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2022 Arkansas Second Banks and Credit Unions


According to the Federal Reserve Bank of St. Louis, the state of Arkansas has one of the highest percentages of unbanked individuals in the nation at 9.7%, despite the total number of unbanked households decreasing overall.

According to the Financial Health Network, unbanked and underbanked Americans spent $189 billion in fees and interest on financial products in 2018.

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.

Check out our list of second chance checking accounts in Arkansas. Many second chance bank accounts run a ChexSystems report.

If your ChexSystems record has unpaid debt, consider options at banks that don’t use ChexSystems or bank accounts for bad credit.

Arkansas Second Chance Banks and Credit Unions

Upgrade Rewards Checking

The Upgrade Rewards Checking Account offers up to 2% cash back on common everyday expenses at grocery and drug stores, gas stations, monthly subscriptions, restaurants, and cell phone utilities. Plus, account holders get unlimited 1% cash back on all other debit card charges. This account takes less than 10 minutes to open, the process is simple and easy.

Upgrade Rewards Checking Features

  • No ATM fee.
  • Zero Monthly Fees.
  • Zero Overdraft/Insufficient Fees.
  • 2% cash back on common everyday expenses and recurring payments and unlimited 1% cash back on every other debit card charge.
  • use your Rewards Checking card wherever Visa® is accepted.
  • FDIC-insured up to $250,000.
Rewards Checking is offered by Upgrade Inc, a nonbank financial services provider founded in 2016 and based in San Francisco, CA. It is made possible by a bank partnership with Cross River Bank, Member FDIC. Upgrade VISA ® Debit Cards issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Rewards Checking is available in 50 states (and Washington, DC).

Current Checking Account

The Current Checking Account can be opened with a minimum of $10 with a debit card or an existing checking account.

Current Account Features

  • $10 minimum opening deposit.
  • Savings feature that pays 4.00% APY on balances up to $6,000.
  • No overdraft fees when you overdraw by up to $200 with Overdrive™.
  • Get your paycheck up to 2 days early with direct deposit.
  • Earn points for unlimited cashback at participating retailers.
  • Gas station holds immediately credited to your account.
  • Send money instantly for free.
  • 24/7 member support.

Bancorp South

Bancorp South runs a ChexSystems report but they offer Second Chance Checking Account with unlimited check writing and a debit card. Open an account with as little as a $50 minimum opening balance.

Bank Of Arkansas

They offer Opportunity Checking designed to give you a fresh start from past financial challenges. The monthly fee is $9.95 with direct deposit and $14.95 without direct deposit.

Bank Of The Ozarks

They offer a second chance checking called Pathway Checking. The minimum opening deposit is $100 and there is a $10 monthly service fee.

Centenniel Bank

They offer a second chance checking account called Opportunity 100 Checking. The minimum opening deposit is $100. The monthly service fee is $9.95 with direct deposit or $12.95 without direct deposit.

Diamond Bank

They offer a checking account called Diamond Encore for people who are trying to start over after past mistakes. The minimum opening deposit is $100.00. There is no minimum monthly balance requirement.

First Service Bank

First Service Bank does use Chexsystems, EWS, Telecheck or credit report. They offer several checking accounts.

Focus Bank

They offer Fresh Start Checking. It takes $50 to open the account. Re-establish your credit. The Re-establish your credit. The $5.95 monthly service charge can be reduced to $2 when you enroll in eStatements.

Hope Community Credit Union

They do use chexsystems but you can still get an account once you become a member. They do offer an account called Easy Checking for those reported to chexsystems and those with a credit score of less than 600. There is a $9.95 a month if the balance of 200.00 is not maintained. FREE if balance of 200.00 is maintained.

Red River Credit Union

They offer Fresh Start Checking to help you get back on track and is available to members who may not qualify for a regular checking account. You will be required to take a Checking Account Management Education Program. The monthly fee is $10.

River Valley Community Federal Credit Union

They offer a second chance checking account. The ChexSystems record must be less than $300.00. Any previous account charge off or losses to the Credit Union must be satisfied. The monthly service fee of $5.00. Minimum balance to open is $100.00 and it must be placed on hold during the first 30 days.

Southern Bankcorp

Southern offers a wide variety of checking accounts and they do not use ChexSystems. Some of the checking accounts options are: No service fees; ATM/Debit Cards; Free unlimited checking; and, No or low minimum balance requirements.

Western Federal Credit Union

They offer a second chance account called Right Start Checking. Open with a $25 deposit and no minimum balance requirement. Pay no monthly or per-check fees and enjoy Overdraft Protection up to $250.