Households in Connecticut that are living without a bank account or, have a bank account with limited services continues to grow. In 2017, one in 5 Connecticut households is unbanked or underbanked, according to data compiled by the Federal Deposit Insurance Corporation. People without any type of account climbed in the state over the past six years.
Connecticut ranked 21st in the nation in the percentage of unbanked households. In the Hartford-East Hartford-West Hartford metropolitan statistical area, a slightly higher percentage of households are unbanked or underbanked – 25.6 percent. In the New Haven-Milford MSA, that percentage is slightly lower than statewide, at 19.5 percent. The Bridgeport-Stamford-Norwalk MSA is lower still, at 18 percent.
For households living without a bank account it can be challenging to cash checks, pay bills and establish credit. Too much money is being spent on alternative financial services like checking cashing stores, prepaid debit card fees and money orders. Open a bank account at a No-ChexSystems bank in Connecticut today.
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 Connecticut may have second chance checking accounts or may be a Connecticut 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.
Connecticut Online Checking Accounts for Bad Credit
BBVA Compass ClearConnect Free Checking
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
BBVA Compass ClearChoice Money Market
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.
Connecticut Second Chance Checking Accounts and 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.)
Community Credit Union of New Milford
They offer free checking with no minimum balance, no service restrictions, no trial periods ChexSystems is used but it depends on what the ChexSystems report contains. Fraud is typically a deal breaker and it’s always best to have paid any bank owed. Anyone eligible for a membership can open a Savings Account.
Corporate America Family Federal Credit Union
They offer a Fresh Start Checking Account that gives you the chance to rebuild a positive checking account history. You must keep a minimum balance of $100 in your Regular Share Account. There is $10 monthly fee.
COREPLUS Federal Credit Union
A ChexSystems report is pulled but you may be able to open a checking if fraud is not indicated and the bank has been paid. Any eligible member can get a savings account regardless of ChexSystems.
Eastern Savings Bank
Eastern Savings Bank offers a Restart Checking Account available to individuals with paid ChexSystems records with no fraud indicated. Open this account with just $25 and enjoy. There is o minimum balance requirement. The monthly service charge is $6.95.
Enfield Community Federal Credit Union
A ChexSystems report is pulled but you may be able to open a checking account depending on what’s in the report. Fraud typically is a deal-breaker. And, it’s best to have the records paid. Anyone eligible for membership can open a Savings Account.
FineX Credit Union
Finex Re-start Checking gives you exactly a second chance at banking. It’s the opportunity to make a fresh start even if you’ve had issues with your checking accounts in the past. No minimum balance and Monthly service fee of $15. The account is available for any Finex member who has one occurrence on ChexSystems for an amount equal to or less than $500 with the occurrence taking place more than 12 months from new account opening. Direct deposit or a current phone bill is required to open the account.
Hartford Federal Credit Union
2nd Chance Checking is designed to assist members who do not qualify for the regular checking account due to prior checking activity. There is a $5 monthly service fee but after a period of responsible use, members are able to transition to Classic Checking.
Jewett City Savings Bank
They do use Chexsystems but if the account is paid and does not indicate fraud you can open a checking
A debit card may not be issued for the first 3 months to be certain the account stays in good standing.
Nutmeg State Financial Credit Union
They offer a Second Chance Checking Account.
Rockland Trust
They use chexsystems but if the reporting bank is paid and no fraud is indicated they will probably open the account. For best results there should only be one reporting bank
Seasons Federal Credit Union
They use Chexsystems but anyone that is eligible for membership can open a savings. For a checking they may open an account if no fraud is reported and the debt to the reporting bank is paid.
Sikorsky Credit Union
They use Chexsystems but anyone eligible for a membership can get a savings account. For a checking account, it would depend on the record. For best results: Only one reporting bank, no debt owed to reporting bank and no fraud indicated.
Webster Bank
Webster Bank uses a ChexSystems report to open accounts but they offer a second chance account called Opportunity Checking. There is a $50 minimum opening deposit required. The monthly service charge is $16.95 without direct deposit and $11.95 with direct deposit.
Westerly Community Credit Union
They offer a Second Chance Checking Account for a 10.00 monthly fee.
You may want to review a List of Second Chance Checking Accounts and Non-ChexSystems Banks in other States.
