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It may be known for blues music and catfish farming, but the Magnolia State has plenty to offer when it comes to work and play. Mississippi is home to industries from technology to agriculture, with everything in between.
If you live in the state, you’re likely hoping to find the best banks in Mississippi to fit your checking and savings account needs.
14 Best Banks in Mississippi
Whether you’re looking for a national bank, a regional bank, or a small community bank, there are so many banks in Mississippi, it’s easy to find one that meets all your needs. You may even find the options overwhelming. Here’s a list of some of the best bank accounts in the state to help you narrow it down.
BankPlus is a trusted Mississippi-based bank offering personalized service and convenient access across the state.
With 57 branches in 38 cities, including Biloxi, Brandon, Canton, Clinton, Flowood, Madison, Olive Branch, Ridgeland, Southaven, and Tupelo, it’s easy to find in-person support when you need it.
The checking account requires a $100 opening deposit and charges a $6 monthly fee, but there is no minimum balance requirement.
Customers can also use interactive teller machines that connect them with live representatives during business hours.
To avoid withdrawal fees, you must use a BankPlus ATM. A standout perk of this account is the built-in cell phone protection, which offers up to $1,200 in coverage each year when you pay your wireless bill using the account.
SoFi’s Checking & Savings account is a strong option for anyone looking to earn a high yield without dealing with extra fees.
The account pays up to 3.80% APY on savings and 0.50% APY on checking balances, with no monthly fees or minimum balance requirements.
New customers may qualify for a welcome bonus of $50 to $300 by setting up eligible direct deposits.
SoFi also offers no-fee overdraft coverage up to $50 for accounts that receive qualifying direct deposits, along with the ability to access paychecks up to two days early.
Cash access is convenient, thanks to over 55,000 fee-free ATMs in the Allpoint® Network. For added protection, SoFi provides FDIC insurance coverage up to $2 million through its partner banks.
Planters Bank serves communities across Mississippi, with branch locations in cities such as Clarksdale, Cleveland, Greenville, Greenwood, Indianola, Ruleville, Tunica, and Yazoo City.
You can open a checking account with just $50, and there’s no minimum balance requirement.
The account does come with a $6 monthly fee, but in return, you’ll get features like unlimited check writing and solid customer service.
Planters Bank also offers competitive rates on money market accounts and traditional savings products.
Customers can manage their finances through online and mobile banking, making it easy to stay on top of your account from anywhere.
GO2bank, powered by Green Dot, is making waves in the digital banking sector. It allows users to easily open checking accounts as well as savings accounts with a 4.50% APY.
The bank keeps accessibility at its core with 90,000 spots for cash deposits and 55,000 fee-free ATMs.
You’ll also have the perk of potentially receiving your salary up to two days early or government benefits up to 4 days earlier.
To steer clear of the $5 monthly fee, just ensure a direct deposit is made monthly. The bank also cushions against financial mishaps with an optional $200 overdraft protection.
Additionally, GO2bank offers a pathway to better credit scores through building credit with its Secured Visa Credit Card.
Based in Tupelo, Renasant Bank showcases its regional strength with 195 branches sprawling across seven states, including a significant presence in Mississippi.
They offer an array of checking accounts to cater to various needs, featuring a basic account that remains fee-free if you adhere to certain requirements.
To dodge the $10 monthly fee, customers can opt for eStatements, set up at least one direct deposit a month, or maintain a daily balance of $1,000.
Initiating your journey with Renasant Bank is quite straightforward, necessitating a mere $50 to open an account, with the comfort of no minimum balance requirement post that.
The bank offers a strong option for savers with competitive rates on CDs. It also provides checking and loan options for small business owners and savings accounts designed for children.
From its inception in a Verona, Mississippi as a hardware store in 1876, Cadence Bank has flourished into a regional bank with branches in numerous states, including Mississippi.
The “My Way” checking account from Cadence Bank offers flexibility by allowing users to avoid the $8 monthly fee.
You can do this by maintaining a $250 balance, making five debit card purchases per month, receiving at least one direct deposit of $100 or more, or by being a student under 25.
