Second Chance Banks and Credit Unions in Louisiana

Chime® is a fast-growing internet-only financial company and our top choice for a second chance bank account.

And, best of all, Chime accepts almost all customers who apply. Even if you have bad or poor credit or have been blacklisted by ChexSystems or the credit bureaus.

Features include mobile deposits, direct deposit, online bill payment, NO monthly or annual fees, NO overdrafts fees¹, NO credit check, and NO CheckSystems. Opening an account is super easy. It takes about 2 minutes and you don’t have to make an initial deposit. Here’s what we like:

No Monthly Fees

For the past couple of years, Chime’s huge growth has come at the expense of the big banks and their outrageous fees. And it’s one of the best features of a Chime account. There are no monthly or annual service charges, no minimum balance requirement, no foreign transaction fees, no fees at over 60,000 ATMs², and no fees for mobile and online bill pay.

Deposit Cash for FREE at Over 8,500 Walgreens

Having access to a physical location for cash deposits is important to Chime members. And now it’s easy. All you have to do is go into a Walgreens store, hand the cashier the cash you want to deposit along with your Chime card, and the deposit will show up in your account immediately. This offers Chime members more walk-in locations than any other bank in the U.S. With over 78% of the country within 5 miles of a Walgreens, this is a significant benefit for millions.³

Smart Technology

Unlike big banks, Chime was created during the smartphone era and, therefore, features an app that is more than just a way for customers to review their bank accounts.

You can transfer funds to friends and family, Chime members or not… and they can claim their money instantly⁴ without any additional apps. The Chime app also has a series of notifications that you can turn on or turn off so you stay in complete control. Misplaced or lost your card? You can instantaneously turn off your card using the app. No wonder over 300,000 customers have given the app a 5-star review.

Customers First

Chime was one of the first to offer a “round up” option. If you use your Chime card on a purchase of $10.65, Chime gives you the option of automatically rounding up to $11.00 and putting the remaining $.35 in your free Chime savings account. And that adds up over time! Plus, Chime pays 2.00% Annual Percentage Yield (APY)⁵ in interest on that savings account.

If you use direct deposit with your Chime account, you can get your paycheck up to 2 days early⁶. And Chime is just saying no to big bank NSF charges with a fee-free overdraft program up to $200. Finally, Chime just recently launched their Credit Builder credit card with no interest and no annual fee. We don’t think there is another company innovating for their customers like Chime.

Get a Chime Account Today!

Chime is a financial technology company, not a bank. Banking services and debit card issued by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC. See additional disclaimers below.

NorthOne is a fast-growing company built specifically around business banking solutions for freelancers, entrepreneurs, and small business owners. In addition to dramatically streamlining the application process, NorthOne doesn’t check your credit and doesn’t use ChexSystems. Here’s a recap:

• FREE business Mastercard debit card
• FREE access at over 40,000 ATMs nationwide
• FREE online and mobile app
• FREE live chat (not a chatbot), telephone, or email support
• FREE in-app invoice creator
• NO minimum monthly balance requirement
• NO NSF fees
• NO ACH transfer fees
• NO credit check or ChexSystems

Banking Services

NorthOne doesn’t require a minimum account balance and charges a $10 monthly fee that includes unlimited transactions in your account. These include ACH payments, bill pay, debit card usage, mobile deposits, and transfers. The only other fee is $15 for wire transfers.

You can also grant read-only access to employees or your accountant or bookkeeper. This keeps your account safe while also giving access to those who need it.

Integrations

With NorthOne business banking, you can connect your account to an almost unlimited number of third-party apps. NorthOne integrates with business tools including Paypal, Stripe, Square, Etsy, Shopify, Airbnb, Amazon, Venmo, Toast, Uber, Lyft, Quickbooks, FreshBooks, Wave, Expensify, and many more. Through these integrations, you can sync transaction details, collect payments, see and pay invoices, send payroll, pay contractors, and more.

If creating and sending invoices, quotes, and estimates is critical to your business, NorthOne offers a free stand-alone invoice creator that integrates seamlessly with the banking app. We’ve tried it and think it’s an elegant solution.

