According a Federal Deposit Insurance Corporation (FDIC) 2021 Survey, 5.6% of Texas residents live without a traditional bank account. It’s estimated that unbanked people pay up to 10% of their salary for check cashing services.
If you're unbanked in Texas and looking for a second chance bank or credit union in Texas, we've compiled a list of the best second chance banking options.
Prefer the benefits of online-only banking like earning high-interest on accounts? Check out these top online second chance banking options.
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Best Second Chance Banks in Texas
Discover the best second-chance banking options in Texas. Compare rates, fees, and resources to pave your path to financial recovery.
1st Convenience Bank
The eAccount does not require an opening deposit and has a $5 monthly service fee. You'll have free access to online banking, mobile deposit, bill pay and account alerts.
Bank of Texas
The Opportunity Checking account requires a $25 opening deposit and has a $5 monthly service fee. Customers get free access to more than 32,000 MoneyPass ATMs nationwide plus online banking, mobile deposit, bill pay and account alerts.
Bank of Montgomery
The EZ Checking account requires a $0 opening deposit and has a $0 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Extraco Banks
The Bank On Checking account requires a $25 opening deposit and has a $4.95 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Falcon Bank
The EZ Checking account requires a $0 opening deposit and has a $3.50 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Independent Financial
The Intro Checking account requires a $25 opening deposit and has a $4.95 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Moody Bank
The Moody MyFreedom Account requires a $25 opening deposit and has no monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
First Federal Bank of Louisiana
The Smart Access Checking Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
PlainsCapital Bank
The Basic Access Checking Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
PNC Bank
The Foundation Checking Account requires a $0 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
R Bank
The Refresh Checking Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Regions Bank
The Regions Now Checking Account requires a $10 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Regions Bank
The Regions Now Checking Account requires a $10 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Rio Bank
The Fresh Start Checking requires a $25 opening deposit. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Simmons Bank
The Affordable Advantage Checking Account requires a $25 opening deposit. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
SouthSide Bank
The eChecking Account requires a $25 opening deposit. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
SunFlower Bank
The Achievement Checking Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Truist Bank
The Truist Confidence Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Veritex Community Bank
The Verismart Checking Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Vista Bank
The Aspire Checking Account requires a $1 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
WaFd Bank
The Fresh Start Checking Account requires a $25 opening deposit and has a $4 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Best Second Chance Credit Unions in Texas
Both banks and credit unions are financial institutions, but there's a difference in credit unions and banks.
Banks tend to offer a wider range of financial products and services to a larger audience, while credit unions often provide more personalized service and focus on the needs of their specific membership community.
Credit union membership may be contingent upon strict requirements that vary depending on the credit union’s objective.
American Airlines Credit Union
The ASCEND Checking Account requires a $25 opening deposit and does not have a monthly service fee if direct deposit is set up. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Chocolate Bayou Credit Union
The Clean Slate Checking Account requires a $0 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Credit Human Federal Credit Union
The Sensible Spend Account requires a $0 opening deposit and has a $3 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Doches Credit Union
The Fresh Start Checking Account requires a $50 opening deposit and has a $0 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
First Central Credit Union
The New Beginnings Checking Account requires a $100 opening deposit and has a $10 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Kelly Community Federal Credit Union
Anyone with a ChexSystems record of less than $800 unpaid is eligible for the Smart Choice Checking that has an $8.00 monthly fee.
Memorial Credit Union
The New Path Checking Account requires a $5 opening deposit and has a $10 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Neighborhood Credit Union
The Fresh Start Account requires a $25 opening deposit and has a $20 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Premier America Credit Union
Premier America Credit Union offers a “Fresh Start” checking account for people with past ChexSystems records. The minimum deposit required to open an account is $25 and the monthly service fee is $13 without direct deposit or $10 with a minimum $200 monthly direct deposit.
Prestige Community Credit Union
The Fresh Start Checking Account requires a $0 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
River City Federal Credit Union
The Fresh Start Checking Account requires a $25 opening deposit and has a $5 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
SELECT Federal Credit Union
The Fresh Start Checking Account requires a $25 opening deposit and has a $10 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Shell Federal Credit Union
The Boost Checking account only requires a $1 minimum opening deposit.
Texas People Federal Credit Union
The Opportunity Checking Account requires a $100 opening deposit and has a $7 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
Unity One Credit Union
The Clean Start Checking Account requires a $50 opening deposit and has a $10 monthly service fee. Customers have free access to online banking, mobile deposit, bill pay and account alerts.
United Heritage Credit Union
The Choice Checking account requires a $20 minimum opening deposit and has a $10 monthly service fee.
