Second chance checking at Utah banks and credit unions
12 of 93 banks and credit unions in Utah list second chance checking on their websites: 8 credit unions and 4 banks.
Second chance checking is for people turned down for a regular account, often because of a ChexSystems report. Terms and monthly fees are as each bank or credit union states them.
At a glance
Monthly fees
No fee to $10 a month
From each bank's and credit union's own website. A branch "confirms it" when the site names that branch.
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Second chance checking: what each bank's and credit union's website says
$25 to open; Visa debit card and online banking; may upgrade to Basic or Dream Rewards Checking after 12 consecutive months of good management.
Who it is for
Who it is for
For members 18 and older who do not qualify for Dream Checking because of a negative ChexSystems report: at most two ChexSystems records, older than one year, not for fraud, owing other creditors no more than $500 total, and nothing owed to Cyprus.
“Low monthly fee of $5”
“you must have no more than two ChexSystems records”
Presented for people whose past challenges make financial goals harder; BankOn certified; opened at a branch with $5; no overdraft or returned item fees.
Who it is for
Who it is for
The page does not mention ChexSystems. Applicants cannot have an unpaid negative balance on a previously closed checking or savings account at any institution, and must show proof it was paid in full.
“you must provide proof that you have paid any negative balances in full”
Checkless account with a free Visa debit card, online bill pay and Zelle; also a starter account for youth 12 to 18; BankOn National Account Standards certified in 2022.
Who it is for
For people who have not been eligible for traditional checking accounts; the page does not mention ChexSystems.
For people denied a bank account in the past. $25 to open, no minimum balance, no overdraft or NSF fees; may upgrade after building positive history (other products after 12 months in good standing). BankOn certified.
Who it is for
For people who cannot open a traditional checking account because of a negative ChexSystems report, if the reported accounts are not classified as fraud and have been paid in full.
“If you've been denied a bank account in the past, Fresh Start* helps you”
“unable to open a traditional checking account due to a negative ChexSystems”
Opened in person at a branch, subject to underwriting; no Courtesy Pay or mobile deposit; may move to another account after 12 months of positive history.
Who it is for
Open to people with negative ChexSystems reports if the records are over 6 months old, at most two totaling under $500, and not for fraud or kiting.
“A $7 monthly administrative fee applies to all Fresh Start accounts”
“Individuals with negative ChexSystems reports can open a spending account”
A savings account named in the rates disclosure only; not eligible for Courtesy Pay and may not be eligible for Bill Pay or Mobile Deposits. The site does not say who qualifies or mention ChexSystems.
“Second Chance Savings ................................ $10.00 per month”
“Second Chance Accounts are not eligible for Courtesy Pay”
For people bouncing back from financial challenges; requires a $100 deposit in savings; aims to move members to a free checking account after 12 months. ChexSystems is not mentioned.
“designed for individuals looking to bounce back from financial challenges”
For customers who 'need to get your finances restarted after some financial difficulties'; can move to other checking in good standing. The page's comparison chart appears to show a $50 opening deposit and $9.95 monthly fee ($6.95 with direct deposit) for Restart, but the table's column pairing is not certain in the page text. ChexSystems not mentioned.
We read each bank's and credit union's own website and record what it says, with a link to the exact page and the date we checked it. Membership numbers, assets and founding years come from the federal agencies that insure deposits: the NCUA for credit unions and the FDIC for banks.
"Not listed on their site" means we did not find an answer on their website. It does not mean the service is unavailable: ask the bank or credit union.