If your a small business owner and listed in ChexSystems then you know how hard it can be to manage a business without a checking account. In fact, it is nearly impossible. Fortunately, there are banks that are willing to offer second chance business checking accounts or do not run ChexSystems and/or Early Warning Systems checks on the business owner and these are the banks that you should be looking to open a business checking account with.
When you open a second chance business checking account, you will be required to have a legal business entity such as a C-Corp, S-Corp or LLC and a business tax id. Unfortunately, you can not open a second chance business checking account with a sole proprietorship or if your running your business under a DBA (doing business as).
The banks we have listed below either have been reported to offer second chance business checking accounts or do not run checks on the business owner. Instead they run checks on the business using the business tax id. While we have found these options available, we can not guarantee that you will be able to get an account at any of the banks or credit unions listed.
Bank of America – Do not apply if you or your business is listed in Early Warning Services
Bank of the West
Chase Bank
M&T Bank
As with regular consumer banks, we can not and do not make any promises or guarantees about your ability to open a second chance business checking account at any of the banks and/or credit unions listed on our site.
