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

  • Daniel Weiss Daniel Weiss
  • July 19, 2021

ChexSystems can be a real pain to deal with when you’re trying to get a bank account opened in your name. It was established as a system to monitor and screen people who are looking to open checking and savings accounts. But the side effects of this kind system can result in you being unable to open a bank account even if you haven’t done anything shady.

Fortunately, there are still more than a couple of banks in Puerto Rico that don’t use ChexSystems for verification. We’ll be looking at some of these banks as well as what your options look like if you get flagged by ChexSystems.

Your Top Pick

BBVA Online Checking

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

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

Why is it recommended for you?

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.

  • Relaxed account opening requirements
  • Free ATM withdrawals on BBVA ATMs
  • Online and mobile banking facilities included
  • Customizable banking alerts
  • No hidden fees or ATM charges
  • Online & mobile banking facilities included
  • Customizable banking alerts
  • Available nationwide (except Alaska and Hawaii)
  • Member FDIC

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

Open a BBVA Account Now!

Local Banking Options

Following is the web's most comprehensive list of banks and credit unions in Puerto Rico that do not use ChexSystems 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

Another note to add is that it's a good idea to get your free annual report and try to dispute ChexSystems.

This list also contains email responses from banks as well as applicants’ personal experiences and comments. This page is updated regularly, so please consider adding it to your bookmarks.

JetStream Federal Credit Union Second Chance Checking

At the Banco Popular bank, there’s a special account for ATM-only access. People who have a bad or not-so-good credit can have this kind of account. Internet banking is also available.

JetStream Federal Credit Union Second Chance Checking

At the Banco Popular bank, there’s a special account for ATM-only access. People who have a bad or not-so-good credit can have this kind of account. Internet banking is also available.

  • Jetstream Federal Credit Union
    Form of Verification:

    ChexSystems

    Special Notes
    • IF CHEX IS PAID YOU CAN OPEN A SAVINGS ONLY
    • SHOULD NOT SHOW FRAUD
    Email from Bank:

    IF YOU HAVE CHEXSYSTEMS, YOU CAN OPEN A SAVINGS BUT NOT A CHECKING ACCOUNT.

    Types of Accounts Offered:

    Savings Only

    Learn more about Jetstream Federal Credit Union
  • Pentagon Federal Credit Union
    Form of Verification:

    Credit report

    Special Notes

    Anyone can open a savings account once they become a member but checking accounts are based on your credit report. They are known to be very picky about credit. Most are denied the checking account at this credit union and are only approved for the savings.

    Email from Bank:

    We will pull a copy of your credit report when you apply to open an account.

    Types of Accounts Offered:

    Personal checking and savings

    Learn more about Pentagon Federal Credit Union
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