According to an FDIC survey conducted in 2017, 52% of the 6.2% of unbanked Americans in the United States did not have enough money to keep or maintain a bank account. In Florida, the number of unbanked households ranged from 5 to 6.5% according to the same survey. Due to many banks requiring minimum balances to keep an account open and applying extra fees, the statistics make sense. If a portion of the 52% are also unable to qualify for a regular checking account, then maintaining second chance accounts can be known to have higher fees and fewer features. For this reason, it makes it more challenging to maintain a checking bank account when you are struggling financially.
Second Chance Checking Accounts In Florida
It is costly not to have a second chance checking bank account. So how do the costs of not having a checking account and having a checking account compare? Not having a second chance checking account means you spend money buying money orders, prepaid debit cards, cashing checks, and more. On the other hand, some second chance banking checking accounts will charge little to no fees and don’t require minimum balances to maintain. Take a look at our top 30 choices for second chance banks in Florida to find a second chance checking account that will help you save and manage your money.
We picked BBVA as the number 1 because it is one of the second chance banks that provides the best features with no fees and an award-winning mobile banking platform. They offer 45 physical bank locations in Florida. They also don’t use your ChexSystems report against you. They use Early Warning Systems to qualify you for an account.
Apply for an Online Checking account and Expect the Following:
- No monthly service fees with your second chance checking
- Open the checking bank account with only $25
- Don’t pay fees for ATMs at 64,000 AllPoint and BBVA locations
- Waive the $3 monthly statement fee by going electronic
- Free and full access to online and mobile banking services, including bill pay and transactions alerts
- Earn cash back for spending money on your free VISA debit card
- Optional enrollment in overdraft protection programs
- Voluntary enrollment in BBVA ClearBenefit Program
2. One United Bank
One United Bank strives to build up their communities by providing services that will educate and support its members in Florida. As the 2nd choice, they offer a second chance checking as a second chance banking option to help people who can’t qualify for a regular checking account due to ChexSystems to get back on their feet financially.
Apply for a U2 Checking account and Expect the Following:
- $12 monthly fee for a second chance checking bank account
- No minimum balance requirements
- $50 opening deposit for a checking account
- Free access to online and mobile banking services with bill pay
- Receive cash for free from their network of 30,000 ATMs
- Deposit checks using the mobile banking app
Enjoy full-service banking features through Chime’s online-based Spending account. We picked Chime as our 3rd choice for the best second chance checking account. They are dedicated to fee-free services, which means they don’t charge their members just for needing a place to store and spend their money. They also don’t check your credit or use ChexSystems to qualify you for a second chance checking.
Apply for a Chime Spending Account and VISA debit card and Expect the Following:
- No monthly fees for a checking account
- Receive your direct deposit up to 2 days before payday
- As you spend money using your debit card, Chime rounds up your transactions and puts the difference into a savings account
- Keep track of your purchases and shut off your card anytime you need to
- Pay for things using your phone instead of your card
- Access more than 38,000 fee-free ATMs
- Be eligible for overdraft protection for free using SpotMe
4. All In Credit Union
With a few locations in Florida, All In Credit Union offers a You Choose Debit checking as a fresh starting checking option to those who need help handling their finances. With the account, you receive a debit card that doesn’t allow overdrafts. Other services are no monthly fees, online banking and bill pay, and free electronic statements.
5. Axiom Bank
At Axiom Bank in Florida, you can apply for an Opportunity Checking for a second chance at maintaining a checking bank account for a deposit of $25. You can enjoy a second chance checking with unlimited check writing, an extensive network of ATM access, no minimum balances to maintain, and access to online features with bill pay. There is a $12.95 fee, but it can be reduced to $8.95 by having a direct deposit.
6. Alabama Credit Union
The On-Track Checking account at one of the Alabama Credit Unions will give you a new start checking to rebuild your banking history. Pay an $8 monthly fee when you enroll in direct deposit, earn reward points when using your card, and access online and mobile banking services with bill pay for your second chance checking.
7. Bank United
For a simple way to manage your money, look into the Value Checking at Bank United for an opening deposit of $50. This checking bank account has a monthly maintenance fee of $7. Still, it can be avoided by either keeping a minimum balance, enrolling in a qualifying direct deposit or by using your debit card at least 10 times per month. The account comes with online services and bill pay.
8. Bank Of the Ozarks
Bank of the Ozarks in Florida offers a Pathway Checking to give you a second chance bank option when you have been turned down for a regular checking bank account. There is a $50 opening deposit required, but no minimum balance needed after that. The monthly fee is $10, but features include check writing, online features, and more.
9. Calhoun Liberty Employees Credit Union
Calhoun Liberty Employees Credit Union in Florida doesn’t use ChexSystems to determine your eligibility for a checking bank account. Their Share Draft checking bank account has no monthly fees, no minimum balance requirements; you can write unlimited checks, and access online banking services.
10. Campus USA Credit Union
You can apply for a Free Checking account at one of Campus USA Credit Unions in Florida with credit approval and a $50 opening deposit. This second chance checking bank account offers no monthly fees or minimum balance requirements with enrollment in electronic statements. Access online services, overdraft programs, free ATM access, and their financial dashboard to help track spending and build a budget.
