The Best Banks & Credit Unions in Arkansas That Offer Second Chance Bank Accounts

Editor's Choice

BBVA Online Checking

BBVA is one of the most well-known banks for Arkansas residents that are looking for a second chance bank account.

You can open this account with as little as $25 for your initial deposit.

Features and Benefits

  • Bad credit OK
  • Relaxed account opening requirements
  • Free ATM withdrawals on BBVA ATMs
  • Online and mobile banking facilities included
  • Customizable banking alerts
  • Available nationwide (except Alaska and Hawaii)
  • Member FDIC

Recommended For:

Right now, a free checking account at BBVA is the only trusted option for customers looking for a Second Chance Checking account with high approval rate and excellent features and conditions. Use this opportunity to rebuild your credit while having a bank account with no restrictions.

Local Banking Options

Following is the web's most comprehensive list of banks and credit unions in Arkansas that offer second chance banking and which may approve you for a bank account.

Please note that any unsuccessful attempt to open an account may have a negative impact on your credit history and score.

To avoid this, please check if there are any proven, top picked solutions are available in your area (listed above) or on our page with best non-ChexSystems banks and other banking alternatives.

See more: Comprehensive List of Non-ChexSystems Banks

This page is updated regularly, so please consider adding it to your bookmarks.

Bank of Arkansas Opportunity Checking

Diamond Bank Diamond Encore Checking

Fairfield Community Credit Union Second Chance Checking

Focus Bank Fresh Start Checking

Red River Credit Union Fresh Start Checking

River Valley Community Credit Union Second Chance Checking

Renasant Bank

Special Notes:

This bank is not located in this state but many have went to nearby states to get an account.

Email from Bank:

Thank you for your inquiry. If you have no outstanding balance at Renasant Bank, you can open an account.

Types of Accounts Offered: Personal checking, savings and business accounts

Learn more about Renasant Bank

U.S. Bank

Form of Verification: ChexSystems

Special Notes:

It has been reported that if your report is 21/2 yrs or older, they will not even see it. If this is your situation you can apply online, if not, you would need to visit an “in store” branch.

Most US banks “in store” branches are giving accounts to most people on ChexSystems. These are regular accounts, not 2nd chance long as you do NOT owe US Bank money and you are not reported on your ChexSystems report for any kind of "fraudulent activity".

There are some branches that are still not using this policy so it might be a good idea to call a branch local to you and ask about their policy first before going in.

Some “in store” branches have signs that actually says “ChexSystems? no problem!”… yet others will not open accounts at all. People are approved everyday.

Some branches do offer 2nd chance checking and some have been able to open business accounts when all debt to reporting bank(s) are paid and fraud is not indicated.

Types of Accounts Offered: Personal checking, savings and business accounts

Learn more about U.S. Bank


Form of Verification: ChexSystems

Special Notes:

For best results the debt to the reporting bank(s) must be paid and the report should not indicate fraud.

Email from Bank:

Hello, hope you’re doing well today. Yes, we do run ChexSystems on all customers new to our bank. If there are any unpaid closures on ChexSystems when we are opening a new account, those unpaid closures at the other bank have to be paid off before we can open any new accounts at FNBC.

Types of Accounts Offered: Personal checking, savings and business checking

Learn more about FNBC Bank

Southern Bancorp Bank

Form of Verification: ID and social security card

Special Notes:

Hi! I was able to open an account at Southern Bancorp yesterday.

Thank you so much for the information! The lady who opened our accounts was so nice and helpful and they only asked for id and social security card. I am hopeful that these accounts will help us get back on the right track. It was nice to be treated like human beings again. We plan to never write a check again in our lives, but I am amazed at how difficult and expensive it is to simply pay bills without a bank account.

Thank you again so very much!

Email from Bank:

I called and verified that they do not use ChexSystems or any type of credit report.. they only need a valid ID and social security card.

Types of Accounts Offered: Personal checking, savings and business checking

Learn more about Southern Bancorp Bank

Hope Federal Credit Union

Form of Verification: ChexSystems

Special Notes:

They do use ChexSystems but you can still get an account once you become a member. They do offer an account called Easy Checking for those reported to ChexSystems and those with a credit score of less than 600.

$9.95 a month if the balance of 200.00 is not maintained.

FREE if balance of $200.00 is maintained.

Types of Accounts Offered: Second chance checking (paperless checking)

Learn more about Hope Federal Credit Union

Diamond Bank

Form of Verification: ChexSystems

Special Notes:

They do offer second chance checking and there is a $10.00 a month service charge.

A checking account for people who are trying to start over after past mistakes.

  • Minimum opening deposit only $100.00
  • No minimum monthly balance requirement
  • Unlimited check-writing
  • Free ATM/Mastercard debit card
  • Free internet banking
  • Free bill pay for up to 15 items
  • Monthly service charge $10, $8 with direct deposit.

Types of Accounts Offered: Second chance checking

Learn more about Diamond Bank

Banks and Credit Unions That Offer Second Chance Banking by State

ArkansasMassachusettsRhode Island
CaliforniaMichiganSouth Carolina
ColoradoMinnesotaSouth Dakota
District of ColumbiaMontanaUtah
HawaiiNew HampshireWashington
IdahoNew JerseyWest Virginia
IllinoisNew MexicoWisconsin
IndianaNew YorkWyoming
IowaNorth Carolina
KansasNorth Dakota