If you’re one of the over 1 million households in California without a bank account, access to a growing economy can seem out of reach.
Banks and credit unions use a company called ChexSystems to monitor almost all checking account holders in the state. Most people get flagged for bouncing too many checks or not being in a position to pay excessive returned check fees (“NSF”). Your bank then either closes your checking account or denies you the opportunity to open a new account because of the information contained in the ChexSystems database.
And with the vast majority of banks and credit unions in California using ChexSystems, it’s very hard to march across the street to another bank in hopes of getting a new account.
Fortunately, there are banks and credit unions in California who do not use ChexSystems. There are are also banks and credit unions who offer so-called Second Chance Bank Accounts. They are hard to find, but when you do it is a great relief to know there are financial institutions who want your business. And they won’t charge you an arm and leg for it.
CheckingExpert has helped thousands of people just like you open second chance banking accounts. We’ve selected the best accounts in California for 2020 based on acceptance rates, checking account features and benefits, and the accounts with the lowest fees. Best of all, you can open an account today!
The Best Second Chance Banks of 2020
List of the Best Second Chance Banks and Credit Unions in California
|BBVA (Our Top Pick)||BBVA Online Checking|
|Chime Bank (Runner Up)||Chime Spending and Savings Account|
|American United Federal Credit Union||FreshStart Checking|
|Bank OZK||Pathway Checking|
|California Community Credit Union||New Beginnings Checking|
|Corporate America Family Credit Union||Fresh Start Checking|
|E-Central Credit Union||E-Builder Checking|
|Excite Credit Union||Fresh Start Checking|
|Foothill Credit Union||Rebound Checking|
|Los Angeles Federal Credit Union||Second Chance Checking|
|Navy Federal Credit Union||Several Options|
|North County Credit Union||Fresh Start Checking|
|OneUnited Bank||U2 E-Checking|
|Premier America Credit Union||Fresh Start Checking|
|Priority One Credit Union||New Leaf Checking|
|Strata Credit Union||Fresh Start Checking|
|UNIFY Financial Credit Union||Right Start Checking|
|Upward Credit Union||Renew Checking|
|US Bank||Safe Debit|
|Wells Fargo||Opportunity Checking|