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Personal Banking
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Personal Banking

My Way Checking

Make your checking account your own by customizing it with the services you need. Plus, with the many ways to avoid service charges, My Way Checking can be your low cost/no cost checking solution. Bundle My Goal Savings and start saving toward your goal today.

Choose your way to make your account free by avoiding the $5 monthly fee when you conduct any one of the following each month:

- Maintain a minimum daily balance of $100, or
- Conduct 5 debit card purchase transactions, or
- Have 1 ACH Deposit of $100 or more

  • Free Internet Banking - Check balances, view and print copies of your checks, pay bills, and make transfers anywhere you have Internet access. Visit www.bancorpsouth.com to apply online.
  • Free Bill Pay* - Pay your bills online on our secure Website and save on stamps too! To receive free Bill Pay all you need is either a Direct Deposit or Online Statements.  
  • Free MasterCard® Debit Card - Can be used anywhere MasterCard Debit Card is accepted and also works as your ATM card.
  • Free Online Statement** - No more paper statements! Receive your statements through Internet Banking.
  • Combined Statement - See activity and balances on checking and savings accounts every month on one statement (Regular six-month savings statement will not include checking information).
  • Direct Deposit - Save yourself a trip to the bank and have your payroll, Social Security or other reoccuring income directly deposited into your checking account.
  • Savings Account - Bundle My Goal Savings with My Way Checking for an easy way to spend and save.
  • BancorpSouth Credit Card*** -  No annual fee BancorpSouth MasterCard® Credit Card. Rewards and Overdraft Protection available.

 

* To receive Bill Pay, customer must have either Direct Deposit or Online Statement, or a $4.99 monthly fee will be assessed at statement time.

**Online Statements required otherwise there will be a $2 monthly fee for a truncated paper statement or a $4 monthly fee for an image paper statement.

***BancorpSouth Credit Card is subject to standard credit card lending policies.

 

 

Regulation E Disclosure

 

VerisignEqual Housing LenderMember FDIC
Insurance and Investment products are:
Not a Deposit Ð No Bank Guarantee Ð Not insured by FDIC or other Government Agency
Not a Condition of any Bank Loan, Product or Service
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MUTUAL FUND FEES AND ADDITIONAL COMPENSATION

Mutual funds are subject to various fees, charges and other expenses, including investment management fees and various distributionrelated fees (including 12b-1 fees), transfer agency fees and other administrative service fees. The current prospectus for the applicable mutual fund contains more detailed information concerning the fund and its objectives, risks, fees and charges. A copy of the current prospectus may be obtained by contacting your Account Administrator.

BancorpSouth Asset Management & Trust receives fees or other compensation ("Fund Compensation") when your account's assets are invested in certain mutual funds, including money market mutual funds. Some Fund Compensation is paid to us from the assets of the funds ("Fund-Paid Compensation") and impacts your investment return. In other instances, Fund Compensation is paid out of the assets of the fund's manager/sponsor ("Manager-Paid Compensation") and does not impact your investment return. Generally, Fund Compensation is paid to us at least quarterly and is based on a percentage of the average daily net assets of your account invested in the fund. The Fund Compensation we receive is in addition to our normal asset-based fees and other fees and the value of your account's assets will be included in calculating our normal asset-based fees and applicable Fund Compensation.

Trading Platform. If you direct the investment of your account, you have access to a wide variety of mutual funds on our BancorpSouth Asset Management Trading Platform. Many of the mutual funds available on the Trading Platform pay us Fund-Paid Compensation for sub-transfer agency and related services, which fees typically range from 0.10% - 0.15% annually. In addition, certain funds available on the Trading Platform pay us Fund-Paid Compensation in the form of 12b-1 fees for various administration and customer servicing relating to the fund's shares held by your account, which fees typically range from 0.00% to 0.25% annually.

Asset Allocation Models. Currently, we receive Fund-Paid Compensation only in the form of sub-transfer agency fees (for services related to buying, selling, and holding fund shares) from some mutual funds (including money market funds) that are used in our Asset Allocation Models. The sub-transfer agency fees we receive range from 0.00% to 0.15%. The amount of Fund Compensation we receive will vary from fund to fund and may not apply in the case of some funds. Our investment process is designed to pick funds for the Asset Allocation Models without regard to whether a fund pays us Fund Compensation and without regard to the amount of such compensation.

Money Market Mutual Funds. Your account's short-term balances are invested in money market mutual funds sponsored/managed by Federated Securities Corp. ("Federated Money Funds") or money market mutual funds sponsored/managed by Goldman Sachs Asset Management, L.P. ("Goldman Money Funds"). As of March 1, 2011, we receive Manager-Paid Compensation from Federated Securities Corp. or its affiliates of up to 0.05% of the average net assets invested in Federated Money Funds and from Goldman Sachs Asset Management or one of its affiliates of up to 0.06% of the average net assets invested in the Goldman Money Funds. The level of Manager-Paid Compensation will vary from time to time.

For additional information, please contact your Account Administrator.