If you have a negative balance on a checking account, it can be difficult to open another bank account, particularly if your account was closed due to the unpaid balance. However, second-chance banks typically don't consider your history with other financial institutions, making it easier to get approved.
If you've been denied a bank account, ask the bank why this happened. Depending on why you were turned down, you may be able to move forward by clearing up your checking account report, trying a different bank or using alternative banking products.
Wells Fargo Clear Access Banking is a second-chance account to consider if you qualify for Wells Fargo's Worldwide Military Banking program.
Second-chance checking accounts allow those who have been denied a traditional account to open a specialized one to help them build a strong financial foundation. Financial institutions offering second-change checking accounts include Capital One, Chime, GO2bank, GTE Financial, Fifth Third, Varo and Wells Fargo.
Wells Fargo does offer the possibility of instant approval for their credit cards. This means that when you apply for a Wells Fargo credit card online, you could receive a decision within minutes. However, receiving instant approval is not guaranteed for every application.
A second chance at opportunity. We're committed to giving a second chance to Americans with criminal backgrounds by supporting their reentry into the workforce, community and local economy.
Second chance banking can allow individuals to use some of the most important features and services of a traditional checking account. For example, a second chance account may allow users to access a debit card for making purchases and completing transactions at an automated teller machine (ATM).
Reasons You Can Be Denied a Checking Account: Involuntary account closure. Excessive overdrafts or non sufficient funds incidents. Unpaid fees or negative account balances, whether from an active or closed account.
HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it.
Even if you're rejected from one bank, you still have other options for opening up a checking account with another bank, credit union or online financial institution.
Have an unpaid negative balance on that account, such as from an overdraft, that you have not repaid and the account was closed by the bank or credit union (this is called an “involuntary closure”). Were suspected of fraud or have a history of writing bad checks.
Which Banks Offer Second Chance Bank Accounts? Note: The Capital One 360 Checking Account isn't advertised as a second chance bank account, but Capital One does not reference your ChexSystems report when you apply, so issues with other banks won't stop you from getting approved.
Paying off your bank debt is an important step, as many banks will not even let you open a savings account until you have cleared up your ChexSystems report.
We encourage you to submit your Forgiveness request directly through Chase to avoid this extra step, which could slow things down. Call us if you're ready to get started with your Forgiveness request at 1-866-914-8679, option 1; we accept operator relay calls.
One of the easiest Wells Fargo credit cards to get is the Dillard's Store Card because you only need fair credit (a credit score of 640+) to be approved. Most Wells Fargo credit cards aren't that easy to obtain since they require good or excellent credit (a credit score of 700+) for approval.
Your Wells Fargo credit card application may have been denied for various reasons, such as a low credit score, not enough disposable income, or too much debt. You should receive a letter from Wells Fargo explaining the exact reason for the denial.
You can apply online if you are at least 18 years old and a legal U.S. resident. For Alabama and Puerto Rico residents, the minimum age requirement varies by product. You can apply in person by making an appointment to apply in person at a Wells Fargo branch near you.