Regions Bank vs Bank of America
Regions Bank is a south and Midwest bank with special reward programs. How does it compare to Bank of America? Read our comparison chart below.
Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.
While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.
Compare Regions Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Learn More | Learn More | |
Regions Bank | Bank of America | |
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LifeGreen Savings Account – Up to $100 Annual Savings Bonus - | Bank of America Advantage Banking - $200 Bonus Offer | |
Benefits and Features | ||
Savings | ||
CD | 0.01% APY (Up to 5.00% APY for Promotional Relationship) | |
Checking | ||
ATMs | More than 1900 ATMs in 15 Southern and Midwestern US states. | |
Customer Service | 24/7 Telephone Customer Service |
|
IRA CD | ||
Locations | More than 1500 branches in 16 Southern and Midwestern US states. | |
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | South and Midwest bank with special reward programs... | National bank with widespread accessibility and wide range of services... |
Learn More | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Regions Bank: Pricing information from published website as of 04/30/2024 based on 35203 zip code. Bank of America: Pricing information from published website as of 04/26/2024 based on 91107 zip code. |
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Bank of America Advantage SafeBalance Banking®
- Banking that helps you stay within your balance.
- No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily. balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
- Bank of America, N.A. Member FDIC.
Which is Better: Regions Bank or Bank of America?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Regions Bank or Chase.
In short: Regions Bank's savings is notable. Bank of America's mobile app is noteworthy.