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Second Chance Banking: 2020 List of Banks in 50 States for New Accounts

Second chance banking is available in all 50 states. It's a great option for people denied a bank account due to bad credit, Early Warning Services or ChexSystems.

According to the National Consumer Law Center, more than 80% of banks and credit unions use consumer reports from agencies such as ChexSystems or Early Warning Services to help them decide whether to approve bank account applicants.

Benefits of second chance banking 

If you're conducting financial transactions without a bank account, you can rebuild your banking history with second chance banking. Having a bank account can be taken for granted, until you don’t have one.

The hassle of a check cashing store, loading money onto a prepaid card, the fees; not to mention the lack of access to financial products like personal, mortgage or auto loans can impede you from making major purchases.

Nationwide second chance banking

BBVA

BBVA Online Checking available online in ALL states. This account is designed for customers on the go. Manage your account, make transfers, pay bills and deposit checks, view balances, and more — all directly from your smartphone, computer or tablet. Plus, as a perk, you have access to a team of remote bankers you can contact via text, email, or phone. Customers get FREE access to over 55,000 Allpoint ATMs nationwide where cash and checks can be deposited. Use your Visa debit card for everyday purchases to earn cash back.


BBVA Online Checking Features

  • Apply with only $25 opening deposit
  • No Monthly Service Fee
  • Complimentary Online Banking and Mobile Banking, Bill Pay and Online Statements
  • Mobile check deposits
  • Unlimited check writing
  • Send, request and receive money using email or mobile number with Popmoney
  • No ATM Fees at any BBVA or 55,000 Allpoint® ATMs nationwide
  • Cash back rewards checking
  • BBVA USA, Member FDIC

OneUnited Bank

U2 E-Checking available online in ALL States plus they have branches in CA, FL, MA. Minimum opening deposit is $100. Monthly service fee is $12.00. Customers enjoy second chance checking with free online & mobile banking, get cash surcharge free at over 30,000 ATMs nationwide, deposit checks through the mobile app.


U2-Checking Features

  • Open with a $100 deposit
  • Free Online Banking and Mobile Banking, Bill Pay and Online Statements
  • Mobile check deposits
  • Obtain Cash, Surcharge Free at Over 30,000 ATMs
  • Send, request and receive money using email or mobile number with Popmoney

Radius Bank

Essential Checking available online in all states. Minimum opening deposit is $10.00. Monthly service charge is $9.00. Online and mobile banking with direct deposit, free bill payment and customized alerts.

Wells Fargo

Opportunity Checking available in 39 states and Washington, D.C. Minimum opening deposit is $25. Monthly service fee of $10.00. There are three ways you can avoid the monthly fee: (1) Make 10 or more debit card purchases/payments, (2) Have direct deposits totaling $500 or more, or (3) Maintain a $1,500 minimum daily balance.

Memory Bank

Memory Bank Memory Builder Checking requires a $50 minimum deposit to open account. The $8.95 monthly service fee can be reduced to $6.95 if your account meets select criteria. There is an opportunity to upgrade the account after 12 months of responsible banking.

Bank of America

The Safe Balance Account at Bank of America is a type of Second chance banking account where customers are not allowed to write checks. The account comes with a debit card that can be used to make purchases, withdraw cash, pay bills or pay individuals. $25 is required to open the account and the monthly maintenance fee is $4.95.

Regional second chance banking

American Airlines Credit Union

Ascend Checking available in AZ, CA, FL, IL, MA, NC, NJ, NY, OK, PA, TN, TX, TN and DC. Monthly service fee of $9.75 with direct deposit and $12.75 without direct deposit.

Appalachian Community Federal Credit Union

Fresh Start Checking available in KY, TN, VA. Minimum opening deposit is $20. Monthly service fee of $10.

Bank of the Ozarks

Pathyway Checking available in AL, AR, CA, FL, GA, NC, NY, SC, TX. Minimum opening balance is $50. Monthly service fee of $10. The checking account is a non-interest bearing account.

Centennial Bank

Opportunity 100 Checking available in AL, AR, FL, NY. Minimum opening balance is $100.00. Monthly service fee with direct deposit $9.95 and $12.95 with no direct deposit.

City National Bank

Bounce Back Checking available in KY, OH, VA, WV. No minimum balance. Monthly service fee of $6.99 with direct deposit and $8.99 without direct deposit. First two non-sufficient funds fees waived.

CommonWealth One Federal Credit Union

Second chance banking available in DC, MD, VA. Must be opened in a branch office.

Corporate America Family Credit Union

Fresh Start Checking available in AZ, CA, CT, GA, IL, KS, NC, OH, PA, TX, VA. Keep a minimum balance of $100 in your Regular Share Account. Monthly service fee of $10.

Farmers and Merchants State Bank

Clean Start Checking available in IN, MI, OH. Ideal account for rebuilding or establishing credit. Minimum opening balance is $50.00. Monthly service fee of $7.95 with direct deposit and $9.95 without direct deposit.

Fifth Third Bank

Express Banking available in FL, GA, IL, IN, KY, MI, NC, OH, TN, WV. No credit score requirement. Discounted fees of up to 50% on select services based on account usage. No check writing or check deposits at ATMs.

GenFed Financial

Clean Start Checking available in IL, IN, OH. Must have 3 or fewer records with ChexSystem. Plus no outstanding items less than 1 year old. Outstanding balance total of less than $500.

HomeStreet Bank

Bank on Checking account available in AZ, CA, HI, ID, OR, UT, WA. Minimum opening deposit is $50. This is a free account with no minimum account balance required, no monthly service charges and no per check charges.

Hope Credit Union

Easy checking account available in AR, LA, MS, TN. Minimum opening deposit is $25. The monthly service fee of $9.95 can be waived with $200 minimum balance.

InTouch Credit Union

Fresh Start Checking is available in MI, NV, TN, TX, VA. Membership must be established with a $5 deposit into a savings account. Minimum opening deposit for checking account is $50 deposit.

Landmark Bank

Rebound Banking available in MO, OK, TX. Monthly service fee of $9.99. If you keep your checking account in good standing for a full year after opening, you’re eligible to switch to another checking account.

