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Mississippi Second Chance Banks and Credit Unions

Second chance banks in Mississippi offer an opportunity for people to re-enter the banking system along with building a positive banking history.

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.

Traditional bank accounts 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.

Check out our list of second chance checking accounts in Mississippi. Many second chance bank accounts run a ChexSystems report.

If your ChexSystems record has unpaid debt, consider options at banks that don’t use ChexSystems or bank accounts for bad credit.

Mississippi Second Chance Banks and Credit Unions

OneUnited Bank

OneUnited Bank’s Online Checking Account is available to people in ALL STATES. We like OneUnited Bank because customers can add cash to the OneUnited Bank Debit Card at over 90,000 locations across the country through a partnership with Green Dot®.

OneUnited Bank offers the Black Wall Street Checking account with no monthly fee. However, if you don’t qualify, they offer the U2 E-Checking Account specifically designed for bad credit.

To get started go to the “Get the Card” button, enter your name, email address and cell phone number. Choose the Black Wall Street Checking account option along with the opening deposit ($25.00 minimum), then complete your identification details (name, address, SSN, and employer).

Black Wall Street Checking Account Features

  • Minimum opening deposit of $25 (can be funded with a credit card).
  • No monthly fee.
  • Get paid up to 2 days early with early direct deposit.
  • Free Online & Mobile Banking.
  • Obtain Cash, Surcharge Free at Over 35,000 ATMs Nationwide.
  • Deposit checks through the mobile app.
  • Free Bill Pay
  • OneUnited also offers a secured credit card that reports to the major credit bureaus.

Upgrade Rewards Checking

The Upgrade Rewards Checking Account offers up to 2% cash back on common everyday expenses at grocery and drug stores, gas stations, monthly subscriptions, restaurants, and cell phone utilities. Plus, account holders get unlimited 1% cash back on all other debit card charges. This account takes less than 10 minutes to open, the process is simple and easy.

Upgrade Rewards Checking Features

  • No ATM fee.
  • Zero Monthly Fees.
  • Zero Overdraft/Insufficient Fees.
  • 2% cash back on common everyday expenses and recurring payments and unlimited 1% cash back on every other debit card charge.
  • use your Rewards Checking card wherever Visa® is accepted.
  • FDIC-insured up to $250,000.
Rewards Checking is offered by Upgrade Inc, a nonbank financial services provider founded in 2016 and based in San Francisco, CA. It is made possible by a bank partnership with Cross River Bank, Member FDIC. Upgrade VISA ® Debit Cards issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Rewards Checking is available in 50 states (and Washington, DC).

Current Checking Account

The Current Checking Account can be opened with a minimum of $10 with a debit card or an existing checking account.

Current Account Features

  • $10 minimum opening deposit.
  • Savings feature that pays 4.00% APY on balances up to $6,000.
  • No overdraft fees when you overdraw by up to $200 with Overdrive™.
  • Get your paycheck up to 2 days early with direct deposit.
  • Earn points for unlimited cashback at participating retailers.
  • Gas station holds immediately credited to your account.
  • Send money instantly for free.
  • 24/7 member support.

Bancorp South

They offer a Second Chance Checking account that can help get you back on the right track.

Bank Plus

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.

First National Bank of Picayune

They use Telecheck to verify new accounts and offer several different checking account products.

First Bank

They use Telecheck to verify new accounts and offer several different checking account products.

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.

Gulf Coast Community Federal Credit Union

They offer a second chance checking called New Chance Checking that has a $15 monthly service fee.

Hope Community Credit Union

They do use chexsystems but you can still get an account once you become a member. They do offer an account called Easy Checking for those reported to chexsystems and those with a credit score of less than 600. $9.95 a month if the balance of 200.00 is not maintained. FREE if balance of 200.00 is maintained

Magnolia Federal Credit Union

They a second chance account called “Opportunity Checking.” It has a $20 account opening fee and comes with a $15 monthly service charge with direct deposit and $20 monthly service charge without direct deposit. After 12 months of perfect account management, you’re able to switch to any other Magnolia FCU checking account. And, the bank will reward you with a $100 savings deposit!

Mississippi Telco Federal Credit Union

They use Telecheck to verify new account holders.

MUNA Federal Credit Union

They offer Fresh Start Checking.

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.

Renasant Bank

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.

Unify Financial Credit Union

They offer a Second Chance Checking Account called Right Start Checking. You can open with a $25 deposit and no minimum balance requirement. Pay no monthly or per-check fees.


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.