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

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Shivangi Gupta
Shivangi Gupta
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If you are looking for a second chance checking accounts in Arizona, we are assuming that you are one of the Arizonians who got blacklisted by ChexSystems. ChexSystems is a consumer reporting agency that provides information to more than half of the banks and credit unions for screening their new applicants. And if you are blacklisted by ChexSystems, and you own a negative consumer report on your part, there are high chances that you may not be allowed to open a new account. Moreover, your existing account can get blocked (in the worst case). According to an FDIC study, by 2019, more than 24% of Arizonians are either unbanked or under-banked. 

The financial game becomes a hard-core challenge when you have a negative report in ChexSystems. Although, challenges are always conquerable in today’s times. Second Chance checking accounts in Arizona is the perfect way to put up again in your financial life. Although there used to be some second chance checking accounts with fewer services and high rates, this no longer prevails with the increase in technology and flexibility in the finance sector. 

Today, there are countless banks with unlimited services in this industry. Choosing the best out of rest is the hard way. However, we have listed some of our top pickups in the category of No ChexSystems Banks / Opportunity Banks / Second Chance Checking accounts in Arizona. 

Top Banks For Second Chance CHECKING ACCOUNTS in Arizona

After being on the verge of getting blocked from financial life, it takes a lot of courage to restart it. Check out the following Second Chance Checking Accounts in Arizona that can make it easy for you to bank with ease: 

1. Chime Bank (OUR TOP PICK)

Arizonians, it is time to go back to your financial life with our top-pick ‘CHIME BANK’. Chime Bank is an online-based financial company that offers a fee-free checking account with easy-breezy mobile banking. It is a flexible, conventional, economical, and user-friendly bank that allows everybody to enter their space, irrespective of their credit score, negative report, race, or sex.  

 second chance checking accounts in Arizona

Chime Bank Highlights that you need to know:

  • An all-digital bank that allows mobile banking from anywhere and everywhere.
  • No Monthly fee/Annual service fee/Overdraft fee/Foreign transaction fee is charged.
  • Broad access ATM networks of more than 60,000 fee-free ATMs (available like Walgreens, 7-Eleven, CVS, and Pharmacy).
  • Visa debit card accessible without any prior cost.
  • Cash withdrawals at SpotMe ATMs.
  • You can roughly round up your purchase to the nearest dollar, and the left or extra amount is deposited into your savings account. 
  • It provides High-security measures and a reliable customer care service. 
  • Minimum deposit required: NIL.

Read about Chime Credit Builder Secured Visa Card Review 2022

2. 1st Convenience Bank

1st Convenience Bank started its journey in 1901 with the sole objective to provide an eAccount service to customers. It provides a flexible platform to them in this tired-some time of banking. This is a bank that puts its customers before their own self, which makes it a good second chance checking account in Arizona. 

 second chance checking accounts in Arizona

1st Convenience Bank Highlights that you need to know:

  • Effortless Digital Banking.
  • No minimum deposit is required when an eAccount is opened in person, however, it is $20 in case of an online transaction.
  • Access to debit Mastercard. 
  • Free Gold Key ATM withdrawals.
  • When an eStatement is enrolled, the monthly maintenance service charge is $5. 
  • Available in Mesa, Phoenix, Scottsdale, Tucson, and much more. 

3. Alhambra Credit Union

Another best Second Chance Checking Account in Arizona is Alhambra Credit Union. It has access to a basic checking account for people with negative ChexSystems reports. In other words, if you ever had a huge pile of unpaid overdraft fees or have ever been indulged in fraudulent activities, you could qualify for a basic checking account. 

 second chance checking accounts in Arizona

Alhambra Credit Union Highlights that you need to know:

  • Digital Banking is available.
  • Fee-free withdrawal is allowed from all of the Alhambra CU ATMs.
  • For non-Alhambra CU ATMs, there are only four fee-free monthly withdrawals allowed.
  • There are two branches in Arizona: Phoenix and Litchfield.

