Dizzied by the sheer number of online and in-person banking services options throughout your home state of Mississippi? Benzinga’s guide includes some of the best options to help you reach your financial goals.
Best Banks in Mississippi Near You:
- Best for Saving: BancorpSouth
- Best for Small Business Loaning: BBVA
- Best for Multiple Checking Options: Trustmark National Bank
- Best for Commercial Banking: CIT Bank
- Best Mobile Access: Renasant Bank
Best for Saving: BancorpSouth
BancorpSouth is trusted for its commitment to fostering a diverse, inclusive community among clients. BancorpSouth has improved its online and mobile banking experiences. These include secure, quick online transfers, digital bill pay and notifications right on your mobile device for check clearings or when you reach a specific balance.
BancorpSouth can offer you a My Goal Savings account with a $100 minimum balance and a Performance Savings account with a $50 minimum balance. Select Savings accounts are also available for bigger savings with a $1,000 minimum balance.
Best for Small Business Loaning: BBVA
BBVA embraces the individuality of its clients and caters to the growing complexity of finances and business in the world. BBVA was recognized as 1 of the leading small business lenders by the Small Business Administration (SBA) in 2017.
BBVA can offer you online and premium checking accounts with no ATM fees, a low opening deposit of $25 and a Visa debit card with cashback rewards. Savings accounts with a $25 minimum opening deposit through BBVA come with no ATM fees, up to 4 fee-free withdrawals per statement cycle and overdraft protection when linked to a BBVA checking account.
Best for Multiple Checking Options: Trustmark National Bank
Trustmark National Bank is devoted to building strong and productive relationships with clients just like you.
It offers several unique checking account options:
- Over 50 checking accounts
- Accounts for medical expenses
- College student accounts
- Accounts for longtime Trustmark clients
You can also get secure after-hours deposits for both personal and commercial accounts and foreign currency exchange via delivery right to your door. Trustmark has also broadened its client base over the years to include investment services such as risk management through Trustmark Investment Advisors Inc. and Fisher Brown Bottrell Insurance Inc.
Best for Commercial Banking: CIT Bank
For over a century, CIT Bank has been dedicated to turning financial hopes into great outcomes. CIT Bank offers commercial banking services such as lending, leasing and factoring financial solutions to small businesses and middle-market companies. Also under commercial services, CIT Bank can offer senior secured commercial real estate loans to owners, developers and investors across the U.S.
You can cover all of your bases through CIT Bank’s personal banking with its very own eChecking accounts, money market accounts, home loans and mortgage products. You can get up to $30 in other banks’ ATM fees reimbursed every month and have access to depositing checks and making unlimited withdrawals using CIT’s mobile app.
Best Mobile Access: Renasant Bank
As one of the Southeast’s leading banks, Renasant Bank is committed to investing time and understanding in its communities as a way of better meeting its clients’ needs and goals.
Renasant Bank offers rewards, student and regular checking accounts to fit your needs, accessible via the Renasant mobile app. Renasant Bank’s online and mobile services are there to help you handle your funds 24/7 with its online deposits, eStatements and transfer options. Renasant can also offer you rewards savings and regular savings accounts that both have a flexible limit of six withdrawals and/or transfers per month.
Frequently Asked Questions
Q: What happens if I accidentally withdraw more than I have in my account?
A: Withdrawing more funds than what is available in your account is called an overdraft. When this happens, most banks usually still allow the transaction to go through but charge you a fee. Other banks prevent overdrafts and allow you to cancel the transactions for a period of time after they go through. Make sure to keep track of how much money you have available to avoid fees and stress.
Q: Will it cost me to transfer money?
A: Most banks allow you to pay bills directly from your checking account at no cost. You won’t be charged if you want to transfer funds to friends and family and your bank offers person-to-person transfer services on a mobile app or online. You may be charged a fee for wiring funds outside of the bank.
Find the Best Mississippi Bank for You
Good banking is an essential part of your financial well being. Do your part and consider all your checking, savings and miscellaneous accounts and the fees that come with them before you choose the best bank for you.
To determine the best banks in Mississippi, Benzinga analyzed over 100 banks and financial institutions. We gave weight to banks in Mississippi with co-op ATMs and cashback options. We also gave greater rankings to banks that offered the following: checking and savings accounts, online banking, personal loans, mortgages, educational resources and a mobile app.
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