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2022 List of Tennessee Second Chance Checking Accounts


Traditional banking can save money for consumers in Tennessee without a bank account. It has been estimated that using alternative financial services such as check cashing stores, prepaid debit cards, payday, title or pawnshop loans can add up to $1,200 a year in fees.

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. There are several Tennessee Second Chance Checking Accounts. Get back into banking.

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 Tennessee. 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.

Tennessee 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.

Appalachian Community Federal Credit Union

Appalachian Community Federal offers a Fresh Start Checking. There is a minimum opening deposit of $20 and a monthly service fee of $10.

Bancorp South

Bancorp offers a Second Chance Checking Account that can help get you back on the right track. The minimum opening deposit is $50 and the monthly service fee is $10.00.

Community National Bank

Several checking account products are available. Community National Bank only uses a credit report to open accounts.

Commercial Bank and Trust

Several checking account options designed to fit your specific needs. A minimum credit score of 600 is required.

First National Bank

Several checking accounts are available with a credit score of 600 or higher. Credit scores below 600 may be offered the Credit Builder Account if you have direct deposit. If qualified it comes with a debit card, free online banking with bill pay and semi-annual credit counseling. There is no minimum opening deposit required.

First South Credit Union

Several checking account products are available. First South Credit Union only uses a credit report to open accounts.

Fort Sill National Bank

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.

Greater Eastern Credit Union

Greater Eastern Credit Union has a Fresh Start Checking for customers looking for second chance checking account in Tennessee. The monthly service charge is $10.00, with limited check writing, online banking, Visa check card and mobile banking.

Highland Federal Savings and Loan

Several checking account products are available with only proper identification required to open an account.

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. $9.95 a month if the balance of 200.00 is not maintained. FREE if balance of 200.00 is maintained

Home Federal Bank

Residents looking for a Tennessee second chance checking account, Home Federal Bank offers a second chance checking account called Square One Checking with two options available. One option with direct deposit is $12.99 and the other option is $19.99 without direct deposit. Both Square One Checking accounts charge a $10 set up fee and require a $50 minimum opening deposit.

Republic Bank

Another Tennessee second chance checking account is offered at Republic Bank. It’s called the Checking Builder Account and has no minimum balance, unlimited check writing free internet banking and debit card.

Renasant Bank

You must apply online for one of Renasant Bank’s checking account offers. Customers have reported being approved even with a ChexSystems, Telecheck or EWS record as long as there is no money owed to Renasant Bank. Checking accounts are available for people living in AL, GA, MS and TN.

Stanley Credit Union

A Tennessee second chance checking account called Renew Checking is available. The second chance checking account is designed for those members who have struggled with a checking account in the past to get back on their feet. It requires a $50 minimum balance to open the account and a $7 monthly maintenance fee.

Select Seven Credit Union

Get a Tennessee second chance checking account at Selecct Seven Credit Union. The monthly service fee is $10 and after 12 months of good history NO monthly service fee is required. Customers get a Visa check card and checks. There is a $50 minimum deposit required to open the account.

TVA Credit Union

Several checking account products are available. TVA Credit Union only uses a credit report to open accounts.

United Southeast Federal Credit Union

Several checking account products are available. United Southeast Federal Credit Union only uses Telecheck to open accounts.

Western Federal Credit Union

Another Tennessee second chance account is the Right Start Checking account at Western Federal Credit Union. The Right Start Checking is for first-timers or account holders looking to rebuild a positive checking account history.
Open with a $25 deposit and no minimum balance requirement, enjoy free checking and overdraft protection up to $250.

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