Opening an account requires a $50 initial deposit and maintaining a $250 minimum balance.
For savers, Cadence Bank offers competitive CD rates and specialized accounts for seniors over 62, as well as wealth management services tailored to its clients.
Cleveland State Bank is a local community bank with five branches in Mississippi, three of which are located in Cleveland, and one each in Grenada and Merigold.
In terms of checking options, the bank has two non-interest-bearing accounts and an Elite Checking Account which does earn interest at a variable rate set by the bank.
To open this account, a substantial initial deposit of $1000 is needed, and a $9 monthly fee can be avoided by maintaining this balance.
The bank also offers three types of savings accounts. The regular one requires a $100 initial deposit and a minimum account balance of $100 to waive the $5 monthly fee.
Furthermore, Cleveland State Bank extends its service offerings to include credit cards, mortgages, various loans, and safe deposit boxes.
It offers the New Chance Checking account, a second chance checking account, fostering financial recovery for those who need a fresh start.
Opening this account requires a deposit of $100. A notable downside is the $15 monthly fee, although it aids individuals in rebuilding a trustworthy banking history.
Account holders receive a complimentary Visa debit card and the perk of unlimited check writing. Moreover, maintaining a good standing for a year or more could allow an upgrade to a traditional checking account.
Ally Bank is a popular online-only bank that offers a streamlined, low-cost alternative to traditional banks.
With no monthly maintenance fees, no minimum balance requirements, and no minimum deposit to open, its checking account is accessible to just about anyone.
Customers get access to over 43,000 Allpoint® ATMs nationwide, plus up to $10 in monthly reimbursements for fees charged by other ATM providers. Ally’s mobile banking app is highly rated for its ease of use and range of features.
Ally also stands out for its strong interest rates across savings accounts, CDs, and money market accounts, helping you earn more on your balance.
Extra perks like early direct deposit and built-in overdraft coverage up to $250 for eligible customers make Ally a solid choice for those looking for a digital-first banking experience.
Wells Fargo is a national bank and one of the largest banks in the country. It offers a broad range of banking services complemented by an extensive branch and ATM network.
Starting a checking account at this national bank is accessible, with a minimum opening deposit of just $25.
There’s a $10 monthly fee, but it’s avoidable for those aged 17 to 24, those receiving $500 or more in qualifying electronic deposits each month, or maintaining a minimum balance of $500.
College students have an extra advantage; they can access free checking when they link a Wells Fargo campus card to their bank account.
When it comes to savings, Wells Fargo offers competitive rates on savings accounts and CDs.
New customers have enticing incentives to join, including a $300 reward for opening a new checking account and the opportunity to earn 20,000 bonus points with the new Wells Fargo Visa.
Regions Bank is one of Mississippi’s most accessible banking options, with branch locations across the state, including Biloxi, Gulfport, Hattiesburg, Jackson, and Meridian.
This widespread presence makes it a convenient choice for in-person banking while also offering robust digital tools.
The LifeGreen® eAccess Account is ideal for those who prefer to manage their finances online. It requires a $50 opening deposit and has no daily minimum balance requirement. The $8 monthly fee can be waived with at least 10 debit or credit card purchases each month.
Regions also provides competitive rates on CDs and money market accounts for those looking to grow their savings.
For customers seeking long-term financial guidance, Regions offers wealth management services designed to support investment and retirement planning.
PriorityOne Bank operates exclusively in Mississippi, with 16 branches serving cities such as Brandon, Collins, Flowood, Hattiesburg, Laurel, Magee, and Ridgeland.
Its strong local presence and focus on personalized service make it a solid option for those who value community banking.
Customers can choose from several checking accounts, including a basic option that features mobile banking access and unlimited check writing.
The account has a $7 monthly fee, but this can be waived by maintaining a daily balance of at least $100. It requires a $50 opening deposit and has no ongoing balance requirement.
For those looking to save, PriorityOne Bank offers competitive interest rates on CDs and money market accounts.