4. American First Credit Union

If you have a good Experian Credit Report, American First Credit Union Bank is for you. It has a classic checking account that manages your money in an easy and speedy manner.

 second chance checking accounts in Arizona

American First Credit Union Highlights that you need to know:

  • Economical option with no or low monthly fees and low-balance fees.
  • Money manager tool that helps you in keeping a check on your spending habits and a FICO credit score.
  • Access to more than 80,000 fee-free ATM networks across the country.
  • Debit card limit for purchases: $3,000; and for POS purchases: $1,000.

Take a look at 6 Banks That Don’t Use ChexSystems | Everything That You Need To Know.

5. Copper State Credit Union

Second Chance Checking Account in Arizona becomes convenient and uncomplicated with Copper State Credit Union’s Try Again Checking Account. Even with a negative ChexSystems report, it provides a way of trouble-free opportunity banking to Arizonians. 

second chance checking accounts in Arizona

Copper State Credit Union Highlights that you need to know:

  • A mandatory task to complete an online personal finance course, named as CheckRight, in order to open your account.
  • The monthly maintenance service charge applicable is $10.
  • A total of five fee-free monthly ATM transactions are allowed.
  • 24 / 7 online banking.
  • If your account manages to be on top for a full one year, it converts itself into a CashBack Checking Account. 

6. SoFi Bank

SoFi Securities LLC, a FINRA registered broker-dealer, offers a SoFi Money Cash Management Account to the citizens. It is not a ChexSystems follower, which makes it an easy Second Chance Banking in Arizona. The sign-up procedure takes less than a minute. With an early deposit of $10 within 5 days, an additional amount of $25 is deposited in your checking account instantly. 

 second chance checking accounts in Arizona

SoFi Bank Highlights that you need to know:

  • Access to a debit MasterCard.
  • Electronic bill pay allowed.
  • No monthly fee or overdraft fee is charged.
  • 55,000+ ATM networks are available within the Allpoint network.
  • The out-of-network ATM fee is refundable.
  • SoFi members can avail Free career coaching and financial advice.
  • High-security measures and good customer care service availability. 
  • The minimum balance required is ZERO.

Know about What is TeleCheck | Everything That You Need To Know

7. GO2BANK

Second Chance Banking in Arizona becomes trouble-free with GO2BANK. GO2 BANK offers an early deposit to its checking account clients. It rewards its banking family with multiple cashback offers on particular purchases. Go2Bank also lets its customers have access to their credit card services. accepting cash deposits from up to 90,000 Green Dot locations worldwide, 

 second chance checking accounts in Arizona

Go2 Bank Highlights that you need to know:

  • Credit card services are available.
  • Cash deposits are accepted from up to 90,000 Green Dot locations around the globe. 
  • Access to Mobile banking and online banking.
  • A monthly service charge of $5 can be waived off with a direct deposit of more than $500. 
  • Overdraft protection, although a fee of $15, can be charged if funds are not replaced within 24 hours. 

Read about Vital Facts About Charge-Off Accounts | 6 Unknown Facts

8. Navy Federal Credit Union Bank

Founded by a group of 7 Navy members, it is a bank with acceptable rates and relatively feasible services. It originated with an intention to let navy people meet their financial goals with ease. It offers two banking choices to customers: Active Duty Checking and Free e-Checking.   

 second chance checking accounts in Arizona
  • One-day early direct deposits.
  • No minimum deposit is required.
  • Owners of military direct deposit accounts get relief from the monthly service charge.  
  • Availability of 30,000 fee-free ATM networks, out-of-network fees up to $20 is reimbursable.
  • Overdraft protection for savings transfer, line of credit, or optional overdraft protection service is provided.
  • Active military, retired military, or reservists can avail of free active-duty checking.

Wrapping Up

When a financial life is put on hold due to our negligence, regaining that level of confidence and strength is hard. However, it can be somewhat stress-free with these easy second chance checking accounts. This second chance checking accounts in Arizona is a conventional and flexible option for you to choose.

Analyze the banks stated above and let us know about your experience. Do share your thoughts.

Good Wishes!

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