LorMet’s Second Chance Checking account provides an opportunity to return to normal banking after being reported to ChexSystems® in the past
Monthly Service Fee: $9.95 / month
One-Time Account Setup Fee: $25.00
Minimum to open: $50.00
Features & Benefits:
- Free LorMet Debit Card (after first Direct Deposit received)
- Free Online Banking and Mobile Banking
- Free Mobile Check Deposit
Eligibility:
- ChexSystems reporting must be older than six (6) months
- No more than one (1) reporting record, up to $500
- No Suspected Fraud reporting
Limitations:
- Cannot write checks on this account
- Not eligible for Overdraft Privilege
- Requires paperless E-Statements
ChexSystems is a registered trademark of Chex Systems, Inc.
