Mississippi has the dubious distinction of being the state with the highest percentage of households without checking accounts or other banking services according to a FDIC survey. A bank account can save consumers money as fees for check cashing stores, prepaid debit cards or money orders to pay bills can add up over time. If Chexsystems is the reason you are unbanked, the following banks in Mississippi do not use Chexsystems.
Online Options for Mississippi No-ChexSystems Banks
BBVA Compass ClearChoice Money Market
ANYONE can open this account! BBVA Compass ClearChoice Money Market Account is a No-ChexSystems bank account. There are great features with the ClearChoice Money Market Account like mobile check deposits, direct deposit, bill payment and ATM banking at BBVA Compass ATMs. The account requires a deposit of $25 to open. A money market account is like your basic savings account – the higher your balances, the greater your interest-earning possibilities. Open today.
Mississippi Second Chance Banks and Mississippi No-ChexSystems Branch Options
(Note: This list is not exhaustive and in no way represents all banks in Mississippi that do not use ChexSystems. You must visit the bank in-person to open an account)
Renasant Bank offers a wide variety of personal checking accounts, they do not use ChexSystems. All checking accounts come with Free Internet Banking; Free Online Bill Pay; Mobile Banking; and Debit Card with no monthly usage charge.
Fort Sill National Bank
Fort Sill National bank does not use ChexSystems but a credit report will be pulled. They have several checking account packages to choose from but the Basic Checking includes a $5.00 Minimum deposit required to open account, has no monthly fees, unlimited check writing and a Visa CheckCard.
Woodforest offers a “Second Chance” account. The minimum opening deposit is $25.00. There is a monthly service charge which breaksdown as follows: $7.95 with direct deposit(3); $9.95 without direct deposit and a $9.00 one-time account set up fee.
Priority One Bank
Priority Bank does not use ChexSystems but will verify your identity through Equifax. They offer several Checking Account products including a Simple Checking Account that requires a $50 minimum deposit to open. There is free online banking and free ATM/Visa debit card.
Automatically qualify for a Checking and Savings Account after completing a 4hr course on credit which qualifies you for a $500 or $1000 loan based on your credit score. The purpose of the loan is to help improve your credit score but comes with the benefits of opening a bank account.
Citizens National Bank
Get a second chance with the “My Clean Slate Checking Account.” The account features an opening deposit is $50; Free CNB Visa Check Card; Free e-Bill Pay; and Free monthly paper statement or e-Statement. The monthly maintenance fee is $9.95.