How It Works
Second Chance Checking is a monitored checking account designed for members who need another opportunity.
After 12 months, accounts in good standing may be reviewed for transition into a Regular Checking Account.
Account Features
• Debit card accepted virtually anywhere
• Check writing available
• Access to eStatements
• Online Banking access
• Mobile Banking access
Eligibility
Second Chance Checking may be available to members with ChexSystems closures under $500.00. Applicants must not be delinquent on any Penn East loan or have caused Penn East a previous loss.
Account Expectations
To remain in good standing, members should:
• Avoid extended negative balances
• Manage transactions responsibly
• Maintain account in positive status whenever possible
Accounts that remain negative for more than 30 days or exceed negative $100.00 may be closed and may not be reopened.
Account Limitations
• No Courtesy Pay
• No Bill Pay
• No Third Party Checks
• No Mobile Deposit
$7 dollar monthly fee
Ready for a Fresh Start?
Visit any Penn East branch or contact us to learn more about opening a Second Chance Checking account.
