September 27, 2023

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Banks That Offer a Second Chance Checking Account – How to Find Them

A second chance checking bank is just another name for a bank that will guarantee NOT to refer to the Chex Systems database when considering your application. Sound important? It is – if you have been recently rejected for a new checking account, that is.

You see, the number one reason people get rejected for a new checking account is that their name appears in Chex Systems. This is simply a database that banks use to share information with each other about past customers.

If you have been recently rejected for a new account, it is likely that your name appears on Chex Systems. Your name could be there for any number of reasons. However, apart from the more serious reasons such as bank fraud and the like, most people get reported to Chex Systems if they owe the bank money. For example, this can happen if there are unpaid NSF/overdraft charges that you still owe to a bank.

Banks that offer second chance checking accounts are sorely needed today, given that so many people are getting denied new accounts. If you are looking for such a bank, here are tips on where to look:

1. Look online: Start by looking online. Create or find a list of second chance checking banks in your area.

2. Make a list: Put together a list of at least 3-4 banks before settling on the first one you find. Remember, they’re all 99.9{7fcbeda410c9f02a886f83a59a5af911565ec7141a170d397df667872a958d9e} likely to approve your account request, so focus on learning more about each candidate bank.

3. Choose based on facts and gut feeling: After comparing the facts about each bank on your list, also pay attention to your gut feeling about each one – and choose one!

Banks that offer a second chance checking account can really come in handy if you have been having trouble getting approved for a new checking account. Start your online search right now.