The Best Second Chance Banks and Credit Unions in New York

If you’ve struggled with unpaid bank fees or bounced checks, odds are that you’ve received negative marks in the ChexSystems database. And since most banks and credit unions in New York use the ChexSystems database to screen new accounts, getting a new account can seem almost impossible.

That is why so many New Yorkers turn to payday loans, check-cashing services, and other non-traditional financial alternatives. But there is another way.

There are banks and credit unions who want your business. They offer second chance checking accounts. Even if you’ve struggled with bad credit or have been flagged in ChexSystems.  Some of these banks and/or credit unions have branches throughout the state, while others have online offerings with all the perks and none of the fees. Your banking past doesn’t need to dictate your banking future.

CheckingExpert has helped thousands of people just like you open second chance checking accounts. We’ve selected the best accounts in New York 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 New York.

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 New York

We’ve surveyed banks and credit unions across New York 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
Alternatives Federal Credit UnionFresh Start Checking
Bank of the OzarksPathway Checking
Centennial BankOpportunity 100 Checking
Financial Trust Federal Credit Union2nd Chance Checking
Fulton Savings BankNew Opportunity Checking
Genesee Valley Federal Credit UnionFresh Start Checking
Jeff BankFresh Start Checking
PNC BankFoundation Checking
Webster BankOpportunity Checking
Wells FargoOpportunity Package
Woodforest National BankSecond Chance Checking

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