If you have a damaged checking history, getting a bank account in Wyoming can be difficult. Banks may be less likely to approve you because of past instances of excessive overdrafts, non-sufficient funds, or outstanding fees owed to former financial institutions. But all of those events can stay on your ChexSystems report for up to five years, making it hard to qualify for new banking services.
Thankfully, you don’t need to wait that long to qualify for a new account. You have options in the form of either a non-ChexSystems bank or a second chance checking account. Every bank has a slightly different way of how they approve applicants and how robust of services they offer for second chance checking. Either way, you could benefit from better banking services and lower fees compared to alternatives like expensive check cashing and prepaid debit cards.
To find the best choices in Wyoming, check out our comprehensive list of non-ChexSystems and second chance accounts.
ClearConnect Checking from BBVA Compass is a non-ChexSystems account that comes with no monthly service fee and requires just a $25 opening deposit. After that, there’s no minimum balance required. To keep your account completely free each month, opt for e-statements; otherwise, you’ll pay a $3 monthly paper statement fee.
You get all the standard features with this account, including a debit card, online banking, and mobile banking. While it doesn’t come with checks, you can sign up for a cash back reward program to earn money each time you use your debit card. When you need to get money out of your account, you can visit any of the 55,000 free ATMs in the Allpoint and BBVA Compass networks.
Chime Bank is a mobile banking app that offers second chance checking and savings accounts. One of their more unique features is that if you receive direct deposit through your checking account, those funds become available as early as two days sooner. Balance alerts are sent through the app daily, as are transaction alerts so you know exactly how much you’re spending every day. Plus, there’s no monthly fee, making Chime an affordable banking option.
You don’t get your own paper checks with this account, but you can request one be sent through the app, and Chime will send it off on your behalf. You can also link your checking and savings accounts to automate savings and round up purchases to the next dollar to help your change quickly add up.
While there’s no guarantee with US Bank, many branches advertise that you can get approved for an account if you apply in person, so it’s worth a shot. Their Safe Debit account doesn’t come with checks or overdraft protection but you do get a Visa debit card, online and mobile banking, plus remote check deposit. The monthly fee is $4.95 and you can also access your VantageScore credit score for free each month.
Other checking account options include Platinum Checking, Easy Checking, and Student Checking. US Bank has Wyoming branch locations in Laramie and Cheyenne.
When you get declined for a regular checking account with Wells Fargo, you could still get approved for an Opportunity Checking account. There’s a required opening deposit of $25 and you’ll also pay a $10 monthly fee. To drop that fee and make it a completely free account, however, you just need to do one of three things. You can either use your debit card at least 10 times a month, get direct deposits of $500 or more a month, or keep a daily balance of at least $1,500.
Opportunity Checking comes with both a debit card and checks, plus online and mobile banking. You can even sign up for overdraft protection when open and link an Opportunity Savings account. As a national bank, Wells Fargo has branches across the state of Wyoming.
WyHy Federal Credit Union offers Second Chance Checking that comes with a Visa EMV debit card and unlimited transfers and withdrawals. You need an opening deposit of $25 but there’s no minimum balance to maintain after the account is established.
There’s a monthly fee of $15, but you can get it dropped to $10 by signing up for direct deposit. Restrictions include no temporary checks, dividends, courtesy pay, or mobile deposit. However, after 12 months of no instances of non-sufficient funds, you can potentially upgrade to a regular checking account.
Membership to WyHy Federal Credit Union is open to employees of select employee groups or members of various Wyoming organizations. Branches are located in Casper and Cheyenne.
You can apply for the 2nd Chance Checking account from Wyo Central Federal Credit Union. A debit card comes with the account and you’re able to rebuild your checking background as you build a positive history by responsibly managing your funds.
To become a member of Wyo Central Federal Credit Union, you must live, work, worship, or attend school in Natrona or Converse County. You can apply online or visit in person at one of their branches in Casper.