BankPlus is headquartered in BELZONI and is the 6th largest bank in the state of Mississippi. It is also the 195th largest bank in the nation. It was established in 1909 and as of December of 2024, it had grown to 1,088 employees at 85 locations. BankPlus has an A health rating.
Rip Off Bank Avoid
BankPlus (should be called BankMinus because they will minus your account in ways you cannot imagine)> BankPlus purchased First Bank and Trust in Covington and started charging a $6/month fee, pays $0 interest on money in the checking account and is charging overdraft fees of $38 every time you turn-around.
Part of this scam is they show you having two different balances in your single checking account, one is actual, and one is how much they will cover in excess of the real balance-very misleading. I am canceling this account-I have never had banking problems like this before.
THIEVES AND THEIVERY
I have banked with this bank almost 20 years now. And I am withdrawing ALL of my money. I get 2 direct deposits into my account on the first of every month and depending on what day first falls on it will come in a day early. I have to now continuously check my account for them stealing more of my money.
I have bill pay setup and have for years where everythin gets paid on the first. No matter the due date of the bill.
Now I did have a credit card that was on auto pay,then received a phone call telling me that my card had been closed due to miss payment. Now I know the money was deposited as it has been for years without change. I even have overdraft allowance of 2000. But on this day. My bill was not paid and got nsf charge of 36.00. Now if you have overdraft protection how is this possible??? And they even take a fee out monthly for this service.
I then got a credit card closed with a late fee attached and as well a 36.00 fee from the bank these bills have been set up for years without it never going unpaid. But 2 months ago it happened.. I had a time here recently when I had to call the bank about a nsf charge on my account and the bank lady told me that I DIDN'T and told her I wouldn't be calling about this if this wasn't happening and I told her I was opening the app up again to let her know exactly what I saw with my own eyes and while speaking with her, I explained to her what I had I just seen happen on my account. And without calling me a LIAR she let me know that,, wasn't possible yet there before me was my account being change from NSF to OD. REALLY??? But that doesn't matter, Either way it was written they took the 36.00. I have noticed that just within the past 2 years they have gotten me for close to $5000. If not more.
So HEED THIS WARNING
Do Not Bank with Bankplus unless your hard earned money isn't a big deal to you. BECAUSE it's a big deal to them that their hands are on your money and will keep it there
" FOR SAFE KEEPING " This is how they pay thier staff is by taking your money. To hold your deposited money until just the right moment a bill to be paid hits your account so that they can get that fee. If my deposits hit my account straight up at midnight it should be credited to the account just at that moment not at 7am in the morning when autopay starts to kick in.
THIEVES. Are who they are
And thievery is what they do.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5903 |
| Year Established | 1909 |
| Employees | 1088 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 9.09% |
| Annual Interest Income | $422.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $7.92B$7.64B |
| Loans | Q4 2024vs Q4 2023 | $6.07B$6.02B |
| Deposits | Q4 2024vs Q4 2023 | $6.83B$6.4B |
| Equity Capital | Q4 2024vs Q4 2023 | $830.1MM$775.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $71.9MM$65.9MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $22.5MM$8.1MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $8MM$2.4MM |