11. Center State Bank
At Center State Bank in Florida, you can enroll in a Fresh Start Checking account to rebuild your banking reputation. The monthly fee for the checking is $12.95; you can write unlimited checks, take advantage of financial education, access online services, and enroll in electronic statements.
12. Centennial Bank
Take advantage of the Opportunity Checking at Centennial Bank in Florida for a second chance. This opportunity checking bank account is $9.95 a month with direct deposit or $12.95 a month without direct deposit. There is a minimum of $100 to open an account, but no minimum balance requirements apply. Features include online services, free ATMs, and more.
13. Central Credit Union of Florida
The Fresh Start Checking at one of Central Credit Unions of Florida will help you rebuild your banking history. There is no opening deposit for a checking or minimum balance required. Debit or ATM card is eligible upon approval, mobile bank app, assisted savings, and electronic statements.
14. Community First Credit Union
Want the ability to upgrade your second chance checking bank account to one of their better checking accounts after proving your financially responsible? Community First Credit Union in Florida offers a Fresh Start Checking account that will allow you to do that. It is a $10 monthly fee and $25 to open an account, but you don’t need to meet minimum balance requirements. Enjoy online services and a free card.
15. Coral Community Federal Credit Union
The Lifesaver Checking at one Coral Community Federal Credit Unions in Florida offers the simplest way to manage a checking account. There is no monthly fee or minimum balance requirements. Services include online banking, free electronic statements, and a MasterCard debit card.
16. Addition Financial
Apply for an Opportunity Checking at Addition Financial in Florida if you need a second chance checking bank account to rebuild your banking history. There is no money required upfront and no worry about monthly fees. They offer free financial education courses, a debit card, and discount programs.
17. Country Federal Credit Union
Country Federal Credit Union provides Share Draft checking accounts for your account needs. There is no monthly fee for checking as long as you meet direct deposit, payroll deduction, electronic statements, or minimum balances for eligibility. There is access to online services, unlimited check writing, and only $5 to open an account.
18. Eglin Credit Union
Eglin Credit Union offers account features that provide second chance checking account services to those who can’t qualify for a regular account. Their checking accounts include services with no monthly fees, interest-earning, unlimited check writing, optional overdraft protection, and online banking.
19. First Florida Credit Union
The Smart Track Checking account at First Florida Credit Union empowers people to have a fresh start checking to rebuild. This account requires a $25 opening deposit and a $10 monthly fee. Access online services, unlimited check writing, and be eligible to upgrade an account without a fee in 12 months by passing their CheckRight course.
20. First American Bank
If you want a second chance at having a checking account, apply for a Fresh Start Checking with First American bank. There is only a $9.95 monthly fee with no minimum balance requirements. You can write an unlimited amount of checks, access online and mobile banking, and more.
21. First Choice Credit Union
The Fresh Start Checking at First Choice Credit Union will help you rebuild your financial reputation. They charge a small monthly fee with no minimum balance required. Access online services and debit card rewards. After 1 year, you can be eligible to upgrade your account with positive banking to a no-fee account.
22. First Coast Community Credit Union
Take advantage of your second chance with First Coast Community Credit Union. Secure Checking Plus provides no minimum balances, free online services, overdraft protection, interest-earning, and identity theft fraud protection.
23. Florida Credit Union
The Value Checking at Florida Credit Union offers a fresh start checking with no monthly fees or minimum balance requirements. Features include online services, a free box of checks, and a debit card.
24. Gold Coast Federal Credit Union
Gold Coast Federal Credit Union offers a Fresh Start Checking to help you overcome your financial history. Quickly open an account with $5, and don’t worry about maintaining a minimum balance. After one year of no over-drafting on your account, you will be upgraded to their EasyPay Checking.
25. Gulf Winds Credit Union
The Opportunity Checking at Gulf Winds Credit union will give you a second chance checking. There is a $25 opening deposit required and a monthly fee of $10.95. The account comes with online services, electronic statements, free ATM access, and free overdraft transfer protection.
26. JAX Federal Credit Union
Enjoy the Free Checking account for a fresh start checking at JAX Federal Credit Union. This account has no monthly service fees and no minimum balance requirements. You can access online services, mobile pay, and access to over 30,000 ATMs for free.
27. Jet Stream Federal Credit Union
At Jet Stream Federal Credit Union, you can apply for a second chance checking. This account will provide you the opportunity to rebuild your finances. The account requires $25 to open and a $10 monthly fee. There is unlimited check writing and online services. After 1 year of positive banking, you can be eligible to upgrade to a regular checking account.
28. Liberty Savings Bank
Liberty Savings is one of the non-ChexSystems banks that offers a Clean Slate Checking to those who can’t qualify for a regular account due to ChexSystems. You will need to apply and contact the bank for more details.
29. McCoy Federal Credit Union
Apply for a Fresh Start Checking at McCoy Federal Credit Union. This account will give you a second chance at building your finances. There is unlimited check writing, free direct deposit, eligibility to earn VISA debit rewards, online services, and courtesy pay.
30. Members First Credit Union
Members First Credit Union offers a Second Chance Checking to those in need of a fresh start. The account requires a $12 monthly service fee, but you don’t need any money to open. You can also enroll in online banking, mobile check deposit, direct deposit, and receive a free debit card.
A mother who was once in debt along with a bad credit score is here to share here experience, tips, and guides on how she overcame her debt and achieved a fantastic credit score.