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How can I open a US bank account with very bad credit?

Discussion in 'Making Money' started by Balthazshar, May 25, 2012.

  1. Balthazshar

    Balthazshar Junior Member

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    Hey all. So I need to open a US bank account and my credit really sucks; I have two bank accounts a few years ago that went into the negatives and I never straightened it out and of course the filed on my credit report. I need an account to be able to add Paypal to so I can transfer money in, as well as be able to send in check deposits. I'd also like an Debit card to withdraw cash when needed, and access via the Interwebz is a plus.

    Any clues as to whom to go to? Thanks in advance.
     
  2. wickedwebmaster

    wickedwebmaster Newbie

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    You can open a Chase "Second Chance Checking" account with bad credit. Even if you have previous checking accounts that were closed out with negative balance. You will have to make a minimum deposit to get it started, and you don't get any checks for the first year. You will have a legit checking account with a debit card and be able to transfer funds to and from PayPal though.

    WoodForest bank also offers second chance checking accounts as well. They are located inside super walmart stores. They are a good choice too, because they are open every day of the year except Christmas.
     
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  3. neeka387

    neeka387 Registered Member

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    53rd bank has one as well. Chases fee is $15 i think, whereas 53rd is $7 per month. I think the minimum was $50. Depends on what you are looking for in a bank as well. 53 is not open every day. M-Sat and not all branches are open on Saturday. Also their checking acount card acts like a prepaid in that if you dont have enough funds in your account, the payment wont go through so you don't get an overdraft fee. EXCEPT for things like restaurants and car rentals where they may or may not try to post a gratuity or fees or something.

    Definitely questions to ask both banks
     
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    Last edited: May 25, 2012