Opening a bank account may require a good credit and banking history. Once you have an account with a traditional bank, you'll be better able to manage your money and build wealth. And you can avoid the high cost of using alternative financial services like check-cashing stores and payday loans.
Many unbanked people do not have a checking or savings account due to bad credit or a troubled banking history. But there are banks and credit unions in Minnesota that will give you a second chance at banking.
Check out our list of second chance checking accounts in Minnesota. 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.
Second chance checking accounts in Minnesota
OneUnited Bank
OneUnited Bank's Online Checking Account is available to people in ALL STATES. We like OneUnited Bank because customers can add cash to the OneUnited Bank Debit Card at over 90,000 locations across the country through a partnership with Green Dot®.
OneUnited Bank offers the Black Wall Street Checking account with no monthly fee. However, if you don't qualify, they offer the U2 E-Checking Account specifically designed for bad credit.
To get started go to the “Get the Card” button, enter your name, email address and cell phone number. Choose the Black Wall Street Checking account option along with the opening deposit ($25.00 minimum), then complete your identification details (name, address, SSN, and employer).
Black Wall Street Checking Account Features
- Minimum opening deposit of $25 (can be funded with a credit card).
- No monthly fee.
- Get paid up to 2 days early with early direct deposit.
- Free Online & Mobile Banking.
- Obtain Cash, Surcharge Free at Over 35,000 ATMs Nationwide.
- Deposit checks through the mobile app.
- Free Bill Pay
- OneUnited also offers a secured credit card that reports to the major credit bureaus.
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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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Gate City Bank
ChexSystems is not used to verify accounts. Your driver's license number and Social Security number will be verified through Choice Point.
Westconsin Credit Union
They use a credit report to open accounts. The Foundations second chance account comes with an $8 monthly account fee, debit card use only—no checks will be issued.
Marine Credit Union
They offer a “Credit Builder Checking Account” if you’ve previously been turned down for a checking account. There is a $5 monthly fee.
American Federal Bank
They use a credit report to verify new accounts and offer a variety of checking account products.
United Savings Credit Union
They use a credit report to verify new customers.
Minnesota Valley Federal Credit Union
They offer second chance checking. All features are the same as the primary draft/checking account. $100 minimum balance to open the account plus a $2 monthly service fee if balance falls below $100.