Checking
The one constant in your life is change, so you need a checking account that matches the way you live today. We offer a variety of checking accounts designed to fit specific financial lifestyles. Whether you are a student on the go, a retiree on a fixed budget or someone in between, we have a checking option that is right for your life.
Direct Deposit
Have your payroll, Social Security or other recurring income directly deposited.
Online Banking
Check your balances, view your transaction history, pay bills and more — all from your computer or mobile device.
Free Mobile Banking
View your account activity, pay bills, transfer money or find a branch location near you.
Compare Personal Checking Options
| CHECKING ACCOUNT TYPE |
BUDGET SMART Has Safeguards to Help Avoid Overspending Find a Location |
MY WAY Great for Everyone & Students Under 25(1) Open Account |
PERFORMANCE
Earn High Interest Open Account |
INTEREST PLUS Earn Tiered Interest Open Account |
HERITAGE Great for Seniors Age 62+ Open Account |
|---|---|---|---|---|---|
| AVOID SERVICE CHARGE BY MEETING THESE MONTHLY REQUIREMENT(S) |
No requirements; monthly service charge applies |
$100 minimum daily balance or five (5) debit card purchase transactions or at least one (1) Direct Deposit of $100 or more |
$1,000 minimum daily balance or meet Higher Rate requirements(2) |
$1,000 minimum daily balance |
$500 minimum daily balance |
| MONTHLY SERVICE CHARGE IF REQUIREMENTS ARE NOT MET |
$5 (flat fee - no options to waive) |
$5 - Everyone $0 - Students under 25 |
$10 |
$10 |
$8 |
| INTEREST EARNED |
No | No |
Higher Rate (2) | Tiered Rates (3) | Yes |
| MONTHLY STATEMENT FEES |
No fee for online or paper statements |
$0 - Online Statements(4) $2 - Paper Statements $4 - Paper Statements with Images No fee with $500 balance |
$0 - Online Statements(4) $2 - Paper Statements $4 - Paper Statements with Images No fee with $500 balance |
No fee for online or paper statements |
No fee for online or paper statements |
| DEBIT CARD |
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| ONLINE BANKING |
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| BILL PAY |
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| SPENDING | |
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| MOBILE BANKING |
(5) |
(5) |
(5) |
(5) |
(5) |
| OVERDRAFT PROTECTION AVAILABLE |
No; overdraft avoidance available |
(6) |
(6) |
(6) |
(6) |
| BANCORPSOUTH CREDIT CARD AVAILABLE |
(7) |
(7) |
(7) |
(7) |
(7) |
| ADDITIONAL FEATURES |
Overdraft Avoidance(13) helping you spend only the money available in your account by declining most transactions that exceed that amount. |
Students under 25 receive first box of checks printed at no charge(9) |
Up to 5 ATM refunds when requirements are met(2) |
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Travel and entertainment discounts, plus insurance and free checks (8) |
Disclaimers:
(1)The student waiver is available upon request for students under age 25. The student waiver will automatically be removed and you will be subject to the My Way monthly service charge requirements, beginning with the first monthly statement cycle following your 25th birthday. Students are also eligible to receive the first box of 25 checks at no charge, or 50% off of a collegiate check style (first order only). Students must be at least 18 to have a single-party account. All students under the age of 18 must have a parent or guardian as a multiple-party account owner. If residing in Alabama, students under the age of 19 must have a parent or guardian as a multiple-party account owner.
(2) The Higher Rate is paid on Performance Checking account balances from $0-$30,000, and non-BancorpSouth ATM fee refunds and credits (a total of $4.00 for each of the first five non-BancorpSouth ATM transactions each statement cycle) are given at the end of each statement cycle, when all of the following three requirements are met during a statement cycle: 1. Have at least one ACH debit or credit. 2. Have at least 12 debit card purchase transactions. 3. Receive online statements instead of paper statements by regular mail. If you do not meet all three requirements during the statement period, you will earn the Standard Rate on all balances. The Standard Rate is always paid on that portion of Performance Checking account balances over $30,000, even if the three requirements have been met. The Standard Rate is also paid on balances from $0-$30,000 for the entire statement cycle if any of the three requirements are not met for the Higher Rate at any time during the statement cycle. Rates are subject to change at the bank’s discretion. Fees may reduce earnings. Maintain a minimum balance of $1,000 or meet the Higher Rate requirements to avoid $10 monthly fee.
(3) Interest is earned on the Interest Plus Checking account according to the following tiers: $0 – $4,999; $5,000 – $9,999; $10,000 – $24,999; $25,000 – $49,999; $50,000 – $99,999; $100,000 +.
(4) Account must be enrolled in BancorpSouth Online Banking to receive online statements. Monthly paper statement fee is avoided with a minimum daily balance of $500.
(5) Carrier data charges may apply. The BancorpSouth Mobile Banking App is available for iPhone® and Android™ devices. Visit the iTunes Store or the Android™ Market to download your app today. If you do not have an iPhone or Android device, you can access Mobile Banking by going to bancorpsouth.com/mobile after enrolling.
(6) Overdraft protection requires either a BancorpSouth Credit Card or Equity Credit Line (both subject to credit approval).
(7) BancorpSouth Credit Card is subject to standard credit card lending policies.
(8) Heritage Checking customers receive one box free per year of special member checks and 50% off any other check offer. Accounts that receive free checks are required to pay tax and shipping on the check order.
(9)Accounts that receive free checks are required to pay tax and shipping on the check order.
Please see the BancorpSouth Account Information Statement for more details regarding deposit accounts.
(13)BancorpSouth’s Budget Smart Checking product is not eligible to participate in BancorpSouth’s overdraft services including, but not limited to, overdraft protection services. Those services are discretionary and do not apply to Budget Smart Checking accounts and you will not be allowed to opt-in for such services. BancorpSouth will decline or return transactions when you do not have enough money in your account to cover the amount of the transaction. While this prevents you from overdrawing your account in most cases, there may still be times when your account could have a negative balance. In instances where transactions cause you to have a negative balance or where items you issue are returned unpaid, BancorpSouth will not charge you overdraft or insufficient funds fees. If you do have a negative balance, you will be obligated to repay the overdrawn amount.