MainSource Bank

Fresh Start Checking available in IL, IN, KY, OH. Monthly service fee of $10.

Park Community Credit Union

Fresh Start Checking available in IN, KY. No minimum balance. Monthly service fee of $12 and a required direct deposit.

PNC Bank

Foundation Checking is not publically advertised but available in AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI, WV.

Premier Bank

Start Fresh Checking is available in DC, MD, VA, WV. Minimum opening balance is $50.00. Monthly service fee of $7.95 with direct deposit and $9.95 without direct deposit. After 18 months, customers in good standing may qualify for a more favorable checking account at Premier Bank.

Republic Bank

Checking Builder is available in FL, IN, KY, OH, TN. Minimum opening balance is $50. Monthly service fee of $12.95 will be reduced to $7.95 with direct deposit or, at least 20 monthly point-of-sale debit card transactions.

Staley Credit Union

Renew Checking is available in IL, IN, TN. Minimum opening balance is $50. Monthly maintenance fee of $7.00.

Union Financial Credit Union

Right Start Checking is available in AL, AR, AZ, CA, CO, IN, KY, MI, MS, NJ, NV, TN, TX, UT, VA, WV. Open with a $25 deposit and no minimum balance requirement. No monthly fees plus overdraft protection up to $250.

Webster Bank

Opportunity Checking is available in CT, NY, RI. Minimum opening balance is $50.00. Monthly service fee of $11.95 with direct deposit and $16.95 without direct deposit.

Woodforest National Bank

Second chance banking is available in AL, FL, GA, KY, IL, IN, LA, MD, MS, NC, NY, OH, PA, SC, TX, VA, WV. Minimum opening balance is $25.00. Monthly service fee of $9.95 with direct deposit and $11.95 without direct deposit. One-time account set up fee of $9.95.

Second chance banking options in 50 States

Alabama

Alabama Credit UnionOn-Track Checking
Avadian Credit Unione-Checking
Azalea City Credit UnionOpportunity Draft
Community Bank & TrustSecond Slice Checking
Family Security Credit UnionGive Me a Break Checking
First National BankCredit Builder
Guardian Credit UnionFresh Start Checking
Gulf Winds Federal Credit UnionMyOpportunity Checking
United BankGateway Checking
West Alabama BankFresh Start Checking

Alaska

True North Federal Credit UnionTrue Options Checking

Arizona

Alhambra Credit UnionBasic Checking
Bank of ArizonaOpportunity Banking
Banner Federal Credit UnionOpportunity Checking
Canyon State Credit UnionTry Again Checking
MariSol Federal Credit UnionBasic Checking
Pima Federal Credit UnionFresh Start Checking
Tucson Federal Credit UnionSecond Chance Checking
Tucson Old Pueblo Credit UnionMission Checking

Arkansas

Bank of ArkansasOpportunity Banking
Diamond BankEncore Checking
Focus BankFresh Start Checking
Red River Credit UnionFresh Start Checking
River Valley Community Federal Credit UnionFresh Start Checking

California

Alliance Federal Credit UnionFresh Start Checking
Alta Vista Credit UnionOpportunity Checking
American United Federal Credit UnionFreshStart Checking
Befit Financial Federal Credit UnionFresh Start Checking
E-Central Credit UnionE-Builder Checking
Foothill Credit UnionRebound Checking
Kern Federal Credit UnionFresh Start Checking
Los Angeles Federal Credit UnionSecond Chance Checking
North County Credit UnionFresh Start Checking
Premier America Credit UnionFresh Start Checking
Priority One Credit UnionNew Leaf Checking
University Credit UnionFresh Start Checking
Ventura County Credit Union: Second Chance Checking
OneUnited Bank: Second Chance Checking

Colorado

Colorado State Bank and TrustOpportunity Banking
Liberty Savings BankClean Slate Checking
NuVista Federal Credit UnionThe Last Chance Checking

Connecticut

Eastern Savings BankRestart Checking
Finex Credit UnionRe-Start Checking
Hartford Federal Credit Union2nd Chance Checking
Tobacco Valley Teachers Federal Credit UnionmyChance Checking

Delaware

WSFS Bank: Fresh Start Checking

District of Columbia

CommonWealth One Federal Credit UnionSecond Chance Checking

Florida

Alabama Credit UnionOn-Track Checking
Axiom BankOpportunity Checking
CenterState BankFresh Start Checking
Central Credit Union of FloridaFresh Start Checking
City County Employees Credit UnionFresh Start Checking
Community First Credit UnionFresh Start Checking
Compass Financial Federal Credit UnionRestart Checking
First American BankFresh Start Checking
First Florida Credit UnionSmart Track Checking
Gold Coast Federal Credit UnionFresh Start Checking
Gulf Winds Federal Credit UnionMyOpportunity Checking
Jax Federal Credit UnionFresh Start Checking
JetStream Federal Credit UnionSecond Chance Checking
Liberty Savings BankClean Slate Checking
McCoy Federal Credit UnionFresh Start Checking
Members First Credit Union of FloridaSecond Chance Checking
Okaloosa County Teachers Federal Credit UnionFresh Start Checking
One South BankOpportunity Checking
OneUnited Bank: Second Chance Checking
Priority Credit UnionRestart Checking
San Antonio Citizens Federal Credit UnionSecond Chance Checking
South Florida Federal Credit UnionAnother Chance Checking
United BankGateway Checking

Georgia

Community Bank & TrustSecond Slice Checking
Doco Credit UnionFresh Start Checking
Excel Federal Credit UnionFresh Start Checking
Georgia United Credit UnionRestart Checking
Georgia’s Own Credit UnionResolution Checking
Health Center Credit UnionFresh Start Checking
Members United Credit UnionAnother Chance Checking
Peach State Federal Credit UnionFresh Start Checking

Hawaii

There were no second chance banking accounts found in Hawaii, however, you can open an online second chance checking account at One United Bank. The U2 E-Checking requires a minimum opening deposit of $100. Another option is an online spending account that can be used as a second chance checking account at Chime.

