What is a second chance bank account?

A second chance bank account may help you access essential banking services while you give your older reports time to clear from your ChexSystems profile. Although second chance banking is made to be accessible, there may still be some monthly fees on your second chance checking account. Some services and features may be restricted, as well.

Which banks offer second chance checking?

Varo (account name: Bank Account, available online). Wells Fargo (account name: Clear Access Banking, available online and at Wells Fargo branches). Most major banks don’t offer second chance checking, but many community banks and credit unions have them under various names, such as Opportunity Checking and Fresh Start Checking.

Should I open a second chance checking account?

If you’ve been denied a checking account due to past banking issues, opening a second chance checking account may be your ticket to accessing banking services and rebuilding your banking history. Second chance checking accounts are typically easy to obtain, even if your banking history is less than perfect.