The reasons people are unbanked can vary.
Iowa has a Bank-On Program that negotiates with banks and credit unions in local communities to reduce barriers to banking and increase access to the financial mainstream.
Residents can find many Iowa banks that don't use ChexSystems along with Iowa second chance checking accounts.
Living without bank account causes families to look toward alternative financial services like check cashing stores to conduct financial business.
Plus, families that live without bank accounts encounter barriers to building savings and assets for a better financial outlook. Check out our list of second chance checking accounts in Iowa. 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.
Iowa 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.
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Rewards Checking customers earn 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants, and bars – including deliveries – and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services, and 1% cash back on all other debit card charges. 2% cash back is limited to $500 in rewards per calendar year; after $500, customers earn 1% cash back on all eligible debit card charges for the remainder of the year. Some limitations apply. Please refer to the applicable Upgrade VISA® Debit Card Agreement and Disclosures for more information.
Upgrade is a financial technology company, not a bank. Rewards Checking services provided by 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. Personal Loans made by Upgrade's bank partners. Personal Credit Lines are issued by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. The Upgrade Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.
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.
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Bank of the West
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.
Alliant Credit Union
Look for the Bank On sign at a bank or credit union in your community. Alliant Credit Union is a partner in the Bank-On Iowa Program. Alliant offers checking account with several features including no monthly service fee, free checks, mobile banking, online banking, bill pay services and a Visa Debit Card.
Dubuque Bank & Trust
Make sure you request to be part of the Bank-On Program. The basic checking account is free but requires a minimum $25 opening deposit. Online banking, bill pay and direct deposit is available but there is a $2.50 charge for paper statements unless you enroll in eStatements.
IntegrUS Credit Union
IntegrUS Credit Union is part of the Bank-On Program. Members enjoy a checking account with no monthly or annual maintenance fees, a free MasterCard debit card, free IntegrUS online banking featuring personal financial tools, estatements, text and email account alerts, free iPay Bill Pay and more.
Dupaco Community Credit Union
As part of the Bank-On Program Dupaco Community Credit Union offers a free checking and an interest-bearing checking account, a free MoneyCard (that's our Debit/ATM card) that allows you to make purchases anywhere MasterCard is accepted. You can also access your account from Dupaco-owned ATMs (fee-free!), or any of the thousands of Privileged Status ATMs nationwide.
Keystone Savings Bank
Keystone Savings Bank only uses Telecheck to open accounts. They offer a variety of deposit account products.
Exchange State Bank
Exchange State Banks says they offer checking and savings accounts that work for just about anyone. They do not use ChexSystems, Telecheck, EWS or a Credit report.
Marine Credit Union
They do not use ChexSystems but they do run a Transunion credit report and look at your overall credit. If you don't qualify, they have a program called Get in Balance. The Get in Balance program requires you to take an online checking account course.
R.I.A. Federal Credit Union
R.I.A Federal Credit Union runs a credit report to open a checking or savings account. They offer several types of checking account products.
Farmers State Bank
Farmers State Bank offers a variety of checking accounts but while they don't use ChexSystems, an Equifax credit report is run. Customers should have a minimum 600 credit score.
Peoples Trust and Savings Bank
At Peoples Bank, you'll find six checking accounts with varying benefits to help practically anyone manage their finances better. They use credit reports to qualify customers.
MBT Banks uses Equifax to qualify customers. They offer a variety of checking accounts.
State Bank does not use ChexSystems to open accounts but they do run a credit report and require a minimum credit score of 675 to open accounts.
Iowa Falls State Bank
Four different checking accounts are offered. They require proper ID and run a credit report.
Dewitt Bank and Trust
Dewitt Bank and Trust offers checking, savings, bill pay and more. They run a credit report to open accounts.
Farmers Trust and Bank
Farmers Trust and Bank offers a variety of checking account products, they are a no-chexsystems bank but a credit report is run to qualify new customers.
North Star Community Credit Union
They use a credit report to qualify new customers. North Star Community Credit Union offers checking and savings accounts.
Midland Credit Union
Midland Credit Union runs a credit report to qualify new customers, they offer both checking and savings accounts.
Community Bank does not use ChexSystems. They run a credit report to qualify new customers and require proper identification along with a Social Security card.
Farmers Savings Bank and Trust
Farmers Savings Bank and Trust does not use ChexSystems, they run a credit report to open new accounts. New customers can choose from a large variety of checking and savings account products.
Iowa State Bank and Trust
Iowa State Bank and Trust runs a credit report to open either their checking or savings accounts.
Clarke County State Bank
A credit report is used to determine new accounts. Clarke County State Bank offers several checking account products.
Home State Bank
Home State Bank runs a credit report to open a checking account. They don't require a credit report when opening a savings account.
Cedar Falls Community Credit Union
Cedar Falls Community Credit Union does not use ChexSystems to open a checking account, a credit report is pulled.
Frontier Savings Bank
Frontier Savings Bank runs a credit report. They offer four checking accounts to choose from.
Ackley State Bank
Ackley State Bank does not use ChexSystems, a credit report is used to qualify new accounts to open checking accounts.
Farmers and Merchants Savings Bank
Farmers and Merchants Savings Bank will run a credit report to open new accounts. A variety of checking account products is available.
First Trust and Savings Bank
First Trust and Savings Bank runs a credit report to open new accounts. They offer several checking and savings account products.
Hills Bank and Trust Company
Hills Bank and Trust Company will run a credit report to open new accounts. A minimum credit score of 580 is required.
Collins Credit Union
Collins Credit Union offers a 2nd chance checking account called Take2 Checking. It comes with all the features of a regular checking account but there is a $9.95 monthly fee. Good for customers looking to rebuild credit. After 12 months in good standing with a Take2 Checking Account, you may qualify for a traditional Collins Community Credit Union checking account.
Federation Bank runs a credit report to open new accounts. Customers needing a second chance checking account can open the Fresh Start checking account. The minimum to open the second chance account is $250 plus a $6.00 monthly service fee.
River Community Credit Union
River Community Credit Union does not use ChexSystems, a credit report is pulled to open a checking but it is not required for a savings account.
Greater Iowa Credit Union
They offer a second chance checking checking account called the Fresh Start Account. There is no minimum opening deposit required but the monthly fee is $5.