If you’ve recently been denied a bank account in Georgia, you’re not alone. Over 400,000 households in the state do not have a bank account. It’s a good bet that many of those without a bank account have had financial struggles with bounced checks or excessive bank fees they can’t pay. This lands them on ChexSystems, a company who keeps track of over 300 million account holders in the United States… and several million in Georgia.
Unable to get a checking account, they’re forced to carry cash, purchase cashiers checks, and use expensive check cashing services. Even though prepaid cards make life a little easier, the cost is much more expensive versus a checking account.
But all that can be avoided if you use a bank that doesn’t use ChexSystems. And some banks and credit unions offer so-called second chance bank accounts.
During the past four years, we’ve kept tabs on the banks and credit unions in Georgia who want your business, even if you’ve had a run in with ChexSystems, experienced bad credit, or have been unable to pay escalating bank fees.
We’ve selected the best accounts in Georgia based on acceptance rates, checking account features and benefits, and the accounts with the lowest fees. The vast majority of the time, you can get a bank account with ALL the features and benefits you need and deserve with no fees, minimums, or restrictions. Best of all, you can open an account today!
List of the Best Second Chance Banks and Credit Unions in Georgia
Did we leave your financial institution off this list? Has there been a change in any of the listings? Please let us know.