Second chance checking accounts in Arizona give people with ChexSystems records an opportunity to open a traditional checking account.
A 2019 FDIC study found that more than 24 percent of Arizonians are unbanked or underbanked. It’s estimated the unbanked can pay from 1-10% of salary for check cashing services – not to mention how prepaid debit card fees add up.
There’s no reason to waste money by paying fees to conduct daily financial transactions. Check out our list of banks in Arizona that don’t use ChexSystems and get back into banking.
Arizona second chance checking accounts
Oxygen Personal Account
Oxygen makes it easier for individuals to open an online checking account, no ChexSystems, with an application that takes less than 10 minutes to complete. Oxygen is a fintech company that offers personal or business checking accounts that don’t use ChexSystems through its banking partner, FDIC-Insured Bancorp Bank.
Oxgen Account Features
- No monthly fees, no minimum opening deposit, no minimum balance requirements.
- Savings 0.25% APY.
- Unlimited fee-free transactions.
- 40K Fee Free Allpoint® Network ATMs Nationwide.
- 2 Day Early Direct Deposit.
- Earn cashback on everyday purchases at approved merchants.
- Enjoy the power to create single-use or merchant-locked cards that mask your card details. Even send money to friends.
- Cell Phone Protection.
- Extended Warranty Protection.
- Hotel Theft Protection
- Auto Rental Collision Damage Waiver.
- Lost Luggage Protection.
Chime Spending Account – Free overdraft up to $200
Chime will spot you up to $200 on debit card purchases with no overdraft fees. Eligibility requirements apply.¹ Chime’s Spending Account is similar to a traditional checking account but without check writing.
Banking is easy with Chime where customers can transfer money, send and deposit checks and pay bills with no monthly fees and no overdraft fees.
Open the optional savings account and Chime will round up your Visa Debit Card transactions to the nearest dollar and transfer it to your savings account.
Chime Spending Account Features
- Get your direct deposit up to 2 days early.
- Chime Visa® Debit Card.
- Access cash at 60,000+ fee-free ATMs.
- An optional savings account earns 0.50% (APY).
- Leniency for people with previous checking account problems.
1st Convenience Bank is an Arizona second chance bank account option. 1st Convenience Bank does not use ChexSystems and can be opened with only $1. The Checking with Interest monthly maintenance fee is $12. Customers enjoy a FREE Debit MasterCard®; FREE Online Services and FREE Money Orders.
Bank of Arizona offers second chance checking as long as the item in ChexSystems is paid and does not reflect fraud. The Opportunity Checking Account requires a $50 minimum opening deposit; Free ATMs; and has a monthly service fee of $14.95.
Bank of the West does run a ChexSystems report but they have a second chance banking program called “Fresh Start.” Your Chexsystem listing must be older than one year and it cannot be for fraud. Basic checking has a $10 monthly fee but it is waived when you: Maintain an average monthly balance of $1000; Receive a direct deposit of $250; or Use your Bank of the West Debit Card for 10 or more purchases during each statement cycle.
Fort Sill National bank does not use ChexSystems but a credit report will be pulled. They have several checking account packages to choose from but the Basic Checking includes a $5.00 Minimum deposit required to open account, has no monthly fees, unlimited check writing and a Visa CheckCard.
They use Chexsystems but if you have only 1 report, over 1 year old, and it is paid and not showing any fraud, they will open the account Best to apply over the phone.
The Fresh Start Checking is designed to allow those who have previously been denied access to a checking account a chance to get back into banking. The Fresh Start Checking comes with a monthly fee of $10 and allows access to a checking account, unlimited check writing ability, a debit card and access to over 50,000+ surcharge free ATMs.
They use Chexsystems but with a membership you can open a savings. After 1 year, they will allow you to open a checking.
TCF Bank requires that you do not owe them any money. They have a Free Checking account with a minimum opening deposit of $25; FREE Online Banking & Bill Pay; FREE Mobile Banking; and FREE Withdrawals and Deposits at TCF ATMs.
TruWest CU has an account called “Opportunity Checking”. TruWest credit union is an Arizona second chance bank option. It is a second chance checking account that comes with a monthly service fee, ATM cash card or reloadable prepaid debit card with a VISA® logo, unlimited check writing and an opportunity to upgrade to a regular checking account if your account is in good standing for six consecutive months.
They use a credit report when opening a checking account. For a savings account, they do not run a credit report.
Credit Unions in Arizona
There are multiple credit unions in Arizona that offer second chance checking accounts. But unlike banks, credit unions may have restrictions on membership. Potential members have to meet membership requirements that vary depending on the credit union’s objective.
If you are eligible to join a credit union, they typically offer a variety of excellent financial products including second chance checking accounts.
Free checking with no minimum balance requirements, no monthly fees, and a free Visa debit card. They pull Experian credit report.
Offers several checking accounts to choose from. They use ChexSystems if you apply online. EWS will be used if you apply in person.
They offer second chance checking called Try Again Checking Account. It can help you build a history of responsible money management. If you have a record on Chex Systems due to an unpaid closure or NSF activity, Canyon State Credit Union may be able to help.
They offer a Fresh Start Checking Account that gives you the chance to rebuild your checking account history. You must eep a minimum balance of $100 in your Regular Share Account and there is a $10 monthly fee.
Conchise Credit Union uses a credit report to screen new customers. There is a $25 minimum opening deposit requirement.
Offers several checking accounts to choose from. They use Chexsystems but will open an account if there is only 1 paid ChexSystems record and no fraud was indicated.
You must bring show your paid in full receipts from any previously owed financial institution to open a second chance checking account. The monthly fee is $10.
The Fresh Start Checking Account is called Mission Checking Account. It requires a minimum $20 opening deposit along with a $20 monthly service fee.
Tucson Federal Credit Union offers a Second Chance Checking Account. But you must not have any fraud indicated on ChexSystems and no owed balances to ChexSystems. The Second Chance Account offers you many of the benefits of a Regular Checking account and after 12 months of successfully maintaining your Second Chance Account, you will be automatically be upgraded. You may also qualify for a $500 Visa Platinum credit card.
A negative ChexSystems record can remain 5 years unless you successfully dispute ChexSystems to get it deleted. For consumers with an EWS record, it can last for 7 years unless you’re able to successfully dispute EWS.
Whether you choose a bank or credit union, Arizona residents have several choices for banks in Arizona that don’t use ChexSystems. Take the time to build a solid banking relationship that will help you grow your money while maintaining a safe place to conduct daily expense transactions.