Access to a checking account can be difficult for those with a history of banking problems or insufficient funds. Fortunately, Wells Fargo has recognized this issue and has introduced Clear Access Banking – a second chance checking account. Although not marketed as such, the account is designed for those who have had trouble opening traditional bank accounts.

With Clear Access Banking, customers have access to a vast brick-and-mortar branch network, making banking accessible for all. Wells Fargo is one of the few major national banks that offers a second-chance checking account, and it is designed for customers with lower balances, including teens.
Features and Benefits
The Clear Access Banking account requires a $25 minimum deposit to open and has a $5 monthly fee. However, the fee is waived for customers between 13 and 24 years old. Unlike other checking accounts, Clear Access Banking does not have overdraft or insufficient-funds fees, making it a safer option for those who are struggling to keep their accounts in the black.
Checkless Checking with a Broad Network
This checkless checking account does not offer paper checks, but customers have access to around 5,400 branches and more than 12,000 ATMs nationwide. This feature is a great advantage for customers who prefer to have face-to-face interaction with bankers. Clear Access Banking also includes a contactless debit card for fast, secure payments and Wells Fargo ATM access.
Advanced Security Measures
To ensure customers’ security and peace of mind, Wells Fargo has implemented advanced security measures. With 24/7 fraud monitoring and Zero Liability protection, customers are not held responsible for unauthorized transactions. This feature is crucial in preventing fraudulent activities in your account.
Digital Tools for Easy Banking
In addition to these security features, the Clear Access Banking account also offers convenient digital tools. Customers can use Zelle to send and receive money in minutes, and mobile deposit allows for easy check depositing from their smartphones. The digital wallet feature permits customers to add debit and credit cards to their mobile devices for fast and easy tap-and-pay transactions.
More Control Over Your Account
To further enhance security, the account also includes biometric authentication, which allows for secure sign-on to the mobile app using a fingerprint or face. With card control, customers can easily turn credit and debit cards on or off and track recurring payments, giving them even more control over their accounts.
What is a second chance checking account?
When it comes to banking, not everyone has a perfect track record. For those who have had trouble with their finances in the past, traditional checking accounts may be out of reach. That’s where second chance checking accounts come in.
These types of checking accounts cater to people who have a history of financial setbacks, such as overdrafts or bounced checks. By granting them an opportunity to rebuild their banking history, second chance checking accounts can facilitate a transition to a traditional checking account in the future.
If your past financial difficulties have prevented you from opening a standard checking account, a second chance checking account could be a viable alternative. With the chance to start anew and manage your finances responsibly, this option may be the fresh start you need.
What are some alternatives to Wells Fargo Clear Access Banking?
Chime
Features & Benefits
- Over 14.5 million downloads
- No credit check or ChexSystems
- No minimum opening deposit
- Over 60,000 fee-free1 ATMs
U.S. Bank
- $400 sign-up bonus
- Minimum opening deposit of $25
- Monthly service fee: $0 or $6.95
- Over 40,000 surcharge-free MoneyPass ATMs
Chase
Features & Benefits
- $100 bonus after 10 purchases
- No credit check or ChexSystems
- Over 16,000+ fee-free ATMs
- Over 4,700 branches nationwide
- $4.95 monthly service fee
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.