Idaho

Latah Credit UnionSecond Chance Checking

Illinois

Catholic & Community Credit UnionRebound Checking
First American BankFresh Start Checking
First Eagle BankEagle Fresh Start Checking
First National Bank and Trust CompanyRenew Checking
Marquette BankReStart Checking
Prairieland Federal Credit UnionNot Your Normal Checking2

Indiana

Centra Credit UnionOpportunity Checking
Diamond Valley Federal Credit UnionFresh Start Checking
Evansville Teachers Federal Credit UnionOpportunity Checking
Farmers & Merchants State BankClean Start Checking
Heritage Federal Credit Union2nd Chance Checking
Horizon BankFresh Start Checking
Interra Credit UnionOpportunity Checking
One Vision Federal Credit UnionRising Star Checking
Park Community Credit UnionFresh Start Checking
Regional Federal Credit UnionFirst Step Checking

Iowa

Collins Community Credit UnionTake2 Checking
Federation BankFresh Start Checking
Greater Iowa Credit UnionFresh Start Checking
North Iowa Community Credit UnionFresh Start Debit

Kansas

Central National BankNew Opportunity Checking
United Consumers Credit UnionSecond Chance Checking

Kentucky

C-Plant Federal Credit Union: Second Chance Checking
The Cecilian BankChoice Opportunity Checking
Central BankClean Start Checking
Evansville Teachers Federal Credit UnionOpportunity Checking
First United Bank and Trust CompanyFresh Start Checking
FNB BankStart Again Checking
Heritage Federal Credit Union2nd Chance Checking
Home Federal BankSquare One Checking
Park Community Credit UnionFresh Start Checking

Louisiana

Neighbors Federal Credit UnionBasic Checking
Pelican State Credit UnionHorizon Checking
Southwest Louisiana Credit UnionFresh Start Checking

Maine

Five County Credit Union2nd Chance Checking

Maryland

Central Credit Union of MarylandRenew Checking
Clear Mountain BankStartFresh Checking
Market USA Federal Credit UnionFresh Start Checking
Security Plus Federal Credit UnionRevive Checking

Massachusetts

Alden Credit UnionNo Boundaries Checking
Athol Credit UnionFresh Start Checking
OneUnited Bank: Second Chance Checking
Washington Savings BankOnline Rewards Checking

Michigan

Credit Union OneBasic Checking
Horizon BankFresh Start Checking
Marshall Community Credit UnionFresh Start Checking
Members First Credit UnionFresh Start Checking
Michigan State University Federal Credit UnionRebuild Checking

Minnesota

Minnesota Valley Federal Credit UnionSecond Chance Checking
WESTconsin Credit UnionFoundations Checking

Mississippi

Citizens National BankClean Slate Checking
Gulf Coast Community Credit UnionNew Chance Checking
Magnolia Federal Credit UnionOpportunity Checking
MUNA Federal Credit UnionFresh Start Checking

Missouri

Alliance Credit UnionFreshStart Checking
The Bank of MissouriSelect 2 Checking
Columbia Credit UnionFresh Start Checking
Electro Savings Credit UnionFresh Start Checking
First State Community BankNew Opportunity Checking
Focus BankFresh Start Checking
Health Care Family Credit UnionFresh Start Checking
MobankOpportunity Banking
Montgomery BankMontgomery New Start Checking
St. Louis Community Credit UnionSecond Chance Checking
Town & Country BankOpportunity Checking
United Consumers Credit UnionSecond Chance Checking
United Credit UnionRestore Checking
Wood & Huston BankStartFresh Checking

Montana

Valley Federal Credit UnionOpportunity Checking

Nebraska

Central National BankNew Opportunity Checking
Western Heritage Credit UnionSimple & Free Checking

Nevada

Clark County Credit UnionCheckAgain Checking
WestStar Credit UnionFresh Start Checking

New Hampshire

There were no second chance banking accounts found in New Hampshire, however, you can open an online checking at BBVA or Chime.

New Jersey

Credit Union of New JerseyRight Turn Checking
Jersey Shore Federal Credit UnionFresh Start Checking
United Teletech Financial Federal Credit UnionFresh Start Checking

New Mexico

Bank of AlbuquerqueOpportunity Banking
Lea County State BankOpportunity Checking

New York

Alternatives Federal Credit UnionFresh Start Checking
Centra Credit UnionOpportunity Checking
Financial Trust Federal Credit Union2nd Chance Checking
Fulton Savings BankNew Opportunity Checking
Genesee Valley Federal Credit UnionFresh Start Checking

North Carolina

Alliance Federal Credit UnionFresh Start Checking
American Partners Federal Credit UnionEZ 4U Checking
Charlotte Metro Credit UnionFresh Start Checking

North Dakota

There were no second chance banking accounts found in North Dakota, however, you can open an online checking at BBVA and Chime.

Ohio

Buckeye State Credit UnionSecond Chance Checking
Eaton Family Credit Union, Inc.2nd Chance Checking
Farmers & Merchants State BankClean Start Checking
Hopewell Federal Credit UnionRebound Checking
Kemba Federal Credit UnionFresh Start Checking
Members Trust Federal Credit UnionTrust and Alternative Checking
Sun Federal Credit Union: Fresh Start Checking
Superior Credit UnionFresh Start Checking

Oklahoma

Allegiance Credit UnionFresh Start Checking
Bank of OklahomaOpportunity Banking
Citizens Bank of EdmondFresh Start Checking
Oklahoma Educators Credit UnionFresh Start Checking
TTCU Federal Credit UnionFresh Start Checking
Weokie (Credit Union)Fresh Start Checking
Western Sun Federal Credit UnionFresh Start Checking

Oregon

Point West Credit UnionFresh Start Checking

Pennsylvania

Allegent Community Federal Credit UnionFresh Start Checking
Sun Federal Credit Union: Fresh Start Checking
Utilities Employees Credit UnionSecond Chance Checking
West Branch Valley Federal Credit UnionBack on Track Checking
WSFS Bank: Fresh Start Checking

Rhode Island

There were no second chance banking accounts found in Rhode Island, however, you can open an online checking at BBVA or Chime.

