Second Chance Checking Account – Question Checklist

Before you apply for a second chance checking account, make sure to do some research on the service. Ask questions and get all the facts upfront, so you’re not caught off-guard or end up paying any unnecessary fees.

Here is our checklist of recommended questions:

Is there a minimum deposit requirement?
Is there a minimum balance requirement?
What are the monthly fees and are there ways to avoid them?
Are there fees for using the ATM or debit card?
Is the bank account FDIC-insured?
What are the deposit methods and is it right for me?
Are there any special restrictions on the account (such as maximum daily withdraws or check holds)?

These questions can also apply to regular checking accounts.