Second chance bank accounts are those accounts that do not utilize ChexSystems facility to screen the applicants and are mainly for individuals who require another opportunity to show that they can employ their financial balance mindfully. You can use second chance bank accounts to get over into regular checking or savings account. Here are the best five-second chance bank accounts that are worth investigating on the off chance that you’ve been denied before.

Wells Fargo

Wells Fargo’s Opportunity checking and savings account is uniquely intended for clients who have not been able to open a checking account because of their earlier banking or credit history.”Does this sound something like what you require? If you have a Wells Fargo branch close-by, this alternative may be beneficial for you. Here are the details you need:

• A simple requirement of $50 to open
• Free exchanges are accessible between Opportunity Savings and Checking accounts.
• You can opt for overdraft protection
• Free access to pay bills
• A “Spending Report with Budget Watch” is made available on the on a chance that you need to give careful consideration to where your cash is going
• Free debit card which has access to 12,500 Wells Fargo ATMs in the nation
• Just $10 monthly service fee, that too if any of the following are applicable
• You make 10 debit card buys or payments
• You keep a minimum everyday balance of $1,500 on your account
• On each statement cycle, you get $500 as direct deposit
• Some other charges you have to be aware of (particularly since you’re attempting to develop your reputation back)
• $35 overdraft and returned product charges
• $12.50 overdraft protection and the transfer/advance charge
• $15 charge for the excess activity (for the savings account exceeding withdrawals)
• 3% international transaction charge with your debit card
• $5 for each money order
• $31 for the stop installments

BBVA Compass

BBVA says it’s purely committed to giving clients a second chance, yet it doesn’t offer ” a special” account for this reason. It’s Easy Checking and the Compass ClearChoice Free Checking and Saving accounts are all made available for those applicants who require a second chance account. Remember BBVA is just accessible to the residents of Texas, Arizona, Californian, New Mexico, Alabama, Colorado and Florida.

Details of Compass ClearChoice free checking accounts:

• Mobile banking and online banking facilities are offered for free, free alerts as customized by the clients, free paper and online statements, and a free (personalized) debit of card
• A minimum deposit of $25 to open
• No month to month charges
• ATMs of BBVA are free; often a $2.50 expense will apply as of February 18, 2016 (an increase from $2 charge)
• Insufficient funds cost of $38 ($32 in case of California)
• Deposit item returned fee as of February 18, 2016 (a $6 increase in charge)
• Stop payment fee of $32 made in person or via phone ($30 if you are in California), $25 for payments made online.
• No charge for shutting your account within a term of 180 days of opening your account.
• Dormant account fee of $5 (applicable only to customers in New Mexico, Arizona, and Alabama)

ClearChoice savings details:

• A minimum deposit of $25 to open
• A quarterly service charge of $15, waived if you have: opted for an automatic monthly amount transfer of $25 or more from your BBVA checking account to your savings account, or a $500 or greater minimum balance.
• Paper statements charge $3
• Excess withdrawal charge of $3
• Quarterly dormant account fee of $15
• $25 early account closure fee (holding the account for first 180 days)

By some reason, if you are unable to meet all requirements to open a ClearChoice account, you will be given the alternative to open an Easy Checking account. You can’t really apply to open this account straightaway; BBVA has insisted it as a backup plan. Here are the details:

• Monthly service charge of $13.95
• Paper statement charge of $3
• $10 charge for a Visa debit card
• $25 at least to open
• Others network ATM charges of $2.50 from February 2016
• $25 early account shutting charge (if shutting an account within the period of 180 days of opening)
• Dormant account fee of $5 (only for residents of Arizona, New Mexico, and Alabama)

Woodforest National Bank

Woodforest National bank is offering a similar kind of second chance checking account. Their branches are situated in Alabama, Maryland, Florida, Georgia, Illinois, Indiana, New York, Kentucky, Louisiana, Mississippi, West Virginia, North Carolina, Ohio, Texas, Pennsylvania, South Carolina and Virginia.

Here are the details regarding second chance checking accounts:

• Opening minimum deposit of $25
• $9 single time “setup” charge
• $11.95 month to month maintenance charge, $9.95 for monthly direct deposits
• Free ATM withdrawals from any Woodforest ATMs, $2.50 charge for other network ATMs
• Insufficient assets fee of $29
• Paper statement charges of $3
• Stop payment fare $35
• $25 early account close charge (if the account is closed within 180 days of opening)
• $15 debit card “setup” expense