The reasons people are unbanked can vary. In Iowa, the Bank-On Program negotiates with banks and credit unions in local communities to reduce barriers to banking and increase access to the financial mainstream.
Residents can find many Iowa banks that don’t use ChexSystems along with Iowa 2nd Chance Checking Accounts. Bottom-line, Iowa second chance checking accounts can help you get back into banking.
Living without bank account causes families to look toward alternative financial services like check cashing store to conduct financial business. But not have a bank account also hinders families from building savings and assets to respond to emergencies.
Iowa Second Chance Checking
BBVA offers an online checking account that utilizes EWS to verify new customers. It’s a no monthly Service Charge account that makes it easy to manage your money on the go with mobile banking. Customers enjoy free checking, unlimited check writing, cashback in categories like gas and groceries throughout the year. Free ATMs at BBVA and at 64,000 AllPoint ATMs in the network. Bill payment and mobile check deposit also included, you can even deposit cash at some AllPoint ATM locations.
What else can you expect from this checking account?
- Apply with only $25 opening deposit
- No monthly Service Charge
- Earn cash back on everyday debit and credit card purchases
- Complimentary Online Banking and Mobile Banking, Bill Pay and Online Statements
- No ATM withdrawal fees at any BBVA or Allpoint® ATM. Deposit cash at some AllPoint ATMs.
- BBVA USA, Member FDIC
Chime Bank is primarily a spending account to conduct your daily expenses that anyone can open. Get paid up to 2 days early with early direct deposit. Other features include no overdraft fees and no monthly service fees. If you need a check written, Chime Bank will create and mail a paper check for you at no charge. No opening deposit required. If you open a savings account too, you can save money when you make a purchase or pay a bill with your Chime Visa® Debit Card. Chime will round up transactions to the nearest dollar and transfer it to your savings account.
Iowa Second Chance Checking Accounts and Iowa Non ChexSystems Banks
Bank of the West does run a ChexSystems report but they have a second chance banking program called “Fresh Start.” Your Chexsystem listing must be older than one year and it cannot be for fraud. Basic checking has a $10 monthly fee but it is waived when you: Maintain an average monthly balance of $1000; Receive a direct deposit of $250; or Use your Bank of the West Debit Card for 10 or more purchases during each statement cycle.
Look for the Bank On sign at a bank or credit union in your community. Alliant Credit Union is a partner in the Bank-On Iowa Program. Alliant offers checking account with several features including no monthly service fee, free checks, mobile banking, online banking, bill pay services and a Visa Debit Card.
Make sure you request to be part of the Bank-On Program. The basic checking account is free but requires a minimum $25 opening deposit. Online banking, bill pay and direct deposit is available but there is a $2.50 charge for paper statements unless you enroll in eStatements.
IntegrUS Credit Union is part of the Bank-On Program. Members enjoy a checking account with no monthly or annual maintenance fees, a free MasterCard debit card, free IntegrUS online banking featuring personal financial tools, estatements, text and email account alerts, free iPay Bill Pay and more.
As part of the Bank-On Program Dupaco Community Credit Union offers a free checking and an interest-bearing checking account, a free MoneyCard (that’s our Debit/ATM card) that allows you to make purchases anywhere MasterCard is accepted. You can also access your account from Dupaco-owned ATMs (fee-free!), or any of the thousands of Privileged Status ATMs nationwide.
Keystone Savings Bank only uses Telecheck to open accounts. They offer a variety of deposit account products.
Exchange State Banks says they offer checking and savings accounts that work for just about anyone. They do not use ChexSystems, Telecheck, EWS or a Credit report.
They do not use Chexsystems but they do run a Transunion credit report and look at your overall credit. If you don’t qualify, they have a program called Get in Balance. The Get in Balance program requires you to take an online checking account course.
R.I.A Federal Credit Union runs a credit report to open a checking or savings account. They offer several types of checking account products.
Farmers State Bank offers a variety of checking accounts but while they don’t use ChexSystems, an Equifax credit report is run. Customers should have a minimum 600 credit score.
At Peoples Bank, you’ll find six checking accounts with varying benefits to help practically anyone manage their finances better. They use credit reports to qualify customers.
MBT Banks uses Equifax to qualify customers. They offer a variety of checking accounts.
State Bank does not use ChexSystems to open accounts but they do run a credit report and require a minimum credit score of 675 to open accounts.
Four different checking accounts are offered. They require proper ID and run a credit report.
Dewitt Bank and Trust offers checking, savings, bill pay and more. They run a credit report to open accounts.
Farmers Trust and Bank offers a variety of checking account products, they are a no-chexsystems bank but a credit report is run to qualify new customers.
They use a credit report to qualify new customers. North Star Community Credit Union offers checking and savings accounts.
Midland Credit Union runs a credit report to qualify new customers, they offer both checking and savings accounts.
Community Bank does not use ChexSystems. They run a credit report to qualify new customers and require proper identification along with a Social Security card.
Farmers Savings Bank and Trust does not use ChexSystems, they run a credit report to open new accounts. New customers can choose from a large variety of checking and savings account products.
Iowa State Bank and Trust runs a credit report to open either their checking or savings accounts.
A credit report is used to determine new accounts. Clarke County State Bank offers several checking account products.
Home State Bank runs a credit report to open a checking account. They don’t require a credit report when opening a savings account.
Cedar Falls Community Credit Union does not use ChexSystems to open a checking account, a credit report is pulled.
Frontier Savings Bank runs a credit report. They offer four checking accounts to choose from.
Ackley State Bank does not use ChexSystems, a credit report is used to qualify new accounts to open checking accounts.
Farmers and Merchants Savings Bank will run a credit report to open new accounts. A variety of checking account products is available.
First Trust and Savings Bank runs a credit report to open new accounts. They offer several checking and savings account products.
Hills Bank and Trust Company will run a credit report to open new accounts. A minimum credit score of 580 is required.
Collins Credit Union offers a 2nd chance checking account called Take2 Checking. It comes with all the features of a regular checking account but there is a $9.95 monthly fee. Good for customers looking to rebuild credit. After 12 months in good standing with a Take2 Checking Account, you may qualify for a traditional Collins Community Credit Union checking account.
Federation Bank runs a credit report to open new accounts. Customers needing a second chance checking account can open the Fresh Start checking account. The minimum to open the second chance account is $250 plus a $6.00 monthly service fee.
River Community Credit Union does not use ChexSystems, a credit report is pulled to open a checking but it is not required for a savings account.
They offer a second chance checking checking account called the Fresh Start Account. There is no minimum opening deposit required but the monthly fee is $5.
Non-ChexSystems Banks by State
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia