 TITLE: What Is Second Chance Banking? CONTENT: How Does a Second-Chance Checking Account Work?\n-----------------------------------------------\nA second-chance checking account is an account where the bank or credit union either doesn't check your ChexSystems report or is willing to look past your previous missteps.\nAs you use the account, it can help you build a positive history with ChexSystems as you wait for previous negative records to fall off your report, which can take up to five years.\nNot all major banks and credit unions offer second-chance checking accounts, but many of them do. Some nationwide examples include:\n*   TD Ameritrade\n*   Green Dot\n*   Wells Fargo\n*   Capital One 360\n*   BBVA Compass\n*   MemoryBank\n*   Radius Bank\nYou can also get a second-chance checking account with a regional bank, local credit union or an online bank. Chime, in particular, charges no monthly maintenance fees and offers overdraft protection and direct deposit.\nThat said, many second-chance checking accounts do charge monthly fees, and you don't always have an option to get them waived. Also, you may not get access to all the same services you would with a traditional bank account, such as overdraft protection or access to checks or direct deposit.\nAs a result, it's important to shop around to find a bank or credit union that will give you the most features at the lowest cost. END