Bad Credit? Bank Accounts That Will Forgive You

If you are one of the individuals with bad credit, there are bank accounts can help you mend it. The reputation of your past credit effects your application when opening a bank account. However, there are banks that offer programs that allow clients with bad credit to use their banking services.

Second Chance Checking Accounts

Some banks, although not very many, offer their customers with credit history problems bad credit bank accounts or as they are sometimes called, second chance checking accounts. One of the best examples of this kind of option is found with Wells Fargo. Wells Fargo designed "Opportunity Checking," an account package that caters to clients with negative credit ratings. Although the features of this account are not as comprehensive as the regular one, there are certain banking transaction privileges that you can enjoy. For more information about this package, check www.wellsfargo.com/jump/checking/opportunity.

Bank Accounts Online

The other option to get bad credit bank accounts is through online banking. Most banks operating online approve applications regardless of the applicant's negative credit standing. Some of the benefits this second chance banking system offers are:

  • free direct deposits and bank wire deposits
  • bank routing and account number
  • writing checks online without bill fee
  • overdraft protection
As a precautionary measure, see to it that the e-bank you are applying to is an FDIC insured.

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