South Carolina

Caro Smart Financial SolutionsRebound Checking
Carolina Trust Federal Credit UnionEncore Checking
HopeSouth Credit UnionFresh Start Checking
Market USA Federal Credit UnionFresh Start Checking
Peach State Federal Credit UnionFresh Start Checking
Vital Federal Credit UnionFresh Start Checking

South Dakota

There were no second chance banking accounts found in South Dakota, however, you can open an online checking at BBVA or Chime.

Tennessee

First National BankCredit Builder
Greater Eastern Credit UnionFresh Start Checking
Holston Methodist Federal Credit UnionSecond Chance Checking
Home Federal BankSquare One Checking
Select Seven Credit UnionSecond Chance Shardraft

Texas

Abilene Teachers Federal Credit UnionRestart Checking
Air Force Federal Credit UnionFresh Start Checking
Allied Federal Credit UnionFresh Start Checking
Associated Credit Union of Texas180 Checking
Bank of TexasOpportunity Banking
Baptist Credit UnionDraft Builder Checking
Chocolate Bayou Credit UnionClean Slate Checking
Diamond BankEncore Checking
First Service Credit UnionFresh Start Checking
Houston Metropolitan Federal Credit UnionFreedom-2nd Chance Checking
Kelly Community Federal Credit UnionSmart Choice Checking
Las Colinas Federal Credit Union2nd Chance Checking
MemberSource Credit UnionSelect Checking
Members Trust Federal Credit UnionSecond Chance Checking
Memorial Credit UnionNew Path Checking
Nascoga Federal Credit UnionFresh Start Checking
Neigborhood Credit UnionFresh Start Checking
North East Texas Credit UnionFresh Start Checking
Peoples BankSecond Chance Checking
Premier America Credit UnionFresh Start Checking
Prestige Community Credit UnionFresh Start Checking
Red River Credit UnionFresh Start Checking
Rio BankFresh Start Checking
Select Federal Credit UnionFresh Start Checking
Southside BankNext Checking
Tarrant County’s Credit UnionFresh Start Checking
United Heritage Credit UnionChoice Checking
Unity One Credit UnionClean Start Checking
Velocity Credit UnionAccess Checking

Utah

American United Federal Credit UnionFreshStart Checking
Cyprus Credit UnionFresh Start Checking

Vermont

There were no second chance banking accounts found in Vermont, however, you can open an online checking at BBVA or Chime.

Virginia

Central Virginia Federal Credit UnionFresh Start Checking
CommonWealth One Federal Credit UnionSecond Chance Checking
Healthcare Systems Federal Credit UnionRenew Checking
Member One Federal Credit UnionSmart Choice Checking
PortAlliance Federal Credit UnionSmart Choice Checking

Washington

MountainCrest Credit UnionFresh Start Checking

West Virginia

Clear Mountain BankStartFresh Checking
West Virginia Federal Credit UnionFresh Start Checking

Wisconsin

Brewery Credit UnionFresh Start Checking
Dane County Credit UnionRelationship Builder Checking
Educators Credit UnionFresh Start Checking
First National Bank and Trust CompanyRenew Checking
Schneider Community Credit UnionFresh Start Checking
Tomahawk Community BankFresh Start Checking
WESTconsin Credit UnionFoundations Checking

Wyoming

Greater Wyoming Federal Credit UnionFreshstart Checking
WyHy Federal Credit UnionSecond Chance Checking
WYO Central Federal Credit Union2nd Chance Checking
Valley Federal Credit UnionOpportunity Checking

Save time and money with second chance banking

The Center for Financial Services Innovation (CFSI) conducted a one-day simulation as to what unbanked people may encounter when trying to conduct basic financial transactions like cash a check, pay rent and utilities. The group included entrepreneurs, nonprofit employees, and banking executives.

They found that a huge chunk of time was utilized waiting in lines at check cashing stores to cash checks, load prepaid cards, purchase money orders and complete money transfers.

In one encounter, the group “ended up waiting for nearly half an hour while the check cashing store decided it couldn’t cash one of the checks.” In addition to the time consumed the group found that conducting financial transactions at check cashing stores and Western Union is costly. A $30 money transfer at Western Union cost $5.

Rebuild your banking history with second chance banking

ChexSystems maintains negative banking history for 5 years while EWS, Telecheck and credit bureaus keep negative information for 7 years. Mistakes happen.

You deserve a second chance banking to get a fresh start.

The banking industry varies when it comes to second chance banking accounts. Second chance banking accounts may come with more limitations than standard checking accounts. Second chance banking accounts are specifically designed for people who have struggled with a checking account in the past but want to get back into banking.

Some banks and credit unions offer second chance banking with limited or no check writing privileges while other financial institutions allow most features of a regular checking account but tack on a monthly fee.

Another option for people who have been denied a checking account is to find non ChexSystems banks that don't use ChexSystems to open checking accounts. Second chance banking might include pulling a ChexSystems report but the bank doesn't hold past mistakes against you.

Avoid negative banking habits

Once your new account is open, avoid habits that contribute to a negative banking history. With online banking tools, you can always pay attention to checking account balances, keep track of all transactions to avoid overdrafts, and monitor your bank accounts.

Participation in a financial management workshop, often online for 60-90 minutes, may be required by some banks and credit unions prior to opening a second chance banking account. These workshops offer good tips on managing a checking account and avoiding actions that can get you in trouble.

Run from second and third-party checks

NEVER, EVER deposit a third-party personal check via ATM or mobile deposit. A 3rd-party check is when a friend or family member endorses a check over to you to cash or deposit. Banks typically don't like 3rd party checks because of the risk associated. If a bank accepts 3rd party checks, they may require both you and the original payee to sign the check in the presence of a teller.

You may even want to be wary of a 2nd-party check from a friend or family member. A 2nd-party check is one written directly to you. Many consumers have innocently deposited a personal check from a friend or family member that ended up as a bounced check. Banks often see these type of transactions as fraud. And for a bank, fraud is similar to bank robbery. Being reported by a bank for fraud is one of the WORST notations on ChexSystems and Early Warning Services, even if it was unintended.

early-direct-deposit-banks
Banking

5 Early Direct Deposit Banks: Get paid up to 2 days faster

Get paid up to 2 days faster with early direct deposit banks. Plus, paydays make people happier than Christmas according to a 2018 Quickbooks PayrollSurvey.

