If you’ve had troubles getting a checking account due to a negative ChexSystems report or bad credit, not all hope is lost. When it comes to finding the best second chance banks and credit unions in Virginia, our team here at CheckingExpert.com is here to help. It’s our mission to assist you in finding banks and credit unions that offer second chance banking services, so you can re-establish a good banking history.
In Virginia, 4.4% of all households are “unbanked”, meaning no one in the household has a checking or savings account. That’s over 135,000 households in the state alone! With that being said, approximately 85% of banks in the country use a consumer reporting agency called ChexSystems to determine if you’re eligible for a checking account or not.
If you’ve been reported to ChexSystems, it will be next to impossible to get a traditional checking account at the majority of banks and credit unions out there.
Luckily, there are many banking institutions out there that don’t use ChexSystems or offer second chance banking services to those in need. These banks and credit unions understand that mistakes happen and everyone deserves access to a reliable checking account. They’re willing to give their customers a second chance to improve their financial situations.
If you’re ready to start fresh and open a checking account, here are some of the best financial institutions in Virginia that are more than willing to work with you!
List of Second Chance Banks and Credit Unions in Virginia for October 2022Open an account today!
Did we leave your financial institution off this list of The Best Second Chance Banks and Credit Unions in Virginia? Has there been a change in any of the listings? Please let us know.