subject: Open A New Second Chance Bank Account [print this page] There quite a bit of demand for a second chance in the banking community. Second chance checking accounts are for people who had a bad history with bank accounts. Banks are realizing that there are a lot of people on chexsystems who need a bank account. Each bank has their own way of offering a second chance bank account.
Some will charge a small monthly fee, which is not a bad deal at all. Some banks will have you complete a small "course" before they give you a checking account. Some banks will give you a free checking account. Not all banks are the same when it comes to savings and checking accounts. If you can only find a bank account that requires a small fee each month, then do not be ungrateful. In this economy, banks are already starting to use fees on regular checking accounts now.
The fact that you are on chexsystems makes it harder for you to find a free second chance bank account. They do exist though, but it will depend on where you live. It is a good thing that there is second chance banking for people to use. It is hard to go through the daily life without the use of a bank account.
When you are looking for second chance banking, make sure you are getting the best deal. Do not just fall for the first bank account that you see. The best second chance bank account for you would obviously be one that is relatively close to you, but that may not be possible for everyone.
If you have any bad habits, make sure you correct them fast. Do not let your checking accounts get low. If you get a lot of NSF fees you can end up losing your new bank account. It will not only save you money, but it will also help keep your account. If you currently have any bank accounts, keep them open if they are free.
Try to get a free second chance bank account first, but assume that you are guaranteed one. Some of the banks that offer free second chance bank accounts are small, and they might not be in your local area.
