Pennsylvania has a high number of unbanked consumers. Approximately 14.3% of Philadelphia residents are unbanked. In Pittsburgh more than 10% of residents have no bank account according to FDIC. The unbanked rely on prepaid cards, check cashing operations and even payday lending to provide financial services. Relying on payday loans and check cashing operations is a costly alternative.
It is important for consumers to have long-term financial stability while building wealth. Traditional banking services offer a greater chance for families to achieve their financial goals. If you are a Pennsylvania resident you may be able to open a non-chexsystems bank account or second chance checking account in your area.
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 Pennsylvania may have second chance checking accounts or may be a Pennsylvania 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.
Pennsylvania 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
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Chime 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 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.
Pennsylvania Non-ChexSystems Banks and Fresh Start Checking
United Bank offers several checking accounts and they do have a free account for everyone. The “United FREE Checking offers No minimum balance; No monthly service charge; No per check charge; Unlimited check writing; United VISA® Check Card*; FREE Online Banking; FREE Bill Pay and eStatements. They do not use ChexSystems. The minimum opening deposit is $50.
Residents of Pittsburgh looking for a no-chexsystems bank may be qualified to open a Fresh Start checking account. The account features a Visa debit card, free online banking and bill pay and unlimited check writing. Direct deposit is required along with a $9 monthly service fee. The required opening deposit is $25. There are restrictions with this account but after 12 months of active use with no NSF’s members are eligible to upgrade to a regular checking account.
Customers seeking to re-establish themselves in the banking system may qualify for the “Foundation Checking” account. There is a monthly service fee of $7. An additional fee of $2 will be charge if you prefer paper statements. There are no options to avoid the monthly service charge. Once your account has been opened for 6 months or more you may be eligible to upgrade to a different checking account.
The 2nd Chance Checking account is for consumers with previous unsatisfactory checking account performance. The monthly service fee is $5 and is debited from your account monthly. A $35.00 deposit is required to be secured in the regular share savings account as a good faith gesture of intent to maintain a satisfactory checking account. The member will NOT be eligible for a debit card during the period in which they are enrolled in the 2nd Chance Checking Account program. At the conclusion of the 12 month period you will be eligible for a standard checking account if you have maintained a satisfactory checking account record.
Sun Federal’s “Fresh Start Checking” account can help you get back on track, build a history of responsible account management, and improve your financial standing. The Fresh Start checking account features all the benefits of the regular checking accounts for a small monthly fee of $10. You must complete the credit union’s CheckRight financial education course to help you manage your money. After 12 months in good standing you can apply for a regular, fee-free checking account.
If you have been denied a checking account they offer a “Second Chance Checking” account. Even if you’ve been reported to ChexSystems in Pennsylvania you can open the Second Chance Checking account to make deposits, conveniently pay bills online, access ATM’s worldwide, or simply shop and pay with your Visa check card.
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.
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