Best Bank Accounts for Bad Credit

Last updated Nov. 20, 2020 | By FinanceBuzz Editors
woman holding debit card

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Getting denied when you try to open a checking or savings account is frustrating. Banks may deny you if you have a history of unpaid overdraft fees, bounced checks, closed accounts, or similar issues. 

Even if your banking history has some dings, there are good alternatives. These "second chance" banking options can help you build a positive banking record while avoiding the high fees that come with prepaid debit cards and check-cashing services. Most do not check your credit score or use the ChexSystems which means you can qualify even if you've had some past issues. 

Isn't it time to  for a fresh start? Here are some options to consider...


Paying $10 (or more!) per month just to have a checking account at one of the big banks is like throwing money away. You can have all the benefits of these accounts without the monthly maintenance fee and high balance requirements if you just know where to look.

A BBVA Online Checking account comes with cashback rewards, free ATM access at over 64,000 participating ATMs 1 , a free Visa debit card, and complimentary use of BBVA's award-winning mobile banking app. There's no monthly service charge (aka $0 wasted) and you only need to deposit $25 to open an account.

Applying for a BBVA Online Checking account is fast, secure, and can be done totally online.

Visit BBVA now


If you're one of the 78% of Americans who live paycheck-to-paycheck, wouldn't it be nice to have a little extra financial cushion especially at the end of the month?

With a Chime account, you can not only avoid overdraft fees if your balance runs low, they'll actually spot you up to $200* on debit card purchases. 2

With Chime, there are also no monthly fees,~ no minimum balance fees, and they'll even help you get your paycheck up to two days early if you use direct deposit^.

Apply online in just two minutes — there's no credit check required.

Sign up for Chime now


Looking for an alternative to traditional banks and a way to earn rewards for your spending? Look no further than Stash. 3

Stash was built to help beginner investors get started, and now it’s even easier with their Stock-Back Rewards® program. Every time you make a purchase (at over 11 million U.S. retailers) with your Stash debit card you get rewards in the form of a fractional share of stock. 4 That stock may grow over time, putting even more money in your wallet. 

As a bonus, Stash will give you $5 to invest after you deposit $5 or more into your personal portfolio. 5

Want even more tools and guidance? If you choose the Stash+ plan 6 when signing up, you can earn 2x stock rewards when you spend on eligible purchases! 7

Sign up for Stash now

Bonus: Take advantage of an opportunity to start improving your credit instantly

Your credit scores affect whether you can get approved for a loan, a credit card, or even a new job. Usually it can take weeks or months to improve your credit scores, but there's an innovative new feature that could help you raise your FICO® Scores 8 instantly.

Experian Boost™ can help you get credit for making on-time payments for your phone and utility bills. 9 The process takes just minutes and if qualifying payments are identified, you can include this positive information in your Experian credit file. (Don't worry: If you have any negative marks, those won't count against you.)

Since launching, Experian Boost has collectively increased FICO® Scores across America by over 10 million points. It's 100% free and new potential credit scores take effect immediately.

Sign up for Experian Boost now

BBVA Benefits

  • No ATM fees or monthly service charges
  • Earn cash back rewards
  • Free BBVA Visa debit card
  • Join over 2 million trusted customers