Direct deposit is the easy way to have paychecks deposited electronically into your checking account. Other income such as social security, retirement and employment benefits also qualify for early direct deposit.

Early direct deposit banks are now offering a benefit many prepaid debit cards offered for many years.

Most banks wait until payday to give you access to your money even though employers typically process payroll a few days before payday.

Early direct deposit can be offered because every pay period your employer sends payroll files to the Federal Reserve. The Federal Reserve then notifies your financial institution the amount of your direct deposit along with the date you should receive payroll funds.

Early direct deposit banks immediately make your funds available as soon as the bank receives the notification from the Feds instead of holding on to your money until your pay date.

5 Online Banks With Early Direct Deposit

Online banks that offer early direct deposit give you access to your funds up to two days early so you don’t have to wait to pay off expenses or struggle at the end of a pay period.

1. Axos Bank – Essential Checking

banks-that-offer-early-deposit The Essential Checking Account at Axos Bank offers Direct Deposit Express that enables customers to get their direct deposit paychecks up to 2 days early. Axos Bank is a federally chartered, FDIC-insured, full-service online bank founded in 2000. The Essential Checking Account makes it simple for customers to manage their account from all of your electronic devices. It's a hassle-free, no-fee checking account where customers can make mobile deposits and also deposit cash at any ATM location, nationwide with the Axos Bank debit card. You can open this bank account online with a $25 opening deposit.

Essential Checking Account Features

  • Get paid up to 2 days early with Direct Express.
  • Unlimited domestic ATM reimbursements.
  • No monthly maintenance fees.
  • No annual fee.
  • No overdraft or non-sufficient funds fee.
  • Plus, with your Axos Bank debit card, you can deposit cash at any location, nationwide.


2. Chime Spending Account

The Chime Spending Account allows customers to get their direct deposit up to 2 days early. There is no check writing with this account, but it does not charge monthly fees or overdraft fees. Another place where Chime shines is they have a large free ATM network but unlike Axos Bank, you cannot deposit cash at ATM locations.

Chime Spending Account Features

  • Get paid up to 2 days early with direct deposit.
  • No hidden bank fees.
  • No monthly maintenance fees.
  • Grow your savings automatically.
  • No overdraft or non-sufficient funds fee.


3. Varo Mobile Checking

Varo is a mobile-only banking app with a free checking and high-yield savings. There are no overdraft or monthly fees or minimum balance requirements. Varo also includes a fee-free ATM network, budgeting tools and automatic savings programs. You can deposit cash at 90,000+ retail locations using Green Dot Reload @ the Register but retail service fees apply.

Varo Mobile Checking Features

  • Get paid up to 2 days early with direct deposit.
  • No overdraft fees. (See requirements).
  • No ATM fees at 64,000+ Allpoint® ATMs.
  • No monthly maintenance fees.
  • No foreign transaction fees.
  • No minimum balance fees. And no other fees.

Learn More


4. Radius Bank

Radius Bank is a full-service online bank, with one branch in Boston. Radius Banks features ATM fee reimbursements, high interest rates and a rewards checking where you can earn 1% cash back on signature-based purchases in stores and online (at store checkouts, you select “credit” instead of “debit”). If your balance hits $2,500, a 1.00% annual percentage yield kicks in. If you have $100,000 or more, the rate becomes 1.20% APY.

Radius Checking Account Features

  • You can receive your paycheck up to two days early, depending on your employer.
  • Receive 1.00% cash back on online and signature-based “credit” transactions made with a Radius debit card.
  • Unlimited 1% Cash Back Free ATMs worldwide and unlimited rebates.
  • Earn 1.00% on balances of $2,500-$99,999.99 or 1.20% APY on balances of $100,000 & up.

Learn More


5. GTE Financial

GTE Financial has been serving the Tampa Bay area since 1935, with 23 locations and over 30,000 FREE ATMs. Credit unions are not-for-profit financial institutions focused on member ownership. GTE Financial offers the same products and services as banks except profits are then returned to members in benefits like higher dividend yields, lower rates and fees, new products and services. As one of the nation's largest credit unions membership is available online in all states.

GTE Financial Checking Account Features

  • Get paid up to 2 days early with direct deposit for $3.00
  • $4.95 monthly service fee.
  • Online & Mobile Banking Tools.
  • Free Bill Pay Service.
  • Popmoney to transfer money to friend and family using their email address

Learn More


Stay on top of your bills with early direct deposit

With early direct deposit, you can get your paycheck before the month is up to pay necessities like rent, utilities and cell phone bill – all these essential expenses tend to accumulate at the end of the month. Early direct deposit can prevent you from paying late fees or worse, paying overdrafts that add up.

Boost your savings with early direct deposit

With early paychecks, if you normally get paid on Fridays, you could see your paycheck by Wednesday. Getting your money earlier means more money to set aside for saving, whether it’s for a large purchase or for an emergency fund. To reach your goals faster, open a high-interest savings account.

how-to-write-a-check
Banking

How to Write a Check: 7 Quick Visual Examples

Writing a check may seem difficult but it's actually pretty easy once you get the hang of it.

Just know you're not the only one wondering how to write a check. As banking shifts from traditional to digital, writing checks remains fairly common.

Think of things like paying rent, PTA or some other membership dues or paying bills. Paying with a paper check is an effective and free tool making payments.

While you might not write many checks, it's still an important skill to have.

How to write a check correctly

Here’s what you’ll need to include when you write a check.

  • Use a pen
  • Date
  • Name of the person or company you’re paying
  • Payment amount
  • Signature
  • An optional memo, noting the reason for payment

Step 1: Use a pen

Always write a check with a pen. If you use a pencil, someone can erase what you’ve written and write something different. Banks will cash the check for whatever amount is on the check; so using a pen is imperative!

Step 2: Date the check

Write the date on the line at the top right-hand corner. The date can be written as: Month Day, Year (Sept. 01, 2019 or 9/01/19).You can also write the date: Day Month Year (01 Sept. 2019).

