There are many banks which can offer second chance checking accounts for business to those business who has been listed in the ChexSystems. They can offer real banks checking accounts for business.
So, if you just open a checking account for business, you’ll have to provide a legal business entity such as a S Corp and a tax id for business. And the businesses of sole proprietorship can’t open any second chance business checking accounts if their owners have been listed in the ChexSystems. Fortunately, there are some banks only require only a check with the tax id as well as more bank will require a check not only on the tax id but also the owner of business.
We list all the banking opportunities for you here including both non guaranteed and guaranteed options. You are strongly recommended to choose a guaranteed option to start with. It is such a good way to manage the money until you find another permanent solution.
Recommended and Guaranteed Option
An easy-to-use prepaid card, the prepaid Visa RushCard offers the convenience of a prepaid debit card without the headaches associated with credit cards. It is said Rush can provide the best deal going on prepaid cards and the best banking alternative currently available that includes everything you need to manage your money including online bill pay.
It is founded in 2003 by entrepreneur and philanthropist Russell Simmons, UniRush, LLC, revolutionized the payments industry when it launched one of the first prepaid Visa debit cards.
Not Guaranteed Banking Option
The banks listed below can also offer second chance checking accounts for business. And it may depend on your luck for whether you can apply an account successfully. It is not guarantee at all. So, just be more careful to apply it. And you should know the denied applications may damage your report again in the ChexSystems.
Bank of America – the nation’s leading financial institution and home for all of your personal financial needs. Inconsistent reports.
Bank of the West – Bankwest is a full service bank offering Personal Bankingand Business Banking solutions for the financial needs of Australians. They are Reported to use EIN when open accounts.
Bank With United – There is Inconsistent reports for it.
Chase Bank – a leading global financial services firm with operations in more than 60 countries. Chase is a leader in investment banking, financial. They are Reported to use EIN when open accounts.
M&T Bank – They are Reported to use EIN when open accounts.