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2022 List of Virginia Second Chance Checking Accounts


Virginia second chance banks can offer solutions to residents who face barriers to traditional banking institutions. The unbanked and under-banked have difficulty gaining access to the financial system except through alternative providers. These alternative financial providers include costly check cashing stores, money orders, pawn shops and auto title loan lenders.

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 Virginia. 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.

Virginia 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.

Chesapeake Bank

Chesapeake Bank does not use ChexSystems. Telecheck is used to open new accounts. Several checking accounts are available. There is a checking account worksheet to help you determine which account is best for you. Choose from an interest bearing account, a basic account or an account with other types of perks.

Central Virginia Federal Credit Union

Central Virginia Federal Credit Union offers a Fresh Start Checking account that comes with unlimited check writing and a visa debit card. Other features include online, mobile and telephone banking. This is a no opening deposit checking account.

Healthcare Systems Federal Credit Union

Get a second chance at financial health with the “Second Chance Checking Account.” Customers get free direct deposit, free online banking and bill pay. After 12 months successful account management there is a chance to upgrade to a regular checking account. There is a $10.00 monthly service fee for the Second Chance Checking Account.

Main Street Bank

Main Street Bank does not use ChexSystems. Telecheck is used to open accounts. They offer two checking options both require a $50 minimum opening deposit. Checking accounts feature online airbanking, a Visa debit card, free ATM access, mobile banking, mobile deposit, bill pay and e-statements.

Member One Federal Credit Union

Member One Federal Credit Union offers a “Smart Choice Checking” if you’ve been denied a bank account in the past. You must visit a branch location to learn about thenew Smart Choice Checking Account.

Old Point National Bank

Old Point National Bank does not use ChexSystems. Telecheck is used to open accounts. They offer several checking account options. All the checking accounts feature unlimited check writing, free Visa debit card, free online banking and mobile banking.

Pioneer Bank

Pioneer Bank does not use ChexSystems. Telecheck is used to open accounts. They offer a wide array of checking accounts.

United Southeast Federal Credit Union

Telecheck is used to open accounts. No minimum balance required to open an account. Other features are no monthly service fee, no per check charges, a free Visa debit card, free mobile access and free Checks2US mobile deposits, free online bill pay, free eStatements and free overdraft protection from your savings account.

United Bank

United Bank offers several checking accounts and they do have a free account for everyone. The “United FREE Checking offers No minimum balance; No monthly service charge; No per check charge; Unlimited check writing; United VISA® Check Card*; FREE Online Banking; FREE Bill Pay and eStatements. They do not use ChexSystems. The minimum opening deposit is $50.

Wells Fargo Bank

The Opportunity Checking account is designed for customers who have been unable to open a checking account due to their prior credit or banking history. There is a $10 monthly service fee which can be avoided by making 10 debit card purchases or maintaining a minimum daily checking balance of $1,500, or having a direct deposit of $500 per statement cycle. The minimum opening deposit is $50.


Woodforest offers a “Second Chance” account. The minimum opening deposit is $25.00. There is a monthly service charge which breaksdown as follows: $7.95 with direct deposit(3); $9.95 without direct deposit and a $9.00 one-time account set up fee.

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