If you have had some financial hardship in the past, you may have been blacklisted by ChexSystems. For most consumers, this means that they have been blocked from opening a checking account at most banks.
However, many banks have now chosen to ignore ChexSystems and now offer consumers a second chance bank account. Banks that do not use ChexSystems do charge a monthly fee, but it can be worth the peace of mind knowing your money is safe.
We have gone ahead and identified the best second chance banks and bank accounts available right now:
Every consumer deserves a second chance, which is why Axiom bank offers second-chance banking.
The Opportunity Checking Account is specifically designed for those that have been in previous financial hardship.
The account requires no minimum balance and you may even qualify for a debit card.
A one time fee and a monthly charge do apply to the account.
Wells Fargo Opportunity Checking
One of the largest banking services providers, Wells Fargo offers its Opportunity Checking account to customers who have a negative ChexSystems reports.
You are required to open the Opportunity Checking account inside a local branch.
The Wells Fargo Opportunity Checking account is great because the account will still come with all the basic features of a normal checking account such as online banking and easy pay for bills.
Although the account charges a one time fee and a monthly charge, you will have the convenience of banking with a large institution. This includes access to thousands of ATMs and branch offices.
Capital One 360 Checking
Capital One uses the ChexSystems for all accounts, but it does not base your approval on ChexSystems alone. If you have a relatively healthy credit score and have not been convicted of fraud, chances are you can qualify!
The best part? There are no monthly or one-time fees associated with this account according to eCheck.org.
BBVA has built its brand on working with consumers who may have been in financial hardship. The bank offers consumers that have been blacklisted on ChexSystems their Easy Checking account, which offers no ATM fees at select ATMs.
The account does carry a monthly charge and a one time fee, but also provides customers with a free Visa debit card.
It can be hard to bounce back from financial hardship, but these banks that do not use ChexSystems are more than willing to work with consumers who may have not had a spotless financial history.
If you are looking to get a personal loan, CrediReady can help. Our nationwide network of trusted and verified lenders work with borrowers in all credit situations.
Take a moment to fill out our free no-obligation loan inquiry form and get the money you need today!