If you’ve faced difficulties opening a traditional bank account due to past financial challenges, second chance banks in Mississippi offer a valuable opportunity to rebuild your banking history and regain access to essential financial services.
Many banks and credit unions across the state provide second chance checking accounts that don’t rely on ChexSystems, Telecheck or Early Warning Services (EWS) records.
These accounts come with low fees, no minimum deposits, and features like debit cards and online banking, designed to help Mississippians start fresh and improve their financial standing.
Online Second Chance Banks in Mississippi

Upgrade Rewards Checking
$0 minimum to open
Up to 2% cash back on purchases
Get paid up to two days early
More than 55,000 free ATMs

SoFi Bank
$50 minimum deposit
Welcome bonus up to $300
No monthly maintenance fees
Get paid up to two days early
55,000+ fee-free ATMs

Acorns
$25 minimum deposit
Earn 2.57% APY on Checking and 4.05% APY on Emergency Fund
Get paid up to 2 days early
Tungsten metal debit card
55,000+ fee-free ATMs

Current Banking
$0 minimum to open
4% APY on savings up to $6,000
Get paid up to two days early
Up to $750 cash advance
Credit building secured card

mph.Bank - Second Chance Fresh Account
$9.00 a month service fee
Zelle® Integration
Get paid up to two days earlier
55,000+ free AllPoint ATMs
Second Chance Banks in Mississippi
Citizens National Bank
The Simple Checking Account requires a $50 opening deposit and has $6 monthly maintenance fee.
First Bank
The Clean Slate Checking Account requires a $50 opening deposit is $50 and has no monthly maintenance fee.
Regions Bank
The Regions Now Checking Account requires a $10 opening deposit and has a $5 monthly service fee. You’ll have free access to online banking, mobile deposit, bill pay and account alerts.
Southern Bancorp
The Opportunity Card requires a $0 opening deposit and has a $5 monthly service fee. You’ll have free access to online banking, mobile deposit, and account alerts.
The First Bank
The First Step Checking Account requires a $15 opening deposit and has a $3 monthly service fee. You’ll have free access to online banking, mobile deposit, bill pay and account alerts.
Second Chance Credit Unions in Mississippi
Gulf Coast Community Federal Credit Union
The New Chance Checking requires a $0 opening deposit and has a $15.00 monthly service fee. You’ll have free access to online banking, mobile deposit, bill pay and account alerts.
Hope Credit Union
The HOPE Choice Card requires does not require an opening deposit but has a $4 monthly service fee. You can load your HOPE Choice Card with unlimited funds without paying for each transaction. You’ll have free access to online banking, mobile deposit, bill pay and account alerts.
MUNA Federal Credit Union
The Fresh Start Checking Account requires a $0 opening deposit and has a $10.50 monthly service fee. You’ll have free access to online banking, mobile deposit, bill pay and account alerts.
Mississippi Unbanked Numbers
According a Federal Deposit Insurance Corporation (FDIC) 2023 Survey, 9.4% of Mississippi’s residents were unbanked. It’s estimated that unbanked people pay up to 10% of their salary for check cashing services. Mississippi has the highest percentage of unbanked or underbanked households in America.
Without access to traditional banks that offer free checking or second chance banks with low monthly service fees, too much money is being paid to conduct basic financial transactions.
ChexSystems Resources
- Banks That Don’t Use ChexSystems – Take a look at our list of banks that do not use ChexSystems for a new checking account.
- EWS (Early Warning Services) – EWS is similar to ChexSystems and can prevent you from opening a checking account.
- Check your ChexSystems Report – Unsure what information exists in your ChexSystems report? Learn how to find out.
- ChexSystems Scores – Did you know that you have a ChexSystems score similar to a credit score? Find out how to get yours.
- Account Abuse – Find out why ChexSystems often reports customers for account abuse with no real explanation of what that notation means.
Chime Disclaimers
1 Out-of-network ATM withdrawal fees apply except at MoneyPass ATMs in a 7-Eleven location or any Allpoint or Visa Plus Alliance ATM. Other fees such as third-party and cash deposit fees may apply.
2 Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each month and Visa debit card activation. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won’t cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See terms and conditions.
3 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
4 The average national savings account interest rate of 0.21% is determined by FDIC as of November 17, 2022 based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Visit National Rates and Rate Caps to learn more.
5To be eligible to apply for Credit Builder, you need to have received a qualifying direct deposit of $200 or more to your Checking Account within the last 365 days of your application. The qualifying direct deposit must have been made by your employer, payroll provider, or benefits payer by Automated Clearing House (ACH) deposit. Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, and cash loads or deposits are not qualifying direct deposits.
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.