Which banks offer second chance accounts?

Here are some of the banks that currently offer second chance accounts. Clear Access Checking is a second chance checking account with no overdraft fees. The account requires a $25 minimum deposit to open and carries a $5 monthly fee for account holders over 24 years of age.

What is a second chance checking account?

Second chance checking accounts are bank accounts geared toward individuals with a poor banking history. They operate like other checking accounts, although they often come with more restrictions, higher fees and limited features. Second chance checking accounts are only available at select banks and credit unions.

Is a second chance bank account a good idea?

Second chance bank accounts have a reputation for carrying more fees, more restrictions and fewer features than regular checking accounts. But this isn’t necessarily the case today, thanks to the rise of low-fee online banks. Chime, for example, offers a second chance checking account that doesn’t charge monthly fees.