Some options for second-chance checking are superior to others. The best accounts have little or no fees, broad ATM access, low minimum opening and deposit requirements, and other benefits. Consider the seven choices listed below.
Capital One 360 Checking Account
- There is no minimum opening deposit.
- There is no monthly cost.
- ATMs: 70,000.
- No, ChexSystems is not used.
Despite the fact that it is not a second-chance account, Capital One stopped using ChexSystems to screen account applications in 2014. So a bad credit history will not prevent you from enjoying the benefits of a 360 checking account, such as no fees or minimums.
Second Chance Banking chimes
- There is no minimum opening deposit.
- There is no monthly cost.
- ATMs: 60,000.
- No, ChexSystems is not used.
Chime is a financial technology firm that was formed on the principle that basic banking services should be accessible and inexpensive to everyone. The second-chance bank account, like its other account alternatives, has no hidden or monthly fees or account minimums.
Checking Account at Go2bank
- There is no minimum opening deposit.
- $5 monthly charge (can be waived by meeting certain requirements).
- ATMs: 42,000.
- ChexSystems is used: No.
Go2bank, a neobank owned by Green Dot, a financial technology business, offers this second-chance checking account. This account offers a highly rated mobile app, ASAP direct deposit, and other benefits in addition to basic checking account capabilities.
GTE Financial Go Beyond Checking
- The minimum opening deposit is $5.
- The monthly charge is $9.95. (can be waived by meeting certain requirements).
- ATMs: 30,000.
- ChexSystems is used: Yes.
If you apply for a Go Premium or Go Full Access checking account and are denied, the bank will contact you to discuss the Go Further account instead. It’s intended for consumers who can’t currently qualify for a standard checking account but aspire to in the future. GTE Financial will update your account after 12 months of responsible use.
Essential Checking at LendingClub
- The minimum initial deposit is $10.
- The monthly charge is $9.
- ATMs: 37,000.
- ChexSystems is used: Yes.
LendingClub’s Essential checking account is intended for individuals who do not have a pristine banking background. It assists you in better managing your money using technology and low fees.
Varo Checking for a Second Chance
- There is no minimum opening deposit.
- There is no monthly cost.
- ATMs: 55,000.
- No, ChexSystems is not used.
Varo is a mobile-only bank account app that enables clients to conduct branchless banking. It does not charge monthly or hidden fees for its second-chance checking account.
Clear Access Banking at Wells Fargo
- The minimum first deposit is $25.
- $5 monthly charge (waived for customers age 13-24).
- ATMs: 12,000.
- ChexSystems is used: No.
Wells Fargo is one of the few big national banks that offers second-chance checking, with the Clear Access Banking account aimed for customers with low balances, including teenagers.