The Best Second-Chance Bank Accounts of 2022 Arizona

Best Second Chance Banks & Credit Unions in Arizona

Nowadays, it can be really hard to find a bank that doesn’t use credit reporting agencies in Arizona. But have no fear! Other options might be even better. A second chance bank account is a version of a standard checking account offered by a financial institution that doesn’t work with a credit reporting agency like EWS or ChexSystems. The bank can still check your history, but because it is a second chance bank, it offers an account with a slightly higher monthly payment.

At the end of the day, it’s not about giving out a loan or mortgage, but about letting you manage your funds!

Chime

When it comes to finding a second chance bank in Arizona, Chime is the best option. You can open Chime Spending Account with this bank to manage all your banking transactions. Established in the year 2013, Chime has been offering second chance bank accounts to residents of Arizona for many years. This bank offers various services like a debit card with no credit check and a mobile bank account.

Other features of Chime are an award-winning financial app and a free debit card. Moreover, you won't pay monthly maintenance or overdraft fees. With this bank, you can also get your paychecks up to 2 days earlier. This makes banking faster and easier. Chime offers a Visa debit card, as well as a Spending Account and Savings Account.

Moreover, Chime offers an excellent second chance banking experience without involving the ChexSystems. Its online app does not require any monthly maintenance fees, which is another benefit. Additionally, Chime account holders can use 60,000+ fee-free ATMs. Chime also has a program that speeds up direct deposit. In other words, if you're worried about your negative ChexSystems record, you're not alone.

Pros

  • No foreign transaction fees
  • No monthly fees or overdraft charges
  • No minimum deposit
  • No minimum balance requirement
  • Offers free debit card
  • Robust mobile app and website

Cons

  • No face to face service is available
  • Not all services are free

Why Recommended

  • Offers online and mobile baking services
  • Gives access to 60,000+ free ATMs
  • Grow savings with debit card round-ups
  • No ChexSystems or credit check
  • Helps to transfer money and deposit checks easily

Summary

Chime is overall the best bank that doesn't use ChexSystems and offers second chance banking facilities in Arizona. You can easily open Chime Spending Account with this bank and get a free debit card without any credit checks. These online banks don't charge any monthly fees or have any minimum balance requirements. It is the best option for Arizona residents with a bad credit score.

Visit Site: https://chime.com/

Chase Bank

Chase Secure Banking offers some of the top benefits to customers, including second chance bank accounts. They'll make it easy for you to set up your new account. They'll even offer some advice on money management. The account is available nationwide with just $4.95 in service fees.

These types of accounts are designed for customers with less than perfect banking records. They may come with a monthly fee, require direct deposit, or have fewer perks than standard checking accounts. And while these accounts come with limitations, they're a good option for people who have been turned down by other banks. Another great feature of Chase Secure Banking is that they don't run a credit check. This is ideal if you need to get a loan but don't have a credit history yet. In addition, Chase Secure Banking has tools that will help you manage your credit.

Another great benefits of a Chase Secure Banking second chance bank account are zero overdraft fees. No need to worry about overdraft fees, as it will decline or return transactions when there isn't enough money in your account. They also have free ATMs, so you can always use one of these convenient locations to withdraw your money.

Pros

  • 16,000 ATMs and 4,700 branches
  • No minimum deposit to open an account
  • No overdraft fees
  • Highly rated mobile app
  • Easy to open a bank account

Cons

  • $4.95 monthly maintenance fee
  • A limited number of branches in some states

Why Recommended

  • Free access to over 16,000 ATMs
  • Free chase online bill pay
  • Free money orders
  • 24/7 access to your account with mobile apps
  • Zero liability protection with Chase

Summary

Chase is one of the best second-chance banks in Arizona that doesn't conduct any credit checks. You can easily open a checking account with Chase Secure Banking and enjoy premium services. You don't need a minimum deposit to open your account, and there are no overdraft charges as well. With Chase, you can enjoy mobile banking as well as get access to 16,000 ATMs.

Learn more about Chase Bank

SoFi

SoFi bank offers second chance banking services to Arizona residents. Their SoFi Checking Account is designed to be convenient for consumers who may be dealing with a past financial setback. With SoFi bank, you can easily enjoy banking without worrying about your credit score. It helps you to earn 1.25% APY on direct deposit. Apart from that, you will also get a SoFi debit card which is accessible in 55,000+ fee-free ATMs.

Established in the year 2011, SoFi bank offers a $25 welcome bonus when you deposit $10 to open your account. You can also earn an additional $300 bonus for settings up a direct deposit. There are no monthly fees or charges with SoFi bank. There is no minimum deposit or balance as well. It is FDIC-insured and offers protection.

Pros

  • No account fees
  • No fees at over 55,000 ATMs
  • No minimum balance
  • Freeze debit card on the go
  • Automatic bill pay
  • 2-day-early-paycheck

Cons

  • Some accounts need monthly fees
  • No physical locations

Why Recommended

  • Reimbursed ATM fees
  • Offers cash bonuses
  • Provides high-yielding interest rates
  • No hidden bank charges

Summary

If you want to open a second chance bank account, SoFi is the best option as they offer to check accounts without any charges. The accounts are easy to open, and there are no hidden charges. You can easily operate your account online and enjoy additional SoFi member benefits with this bank.

Visit Site: https://sofi.com/

Acorns

The Acorns is an Arizona-based second chance bank that offers free account management tools and direct deposit service. You can also use a debit card to access your account. Another advantage is its mobile brokerage. It also offers a free checking account and ATM access nationwide. It offers a range of banking and investment services, including retirement funding. It was established in the year 2012 and offer bank account with a $5 minimum opening deposit.

Acorn Finance is the best option for those with bad credit. They offer a single application and multiple personalized loan offers. The Acorns also offers online checking accounts. Unlike other banks, they don't run a credit check. This means you don't have to worry about being reported to the agency. Plus, you can get a quick and easy money deposit 24/7.

Pros

  • Save, invest and earn interest
  • Offers FDIC-protected checking account
  • $250,000 plus fraud protection
  • No minimum balance or deposit required
  • Fee-reimbursed ATM withdrawals
  • Provides Acorns Spend Account and debit card

Cons

  • $5 minimum opening deposit
  • No joint account facility

Why Recommended

  • Unlimited ATM fees reimbursement
  • No transaction or overdraft fees
  • Deposit and send checks via mobile
  • 55,000 fee-free ATMs nationwide

Summary

The Acorns is another bank that helps you to open a bank account without checking your credit score. This bank offers an Acorns Spend Account along with a free Visa debit card. You can easily open and operate this account from your phone and enjoy services like money transfer, foreign transactions, check deposits, and bill pay.

Visit Site: https://acorns.com/

See More Options in Your Area