Credit Card Forum
+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
  1. #1
    Green Member
    Join Date
    Dec 2010
    Location
    Washington
    Posts
    9

    Default Chase second chance checking account

    (Updated 2013) I have heard there is a Chase second chance checking account that is available to everyone even when you are in the Chexsystem or Early Warning Services/EWS databases. Then after having the second chance checking account for a half year and not messing up it will be converted to a regular Chase checking account.

    Any feedback on Chase bank's second chance checking?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Green Member
    Join Date
    Dec 2010
    Location
    Indiana
    Posts
    8

    Default

    I have no clue if Chase bank does this but be careful because some banks and creditors have agreements with collection agencies where if an account holder owes money, you sign away the right to have it ceased and transferred to the creditor you owe. I don't know if Cap One still does it but I think there was an uproar about that being one of their practices but I could be wrong on that one. All I am trying to say is make sure you ask if the Chase second chance checking has this in the fine print.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Green Member
    Join Date
    Nov 2010
    Location
    Dallas TX
    Posts
    4

    Default beware of chase

    i would not trust chase bank with any of my money. just to be safe dont because i wouldnt be surprised if they do what the previous user says. they have done horrible things to me.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Green Member
    Join Date
    Dec 2010
    Location
    Washington
    Posts
    9

    Default

    Please elaborate last poster. Be honest because if you are a disgruntled customer for a different Chase account do not tell me its a bad idea if there is no good reason for saying that. I don't have many options and am not going to cross Chase second chance checking off my list unless there is a reason to. I will find out if there are things in the agreement that would give a right to use my funds to pay off an old debt.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    CCG
    CCG is offline
    Moderator/Staff
    Join Date
    Apr 2008
    Location
    Austin, TX
    Posts
    197

    Default

    If you are in need of a credit card for bad credit, I strongly recommend you check out our sponsored section of secured credit cards to rebuild credit

    Alternately, try out this tool to see if you are matched for any card offers:

    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member Pete838's Avatar
    Join Date
    Dec 2010
    Location
    Florida
    Posts
    213

    Default

    Often your small local credit union is the best place to start rebuilding your finances. A mega-bank like Chase probably isn't the best choice, but may not be a bad choice.
    Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
    Ronald Reagan
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Green Member
    Join Date
    Dec 2010
    Location
    Washington
    Posts
    9

    Default

    Quote Originally Posted by Pete838 View Post
    Often your small local credit union is the best place to start rebuilding your finances. A mega-bank like Chase probably isn't the best choice, but may not be a bad choice.
    I investigated several and all use Chexsystem and do a credit check to open a checking account. Things are much different than 20 years ago. I remember when there was nothing to opening a checking account and today it's as hard to get as a credit card.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Green Member
    Join Date
    Feb 2011
    Location
    OR
    Posts
    1

    Default

    Is the Chase second chance checking account available at all branches or only select locations?

    What about going with a second chance checking account from a credit union. Would that be a better option?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Centurion Member
    Join Date
    Sep 2009
    Location
    Arizona
    Posts
    781

    Default

    Why do you need a checking account?

    If it is to write checks and use a debit card then you are probably going to have a hard time. Checks are increasingly treated like credit card transactions. There is an inherent trust. It is extremely expensive to everyone to deal with a bad check. So banks owe it to all customers to keep people with bad credit out of the system.

    Think about it this way - when a bad check is written the bank and the merchant must bot deal with it manually. Even if it is paid right away without issue it probably takes an hour of labor between the bank and the merchant. That's at least $100 at normal billable rates. But the bad check writer pays possibly $40 to the bank and $30 to the merchant. So, they lose money even on an easy one. It's just not worth the hassle. There are plenty of customers who are not screw ups.

    If you need the account to accept government payments - tax refunds, social security, etc. There are special accounts you can get for that which do not allow checks.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Green Member
    Join Date
    Apr 2011
    Location
    Hollywood FL
    Posts
    7

    Default

    Chase offers an account called Access Checking. It comes with several limitations but you may be able to convert to a regular checking account after 6 months in good standing. You will receive a debit card with this account. You must go into the branch to open the account and they do pull your credit report for verification.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.