Envelopes

NorthOne has created a feature that helps you plan for and manage important expense categories. They call these sub-accounts “Envelopes” and you can set up as many as you want. This allows you to set aside funds you know you’ll need in the future such as taxes or payroll. You can set custom rules for your envelopes and easily move money back and forth as needed.

Application Process

NorthOne targets account approvals within one to two business days. Information required to open an account includes name, address, and social security number or tax identification number. If applicable, NorthOne may ask for a copy of your business license and business formation documents. After you’re approved, you’ll need to make a $50 minimum opening deposit.

NorthOne is one of the most competitive business bank accounts for entrepreneurs and small business owners. Their combination of services and offerings, the fast application process, and customer support create an outsized competitive advantage for both the bank and its customers. Every small business owner understands how critical that is for success.

Open an account today!

For many people, having access to a local bank branch is paramount when setting up a checking account. With over 16,000 ATMs and 4,700 branches across the country, the Chase Secure Banking account might be the perfect fit.

Here are some of our favorite features with this account:

• NO credit check
• NO ChexSystems
• NO minimum deposit to open
• NO overdraft fees
• FREE access to over 16,000 Chase ATMs
• FREE Chase Online Bill Pay
• FREE money orders and cashier’s checks

What to Know About the Approval Process

Opening the Chase Secure Banking account has some important qualifiers. First, Chase verifies your name, address, and social security through Experian, but doesn’t pull a credit report or credit score. Chase doesn’t use ChexSystems for this account, but the bank does use Early Warning Services (EWS). Additionally, if you’ve had an account closed by Chase in the past, your application will not be approved. Past account closures can include missteps such as non-payment of fees, excessive overdrafts, or suspected fraud.

Finally, Chase gives you the opportunity to open your new account online or by taking a printable coupon to a branch location. We strongly recommend you apply online as branch locations have been known to use ChexSystems during the approval process.

Highly Rated Mobile App

Available for iOS and Android, the Chase Mobile app offers 24/7 access to your account. The app is highly rated, earning 4.8 stars out of 5 on the App Store and 4.4 stars out of 5 on Google Play.

You can transfer funds, deposit checks, send money with Zelle, set up account alerts and notifications, and lock your card if it’s been lost or stolen.

The app also has incredibly helpful budgeting tools, personalized insights, and the ability to check your credit score for free.

Fees

Chase doesn’t offer overdraft services with this account as you can only spend the money you have available and the account does not include paper checks. You should also know that using non-Chase ATMs can cost from $3.00 to $5.00 per transaction.

Chase Secure Banking carries a $4.95 monthly service fee that cannot be waived. But combined with all the free services and the $100 cash bonus when you use the card for 10 purchases within 60 days, the monthly fee doesn’t pose a problem for most customers. And, you’ll have peace of mind with Chase’s Zero Liability Protection if you detect and report unauthorized transactions.

Banking With A Leader

Chase claims to be involved with 40% of Americans in some way or another. There can be comfort in size, reach, and stability. Chase has all of that and the assurance they will be there for a long, long time.

If you’ve wanted to bank with Chase and wondered if you’d qualify, we think you’re going to be really happy with the Chase Secure Banking account.

Get a Chase Secure Banking account today!

The SoFi Checking & Savings account is offered by SoFi Bank. It’s a checking AND savings account on steroids and we love that. Plus, they don’t use ChexSystems to approve accounts.

You get a debit MasterCard and a very slick smartphone app. You can make deposits, write checks, utilize electronic bill pay, and transfer money. You don’t need to make an opening deposit to get an account and SoFi never charges monthly maintenance fees. You’ll have access to a large and fee-free ATM network along with a generous cashback program.

Using the SoFi direct deposit option unlocks additional benefits. First, if you overspend a bit, SoFi will cover up to $50 with no overdraft fees. Second, you’ll receive a much higher interest amount of 3.75% APY on savings account balances and 2.50% APY on checking account balances. If you decide not to utilize direct deposit, you’ll receive 1.20% APY.

