Category Archives: Second Chance Banking Maine
Maine Banks with Second Chance Checking Accounts
Some Maine Banks specifically offer “Second Chance Checking Account” programs, which means they’ll open an account for you even if you’re on ChexSystems as long as you’ve already paid any money owed. Some banks have other names for these banking programs, such as “Opportunity Checking” or “Fresh Start Checking.” To open a checking account through one of these special bank programs you must typically apply in person, and in many cases, the bank requires you take a class on how to balance your checking account and avoid overdrawing your account. Second Chance Bank Maine
The best checking accounts you can open online with no credit check, low to no opening deposit and no Chexsystems are: List of Second Chance Banks
- Discover Bank – Open a Discover Bank savings account online instantly and earn a rate 5x the National Savings Average with a low opening deposit and access to your cash anytime. Discover Bank also offers its customer the opportunity to open a checking account. You have to have either a Discover Savings account or credit card to open a Discover Bank checking account.Second Chance Checking
The banks on Checking Help’s List of Second Chance Banks in Maine do not use ChexSystems or check your credit history. Most have short, online applications and do not require an opening deposit, as many other banks require. Consequently, you can open a checking account online and get an instant account number to set up direct deposit. Or you can mail in the opening deposit or, sometimes, use a credit card or prepaid card. 2nd Chance Bank in Maine
You can also apply for a new checking account with a bank that expressly caters to second chance clientele. One such second chance bank is Gorham Savings Bank, which offers Maine residents in Falmouth, Portland, Scarborough and Standish its second chance “Fresh Chance Checking” account. This second chance account requires a $25 initial deposit, and a $8.95 monthly service fee. But this checking account has no minimum balance and no transaction limits, plus free e-Statements and direct deposit. Gorham Savings Bank also allows for some slight leeway with its “Fresh Chance Checking” accounts, only closing account the second time it is overdrawn.
Yet, if you don’t have the money available to pay off your old, overdrawn bank accounts, even banks specifically offering second chance checking might not let you open a bank account. Your ChexSystem record stays on file for five years unless the information in ChexSystem’s report is inaccurate and you file a dispute. Even if you pay off your old bank account, you still have to make sure the bank sends a letter to ChexSystems requesting the removal of any negative information. Banks in maine
Applying for a Bank Account with Bad Credit
Banks requiring that your checking account is enrolled in overdraft protection, in the form of a bank-issued line of credit, will require you don’t have bad credit. The bank will conduct a “hard pull” of your credit report, meaning that the credit check itself will lower your credit score by two points. Our list of recommended national and local second chance banks in Maine include banks that do not use ChexSystems or check your credit history.