I can't get a bank account
Been turned down for a bank account? You still have good options. Here's how to get banked again and keep more of your money.
Your reading path
- 1What to do if you're unbankedIf you don't have a bank account, you're not alone — and getting into the banking system is more doable than you might think. This guide walks you through your options and simple steps to get started.
- 2Second-chance bank accountsIf a bank has turned you away because of past account problems, a second-chance bank account can help you get back on your feet and start fresh.
- 3How to open a bank accountOpening a bank account can feel overwhelming, but it's simpler than you might think. This guide walks you through each step so you can get started with confidence.
- 4Prepaid cards vs bank accountsPrepaid cards and bank accounts both let you spend money without cash, but they work very differently. Here is how to figure out which one fits where you are right now.
- 5How prepaid debit cards workA prepaid debit card lets you spend money without needing a bank account. You load money onto the card and use it just like a regular debit card.
- 6How to avoid check-cashing feesCheck-cashing fees can eat into your paycheck before you even spend a dollar. Here are simple ways to keep more of your money in your pocket.
- 7What FDIC insurance meansFDIC insurance protects the money you keep in a bank account. If your bank closes, the government makes sure you get your money back—up to the covered limit.
Related questions
Common questions people ask along this path.
Can a bank turn me away if I have a bad ChexSystems record?
Yes, some banks do check ChexSystems and may decline your application based on past overdrafts or unpaid fees. But not every bank uses ChexSystems, and many offer second-chance accounts specifically for people in this situation. You have options even if you've been turned away before.
What is a second-chance checking account?
A second-chance checking account is designed for people who have had banking problems in the past. Banks offer these accounts knowing your history may not be perfect. They may come with monthly fees or some limits, but they give you a real, working bank account. Many banks will upgrade you to a standard account after you show consistent, responsible use.
What is a Bank On account and how do I find one?
Bank On is a national program that certifies bank and credit union accounts built for people who are unbanked or underbanked. These accounts typically have no overdraft fees, low or no monthly fees, and no minimum balance requirement. You can search for certified accounts near you through the Bank On national website.
Do I need a Social Security number to open a bank account?
Many banks require a Social Security number, but some accept an Individual Taxpayer Identification Number (ITIN) instead. A few banks and credit unions also accept foreign passports or other forms of identification. It's worth calling ahead to ask what ID a specific bank accepts before you go in.
Is a prepaid debit card the same as a bank account?
No, a prepaid debit card is not a bank account, but it can be a useful short-term tool. You load money onto it and spend from that balance. Some prepaid cards offer features like direct deposit and bill pay. Just watch for fees, since some cards charge for monthly use, reloading, or ATM withdrawals.
Will opening a bank account affect my credit score?
Opening a basic checking or savings account generally does not affect your credit score. Banks may do a soft inquiry through ChexSystems, which is separate from the credit bureaus. However, if you overdraft and the balance goes unpaid and gets sent to collections, that could eventually show up on your credit report.
Why did the bank check ChexSystems when I applied for an account?
ChexSystems is a reporting agency that tracks past banking problems like unpaid overdrafts or accounts closed for misuse. Most traditional banks review this report before approving a new account. It is similar to a credit check, but just for banking history.
Are second-chance accounts safe? Is my money protected?
Yes, as long as the bank or credit union is FDIC or NCUA insured. Look for that label before opening any account. FDIC insurance covers up to $250,000 per depositor at insured banks, and NCUA provides the same protection at credit unions.
Do second-chance accounts charge fees?
Some do charge a small monthly fee, but many online banks and credit unions offer second-chance accounts with little or no fees. Always read the fee schedule before you open an account so there are no surprises.
How long will it take before I can get a regular bank account?
It varies by bank, but many people qualify for a standard account after six to twelve months of responsible use. Some banks upgrade you automatically. Using your account carefully and avoiding overdrafts is the best way to speed up that process.
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