The $275 bonus comes in two parts. When you deposit at least $10, SoFi will credit your account $25. When you set up direct deposit from an employer, SoFi will credit your account up to $250 (depending on the amount of your direct deposit) and bump the interest rate you earn to 3.75% APY. The bonus and interest rate are some of the highest we’ve seen.

The sign-up process can take less than 60 seconds. With over 4 million members, SoFi is a bank you can count on!

SoFi has been great! The account was easy to open and I got my debit card a few days later. The smartphone app is easy to use and I can check everything from my computer, too. I’ve had some issues with ChexSystems in the past and SoFi seems to be the perfect bank.

Kevin M., SoFi Customer

Get a SoFi account today!

Current is another web-only national bank that has some really great features… and has become one of the fastest-growing checking accounts for consumers who want it all without all the costs and hassles.

Why are we featuring Current on our website? It’s simple: they don’t use ChexSystems or your credit report to open a new account. Sign-up takes about 2 minutes and Current has extremely high acceptance rates. But what’s really cool are the incredible features offered with this account:

• NO minimum balance
• NO deposit required to open an account
• NO overdraft fees when you overdraw by up to $100 with Overdrive™
• NO fees at over 40,000 ATMs in the U.S.
• Get your paycheck up to 2 days early with direct deposit
• Earn 4.0% APY on your balance up to $6,000 with direct deposit; earn 0.25% APY without
• Earn points for unlimited cashback at participating retailers
• Send money instantly for free
• An elegant but simple smartphone app
• 24/7 member support

Current offers a really unique service it calls Gas Hold Removals. What’s a gas hold? Some gas stations may apply a hold from $50 to $100 when you use a debit card to pump gas. If you only pumped $10 of gas, but the gas station places a $100 hold on your funds, you won’t have access to the $90 difference for up to 3 business days! The Current debit card will immediately refund the hold so you have access to all your funds. We haven’t found that benefit anywhere in the marketplace.

Here’s what’s really important, though. Deposits are FDIC-insured up to the highest possible amount allowed: $250,000. We love the features, we love the smartphone app, and we love Current. That makes us think you’ll love them too.

Get a Current Account Now!

Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC.

Acorns doesn’t use ChexSystems or a credit report to approve accounts and offers some strong benefits.

We love the heavy metal tungsten Visa debit card and the world-class smartphone app that allows you to manage every aspect of your new checking account such as budgeting, spending, and security.

Another nice option is the ability to round up on every purchase and Acorns will take that money and automatically put it in a savings account. This really helps build a nest egg.

It takes about 2-3 minutes to sign up and you get both a checking and savings account. Here’s more:

• FREE Visa® debit card
• FREE bank-to-bank transfers
• FREE physical check sending online or through the mobile app
• FREE mobile check deposits
• FREE or reimbursed ATM withdrawals nationwide
• NO minimum balance or overdraft fees
• NO credit check; ChexSystems OK
• FDIC insured

There is a $3 monthly fee that is easily covered by the ATM fee reimbursement and other goodies included with the account.

If you’ve struggled with poor credit or ChexSystems, Acorns might be the perfect account.

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Alive Credit Union offers a second chance to consumers through their Fresh Start Checking account. In fact, this account is designed around helping you re-establish your checking account history.

The Fresh Start Checking account has a lower monthly fee of $5 and provides you with a free Visa debit card, access to online banking, and plenty of other general account perks. This account also includes a financial wellness counseling if you want to learn more about money managing strategies.

If you keep the account in good standing for 12 months, you’re eligible to upgrade to free checking or their other types of accounts! To apply for the account you can go on their website or visit their branch located in Hammond.

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BancorpSouth has one of the best options if you want to get back on your feet fast. They offer a Budget Smart Checking account that rewards good financial behavior. With a Budget Smart Checking account, you can enjoy the ease of access to your funds with a debit card and free access to online budgeting tools to help you out.

With this account, you’ll also be eligible to level up to a regular checking account in as little as 12 months as long as no more blemishes pop up. This account costs only $5 monthly and requires a $25 deposit to open the account.

