If you are in ChexSystems or EWS open a new account at a New York No-ChexSystems bank. Some credit unions in New York even offer second chance checking and there’s always the option of online checking accounts at No ChexSystems banks. According to a 2015 study by the Urban Institute, 360,000 households in New York City are unbanked and 780,000 are underbanked.
In 2015, 11.7 percent of New Yorkers were unbanked, compared with 7.7 percent of US households. New York ranks among the highest in unbanked households. 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 New York may have second chance checking accounts or may be a New York 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.
New York Online Checking Accounts for Bad Credit
BBVA Compass offers an online checking account with No ChexSystems. It’s a fee-free account that makes it easy to manage your money on the go with mobile banking. You can access your account for free through a computer, tablet 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 offers 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 – the higher your balances, the greater your interest-earning possibilities. Open today.
New York Second Chance Checking Accounts and New York Non ChexSystems Banks
Union Bank does use ChexSystems; however, they will open an account for you if the ChexSystems record is 1 year old, has been paid and does not indicate fraud. If the ChexSystems record is 3 years or older, Union Bank will disregard the record as long as it does not indicate fraud. The minimum opening deposit is $100.
A Savings Account is required to join. There is a minimum $5.00 required to open plus a $20.00 application fee.
A Fresh Start Account is available that requires but deposits will be subject to “exception” holds under a check hold policy for Fresh Start account holders. If the Fresh Start account overdraws during the 6-month period, it may be closed immediately or the exception hold period may be extended. The Alternatives VISA Debit Card is not available for a savings account, or for the first three months of a Fresh Start checking account. After three months of maintaining a problem-free checking account, you may apply for the Debit Card.
The Rewards Card Checking offers deposit of payroll or government benefit with a monthly fee of $4.95 and $7.95 per month without direct deposit, you’ll receive a checkbook and Mastercard® debit card with no overdraft fees or ATM fees! Free nationwide ATM access at over 55,000 Allpoint®.
Woodforest offers a “Second Chance” account. The minimum opening deposit is $25.00. There is a monthly service charge which breaksdown as follows: $7.95 with direct deposit(3); $9.95 without direct deposit and a $9.00 one-time account set up fee.
You may want to review a List of Second Chance Checking Accounts and Non-ChexSystems Banks in other States.