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2022 List of New Jersey Second Chance Checking Accounts


Consumers without a bank account will benefit from second chance checking accounts in New Jersey, according to a recent report from the Federal Deposit Insurance Corp.

The report says one in 4 New Jersey residents conducts financial transactions either without a bank account or through some type of alternative financial service such as a check-cashing store or prepaid debit card.

Operating financial transactions outside the mainstream banking system costs money in extra fees and interest and makes it tougher to build credit and financial stability.

Check out our list of second chance checking accounts in New Jersey. 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.

New Jersey 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.

Atlantic Federal Credit Union

For people unable to open a checking account due to negative history in ChexSystems, Atlantic Federal Credit Union offers a Second Chance Checking could get you back on track. Rebuild your credit and move to a regular checking account after 6 months of good account management. There is a $10 monthly service charge. The account features a Visa debit card, free online banking and bill pay and free mobile banking.

Cape Bank

Cape Bank only uses 2 forms of identification to open a bank account. They offer a variety of checking accounts to choose from. All banking account packages include a Visa check card, online banking, bill payment, mobile banking, direct deposit and free initial check order.

Century Savings Bank

Two forms of identification is required to open an account. Century Savings Bank does not use ChexSystems. There are several bank accounts to choose from. All checking accounts include free online banking, free bill payment, a Visa check card, free automated teller and mobile banking.

Credit Union of New Jersey

The Right Turn Checking account is available to members who may not qualify for our traditional checking accounts. There is a minimum opening deposit of $100. A checking account management course is required. There are no check writing privileges, overdraft protection or courtesy pay. The monthly fee is $10. The account features mobile banking, bill payment and a CUNJ Check Card with $250 purchase limit & $250 ATM withdrawal daily limit. After 12 months of good account behavior you may qualify for a regular checking account.

First Atlantic Federal Credit Union

Free checking account that does not use ChexSystems. Access to over 30,000 fee-free ATMs. There are no minimum balance requirements or monthly fees. Direct deposit is not required for free monthly checking.

Garden State Federal Credit Union

Garden State Federal Credit Union does not use ChexSystems. Only proper identification is required. Choose from several different accounts. All checking accounts include a Visa Check Card.

IRCO Community Federal Credit Union

Proper identification is required. IRCO Community Federal CU does not use ChexSystems. Checking account features free overdraft protection, free online banking and bill pay, a Visa debit card and no per check fees. There is a $10 monthly service fee for accounts that do not maintain a $250 balance.

Jersey Shore Federal Credit Union

Jersey Shore Federal Credit Union offers a Fresh Start Checking account. There is a $25 minimum opening deposit. A monthly service fee of $15 is required. You must successfully complete a checking account management program. Direct Deposit and Payroll Deduction may be required.

NewField National Bank 

Basic free checking account available to all consumers 18 or older. A minimum deposit of $50.00 is required to open a NJ Consumer or Student Checking Account. No minimum daily balance requirement or service charges. They do not use ChexSytems but they do use EWS.

Pennsville National Bank

Only proper identification is required to open a checking account. They offer several checking accounts including free and interest bearing checking accounts.

South Jersey Federal Credit Union

Only proper identification is required to open an account. The checking account features no monthly service fee, no minimum balance requirements, unlimited check writing, free mobile banking, a free Visa debit card and no minimum deposit to open.

United Teletech Financial Federal Credit Union

If you’ve had trouble getting a checking a Fresh Start Checking may be the account for you. You will get a full-service checking account to get you back on your financial feet. After 12 months of your account being in good standing, you have the opportunity to upgrade to a different checking account option. The account features online banking, mobile banking and unlimited check writing.

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