 TITLE: What Is a Checking Account? CONTENT: Banking on a Second Chance\n--------------------------\nIf you've made major errors with a checking account in the past, you may have difficulty opening a standard checking account anywhere, even after you've settled outstanding payments on your old account. In that case, you may want to seek out a second-chance banking account.\nInstitutions that offer these accounts typically waive ChexSystems reports, and they may limit the services available on your checking account (excluding overdraft protection, for example). But a second-chance account will let you pay your bills and build up a positive ChexSystems record so that you can eventually open a full-service checking account. END