When you can’t get a bank account it’s easy to feel like you don’t have any options for managing your money.  Fortunately, that’s not true because 2nd chance banking is available to almost everyone.  These accounts are designed for people who aren’t able to get a bank account due to being in Chexsystem, bad credit score, or whatever reason you may not be able to get an account.  In this post I want to break down the major benefits of using these accounts so that you can get your finances moving in the right direction once again.

First, as long as you’re a resident of the US, you will get approved for an account.  It’s really that simple, and only takes a couple of minutes to fill out the application.  They don’t care what your credit score is, how much money you make, or what your banking past is like.  You will be approved in less than a minute, and in just a few days all of your paperwork (and debit card) will arrive in the mail.

Another benefit of using second chance bank accounts is that you can stop paying check cashing fees.  Check cashing is one of the biggest rip offs in the history of the planet, and the second that you can stop paying for them you have just added a big chunk back into your monthly income.  You are also helping to keep yourself safe since you don’t have to carry around a wallet or purse full of cash anymore.  It would be naive to think that thugs don’t know that everyone who walks out of a check cashing store is loaded with cash! » Read more: Second Chance Banking