With plenty of locations, it will be easy to find a branch when needed. BancorpSouth has over 35 locations in Louisiana in cities such as Pineville, Alexandria, Lafayette, Baton Rouge, and many others.

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If you’ve had problems with a ChexSystems bank in the past, Bank of Montgomery (BOM) could be a good option for you. They utilize Telecheck to determine if you’re eligible for a checking account. Out of their several different account options, we recommend Economy Checking.

Economy Checking is an affordable account that comes with all the basics. You get access to online banking, unlimited check writing, and direct deposit if you choose to enroll. There is a $100 minimum required as an opening deposit as well as a moderate $7.50 monthly service fee if your balance falls below $500.

As the name would suggest, BOM is an Alabama-based bank and has several branches located in Montgomery, Natchitoches, Cloutierville, Many, and several other cities in Louisiana. You can visit their website to apply online or stop by a location most convenient to you!

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BankPlus is here to help those who need financial help. If you’re in a situation where you’re unable to get a traditional checking account and want to rebuild your credit, they offer a product called CreditPlus.

In addition to a CreditPlus Checking account, you can use the product to help you get out of a Payday Lending cycle. They offer small, low-interest loans that are provided as an alternative to expensive Payday Lenders and Check Cashing services. To get started with any part of this program, you will need to complete a financial literacy course.

To open a CreditPlus Checking account, you will need $100 as an opening deposit. With locations in nine cities across Louisiana, it is definitely worth looking into if you’re looking for a helping hand with your finances. Their locations include Baton Rouge, Denham Springs, Hammond, New Orleans, and several others.

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If you have been turned down from a traditional checking account due to past financial hardships, Barksdale Federal Credit Union has you covered with their Fresh Start Checking account. Like the name would suggest, this account can provide you with a fresh start no matter what you’ve experienced in the past.

Fresh Start Checking comes with a free Visa debit card, unlimited check writing capabilities, and access to several online banking tools to help you keep track of your money. To open the account, you can either deposit at least $100 or set up direct deposit. There is a monthly service fee of $10 and an additional $6 fee if your balance falls below $200.

Barksdale FCU offers membership to anyone who lives, works, worships, or attends school in Bossier, Caddo, Webster, Rapides, Allen or Grant parishes. There are also several other ways you can join. Visit their website or one of their branches in Shreveport, Fort Polk, Oakdale, and other cities across Louisiana to see if you’re eligible!

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We like Community Bank of Louisiana because they do not use ChexSystems or Telecheck when they receive new account applications. Instead, all they require are two forms of ID; one of which is required to be government-issued.

We recommend the Traditional Personal Checking account because it’s a simple and affordable account. With this account you will receive a free debit card, access to online banking with bill pay, and unlimited check writing. If your balance falls below $1,000.01, you will only need to pay a $3.50 monthly service charge. We recommend enrolling in eStatements to avoid an additional $3.50 paper statement fee.

To get started, stop by one of Community Bank of Louisiana’s convenient branches located in Bossier City, Gloster, Logansport, Mansfield, Many, Shreveport, and Stonewall.

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If you have a negative history with a ChexSystems bank but haven’t been reported to Telecheck, Crescent Bank may be a viable option for you. As long as there aren’t any red flags when they run a Telecheck report, you should be able to get an account.

We like their Personal Checking account because it provides you with a simple, straightforward way to manage your money. It’s important to note that there is a $100 required opening deposit and a monthly service charge that is dependent upon your balance. The higher your balance, the lower your service charge. The account also comes with online banking, unlimited check writing, and a debit card for everyday spending.

Crescent Bank has three locations in the greater New Orleans area including branches in Metairie and Mandeville. Stop by a branch today to get started!

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Fort Sill National Bank is an excellent choice for those looking for second chance checking. Their Basic Checking account does not require a credit check. We like that you aren’t required to enroll in direct deposit or pay high service fees. If your account balance is over $75, your monthly service fee of $6 is waived. If your account balance is over $500, you begin to earn interest.

