 TITLE: What Is Second Chance Banking? CONTENT: When you apply to open a checking account, banks and credit unions typically check your ChexSystems report. Like a credit report, your ChexSystems report shows negative bank account actions and activities, such as an involuntary account closure and unpaid negative balances.\nIf the bank or credit union deems you're too much of a risk based on information in your report, it can deny your application.\nSecond-chance bank accounts give you an opportunity to rebuild your banking history and get back in the good graces of other banks and credit unions. They typically don't require a high minimum balance, if any, and some don't even charge fees. END