Account Type 71 Checking 2nd is a second checking account designation used by some banks
Account Type 71 Checking 2nd appears on bank statements and internal bank records to identify a second checking account held by the same person or business at that institution. The "71" is a code banks use in their systems; the "Checking 2nd" label tells you it is a checking account and that it is your second one with that bank. This matters because banks track how many checking accounts you hold with them, and some have rules about how many you can open or what features each one gets.
You will see this designation most often on monthly statements, in online banking portals, or when calling customer service. It does not mean anything is wrong with the account — it is simply how the bank categorizes it internally. Different banks use different numbering systems, so "71" at one bank may not mean the same thing at another.
Key Takeaways
- Account Type 71 Checking 2nd identifies a second checking account you hold at the same bank, using an internal code system.
- Banks use these codes to track account relationships and enforce limits on how many checking accounts one person can open.
- The designation appears on statements and in online banking but does not affect how you use the account day-to-day.
- Some banks limit the number of checking accounts per person or charge monthly fees for multiple accounts, so check your bank's policy.
Why banks assign account type codes
Banks assign codes like "71" to organize accounts in their systems and to track relationships between accounts. When you open a second checking account at the same bank, the system needs to know it belongs to the same customer as your first account. This helps the bank enforce its own internal rules — some banks limit you to one free checking account, for example, or charge a monthly fee for each additional checking account you open.
The code also helps bank staff when you call or visit a branch. If you have three accounts at the same bank, the teller can see at a glance which is which and whether you are within the bank's account limits. It is part of the bank's record-keeping, not a reflection of your account status or creditworthiness.
Where you will see this designation
You will encounter "Account Type 71 Checking 2nd" in several places. On your monthly paper statement, it may appear in the header or account summary section. In online banking, it often shows up in the account list or account details page. When you call the bank's customer service line, the representative may reference it to confirm which account you are calling about, especially if you have multiple accounts.
Some banks also include the account type code on checks, deposit slips, or other documents tied to that account. If you are setting up automatic transfers between your accounts or linking this account to a third-party service, you may need to provide the full account number, but the account type code itself is usually just for internal bank use.
Fees and limits tied to multiple checking accounts
The reason your bank labels this as a "2nd" account is because it affects what you pay and what you can do. Many banks charge a monthly maintenance fee for each checking account beyond the first one. This fee varies — some banks charge $5 to $15 per month for a second checking account, while others waive it if you maintain a minimum balance or set up direct deposit.
Some banks also limit the total number of checking accounts you can hold. You might be allowed two or three, but not more. If you try to open a fourth, the bank may decline or require you to close one of the existing accounts first. Check your bank's account agreement or call customer service to find out what limits and fees apply to your situation.
How account type codes differ between banks
There is no industry standard for account type codes. What "71" means at one bank may be completely different at another bank, or that bank may not use a "71" code at all. Some banks use simple labels like "Primary Checking" and "Secondary Checking," while others use longer codes that include information about the account's features — whether it earns interest, whether it has overdraft protection, and so on.
If you bank at multiple institutions, do not assume the codes mean the same thing. The only way to know what a code means at your bank is to ask customer service directly or check your account agreement. Your bank's website or mobile app should also explain account types if you dig into the help section or account details.
What to do if you have questions about your account type
If you are unsure why your account is labeled as Type 71 Checking 2nd, or if you want to know what fees or limits apply, contact your bank directly. Call the customer service number on the back of your debit card or log into online banking and use the chat or message feature. Have your account number ready, and ask specifically about any monthly fees, account limits, and whether the bank offers a way to waive fees for multiple accounts.
You can also visit a branch in person and ask a banker to explain your account setup. This is especially useful if you are thinking about opening more accounts or closing one of your existing accounts — the banker can walk you through the options and explain what happens to your account type designation if you make changes.
Frequently Asked Questions
Does Account Type 71 Checking 2nd affect my credit score?
No. Account type codes are internal bank designations and do not appear on your credit report. Opening a second checking account may trigger a hard inquiry if the bank checks your credit, but the account type itself has no impact on your credit.
Can I change my account type from 2nd to 1st?
You cannot change the designation yourself, but you can close your first checking account, which may cause the bank to relabel your second account as your primary. Contact your bank to ask whether this is possible and what happens to any automatic payments or direct deposits linked to the old account.
Will I be charged a fee just because my account is labeled Type 71 Checking 2nd?
Not automatically. Whether you pay a fee depends on your bank's policies, not the account type code itself. Some banks charge for multiple accounts; others do not. Check your account agreement or call customer service to find out what fees, if any, apply to your second checking account.
What happens if I close my second checking account?
Once you close the account, the bank will stop charging any associated fees and may relabel your remaining account. Make sure any automatic payments, direct deposits, or transfers linked to the closed account are moved to your other account first, or they will fail.
Can I have more than two checking accounts at the same bank?
It depends on the bank. Some allow three, four, or more; others cap you at two. Your account agreement should state the limit, or you can ask customer service. If you hit the limit, you will need to close an existing account before opening a new one.