Opening a new checking account with bad credit is getting more and more difficult every day — if not seemingly impossible. Don’t panic. There are options out there.

First of, think about it. Do you REALLY need a checking account. There are plenty of prepaid debit cards (prepaid mastercard and prepaid visa card) programs that offer all of the same benefits that a checking account does. Unless you enjoy the overdraft fees charged by the big banks or you absolutely need to use paper checks, then you should really consider one of these prepaid card programs. They offer you direct deposit, online bill pay and in some cases, even paper checks to use for the ocassional paper check transaction.

The downside you ask?  Well, these cards charge monthly fees of about $10 a month. Some are higher. But if you were one of those people who got hit with overraft fees at least once a month, then this should seem cheap to you!!!

Apply for a Prepaid Mastercard Now (Guaranteed Approval)

If you really want a checking account though, read on.

It is simpler to open checking accounts for people with bad credit rather than going for regular bank accounts. The reason is simple and clear, that if you try to create a bank account having a poor credit history then your application might get rejected from the bank. This is particularly bad since you without a bank account you won’t be able to gain access to credit and financial services.

You can choose small banks which compete for higher risk applicants. There are online facilities offering checking accounts for people with bad credit. Basically the banks rely on the ChexSystems, Inc. Or TeleCheck for the purpose of checking account histories. Their task is to keep a record of the checking account history as well as provide reports to the clients including most banks and credit unions. These also keep records of negative financial histories like history of bounced cheques, failure to pay fees and having the account closed for cause.

These organizations that are involved in checking accounts for people with bad credit act more likely as credit bureaus. You would come across a number of banks that offer checking accounts for people with bad credit as well as second chance checking accounts. Thus, a second chance is offered to those who wish to rebuild their credit or even have a positive financial history. You can enjoy a number of benefits as well as a lot of convenience. Thus this will help in securing a better financial future.

There are certain local community banks that offer the facility of opening checking accounts for people with bad credit. In case you have a good job then you will surely get to avail this facility. You will have to deposit the paychecks into the bank account for this purpose. It is advisable to have a direct deposit while opening the checking account.

After the opening of the account, if you deposit a minimum account balance and agree to pay a monthly fee you would be issued a check card as well. In fact you would also be rewarded if you are successful in maintaining a good account history.

This is why a number of services are offered by the checking bank accounts for people with bad credit. So make use of the necessary resources and get the best out of these. So you can go for any of the alternatives. You have limited choices, but at least you have some!

Have you been unable to open a new checking account because of your credit or an existing report with ChexSystems?  If so, you will be relieved to know that you do have options.  Below is a list of where to go when you’ve been denied a checking account. None of the resources listed below will required that you pay a fee to open an account.  You should not have to pay to have someone point you in the right direction.   If you are tired of searching for bad credit checking accounts online only to find a bunch of scams, rip-off reports, and complaints read on.

Our top recommendation:  Account Now – 100% Guaranteed Approval.

A Checking Account Alternative

• AccountNow prepaid debit card accounts offer a great alternative to opening a checking account.

If the idea of having a checking account out of state is not appealing, then consider an option that was designed to provide a virtual alternative to a checking account.  Your instant approval is guaranteed.

AccountNow Benefits:

No credit check or ChexSystems verification.
No cost to open an account.
Your choice of a Visa or Mastercard. Use it to shop or to access ATM’s anywhere.
Online bill paying (most of what you would want to do with a checking account)
Direct deposit available at no charge. (No need to pay check cashing fees. )
Add cash to your account at any Western Union, MoneyGram or Green Dot location.
Build good credit history. Unlike other alternatives, an AccountNow card will help you build your credit by reporting a positive history to the reporting agencies.

Get started with AccountNow.

Guaranteed Checking Accounts

• People’s Cash Solution – Second Chance Checking. Peoples Bank in Paris, Tx offers guaranteed approval checking accounts. To open a new account simply complete the application and mail in with a copy of a government issued ID and your initial deposit of at least $30. The initial deposit can be submitted as a money order or even cash, though cash is not recommended. There are many sites out there that are charging fees to give people the name and contact number of this bank. No need to pay, you can apply for an account directly and not have to share your personal information with a stranger. (And no, we do not get a commission for referring our readers to this bank).  Only downside is you won’t be able to find a local branch unless you live in or near Paris, TX. You will get most of the benefits of having a checking account such as online banking, direct deposit and even overdraft protection.

• Transportation Alliance Bank  (TAB). To open an account with Transportation Alliance Bank, fill out their online application, then print the page, sign it and mail or fax it to so they  can begin processing and opening your new account. Once your account is open, you will have access to all of the bank’s services, including free online banking, Online Bill Pay, 24-hour automated telephone banking, and Flying J discounts and rebates.  Many locations across the country  in Flying J stops.

TIP: If debt is stressing you out, call a professional counselor for a free consultation.  You may qualify for a free debt service that will avoid bankruptcy. Call 877-223-0384.