Sep 16, 2019
If you’ve struggled with bounced checks, regular overdrafts, or closing an account with a negative account balance, you may have run into issues opening a new account.
The issue of being unbanked or underbanked can lead to many issues for people who have struggled with poverty, economic instability, or those who tend to use cash to the exclusion of bank accounts.
In certain circumstances, some banks won’t allow you to open an account due to a checkered banking history. But if you’re trying to make headway towards economic stability, getting a checking account in place can go a long way towards reducing check-cashing and other nonsense banking fees.
In these circumstances, a second-chance checking account may be your best option. Here’s what you need to know about them. Read the full article here.