GoBank, available online and at Walmart locations).
(account name: Essential Checking, available online).
(account name: Bank Account, available online)
(account ID: Clear Access Banking, available in 39 states and Washington, D.C.).

The majority of major banks do not offer second chance checking, but some credit unions and community banks have them under various titles, such as Opportunity Checking and Fresh Start Checking.
If you can't find one on the list below check if your neighborhood is part of the Bank On program. It's an initiative that which a lot of communities have joined and lets city governments and local banks work together to assist those who are trying to reconnect with financial services. Another option is an prepaid debit card offering strong services and very low charges.
Compare second chance checking accounts
NerdWallet's ratings are made by the editorial staff. The scoring formulas are based on several data points associated with every financial product or service.





GoBank
Monthly cost : $8.95 (unless you waive it).
Overdraft fees No fee for overdrafts.
Special feature : Up to 2 day early direct payment.



NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account many data points for each financial product and service.

at Varo Bank, Member FDIC




Varo
Monthly cost : None.
Overdraft fee : None.
Special offer: 55,000 Free ATMs.



NerdWallet's ratings are made by our editorial team. The scoring formulas are based on several data points associated with each financial product and service.





LendingClub Essential Checking
Monthly fee : $9.
Overdraft fees $5.
Special feature : Possibility to Upgrade to Rewards checking once the course of a year.









State- and regional-based second chance checking accounts
Certain regional credit unions and banks provide second-chance accounts. However, the customers are required to reside in certain states or meet certain other requirements for membership. Here's a list with a few these institutions.
Regional credit union and bank accounts

American Airlines Credit Union : Appalachian Community Federal Credit Union : Bank of the Ozarks : BOK Financial : Centennial Bank : City National Bank : Corporate America Family Credit Union : Fifth Third Bank : First Financial Bank : Hope Credit Union : OneUnited Bank : Republic Bank : Simmons Bank : Staley Credit Union : Unify Financial Credit Union : Webster Bank : Woodforest National Bank :







Do you want (or need) an account at an institution that is a part of the state? You can find options by clicking here.
Alabama

Avadian Credit Union : Azalea City Credit Union : Community Bank & Trust : Family Security Credit Union : First National Bank : Gulf Winds Federal Credit Union : United Bank :




Alaska

True North Federal Credit Union :




Arizona

Alhambra Credit Union : Banner Federal Credit Union : Copper State Credit Union : MariSol Federal Credit Union : Tucson Old Pueblo Credit Union :




Arkansas

Diamond Bank : Red River Credit Union : River Valley Community Federal Credit Union :




California

Befit Financial Federal Credit Union : Excite Credit Union : Foothill Credit Union : Los Angeles Federal Credit Union : North County Credit Union : Premier America Credit Union : Priority One Credit Union : Self-Help Federal Credit Union : Strata Credit Union :




Colorado

Liberty Savings Bank : NuVista Federal Credit Union :




Connecticut

Eastern Savings Bank : Finex Credit Union : Hartford Federal Credit Union : Tobacco Valley Teachers Federal Credit Union :




Delaware

There are no accounts at state-owned financial institutions. Check for regional and national alternatives.




District of Columbia

There are no accounts in banks and financial institutions located in the United States. Check for regional and national options.




Florida

Axiom Bank : Central Credit Union of Florida : Community First Credit Union : Compass Financial Federal Credit Union : First American Bank : First Florida Credit Union : Gold Coast Federal Credit Union : Gulf Winds Federal Credit Union : JetStream Federal Credit Union : Liberty Savings Bank : McCoy Federal Credit Union : Members First Credit Union of Florida : Okaloosa County Teachers Federal Credit Union : Priority Credit Union : San Antonio Citizens Federal Credit Union : South Florida Federal Credit Union : United Bank :




Georgia

Community Bank & Trust : Excel Federal Credit Union : Georgia's Own Credit Union : Health Center Credit Union : Members United Credit Union : Peach State Federal Credit Union :




Hawaii

No accounts found at state-based financial institutions. Check for regional and national alternatives.