Step 3: Who do you want to pay

Write the name of the person or business you want to pay in the field labeled “Pay to the Order of.” You can also write the word “Cash” if you don’t know the person or organization’s exact name. Whatever you do, NEVER leave this section blank. Also, if you do write the payee as “Cash”, this can be risky if the check is lost or stolen. Anybody can cash or deposit a check made out to “Cash.”

Step 4: Write the payment amount in numbers

There are two spots on a check where you write the amount you are paying. First, you’ll need to write the dollar amount numerically (for example $129.67) in the small box on the right. Be sure to write this clearly so the ATM and/or bank can accurately subtract this amount from your account.

Step 5: Write the payment amount in words

In the field below “Pay to the order of,” write out the dollar amount in words to match the numerical dollar amount. If you are paying $129.67, you can write “One hundred twenty-nine and 67/100” or “One hundred twenty-nine and sixty-seven cents – either way is correct, just as long as it's clear how much you're paying.

Step 6: Write a memo

Filling out “Memo” field is optional. You can use it as a reminder as to why you wrote the check. But, if you're paying a bill, the company may request you to write your account number on the check in the memo section.

Step 7: Sign the check

Sign your name on the line at the bottom right-hand corner using the signature you used when you opened the checking account. Your recipient can’t deposit the funds unless you’ve signed the check.

Steps to take after you write a check

You checkbook should come with a check register. Every time you spend money or make a deposit, keep track of this in your checkbook’s check register.

  • Balance your checkbook. You should always keep track of the money you spend and deposits made to your checking account. Even when you use your debit card, make ATM withdrawals, or use online bill payment – always balance your checkbook.
  • Record checks. When using a check to make a payment, record the check number found in the top right corner of the check along with the date you wrote the check and a short description of the transaction or who you wrote the check to. This helps you keep track of your checks.
  • Do the math. Subtract the amount of any checks, withdrawals, payments and bank fees or add in deposits to the total amount in your account from the previous transaction.
  • Reconcile your bank statement each month. When you receive your monthly bank statement, whether it comes in the mail or you view it online, take the time to balance your checking account. Any differences you notice contact your bank. You want to keep up with every penny.

Check out the best free checking account

how-to-open-bank-account
Banking

How to open a bank account

When you want to know how to open a bank account, you've got to ask yourself a few questions.

One being ⎯ what type of bank account should you open? The other being – should you use a bank or credit union?

There's no argument that banks and credit unions provide the safest place to store your money. Fortunately, whether you choose a bank or a credit union to store your money, the steps to open a bank account are practically the same.

There are several types of bank accounts. Knowing the difference will aid in your decision to open a bank account.

How to open a bank account

Here’s what you’ll need to open a bank account:

1. Photo Identification. Valid U.S. government (Federal or State) issued ID that includes a photo. Example: Drivers License, U.S. Passport or State ID. If you're not a U.S. citizen, you may be able to open an account with identification issued from your home country. Some banks may also require secondary identification such as a credit card.

2. Social Security number. Most banks still require your Social Security number or a Taxpayer Identification Number that you get from the Internal Revenue Service.

3. Proof of Address. Documents like a lease or utility bill with your name and current address can serve as proof of address.

4. Other personal information. This will include your date of birth, physical address, phone number, and perhaps your email address.

5. Initial deposit. You’ll only need this right away if your bank requires a minimum amount to open an account. You can usually fund your new account with a check, debit or credit card, or money order.

    • If funding your new accounts by electronic transfer from another financial institution, you’ll need their routing number and your account number.
    • If funding with a debit or credit card, you’ll need the card number, expiration date, and CVV code.

Types of bank accounts to consider

When you're new to banking start with a basic bank account like a checking account or savings account; or both.

  • Checking accounts. The checking account is mainly for your daily financial transactions. It’s the most liquid kind of account, meaning you’ll be putting money in and taking money out fairly frequently. It will be easy to access via your debit card, ATM, or checks. Consider a free checking account to avoid monthly maintenance fees.
  • Savings accounts. A savings account is for emergency funds or short-term savings goals. Make sure you find a high-yield savings account as the national average savings rate is currently pretty low at 0.09 percent. When you're ready to look at investment products like Certificate of Deposits, Mutual Funds or IRAs you can do a little research and contact your banker for options and advice.

How to choose a bank

5 Best Checking Accounts

 

Final thoughts

There's really no comparison when it comes to the importance of a bank account. From the safety and convenience a bank offers you to the opportunity to build a banking relationship and take advantage of ways to grow your money, having bank account is tantamount to building and maintaining wealth.

online-checking-account-no-chexsystems
Banking

Online Checking Account No ChexSystems: Digital Accounts To Open Instantly

With an online checking account – no ChexSystems, unbanked consumers looking to conduct financial transactions through a bank can open a new account.

With a stronger economy in 2019 and access to online and digital banking, there's no reason for U.S. consumers to be unbanked. If a negative banking history is prohibiting the unbanked from opening a new bank account, there are many banks that don't use ChexSystems.

Wasting money on fees for checking cashing or prepaid debit cards is no longer necessary.

It’s become clear that consumers enjoy smart, safe and convenient ways to bank. Digital banking can be a means by which consumers without a bank association can begin to bank again. Digital banking is not just apps and sites, it's full-service banking that offers customers the best of both worlds.

Benefit from new technology to open an online checking account – no ChexSystems. A ChexSystems record, paid or unpaid, can remain up to 5 years and millions of people are unbanked because they have been flagged as high risk.

An online checking account- no ChexSystems may actually help unbanked consumers manage finances better.  With instant alerts and updates it's easier to keep up with transactions and avoid mishaps that may land consumers in ChexSystems.

Online Checking Account No ChexSystems

1. BBVA Online Checking

Accounts at are available to consumers in ALL States except Alaska and Hawaii. BBVA Bank branches can be found in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.

BBVA Online Checking account’s most popular feature is the rewards program. With the Simple Cash BackSM rewards program you can search for different deals that offer cashback that is deposited directly into your account.

You can open the BBVA Online Checking with a $25 minimum.

