Lifeline Account

Several States have laws which require some banks to offer “lifeline accounts” or “second chance” accounts to low-income customers.  The purpose is to make it easy for people with low incomes to have access to basic banking services.  These accounts are typically checking and savings products that have little or no monthly fees, require little if any minimum deposit and balance, and allow a set number of checks each month.

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Related ChexSystems Banking Information:

1. Lifeline Account
2. How to Find a Free Checking Account with no Deposit
3. How to get a Bank Account that is Just Right for You
4. Finding a Checking Account No Deposit Required
5. On ChexSystems? You Need to Understand Checking and Savings Accounts