Best Second-Chance Checking Accounts

Rebuild your banking history with one of these second-chance checking products.

If you’ve had issues with a checking account in the past and have been denied the privilege of opening a new one, you should consider second-chance accounts. Second-chance checking accounts could be the ticket to your rebuilding your account history with a reputable bank or financial institution.

When you’re looking for a second-chance checking account, shop around to make sure you’re getting the best services and options. Some banks even enable you to upgrade to a regular account if you keep your second-chance checking account in the black.

Review these 16 banks that offer second-chance checking accounts and learn about some of the best second-chance bank account options available. Once you choose the one you want, make sure you manage it well so you remain in good standing with your financial institution and avoid paying hefty fees.

Here are the best second-chance checking accounts:

Best Second-Chance Checking Accounts
BankChecking AccountMin. Opening DepositMonthly FeesMin. Monthly BalanceInsufficient Funds FeeLearn More
Montgomery Bank New Start CheckingMontgomery BankNew Start Checking$20$0None$33Learn More
Unify Federal Credit Union 2017Unify Financial Credit UnionRight Start Checking$25$0None$30Learn More
HomeStreet BankHomeStreet BankBank On Checking$50$0None$30Learn More
First National Bank & Trust CompanyFirst National Bank & TrustRenew Checking$25$7.95-$9.95None$31Learn More
FarmersMerchantsStateBank-2017Farmers & Merchants State BankClean Start Checking$50$7.95 or $9.95None$33.50Learn More
City National BankCity National BankBounce Back Checking$25$6.99-$8.99NoneWaived first 2 times, then $36Learn More
Centennial BankCentennial BankOpportunity 100 Checking$100$9.95-$12.95None$30Learn More
BBVA logo 2017BBVA CompassEasy Checking$25$13.95None$32Learn More
Republic BankRepublic BankChecking Builder$50$7.95-$12.95None$36Learn More
Appalachian Community Federal Credit UnionAppalachian Community Federal Credit UnionFresh Start Checking$20$10None$38Learn More
Fort Worth City Credit UnionFort Worth City Credit UnionIndependence Checking$25$7 (waived with $1,000 min. monthly deposit)None$20Learn More
foothill credit logoFoothill Credit UnionRebound Checking$50$6$50$28Learn More
Wells FargoWells FargoOpportunity Checking$25$0$1,500 to avoid fee$35Learn More
BankoftheOzarks logo 2017 iconBank of the OzarksPathway Checking$50$10None$35Learn More
Webster BankWebster BankOpportunity Checking$50$11.95-$16.95None$37Learn More
Corporate America Family Credit UnionCorporate America Family Credit UnionFresh Start Checking$100$10$100$39Learn More

Montgomery Bank New Start Checking

Minimum opening deposit: $20
Monthly fee: $0

At Montgomery Bank, one of the best banks that offer second-chance accounts, you’ll get unlimited check-writing privileges and no monthly service charges with this account, plus you’ll receive a debit card.

In addition, you’ll have free access to online banking so you can check your balance, coordinate online bill payments and manage your account without calling a teller. To keep banking fees to a minimum, you’ll have a Telebanc account and free MoneyPass ATM access.

Unify Financial Credit Union Right Start Checking

Minimum opening deposit: $25
Monthly fee: $0

If you like to bank with a credit union and need a second-chance checking account, consider Unify Financial Credit Union’s Right Start Checking. You won’t pay any monthly fees or per-check fees, you’ll get overdraft protection of up to $250 and you’ll have free access to online banking services.

You can open your account with $25 and there are no minimum balance requirements to worry about. Keep your account in good standing and you’ll be able to rebuild your banking history sooner than later.

Learn: How to Rebuild Your Credit

HomeStreet Bank “Bank on Program” Checking

Minimum opening deposit: $50
Monthly fee: $0

If you live in Washington and you don’t have a checking account, you can apply for the HomeStreet Bank “Bank on Program Checking” account. The free account comes with no minimum balance requirement and no service charges. You’ll get a Visa debit card that you can use at more than 23,000 ATMs.

You’ll also have online banking privileges and access to the HomeStreet Connect bill pay service so you can make on-time bill payments. Apply for an account at a local branch or by calling the customer service number.

First National Bank & Trust Renew Checking

Minimum opening deposit: $25
Monthly fee: $7.95 to $9.95

Apply for Trust Renew Checking at First National Bank to fix your financials and get benefits that include a debit MasterCard that will earn you rewards and surcharge-free withdrawals at 70,000 Allpoint and MoneyPass ATMs around the globe. You’ll also get online banking, online bill pay, mobile banking and 24-hour Telebank services. As a bonus, you can upgrade to either the “one” checking account or the “Everyday Checking” account if you keep your Trust Renew account in good standing for 12 months.

Farmers & Merchants State Bank Clean Start Checking

Minimum opening deposit: $50
Monthly fee: $7.95 to $9.95

The name of this account says it all. Get a clean start and free, online banking to keep track of your transactions. You’ll never need to worry about minimum balance requirements, and if you sign up for direct deposit you’ll pay only $7.95 per month in fees. You’ll get access to online statements, a debit card, mobile banking and unlimited check writing.

