According to the Federal Reserve Bank of St. Louis, the state of Arkansas has one of the highest percentages of unbanked individuals in the nation at 10.1%. If Chexsystems is the reason you are unbanked, get back into banking and stop wasting money at check cashing stores and with prepaid card fees.
Get back into banking. A negative ChexSystems record can remain 5 years unless you successfully dispute ChexSystems to get it deleted. For consumers with an EWS record, it can last for 7 years unless you’re able to successfully dispute EWS.
Small Banks and Credit Unions in Arkansas may have second chance checking accounts or may be a Arkansas Non-Chexsystems Bank. More choices also exist at larger nationwide No-ChexSystems Banks and 2nd Chance Checking Accounts that will give you an opportunity to get back into banking.
Arkansas Online Checking Accounts for Bad Credit
BBVA Compass offers an online checking account that uses Early Warning Services to verify new account holders. It’s a fee-free account that makes it easy to manage your money on the go. You can access your account for free through a computer or smartphone. Another great perk with this second chance bank account is that you not only get to access BBVA Compass ATMs for free, you also get free access to the AllPoint ATM network, which includes more than 55,000 ATMs nationwide.
What else can you expect from this checking account?
- Apply with only $25 opening deposit
- No monthly Service Charge
- Complimentary Online Banking and Mobile Banking, Bill Pay and Online Statements
- No ATM withdrawal fees at any BBVA Compass or Allpoint® ATM
- Compass Bank, Member FDIC
There are great features with the ClearChoice Money Market Account like mobile check deposits, direct deposit, bill payment and ATM banking at BBVA Compass ATMs. The account requires a deposit of $25 to open. A money market account is like your basic savings account except with higher earning rates. That means you grow your money faster. The higher your balances, the greater your interest-earning possibilities. Open today.
Arkansas Second Chance Checking Accounts and Arkansas Non ChexSystems Banks
(Note: This list is not exhaustive and in no way represents all banks that do not use ChexSystems. You may have to visit the bank in-person to open an account.)
Bancorp South runs a ChexSystems report but they offer Second Chance Checking Account with unlimited check writing and a debit card. Open an account with as little as a $50 minimum opening balance.
They offer Opportunity Checking designed to give you a fresh start from past financial challenges. The monthly fee is $9.95 with direct deposit and $14.95 without direct deposit.
They offer a second chance checking called Pathway Checking. The minimum opening deposit is $100 and there is a $10 monthly service fee.
They offer a second chance checking account called Opportunity 100 Checking. The minimum opening deposit is $100. The monthly service fee is $9.95 with direct deposit or $12.95 without direct deposit.
They offer a checking account called Diamond Encore for people who are trying to start over after past mistakes. The minimum opening deposit is $100.00. There is no minimum monthly balance requirement.
First Service Bank does use Chexsystems, EWS, Telecheck or credit report. They offer several checking accounts.
They offer Fresh Start Checking. It takes $50 to open the account. Re-establish your credit. The Re-establish your credit. The $5.95 monthly service charge can be reduced to $2 when you enroll in eStatements.
They do use chexsystems but you can still get an account once you become a member. They do offer an account called Easy Checking for those reported to chexsystems and those with a credit score of less than 600. There is a $9.95 a month if the balance of 200.00 is not maintained. FREE if balance of 200.00 is maintained.
They offer Fresh Start Checking to help you get back on track and is available to members who may not qualify for a regular checking account. You will be required to take a Checking Account Management Education Program. The monthly fee is $10.
They offer a second chance checking account. The ChexSystems record must be less than $300.00. Any previous account charge off or losses to the Credit Union must be satisfied. The monthly service fee of $5.00. Minimum balance to open is $100.00 and it must be placed on hold during the first 30 days.
Southern offers a wide variety of checking accounts and they do not use ChexSystems. Some of the checking accounts options are: No service fees; ATM/Debit Cards; Free unlimited checking; and, No or low minimum balance requirements.
They offer a second chance account called Right Start Checking. Open with a $25 deposit and no minimum balance requirement. Pay no monthly or per-check fees and enjoy Overdraft Protection up to $250.
You may want to review a List of Second Chance Checking Accounts and Non-ChexSystems Banks in other States.