Second Chance Bank Accounts

Posted by Randy Wagner
February 9, 2008

Not everybody has a bank account. Some people prefer to deal exclusively in cash; some people have poor history with banks and thus cannot open an account.

Let me tell you a story: when I was in college, I had an account with Bank of America. It was one of those free college checking accounts with no strings attached. I, being financially unresponsible, started writing checks left and right. I’d write checks for pizza delivered to the dorm. I wrote checks at the gas station for a single soda. I wrote checks to friends and I wrote checks to family. But you know what? I never managed to keep an eye on the money I actually had in the account. Yeah, I know — you’re supposed to balance your checkbook every time you write a check.

But I didn’t. And I paid for it.

I ended up having over $1200 worth of hot checks. I couldn’t afford to pay off the debt, so I just “forgot about it”. I went on my merry way and pretended that Bank of America never existed.

Bad idea, right?

A few months later, I tried to open up a bank account with a local bank near my college. They denied me. When I asked why I was denied, I was told that Bank of America had reported me to all banks, and that it would be impossible to open up another bank account until I took care of the debt that I owed them.

Are you in the same kind of situation I was in? Luckily for you, there’s another option.

It’s called second chance checking. It doesn’t matter what your credit history is, and it doesn’t matter what kind of history you have with other banks — you WILL be accepted! You’ll be able to get a debit card and start controlling your finances again, and you’ll have the freedom that comes with knowing that you have a storehouse for your money.

Click here to sign up for a new bank account. You won’t regret it!

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