All you need is $5 to open an account at one of their branches in Bossier City or Shreveport. The Basic Checking account comes with:

• A free Visa CheckCard
• Unlimited check writing
• Surcharge-free ATM withdrawals at FSNB locations
• Access to the Savings Round Up program
• Online, mobile, and text checking options

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GO2bank is an offering of pre-paid card giant GoBank and we think it’s a step in the right direction. Like some of the newer “challenger banks” GO2bank will deposit your direct deposit check up to 2 days early and has cashback rewards on several categories of purchases. This account also makes you eligible for the GO2bank secured credit card, which has no annual fee and no credit check.

One significant drawback to many online-only bank accounts is that they have no way to accept cash deposits. But GO2bank accepts cash deposits at over 90,000 Green Dot locations nationwide. However, participating retailers may charge you a fee.

If you direct deposit over $500, your monthly maintenance fee of $5.00 is waived. And, they offer a pretty sweet overdraft protection program, but it has a gotcha charge of $15 if you don’t replace the funds within 24 hours.

Account-holders will appreciate the ability to budget their money with the help of a mobile app, budgeting tools, and a savings vault. In fact, they pay 2.5% on all money in the savings vault up to $5,000.

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Go Further from GTE Financial helps put you on the path to a better checking account. If you don’t qualify for a traditional account, the Go Further account will help you get there in as little as 12 months. We consider this a low-cost second chance checking. As long as you make a total deposit of $500 for the month, opt to receive eStatements and make 15 monthly transactions, the $9.95 maintenance fee is waived.

GTE Financial is one of the largest credit unions in the US. Membership is open to anyone through easy requirements and an online application process. The Go Further account includes:

• Free EMV-equipped debit card with built-in rewards
• Online and mobile banking tools
• Free bill pay service
• Easy money transfers through the Popmoney service

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Home Bank utilizes Telecheck in lieu of ChexSystems when you apply for a checking account. We recommend Choice Checking because it’s a low-cost account that is packed with noteworthy account features.

Choice Checking comes with all of the necessities like access to online banking with bill pay, free eStatements, a Visa debit card, and overdraft protection services. All that is required is a $100 opening deposit. There is an $8 monthly service fee that can be waived by meeting one of the following transaction types each statement cycle:

• Write 5 checks
• Utilize bill pay 5 times
• Use your debit card for 5 point-of-sale transactions (excluding ATM transactions)
• OR if the primary account holder is 24 years and younger

You can apply for Choice Checking online or visit one of Home Bank’s branch locations. You can find them in cities across southern Louisiana including New Orleans, Baton Rouge, Lafayette, Slidell, and several others.

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Hope Credit Union is looking out for those who need a second chance. If your credit is low or you’ve had issues with ChexSystems in the past, their Easy Checking may be a great option for you.

You’ll need to keep a $25 minimum balance, but the $9.95 monthly fee can be waived with a $200 minimum balance. Plus, there is an opening deposit of $25 that is required. On the upside, you’ll get a free debit card and free eStatements along with online banking, bill pay, mobile/smartphone app, free telephone customer service, and free direct deposit.

Hope Credit Union has 2 locations in Louisiana both located in New Orleans. You can open an account online or visit a branch nearest to you to apply in person.

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Jefferson Financial Federal Credit Union offers a clean slate to those who have a less-than-perfect banking history with their Second Chance Checking account. This account includes all the basics and can be an excellent first step in re-establishing yourself financially.

Second Chance Checking comes with a free Visa debit card and requires that you receive eStatements instead of paper statements each month. If you enroll in direct deposit, the monthly service fee of $11.95 will be reduced to $9.95. You can also access your balance any time of day via online banking.

Jefferson Financial FCU extends membership to anyone who lives, works, worships, or attends school in one of six eligible parishes. You can also join if you have a relative who is already a member or if you are a student or staff member at one of their eligible school systems. Their branches are located in and around New Orleans, Baton Rouge, Mandeville, and Lake Charles.

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La Capitol Federal Credit Union is another example of a non-ChexSystems option that utilizes Telecheck instead. As long as there aren’t any red flags that come up with your Telecheck report, you should be able to get an account.