City National Bank Bounce Back Checking

Minimum opening deposit: $25
Monthly fee: $6.99 to $8.99

If you’ve been turned down for a checking account, you might want to apply for City National Bank’s Bounce Back Checking at one of the bank’s branches. No minimum balance is required, and if you end up spending more than you have in your account, you’ll get overdraft fees waived the first two times. Your fees will be lower if you set up direct deposit.

Centennial Bank Opportunity 100 Checking

Minimum opening deposit: $100
Monthly fee: $9.95 to $12.95

Build a better checking account and banking relationship with the Centennial Bank Opportunity 100 Checking account. You’ll receive a debit card and have access to internet banking and free basic bill pay, you won’t have to worry about a monthly minimum balance requirement and you’ll get a free set of personal checks. If you keep your account in good standing for at least 12 months, you can convert it to another Centennial Bank checking account.

BBVA Compass Easy Checking

Minimum opening deposit: $25
Monthly fee: $13.95

Get yourself on a healthier financial track with a BBVA Compass Easy Checking account. You will have unlimited check-writing privileges, you can withdraw funds for free from any BBVA Compass ATM and you’ll receive a complimentary Visa debit card, which you can personalize for $10. Your debit card comes set up with a BBVA Wallet so you can get instant transaction alerts.

Republic Bank Checking Builder

Minimum opening deposit: $50
Monthly fee: $7.95 to $12.95

The Republic Bank Checking Builder account comes with no minimum balance requirement, plus unlimited check writing and check card transactions. You can set up automatic payments to pay your monthly bills on time and manage your account online. If you keep your account in good standing you’ll be eligible to open a Republic Bank savings account.

Appalachian Community Federal Credit Union Fresh Start Checking

Minimum opening deposit: $20
Monthly fee: $10

You can open a Fresh Start Checking account for $20 and not worry about any minimum balance requirement after that. You can write checks for free and you’ll also receive a Visa check card to use wherever Visa is accepted and at 85,000 free ATMs around the country.

Your first order of checks is free and if you’re over 50, you’ll receive free checks for life. If you set up direct deposit, you’ll get your payday check one day earlier. You’ll even get monthly dividends on your balance if it’s $2,500.01 or higher.

Fort Worth City Credit Union Independence Checking

Minimum opening deposit: $25
Monthly fee: $7

If you want to restore your ChexSystems report and banking history, consider opening a Fort Worth City Credit Union Independence Checking account. If you set up a $1,000 aggregate minimum monthly direct deposit you won’t have to pay the $7 monthly fee. You can enroll to get electronic statements and you’ll have free bill pay. In addition, this account might help you learn better money management skills because it charges you a $1 daily negative balance fee if your balance falls below $0.

Find Out: How to Get a Loan With Bad Credit

Foothill Credit Union Rebound Checking

Minimum opening deposit: $50
Monthly fee: $6

Open a Foothill Credit Union Rebound Checking account and you’ll get a free MasterCard debit card, online bill pay and electronic statements. You can also order checks for a fee. You must maintain a minimum balance of $50 in your account at all times or you’ll pay a $10 monthly minimum balance fee. Keep your account in good standing for one year and you’ll be eligible to upgrade to a no-fee MyChoice Checking account that will earn you interest on your balance.

Wells Fargo Opportunity Checking

Minimum opening deposit: $25
Monthly fee: $10

Get your financials in order with the Wells Fargo Opportunity Checking account. Your monthly fee will be waived if you make 10 debit card purchases and payments, set up direct deposits of at least $500 or maintain a $1,500 minimum daily balance. You will have access to mobile banking so you can bank anytime and you’ll receive a debit card.

See: 9 Banks That Don’t Use ChexSystems

Bank of the Ozarks Pathway Checking

Minimum opening deposit: $50
Monthly fee: $10

The Bank of the Ozarks Pathway Checking account is a non-interest bearing account, but there’s no minimum balance requirement and you’ll get lots of freebies, including a debit card, unlimited check writing, online banking services and online bill pay. You can also opt to receive electronic statements to keep track of your account activity.

Webster Bank Opportunity Checking

Minimum opening deposit: $50
Monthly fee: $11.95 to $16.95

Webster Bank’s Opportunity Checking account comes with a free Visa debit card and online banking and bill pay. You won’t pay any per-check charges and you’ll receive your statements electronically via the eDelivery service.

Once you open an account, you might qualify for a Visa Platinum card, which will give you even more purchasing flexibility. The bank also offers the Webster Secured Visa Card — keep in mind that getting a secured credit card, prepaid cards or prepaid debit cards can help you build your credit. If you set up direct deposit your monthly maintenance fee will be reduced.

Corporate America Family Credit Union Fresh Start Checking

Minimum opening deposit: $100
Monthly fee: $10

The Corporate America Family Credit Union Fresh Start Checking account is designed to help you rebuild your checking history. You’ll have access to tools like an online study course that can help you learn how to best manage your checking account. You must be a member of the credit union to qualify for this account and you need to maintain a minimum balance of $100 in your Regular Share Account to keep your checking account active.

Up Next: Checking Accounts That Don’t Require a Credit Check

Methodology: GOBankingRates.com identified the best second-chance checking accounts by analyzing minimum opening deposit requirements, monthly fees, minimum monthly balances and insufficient funds fees. Data is accurate as of June 2, 2017. All fees and rates are subject to change at the institutions’ discretion. Some bonus offers might no longer be available on the institutions’ websites, depending on how you access the web page.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.