What should a second chance checking account provide?
• The ability to deposit, withdraw, and transfer money from your account • A debit card with the Visa of Mastercard logo that enables you to make purchases everywhere and also withdraw money from any ATM • Check writing privileges (sometimes) • Low opening balance, and no minimum balance requirements • Low monthly maintenance fee. Think about it: these days, without a bank account, your options are severely limited. For example, if you get a new job, you may be required to give your employer your account number to receive payments. Some corporations won’t send out checks anymore! For those people who don’t have any options, a second chance checking account gives them a second chance at a bank account. With good use, you can even use a second chance checking account as a stepping stone to open a normal account in a six to twelve month time frame, provided that you show discipline in how you’ve managed your account during the time that you’ve had it. Make sure you do plenty of research b
