The Best Second Chance Banks and Credit Unions in Missouri

Recently denied a checking account? Been told by your bank that your account has been closed? Just learned about a mysterious company called ChexSystems that helped determine your banking fate? You’re not alone. Over 150,000 households in Missouri are in the same boat.

The vast majority of Missouri banks and credit unions use ChexSystems to help them identify customers who have bounced too many checks, not paid the fees and charges for returned checks, or even committed fraud. If you’re blacklisted in the ChexSystems database, that record remains for 5 years!

The problem is that you can’t simply go to another bank or credit union to open a new account. That bank or credit union is using ChexSystems too!

Luckily, there are a few banks and credit unions in Missouri who understand your situation and want your business. They know mistakes happen and that good people need access to the financial system. Because the only other choices are check-cashing companies, payday loans, or stashing cash under your bed. These are horrible options that many of us believe are our only alternatives.

We’ve scoured Missouri for banks and credit unions who offer second chance checking accounts. And the good news is that there are several to choose from. Some are located in Missouri and others are national banks who offer very attractive accounts you can open online.

CheckingExpert has helped thousands of people just like you open second chance checking accounts. We’ve selected the best accounts in Missouri for 2019 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!

Get an account now!

Best Second Chance Bank Account of 2019

BBVA Online Checking

The BBVA Online Checking Account is our hands-down winner for the best second chance bank account for residents of Missouri.

BBVA is owned by a multi-billion dollar international bank and has won several awards for their leading products and online services. They are a fully insured FDIC member.
Sign Up Today. Takes About 3 Minutes.

Features include mobile deposits, direct deposit, online bill payment, and NO monthly or annual fees. Setting up an account is almost too easy and the smartphone app tools are some of the best we’ve reviewed. Simply stated, the BBVA Online Checking account has a combination of features no other bank can match. These include:

  • NO ChexSystems
  • NO monthly fees or service charges
  • NO monthly account balance minimums
  • NO fees at over 64,000 Allpoint® and BBVA ATMs worldwide
  • FREE award-winning mobile app (one of the best we’ve reviewed)
  • FREE Visa® debit card you can personalize with your favorite photo
  • FREE online banking, bill pay, and mobile deposits
  • FREE money transfer to and from any email or mobile phone in the U.S. via Popmoney®, Venmo®, and other instant transfer services
  • FREE dedicated team of mobile bankers you can contact via text, email, or phone
  • FREE cash back rewards for everyday debit card purchases with Simple CashBack
  • FREE unlimited check writing
  • FREE Visa Zero Liability protects you against fraudulent purchases made on your debit card

Applying is simple. The BBVA website is simple and easy to interact with. There is a $25 minimum deposit required to open an account. You’re online approval is immediate and you’ll never be required to step foot in a branch unless you want to. BBVA is one of the most friendly banks for those who need a second chance at a checking account. The entire process from start to finish takes about 3 minutes.

b-lewis-bbva-testimonialFor anyone interested, I signed up for a BBVA Bank checking account. I have been using the new checking account, debit card, online website, direct deposit, and customer service for over a month now. I have to say I am genuinely impressed with everything they have done with me and my account.

So far it seems like the ideal bank.

B. Lewis, BBVA Customer
Open a BBVA Online account today!

The Runners Up: List of the Best Second Chance Banks and Credit Unions in Missouri

We’ve surveyed banks and credit unions across Missouri to find local, regional, or national financial institutions that offer “Second Chance Bank Accounts” or what some banks call Fresh Start Checking, Opportunity Checking, or New Start Checking.

Most of these institutions use ChexSystems or EWS, but are willing to look at opening these kinds of accounts on a case-by-case basis. Many times, they require a personal visit to a branch and may offer accounts that come with monthly fees or minimum balance requirements. While not as easy and fee-free as the BBVA Online Checking account, they do offer you an alternative.

Financial InstitutionProduct
BBVA  (Our Top Pick)Online Checking
Chime Bank  (Our Runner Up)Chime Bank Checking & Savings Account
Alliance Credit UnionFreshStart Checking
Columbia Credit UnionFresh Start Checking
Electro Savings Credit UnionFresh Start Checking
First State Community BankNew Opportunity Checking
Focus BankFresh Start Checking
Health Care Family Credit UnionFresh Start Checking
Landmark BankRebound Checking
MobankOpportunity Checking
Montgomery BankNew Start Checking
PNC BankFoundation Checking
St. Louis Community Credit UnionSecond Chance Checking
The Bank of MissouriSelect 2 Checking
Town & Country BankOpportunity Checking
United Consumers Credit UnionSecond Chance Checking
United Credit UnionRestore Checking
Wells FargoOpportunity Package
Wood & Huston BankStartFresh Checking

Did we leave your financial institution off this list? Has there been a change in any of the listings? Please let us know.