Second Chance Bank

A “second chance bank” is a bank that will allow people with bad credit or who are on ChexSystems or Telecheck to open a new bank account.  Some banks have special “second chance” banking programs that require you to complete a checking management course before a second chance account can be opened.  Other banks are set up so that anyone (subject to identity verification) can open an account with them.  Many second chance bank accounts do not have full checking privileges, although most allow customers to pay bills using online banking services.  A second chance bank account is one option available to people on the ChexSystems list.

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Related ChexSystems Banking Information:

1. Finding Local Second Chance Checking Accounts
2. A Great New Second Chance Bank — Probity Financial Services
3. The FDIC Says Almost 1/4 Of Banks Offer “Second Chance Accounts”
4. How New Banking Rules May Impact Your Second Chance Bank Account
5. Lifeline Account