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Kentucky Banks with Second Chance Checking Accounts
Some Kentucky 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. Our list of recommended national and local second chance banks in Kentucky include banks that do not use ChexSystems or check your credit history.
Alternatively, you can open a new bank account online with national banks that do not check ChexSystems, with no credit check & no opening deposit immediately required:
- BBVA Compass Bank – Open an online checking account with the new ClearConnect checking account. The BBVA Compass ClearConnect Checking Account is a free checking account and offers customers the chance to open an online checking account for only $25. Enjoy no monthly service charges, free online and mobile banking, bill pay and online statements. The ClearConnect Checking Account has no ATM fees at any BBVA Compass or Allpoint® ATM. You’ll also receive a BBVA Compass Visa® Debit Card you can personalize with you favorite photo. Chexsystems banks in Kentucky including Louisville, Lexington, and Florence, Kentucky.
- 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. The opening deposit is $0 but you have 30 days to make a deposit at a local branch or by setting up direct deposit. 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. Banks in Kentucky
The banks on Checking Help’s List of Second Chance Banks in Kentucky 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. Second Chance Banks in Kentucky
Of course, you can also apply for a new checking account with a bank that specifically cater to second chance banking customers. One such Kentucky second chance bank with branches in Louisville, Berea, Lexington and Richmond is Park Community Federal Credit Union. Park Community offers a “Fresh Start” checking account that requires no minimum balance, free, unlimited debit transaction and free, unlimited ATM transactions at Park Community ATM locations, and free online banking, e-Statements and bill pay. Second Chance Banks in Kentucky
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.
Applying for a Bank Account with Bad Credit Banks in Kentucky Not Using Chexsystems
When you apply for a new bank account, some banks will also check your complete credit report and score. The credit check itself isn’t usually the reason banks will deny you a checking account. Banks tend to deny you a bank account, not because you have unpaid credit cards or a bad credit score, but because you bounced checks in the past or still have a negative balance with a previous checking account.
Second Chance Checking Bank with no credit check best bank for bad credit and no opening depositin Kentucky Not Using Chexsystems
Second Chance Banks in Kentucky