BBVA Online Checking Account details

  • No service fees. You won’t pay a monthly fee.
  • Deposit checks online. Mobile Check Deposit for any members who are enrolled in direct deposit with their Chime Spending Accounts.
  • Opening Deposit. Open the checking account with as little as $25.
  • Unlimited check writing. There is still a population of people who write checks for things like mortgage, groceries, rent, utilities and other bills.
  • Large ATM Network. No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs.
  • BBVA Wallet. The BBVA Wallet app manages your payment cards and provides convenient access to them when you need it.
  • ClearBenefits program. This optional program offers roadside assistance, identity theft protection and cell phone protection.
  • FDIC-Insured. Deposits are FDIC insured up to $250,000.

A few things to consider

Overall the BBVA Online Checking Account offers anyone unable to open a bank account due to ChexSystems or bad credit a second chance at banking. However, there are a few things to consider with an online checking account – no ChexSystems:

  • Expensive Fees. Outgoing domestic wire transfer will cost you $30 and incoming domestic wire transfers is $15. Overdraft or Non-sufficient funds fees will cost you $38.
  • Paper statement fee. You’ll be charged $3 per paper statement if you decide not to get your statements online.
  • Low interest rate. When you’re looking for a savings account, you generally want the highest interest rate possible. Unfortunately, BBVA's basic savings account rate is 0.05%. However, if you have at least a minimum deposit of $10,000, you could earn 2.00% with BBVA's Money Market Account.

What makes BBVA stand out in the digital banking arena is that customers get a human connection. Plus, BBVA offers an award-winning interactive app and an easy-to-navigate website that provides a great user experience.

With BBVA you get the best of both worlds, both digital banking and human banking.



2. Chime Spending Account

Online-Checking-Account-No-ChexSystemsAnyone can open a Chime Spending Account. Chime customers get a Chime Visa® Debit Card, a spending account, and an optional savings account.

Chime’s most popular feature is early direct deposit. Customers with direct deposit can get paid up to 2 days early. Customers enjoy free online checking account – no opening deposit and no overdraft fees.

You can earn instant cash back on purchases from specific retailers, or in general categories like groceries, entertainment, utilities.

Enroll in Chime’s automatic savings program so that every time you make a purchase or pay a bill with your Chime Visa® debit card, you’ll be adding to your savings account. Chime automatically rounds up transactions to the nearest dollar and transfers the difference into your savings account.

Chime spending account details

  • No service fees. You won’t pay a monthly fee.
  • No overdraft fees. Any purchases that would bring your balance below zero would just be denied..
  • Get paid early. Set up Direct Deposit and receive your paycheck up to 2 days earlier than your co-workers.
  • Deposit checks online. Mobile Check Deposit for any members who are enrolled in direct deposit with their Chime Spending Accounts.
  • No deposit required. Open a Chime spending account with $0 dollars.
  • Optional savings account. Save money automatically every time you make a purchase or pay a bill with your Chime Visa® Debit Card. Chime rounds up transactions to the nearest dollar and transfers the round up from your spending account into your savings account but don't expect to earn a high interest rate. Chime's savings rate is currently 0.1%.
  • FDIC-Insured. All deposits into your Chime Account are FDIC insured up to $250,000 through our partner, The Bancorp Bank, Member FDIC.

A few things to consider

Overall Chime Spending Account offers anyone unable to open a bank account due to ChexSystems, EWS or bad credit a second chance at banking. However, there are a few things to consider with an online checking account – no ChexSystems :

  • Wire transfers. Chime does not currently allow wire transfers.
  • Paper statement fee. You’ll be charged $3 per paper statement if you decide not to get your statements online.
  • Bank transfers to Chime accounts. You can link an external bank account you own to your Chime spending account. But Chime only supports a handful of major banks for this transfer service, i.e. Bank of America, Chase, Wells Fargo, Citi, US Bank, USAA.
  • No check writing. Chime members do not get a checkbook. However, Chime will draft a check on your behalf and send it anywhere in the United States. Checks typically take 3-9 business days to arrive.
  • Low interest rate. When you’re looking for a savings account, you generally want the highest interest rate possible. Unfortunately, Chime is at the bottom end of the spectrum — 0.01% APY.

What makes Chime stand out in the digital banking arena is that customers get a human connection also. While Chime's technology is cutting-edge and most transactions can be completed on the App, Chime offers a human experience too. Chime's representatives understand digital bank customers want and sometimes need to speak to a human banker.

bbva-bank-review
Banking

BBVA Compass: Facts About BBVA Bank Checking and Savings

BBVA Compass, now known as BBVA Bank opened its doors in the United States on March 2, 1964, with a branch in Birmingham, Alabama as Central Bank & Trust Company.

BBVA Bank has grown to one of the nation's top largest banks, with branch locations throughout Alabama, Arizona, California, Denver, Florida, New Mexico, and Texas. But don't worry, BBVA Bank makes it easy for online banking customers to access a variety of full-service financial products.

As a leader in mobile banking, BBVA Bank offers full-service online banking with products available to residents in all states, except Alaska and Hawaii.

BBVA Bank was recognized by Javelin Strategy & Research as a Leader in its Mobile and Online Banking awards in the key categories of Customer Service & Ease of Use for mobile banking and Financial Fitness for online banking in 2018 and 2019.

With more than 50 years of service under its belt, BBVA has maintained excellent customer service efforts along with its lending commitment to small business owners.

You can become a bank customer without ever having to step foot in a branch. BBVA Bank (formerly known as BBVA Compass) offers a variety of financial products that include Checking, Savings, Money Markets, CDs, Credit Cards, Personal and Business Loans, IRAs, Mortgages and a variety of investment products.

BBVA Bank Checking Accounts

BBVA Compass began offering a completely free checking account in 2015. Online banking customers, as well as in-branch customers, can open BBVA Bank's free checking account.

BBVA Free Checking Account Details:

bbva-bank-review
Banking

BBVA Banking: Easy Online Access to Full Service Bank Products

bbva-bank-review

BBVA banking online offers many of the same services customers enjoy in branch locations.