We like their Simple Checking account because it provides you with easy access to your money while remaining affordable. You can access your balance at any time using online banking or their smartphone mobile app. There is a monthly service fee of $8, but that can be waived if you enroll in direct deposit or use your debit card for non-ATM transactions at least 10 times throughout the month.

To get started with a Simple Checking account, you can fill out an application online or apply in-person at one of their branches in Pineville, Ruston, Alexandria, Oakdale, and several other cities across Louisiana.

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Lili was custom made for freelancers and independent contractors who are operating as sole proprietors and single member LLCs and we really like their offering. Lili aims to approve most accounts within 2-3 days, but some accounts are approved in 2-3 hours.

Lili offers a checking account and Visa debit card with no initial deposit or minimum balance requirement, no hidden fees, no credit check, and no ChexSystems. Lili makes getting your account easy! Here’s more of what we like:

• FREE business VISA debit card
• FREE (and very user-friendly) mobile app
• NO minimum balance
• NO NSF charges or fees
• NO credit check or ChexSystems
• Receive direct deposit funds 2 days earlier than many banks
• Mobile check deposit
• Unlimited fee-free transactions
• Takes 3 minutes to apply

Application Process

You can set up an account online. If you’re a freelancer, you should receive approval and account access almost instantly. All others (Sole Proprietor, Single-Member LLC, Multi-Member LLC, General Partnership, Limited Liability Partnership, or S Corp) can take a couple of days to get approved. You can fund your account using a mobile check deposit, direct deposit, ACH transfer, or by linking your Venmo, PayPal, or Cash App account.

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There’s nothing more frustrating than trying to start your financial future over again but being met by dead ends from banks that won’t give you a second chance. That’s why we like the Reboot Checking account from Louisiana FCU.

You only need $50 to open the account and the monthly maintenance fee is $10. Since direct deposit is required with Reboot Checking, your money will go right into your account on payday to encourage you to spend wisely. You’ll also get a debit card to help you spend only what’s in your account, as well as overdraft protection when you link your savings account.

Once you’ve kept your account in good standing for the allotted time and met the other requirements, you can seamlessly move over to a traditional checking account and continue improving your financial future. To open an account, visit one of their branches located in Gonzales, Gramercy, Hammond, LaPlace, and Norco.

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No matter your banking past, Navy Federal Credit Union offers traditional checking for all members in Alabama and across the US. With no review requirements of your banking history, NFCU is an excellent choice for active duty or retired US military, family members and government contractors. There are two banking choices to choose from: Active Duty Checking and Free eChecking.

Both account options come with a free NFCU debit card. There is no monthly service fee with direct deposit. Your account is protected from overdrafts with free savings transfers, a checking line of credit or an optional overdraft protection service. You also receive:

• Free mobile deposits
• Free bill pay
• Free traditional name-only checks
• Dividends credited monthly

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Instead of referring to your ChexSystems report, Neighbors Federal Credit Union utilizes Telecheck to determine if you’re eligible for a checking account. If you’re looking for a free checking account that rewards you for spending money, look no further than the Free Cash Back Checking account.

This account only requires a $25 opening deposit and won’t charge you any monthly service fees. Plus, if you use direct deposit and enroll in eStatements, you become eligible to receive cashback on everyday purchases. You can earn up to $300 in cashback rewards every year!

Neighbors FCU offers membership to anyone who lives, works, worships, or attends school in one of nine eligible parishes. Visit their website or one of their branches located in Baton Rouge, Denham Springs, Port Allen, Prairieville, Zachary, or Walker to see if you are eligible!

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New Orleans Firemen’s Federal Credit Union is a non-ChexSystems option that runs a report through Telecheck instead. As long as everything comes up clear, you should have no problem getting an account.

We like their InControl Checking account because it provides you with great benefits while remaining low in cost. This account comes with online banking with bill pay, a free debit card, and overdraft protection services. You can also waive the $4 monthly service fee by signing up for eStatements or use your debit card eight times throughout the month. If you fulfill both of those requirements, they will even refund you on ATM fees!

