A second-chance checking account is a type of deposit account that’s designed for people who can’t get regular checking accounts due to their troubled banking histories.

A second-chance account can help you eventually move on to a regular checking account, which comes with more privileges and fewer restrictions. — Libby Wells wrote a previous version of this story.

7 Second-Chance Checking Accounts You Should Consider Frederick says that for people struggling to improve their credit, control their budget or simply put themselves on a better financial path ...

A second chance bank account is a stepping stone to a traditional checking account. If you can already obtain a traditional checking account, you do not need a second chance account.

You can find a few second-chance checking accounts, but they aren’t as widespread as regular checking accounts. For example, many of the large national banks don’t offer them.