Ranking among the top 25 largest US Commercial banks, BBVA Bank's mobile banking app won the national Javelin award for three years in a row. BBVA banking makes it easy for customers to access a variety of full-service financial products on your mobile device.

BBVA is headquartered in Birmingham, Alabama with branch locations in Alabama, Arizona, California, Denver, Florida, New Mexico and Texas.

BBVA is known for a number of financial products and services, including their second chance banking option.

With more than 50 years of service under its belt, BBVA has maintained excellent customer service efforts along with its lending commitment to small business owners.

Even though it operates in only seven states, customers enjoy the benefits of a full-service bank. You can become a bank customer without ever having to step foot in a branch. BBVA banking offers a variety of financial products that include checking, savings and money market accounts, CDs, IRAs, mortgages and a variety of investment products including mutual funds, lifetime income solutions and various insurance options.

The bank also offers an award-winning interactive app and an easy-to-navigate website that provides a great user experience. In 2019, BBVA was recognized as a 6-time award winner in mobile and online banking by Javelin Strategy & Research for its Banking App in categories of Customer Service and Ease of Use.

BBVA Online Checking Review

Online Free Checking Account – No Monthly Fees

Stop wasting money on fees, open an online free checking account at BBVA and enjoy no monthly service fees, plus full-service features. With the average monthly checking fee at $12, you could save $144 a year with free checking. There are no strings attached to BBVA's online free checking account and you never have to worry about fulfilling any monthly requirements to waive fees. If you’re tired of getting nickel and dimed for using your own money, open an online free checking account.

No ATM Fees for Out-of-Network ATMs

At BBVA customers enjoy NO ATM fees at 55,000 Allpoint® and BBVA ATMs worldwide. Money saved with FREE ATMs can add up quickly. The average cost for using an out-of-network ATM hit a record $4.69 per transaction. And the cost keeps rising. At BBVA customers enjoy NO ATM fees at 55,000 Allpoint® and BBVA ATMs worldwide.

Online Banking

Online banking makes it easier to manage your money. You have access to everything you need in one place. Check account balances, view transactions, download monthly statements, track accounts you have linked from other banks, easily make payments and transfers, and more — all quickly and conveniently. You can also use online banking to request stop payments, print financial documents, and apply for new accounts.

Mobile Banking

Deposit checks with ease from your mobile device.  Manage your bank account, make transfers, pay bills and deposit checks*, view balances, and more — all directly from your smartphone. For 2019, Javelin Strategy & Research recognized for the 6th time, the BBVA Mobile Banking App as a “Leader” in the key categories of Customer Service and Ease of Use.

Bill Payment

Customers enjoy convenient access to Mobile Bill Pay and Picture Bill Pay. Whether it is a recurring payment or a one-time payment, the BBVA Mobile Banking app makes paying your bills hassle free.

Unlimited check writing

Pay bills online with one-time payments or set up recurring payments with Bill Pay — no more stamps, checks, or late payments. Make transfers from your computer in minutes. Move money between your accounts at BBVA and other banks. You also have the option to safely transfer money to others, set up one-time or recurring transfers, send wires, and make international transfers. But customers enjoy unlimited check writing if you don't like the idea of online bill payment.

Second Chance Banking

If ChexSystems record has prevented you from opening a bank account, the fact that BBVA offers a second chance banking also sets them apart from other banks. Unlike many big banks, BBVA is willing to work with people who have a less-than-perfect banking history.

Cash Back Rewards Checking

You have the option to customize your debit card with your favorite photo. Plus add a card for your family member. But more importantly customers can earn checking account cash back rewards with everyday purchases. Offers are tailored based on your spending behaviors, so you earn cash back on things you want most. Cash back earned will be automatically applied to your account the following month.

Send Money with Ease

Easily send, request, or receive money from anyone in the U.S., regardless of where they bank. Payments can be delivered in 1-3 days or instantly to an eligible debit card. All you need is an email address or mobile phone number to send money to anyone in the U.S., regardless of where they bank. The money is sent directly from your account to theirs.

Send money internationally

Send money internationally to friends and family through the BBVA Mobile Banking app with Secure Send℠. Safely send money money home from the comfort of yours. Transfer money internationally. Connect to one of the largest and safest money transfer banking networks in Mexico and Latin America in addition to more than 20 countries, including China, India, the Philippines, and Vietnam.

Personalized banking team

BBVA offers personalized banking services for online account holders. BBVA has a team of dedicated professional relationship advisers—at no extra cost to you. Your team will be focused on understanding your needs and helping you find the right financial tools for your online bank account. You will have access to your team via text, email, or telephone.

You can't go wrong with the BBVA Online Checking online free checking account. With the many features in addition to being an online free checking account, there are no ATM fees at 55,000 Allpoint machines. These benefits alone are worth it. Open a BBVA online free checking account today.

BBVA Money Market Account Review

Earn 2.00% APY

BBVA's exclusive online-only Money Market Account requires $25 to open but in order to earn 2.00% APY you must have a balance of $10,000. Interest compounds and is credited monthly. Enjoy all the benefits of a traditional savings account with a higher interest rate to grow your money faster.

ATM For Easy Access to Funds

An ATM card comes with the BBVA Money Market Account. BBVA ATMs are free for customers but there is a $3 charge for using an ATM outside of BBVA USA's ATM network.

Limited Withdrawals

Federal law limits you to six monthly savings (Money Market Accounts are considered Savings Accounts) transfers or withdrawals. If you go over the limit there may be a fee or the bank can choose to convert your account into a checking account. The six-transaction limit does not apply for withdrawals or transfers made at ATMs or transactions made in person at the bank.

Online & Mobile Banking

The BBVA Money Market Account gives you access to online and mobile banking. Mobile check deposit is available as well as the ability to manage your bank account, make transfers and pay bills and deposit checks.

$15 Monthly Service Charge

Consider the monthly service charge before opening this account, it's on the high end. However, the monthly service charge can be waived when you take one of the actions below:

  • Maintain a minimum daily collected balance for each month of $10,000 or more -OR-
  • Set up an automatic, recurring monthly transfer of $25 or more from a BBVA checking account to your BBVA Money Market account.
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