Second Chance Banking In Texas | 7 Best Opportunity Banking In Texas

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Shivangi Gupta
Shivangi Gupta
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Having an advanced banking system is a dream for many Texans because Texas has one of the highest unbanked citizens today. According to sources, close to 1 million Texans do not have a bank account, and they rely on high-cost PayDay loans, check cashing companies, and prepaid cards for owning a financial life. It becomes worse when we have a negative record on ChexSystems. ChexSystems is used by almost every second bank today to screen the new applications for a bank account opening, which means that your financial life is extensively disturbed if ChexSystems blocklist you. However, some best banks are available in Texas that allow you a Second Chance Banking to up your financial game. 

ChexSystems can be a big shock for some, especially when we are suddenly notified that our application for a new account opening is rejected. Second Chance Banking offers you a second chance to resume your financial transactions, open a new bank account, and enjoy some other benefits. Earlier second chance banking used to be a costly option with comparatively fewer services and options, but now Second Chance Banking is relatively a good option to choose after being ditched by ChexSystems. 

Once you are tracked by ChexSystems, you cannot resume your banking for a full 5 years with those existing accounts. However, we have listed the best banks in Texas that can be your life savior for second chance banking/opportunity banking. 

Top Banks For Second Chance Banking in Texas

1. Chime Bank (OUR TOP PICK)

Chime is a fast-growing financial technology company in today’s time with a strong network of online banking and alluring financial features. Even if you have got a bad credit score, negative ChexSystems report, or bad banking history, Chime offers second chance banking to every individual. 

Second Chance Banking In Texas

Chime is known for a few of its highlights like:

  • No monthly or annual service fee and no overdraft fee are applicable.
  • 60,000 + fee-free ATMs available like Walgreens, 7-Eleven, CVS, and Pharmacy.
  • Cash withdrawals are allowed at SpotMe ATMs.
  • High-security measures and good customer care service availability. 
  • No minimum deposit is required.
  • No interest is charged to build credit. 

Also, read Chime Credit Builder Secured Visa Card Review 2022

2. SoFi BANK

SoFi Bank is famous for its SoFi Money Cash Management Account and it is available in all 50 states. It doesn’t use ChexSystems for approving new applications and also deposits an additional $25 when a customer deposits a minimum of $10 within 5 days while signing up. With SoFi Bank, you get a smartphone application, debit MasterCard, and a chance to earn interest on all of your money in the account.

Second Chance Banking In Texas

SoFi Bank is known for a few of its highlights like:

  • No fee is applicable.
  • 55,000+ ATM networks are available within the Allpoint network.
  • Out-of-network ATM fee is reimbursable
  • Free career coaching and financial advising.
  • High-security measures and good customer care service availability. 
  • No minimum balance is required.

Also, read 8 Best Second Chance Checking Accounts in Arizona: Bucker Up Arizonians!!

3. Acorns BANK

Acorns Bank is a trustworthy option for second chance banking as well as for investing purposes. It encourages a way of smart banking and smart investing. With a good reputation in the market, it has made its way of building a secure system for every customer.  

Second Chance Banking In Texas

Acorns Bank is known for a few of its highlights like:

  • Highly suitable for personal checking, investment, and retirement in a common digital platform.
  • No hidden fee because the spare money is invested instantly.
  • 55000 fee-free ATM networks are available nationwide and globally. 
  • FDIC-insured up to $ 250,000.
  • Free transfers.
  • Invest your money before it is spent, to ensure the smart deposit is built-in. 
  •  A visa debit card is included.

Also, read Best Free Online Banks 2022 | Top 10 List

4. Go2Bank

Second Chance Banking In Texas

Go2Bank is an early direct deposit bank that offers cashback rewards on particular purchases.  From giving a Go2Bank credit card service to accepting cash deposits from up to 90,000 Green Dot locations worldwide, Go2Bank is a feasible and attractive option to choose from. 

Go2Bank is known for a few of its highlights like:

  • Mobile banking availability.
  • The monthly fee is $5, can be waived off if your direct deposit is more than 500.
  • Overdraft protection but a fee of $15 can be charged if funds are not replaced within 24 hours. 

Also, read 6 Banks That Don’t Use ChexSystems | Everything That You Need To Know

5. Navy Federal Credit Union Bank

Navy Federal Credit Union was originated by a group of 7 Navy Department employees during the end of the Great Depression, with the sole objective to help themselves and their fellow workers build a bridge to meet financial goals. They offer loans at affordable rates and flexible terms and conditions.  

Second Chance Banking In Texas

Navy Federal Credit Union Bank is known for a few of its highlights like:

  • One-day early direct deposits.
  • The minimum deposit required is zero.
  • A relief from the monthly service charge if you are holding military direct deposits.
  • 30,000 fee-free ATM networks available, refundable out-of-network fees up to $20.
  • Overdraft protection is possible with three options: savings transfer, line of credit, or optional overdraft protection service.
  • Free active duty checking is available for active military, retired military, or reservists.

Also, read 7 Best Instant Loan Apps in the US 2022 | Cashout $50-$500 Immediately

Wrapping Up

Second Chance Banking in Texas is a risky game in Texas, although high risks always lead to high rewards. We have wrapped up some best banks for second chance banking in Texas, keeping in mind your choice of consideration, which can save your pocket and let you earn some cash rewards in a better way. Analyze them and let us know which bank was the most suitable one for you.

Have Good Banking!


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