As the name would suggest, New Orleans Firemen’s FCU extends membership to current or retired New Orleans firefighters. They also extend membership to those who are employed by one of their select employee groups and those who have a connection to St. James, Tangipahoa, and Plaquemines Parishes. Contact a branch location nearest you to see if you’re eligible!

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One of the most important steps to taking your business to the next level is the need to set up a business bank account. And if you get the right business account, it can give your growing business all the tools much larger businesses enjoy… without all the big business costs.

Novo understands small business owners and makes it easy to open and manage an account. As an online-only bank, you’ll find Novo strikes the right balance between technology, human touch, and real-world benefits. Here are some of our favorite features for Novo Business Checking:

• NO monthly fees
• NO minimum balance requirement
• NO ATM fees
• NO credit check or ChexSystems
• FREE Mastercard debit card
• FREE mobile app
• FREE transfers, mailed checks, and incoming wires
• FREE invoicing to create, send, and track invoices
• FREE mobile check deposit

Application Process

It takes about 10 minutes to sign up for a Novo account. You’ll need personal and business information, which may include a social security number, business tax ID, and business formation documents. They do not check your credit or use ChexSystems.

Novo is growing quickly. Their offering is popular with small business owners. The account approval process is currently taking 1-2 business days and once you’re approved, you can get full access to your account with a simple $50 deposit.

We like Novo. We think you’ll like it, too.

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Pelican State Credit Union offers their Horizon Checking account to anyone who has been turned down by other financial institutions. We recommend this account especially for those who have low credit scores and want to improve their credit standing.

Horizon Checking has a $10 monthly service fee and comes with online banking capabilities, free eStatements, and a free Visa debit card. This account is unlike other second chance accounts because it gives you the opportunity to apply for a traditional account after only six consecutive months of good standing! We think that is definitely worth noting.

All that it takes to open a Horizon Checking account is a $25 initial deposit. Pelican State CU offers membership to anyone who lives in Rapides, St. Landry, or St. Tammany Parish. You can also join if you are part of one of their select employee groups. Their branches are located all over Louisiana in cities including Alexandria, Baton Rouge, Lake Charles, and many others.

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Opening a Fresh Start Checking account with Red River Credit Union can be a great step towards better financial wellness; even if you have a ChexSystems record. This account has most of the benefits of a standard checking account for a reasonable price.

Benefits include a free Visa debit card with purchase alerts, access to online banking, and a reasonable maintenance fee of $10 a month. This account also offers money management tools that can help you stay on track with your finances.

To become a member of RRCU, you must live, work, worship, or attend school in Caddo or Bossier Parish. You can also join if you have a relative who is already a member. To see if you’re eligible, visit their website or contact one of their branches in Shreveport.

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Southwest Louisiana Credit Union offers its members a true second chance when it comes to re-establishing your banking history. Their Fresh Start Checking account can help you keep track of your money while keeping costs down.

When you apply for the account, you will need $50 for the opening deposit and two forms of ID. There is a moderate monthly service charge of $10, but in turn you get a free Visa debit card, overdraft protection from your savings, and free online banking access. It’s important to note that with this account there are daily limits on ATM use and debit card transactions.

Southwest Louisiana CU extends membership to anyone who is a relative of a current member or anyone who works for one of their select employee groups. Their select employer list includes hundreds of businesses in the area, so there’s a good chance you or someone you know is eligible. Contact one of their branches in Lake Charles or Sulphur to see if you can join!

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The First Bank offers an entire program developed to assist customers who need a myriad of financial tools to help them better their finances. TheFirst Step Checking account is a great place to start if you’re looking for a low maintenance account that comes with most of the perks of a traditional checking account.

A small $15 deposit is required to open TheFirst Step Checking account and there is no minimum balance required to keep the account open. We like this account because the monthly maintenance fee is only $3! You also get a debit or ATM card, but there are no paper checks are allowed.

After six months of opening the account, you can request a review to determine if you qualify for an account upgrade. Through this program at The First Bank, you can also gain access to loan services that have fewer requirements compared to other loans out there. To open an account, visit one of their branches in New Orleans, Prairieville, Baton Rouge, and several other locations in Louisiana.

