Call 7 days a week(800) 236-7761 Get started
  1. Home
  2. Banking and taxes
  3. Second chance accounts
Back into the banking system

Second chance bank accounts

A denial for a checking account usually traces back to a consumer report about past accounts. You can see that report and still get an account.

Quick answer

A second chance bank account is a checking account for people turned down elsewhere because of past problems, such as unpaid overdrafts, reported in checking account screening reports like ChexSystems. They may have fewer features or a small monthly fee, and many convert to regular accounts after a period of good use. Request your free report, dispute errors and pay off old balances if you can.

Steps

  1. Get your report. You can request a free copy of your ChexSystems report every 12 months and after a denial.
  2. Fix errors. Dispute anything wrong with the reporting company.
  3. Settle old balances. Ask the bank to update the record once paid.
  4. Apply for a second chance or Bank On account. Many banks and credit unions offer them.

Common questions

How long does ChexSystems keep records?

Generally up to five years.

Do credit unions offer second chance checking?

Many do. Credit union accounts are insured by the NCUA up to legal limits.

Is a prepaid card a good alternative?

It can work while you rebuild, but compare fees. A low-cost bank account usually costs less over time.

Where these facts come from

Sources checked October 10, 2026. Programs and rules change; confirm details with the agency or company before you act.

Disclosures

Not a lender. NeededCash.com is not a lender, loan broker, or agent of any lender and does not make credit decisions. We operate a free matching service that shares the information you submit with participating licensed lenders and lending partners, who may contact you with an offer and who pay us a referral fee.

Rates and terms. Each lender sets its own rates, fees, and terms and will disclose them in writing as required by the federal Truth in Lending Act before you sign. Personal and installment loans from lenders in our network typically carry APRs from about 5.99% to 35.99% with terms from 3 to 84 months. Representative example: a $5,000 loan over 36 months at 15.99% APR has 36 payments of $175.76 and a total cost of $6,327.36.

Keep going

See my options Call