Idaho

Latah Credit Union :




Illinois

Catholic & Community Credit Union : First American Bank : First National Bank and Trust Company : Marquette Bank : Prairieland Federal Credit Union :




Indiana

Centra Credit Union : Diamond Valley Federal Credit Union : Evansville Teachers Federal Credit Union : Heritage Federal Credit Union : Horizon Bank : Park Community Credit Union : Regional Federal Credit Union :




Iowa

Collins Community Credit Union : Federation Bank : Greater Iowa Credit Union : North Iowa Community Credit Union :




Kansas

Central National Bank : United Consumers Credit Union :




Kentucky

The Cecilian Bank : Central Bank : Evansville Teachers Federal Credit Union : First United Bank and Trust Company : FNB Bank : Heritage Federal Credit Union : Home Federal Bank : Park Community Credit Union :




Louisiana

Pelican State Credit Union : Southwest Louisiana Credit Union :




Maine

Five County Credit Union :




Maryland

Central Credit Union of Maryland : Clear Mountain Bank : Market USA Federal Credit Union : Security Plus Federal Credit Union :




Massachusetts

Alden Credit Union : Athol Credit Union :




Michigan

Credit Union One : Horizon Bank : Marshall Community Credit Union : Members First Credit Union : Michigan State University Federal Credit Union :




Minnesota

Minnesota Valley Federal Credit Union :




Mississippi

Citizens National Bank : Gulf Coast Community Credit Union : Magnolia Federal Credit Union : MUNA Federal Credit Union :




Missouri

Columbia Credit Union : Electro Savings Credit Union : First State Community Bank : Health Care Family Credit Union : Montgomery Bank : St. Louis Community Credit Union : Town & Country Bank : United Consumers Credit Union : United Credit Union : Wood & Huston Bank :




Montana

Clearwater Credit Union : Valley Credit Union :




Nebraska

Central National Bank :




Nevada

Clark County Credit Union : WestStar Credit Union :




New Hampshire

There are no accounts at state-owned financial institutions. Look for options that are national.




New Jersey

Credit Union of New Jersey : Jersey Shore Federal Credit Union : United Teletech Financial Federal Credit Union :




New Mexico

Bank of Albuquerque : Lea County State Bank :




New York

Adirondack Regional Federal Credit Union : Alternatives Federal Credit Union : Centra Credit Union : Financial Trust Federal Credit Union : Fulton Savings Bank : Genesee Valley Federal Credit Union :




North Carolina

Charlotte Metro Credit Union : Excite Credit Union :




North Dakota

No accounts found at state-based financial institutions. Find national options.




Ohio

Buckeye State Credit Union : Eaton Family Credit Union, Inc. : Hopewell Federal Credit Union : Kemba Federal Credit Union : Members Trust Federal Credit Union : Superior Credit Union :




Oklahoma

Allegiance Credit Union : Bank of Oklahoma : Citizens Bank of Edmond : Oklahoma Educators Credit Union : TTCU Federal Credit Union : Weokie (Credit Union) : Western Sun Federal Credit Union :




Oregon

Point West Credit Union :




Pennsylvania

Utilities Employees Credit Union : West Branch Valley Federal Credit Union :




Rhode Island

None of the accounts are found in state-owned financial institutions. Find regional and national alternatives.




South Carolina

Caro Smart Financial Solutions : Carolina Trust Federal Credit Union : HopeSouth Credit Union : Market USA Federal Credit Union : Peach State Federal Credit Union: Vital Federal Credit Union :




South Dakota

There are no accounts at state-owned financial institutions. Look for options that are national.




Tennessee

First National Bank : Greater Eastern Credit Union : Holston Methodist Federal Credit Union : Home Federal Bank : Select Seven Credit Union :




Texas

4U Credit Union : Abilene Teachers Federal Credit Union : AFFCU : Allied Federal Credit Union : Associated Credit Union of Texas : Bank of Texas : Baptist Credit Union : Chocolate Bayou Credit Union : Diamond Bank : First Service Credit Union : Houston Metropolitan Federal Credit Union : Kelly Community Federal Credit Union : MemberSource Credit Union : Members Trust Federal Credit Union : Memorial Credit Union : Neighborhood Credit Union : North East Texas Credit Union : Peoples Bank : Premier America Credit Union : Prestige Community Credit Union : Red River Credit Union : Rio Bank : Select Federal Credit Union : Southside Bank : Tarrant County's Credit Union : United Heritage Credit Union : Unity One Credit Union :




Utah

American United Federal Credit Union : Cyprus Credit Union :




Vermont

No accounts found at state-based financial institutions. Find national options.




Virginia

Central Virginia Federal Credit Union : Healthcare Systems Federal Credit Union : Member One Federal Credit Union :




Washington

MountainCrest Credit Union :




West Virginia

Clear Mountain Bank : West Virginia Federal Credit Union :




Wisconsin

Brewery Credit Union : Dane County Credit Union : First National Bank and Trust Company : Tomahawk Community Bank :




Wyoming

WyHy Federal Credit Union : WYO Central Federal Credit Union : Valley Credit Union :







Did we miss an institution that you have a financial relationship with on this list? Please .



About the authors: Spencer Tierney is an expert in deposits in certificates at NerdWallet. His work has been featured in USA Today and the Los Angeles Times.


Chanelle Bessette works as a financial writer at NerdWallet that covers banking. She specializes in cash management and checking accounts.







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