Non ChexSystems Banks in Mississippi
If you have ever tried to open a bank account and been denied, it could be because you have shown up on the ChexSystems database. ChexSystems is an agency that collects financial information on customers who repeatedly show they are a risk to banks. This includes when you have bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time.
Oftentimes, once your poor credit has been noticed you will no longer be extended the opportunity to bank with ChexSystems banks. Your name and information will be held on file for 5 full years, thus preventing you from having interactions with financial institutions that subscribe to their service.
However, most states have what are sometimes called ‘last chance banks’ or ‘non-ChexSystems banks’ which provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. They realize that you might have some trouble keeping your accounts balanced, so they accept this risk by often requiring some form of security deposit. By using these banks you are able to rebuild your credit. Once you have survived five years, your name will be removed from the ChexSystems list and you can get into a more traditional bank.
Mississippi has several financial institutions that are Non ChexSystems Banks. You may want to start with these and see if they can provide the services you are looking for.
Please note that the information about non chexsystems banks changes each year (even month). We cannot guarantee any of the banks listed won’t do a non chexsystems check (though at the time of compiling, these banks don’t require a chexsystems check). You will have to call the banks to see.
If you have problems opening up a bank account, the best solution is to open up an online bank account here.
Nonchexsystems Banks in Mississippi
- First Tennessee National Bank (800) 382-5465
- Trustmark National Bank (800) 243-2524