The bank also provides a Check Buy-Back program, reimbursing customers for unused checks and debit cards when switching from another institution.
With its headquarters in Jackson, Trustmark National Bank is a notable presence in the Southeast U.S., providing services through its 180 branches, alongside a host of ATMs and ITMs.
The bank offers a checking account with a $10 monthly fee. However, they waive the fee if one of the following criteria: at least 15 debit transactions per month, minimum electronic deposits of $100 monthly, or an average balance of $1,500.
There’s a $50 minimum deposit to open the checking account, and no stipulation for a minimum daily balance. The offerings extend to a $50 bonus for those who open a student checking account.
Trustmark National Bank also offers a wide range of banking options to small business owners, demonstrating its commitment to meeting the demands of a wide range of clients.
First State Bank is a community bank that serves various locations including Waynesboro, as well as in Ellisville, Laurel, Leakesville, Lucedale, Meridian, Quitman, and State Line.
The Kasasa Cash Checking account is a fee-free rewards checking option that allows you to earn interest on your balance.
With a modest $100 minimum deposit required to open the account, there’s no daily minimum balance requirement. The account also offers up to $25 in ATM fee reimbursements per cycle for out-of-network ATMs.
In addition to checking, the bank offers a savings account with competitive interest rates. Customers aged 50 and over are invited to join the bank’s Travel and Leisure Club, providing access to additional perks and experiences.
How to Choose the Best Bank in Mississippi
Choosing the right bank can impact your financial health for years. The best banks in Mississippi combine safety, convenience, and the right mix of features to help you reach your goals. Here’s what to consider:
Customer service: Strong support makes a difference. Look for banks known for responsive, helpful service, both in-person and online.
Fees and charges: Review the fee structure carefully. Monthly maintenance fees, ATM fees, and overdraft charges can add up. Aim for a bank with clear, low-cost policies.
Product offering: Whether you need checking, savings, loans, or mortgages, the right bank should offer the products that align with your financial needs.
Online and mobile banking: A good app and online tools make managing your money easier. Prioritize banks that let you handle everything from bill pay to mobile check deposits.
Special features or offers: Look for perks like welcome bonuses, rewards programs, or high-yield savings accounts—these can add meaningful value over time.
Branch and ATM access: If you prefer in-person banking, check branch and ATM availability near your home or workplace to save time and avoid out-of-network fees.
Interest rates: Even small rate differences on savings accounts and CDs can impact your returns. Choose banks with consistently competitive rates.
Community involvement: Some banks actively support local causes. If that’s important to you, consider institutions that invest in Mississippi communities.
Types of Banks to Consider in Mississippi
Before choosing a bank in Mississippi, it helps to understand the different types available. Each serves a different purpose, depending on your financial needs. Here’s a quick breakdown:
National banks are large institutions with branches across the country, including many in Mississippi. They typically offer a wide range of financial products, strong mobile apps, and extensive ATM networks.
Regional banks serve specific areas or groups of states. They often combine broader banking services with a better understanding of local financial needs and may offer more personalized customer support than national banks.
Local banks focus on serving communities within the state. These banks are a good option if you value a close relationship with your banker and want to support local businesses.
Online banks operate without physical branches, allowing them to offer higher interest rates and fewer fees. They’re ideal for people who prefer to manage their finances digitally.
Credit unions are not-for-profit financial institutions owned by their members. They usually offer lower fees, better savings rates, and a more community-driven approach. Membership may be limited to certain areas, employers, or groups.
Final Thoughts
Mississippi offers a mix of national, regional, and community banks, each with its own strengths. Whether you’re looking for low fees, strong customer service, or digital convenience, you’ll find institutions that cater to different financial needs.
Before opening an account, consider what matters most—local branches, ATM access, savings features, or added perks. The right choice can make everyday banking smoother and help you reach your financial goals faster.
Stephanie Faris is a professional finance writer with more than a decade of experience. Her work has been featured on a variety of top finance sites, including Money Under 30, GoBankingRates, Retirable, Sapling, and Benzinga.