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Varo Bank is another internet-only bank with services based on their mobile apps for Apple and Android devices. Varo doesn’t charge fees at 55,000+ Allpoint ATMs and offers strong budgeting tools and automatic savings programs.

Opening an account is easy and Varo doesn’t check your credit or use ChexSystems. Varo doesn’t even require an initial deposit to open an account, either. There are never any monthly maintenance fees, account balance minimums, overdraft fees, foreign transaction fees, transfer fees, or debit card replacement fees.

Varo’s recent bank charter has them innovating more than ever. They have a very strong cashback program, a payroll advance option, and have started to offer their customers a secured credit card called Varo Believe.

Finally, if Varo receives a payroll notification before your payday, it can deposit your money more quickly than many banks.

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If you’re a Walmart shopper, you might love the Walmart MoneyCard. It’s a debit card that has some strong features such as cashback on Walmart purchases, overdraft protection, interest on your savings, and a mobile app that lets you track your purchases and deposit funds into your account.

Our favorite features include:

• Easy approval: no ChexSystems or credit check
• No initial deposit is required and there are no monthly minimums
• Deposit cash for free at any Walmart store and it shows up 10 minutes later
• Deposit checks using the Walmart MoneyCard smartphone app
• Easily request multiple cards for family use¹
• Manage your account from your computer or the smartphone app
• 3% cashback on Walmart.com purchases, 2% cashback for Walmart fuel stations, and 1% cash back for use in-store²
• Earn 2.00% APY on money you set aside in a free savings account³
• With qualifying direct deposits⁴, you can opt-in and enjoy overdraft protection of up to $200 on eligible purchases⁵
• No monthly fee when you direct deposit $500+ in the previous monthly period. Otherwise, there’s a $5.94 monthly fee.⁶

The Walmart MoneyCard is available in all 50 states, Washington D.C., and Puerto Rico.

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Wells Fargo recently changed the Opportunity Checking account to Clear Access Banking. And we like one change, in particular. Wells Fargo has done away with overdraft and non-sufficient funds (NSF) fees. Clear Access Banking is a debit card-only account (no paper checks available) and if you attempt to purchase something without sufficient funds, the transaction will be denied. That’s a lot better than having the transaction approved and then discovering you’ve been hit with a $35 overdraft fee.

There is a $5 monthly fee, but that is be waived for account holders 24 years old and younger. This account is available to residents in all 50 states.

• The largest number of branches in the U.S.
• Minimum deposit of $25 to open an account
• Online bill pay and smartphone app
• Mobile check deposit
• Includes a Visa debit card
• Send and receive money through Zelle
• Additional features include account alerts, 24/7 fraud monitoring, and zero liability protection for your debit card

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Rather than referring to a ChexSystems report, WESLA Federal Credit Union utilizes Telecheck to screen new applicants. If you prefer a checking account free of service charges and overbearing requirements, look no further than their Free Checking account.

With Free Checking you can enjoy all of the necessities like overdraft protection, direct deposit, and monthly statements. This account doesn’t have any service charges, minimum balance requirements, or per-check charges. All that is required to get started is a $25 into a savings account to establish membership. They will deduct $5 from that amount as a one-time fee, but the rest will remain in the savings account.

WESLA FCU offers membership to anyone who lives, works, or worships in Caddo or Bossier Parish. Family members of current members are also welcome to join. You can find several branch locations in Shreveport and Bossier City for your convenience.

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Woodforest National Bank’s Second Chance Checking is designed for those with previous banking account challenges. With a minimum initial deposit of only $25 and a $9 one-time account fee, you can begin to build a positive banking relationship.

You can lower your monthly maintenance fee from $11.95 to $9.95 by setting up monthly direct deposit. Woodforest offers:

• Online and mobile banking
• Woodforest Debit Card
• Overdraft solutions
• Additional financial services to meet your needs

All services are easily managed online or in-person at branches in Walmart Supercenters across the US. Woodforest National Bank has countless locations in cities across Louisiana including New Orleans, Monroe, Alexandria, Lake Charles, and many others.

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