South Carolina residents living without a bank account are paying more to cash checks, pay bills and are not able to save for the future. ChexSystems or bad credit has hindered a large number of Americans from having access to traditional checking or savings accounts. Fortunately for the citizens of South Carolina there are several banks offering second chance accounts and even South Carolina non-ChexSystems banks.
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 South Carolina may have second chance checking accounts or may be a South Carolina 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.
South Carolina Second Chance Checking
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.
Chime Bank does not use ChexSystems. It’s primarily a spending account that comes with a Visa debit card. Works best with direct deposit because your direct deposit is made available 2 days earlier than your regular pay date. Other features include mobile check deposit and if you need a check written, Chime Bank will create and mail a paper check for you at no charge. $0 dollars is required to open the account, plus there are no monthly fees and no overdraft fees.
You can earn instant cash back on purchases from specific retailers, or in general categories like groceries, entertainment, utilities. Enroll in Chime’s automatic savings program and each week you’ll get a bonus reward equal to 10% of the total automatic savings deposits you made that week, up to $500 a year. That’s free money!
South Carolina Non-ChexSystems Banks and Fresh Start Checking
Fort Sill National bank does not use ChexSystems but a credit report will be pulled. They have several checking account packages to choose from but the Basic Checking includes a $5.00 Minimum deposit required to open account, has no monthly fees, unlimited check writing and a Visa CheckCard.
The Encore Checking is a second chance account with certain restrictions, including a monthly fee. After 6 months of good account management, you may request to upgrade your ATM card to a VISA® debit card. After twelve months, you may apply for a free checking account.
They offer a “CheckNSave” program and say “Anyone is eligible for a checking account – even if you’ve been turned down for a checking account at another bank.” The minimum to open is $50 and there is a $5.00 monthly maintenance fee.
The minimum balance to open the “Rebound Checking” account is $25, with no minimum balance required after the initial opening deposit. Checks, Courtesy Pay, and bill Pay are unavailable with this account and direct deposit is required. The monthly service fee is $15.
The checking account requires a credit report and proper identification. No mininum balance. No monthly fees when you receive eStatements and a free Visa Debit Card.
VITAL FCU has a Fresh Start Account that comes with a monthly fee of $15. The checking account is a non-interest bearing account and direct deposit is required. There is no minimum balance required.
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.