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Regions Bank Promotions

Read our in-depth review of Regions Bank to see why Regions Bank scored 3.4 stars out of 5. We like their $50 to open checking account, relationship rewards program, and lifegreen savings annual bonus.

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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.

Regions Bank Promotions

Regions Bank frequently offers cash bonuses for new checking customers. Some deals are only available for residents of select States, so make sure you read the fine print carefully.

All Regions Bank checking accounts offer free online banking, bill pay, and mobile deposits. There are 1,900 ATMS across 15 states.

Special Checking Account Features

Regions checking accounts come with these special features:

  • Relationship Rewards. Earn relationship reward points when you do normal banking activities, like using online bill pay, making ATM deposits, etc. You can then redeem rewards for cash, gift cards, travel, and more.

  • Regions LockIt. This allows you to block transactions. For example, if you want to control your spending while out for a day, you can lock in-store purchases so you're not tempted. If you lose your card, you can lock all transactions until you find it or report it as lost. You can control this straight on the mobile app.

  • Overdraft protection. To help cover overdrafts, you can link your Regions checking account to a savings, money market account, Regions credit card, or Regions personal line of credit. Note: Transfer fees may apply. You must opt in to this service.

What to Open at Regions Bank

  • Promotional CDs. If you have at least $10,000 to save, Regions Bank offers a promotional CD with highly competitive rates. You can choose terms of 12-15 months. You must also own a Regions checking account to receive this relationship rate.

  • Regions LifeGreen Savings. If you have a Regions checking account, you can open this savings account with no monthly service fee. Opening deposit is $50 if opened online or $5 at a bank. If you set up automated monthly transfers from your checking into this savings, you will earn a 1% annual savings bonus (up to $100/year).

  • Now Banking and Cash Solutions. This allows you to manage your money without a Regions checking account. You get a prepaid Visa for purchases. You also get a savings account with no monthly fee and opportunities for savings bonuses. It also offers check cashing services (for a small percentage of the check amount) with immediate access to your funds.

  • Student Checking. This account has no monthly service fee and no minimum balance requirements for customers under 25.

How to Avoid Regions Bank Checking Account Fees

  • LifeGreen Simple Checking. This account has no minimum balance requirements, but the monthly fee cannot be waived.

  • LifeGreen Checking. The $8 monthly fee (with e-statements) can be waived if you: maintain a monthly average balance of $1,500, OR have at least a single recurring direct deposit of $500, OR have combined deposits of at least $1,000.

  • LifeGreen eAccess. The $8 monthly fee (with e-statements) can be waived if you make at least 10 Regions debit card and/or credit card purchases per cycle.

  • LifeGreen Preferred Checking. The $18 monthly fee can be waived if you: maintain a monthly average balance of $5,000, OR maintain a combined balance of at least $25,000 across all Regions deposit accounts, OR have a qualifying first-lien home mortgage loan, OR have a combined loan balance of at least $25,000 across all Regions loans, lines of credit, and credit cards.

  • Life Green Student Checking. This account has no monthly service fee and no minimum balance requirements if you are under 25.

  • LifeGreen 62+ Checking. The $8 monthly fee (with e-statements) can be waived if you: maintain a monthly average balance of $1,500, OR have at least a single recurring direct deposit of $300, OR have combined deposits of at least $1,000.

    Highlights

    Savings
    Two types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee.
    CD
    0.01% - 0.50% APY. Terms ranging from 1 - 72 months. (Promotional rate of 0.50% APY for 7 Months) $500 minimum opening deposit for CDs with terms 90 days or longer. $2,500 minimum opening deposit for CDs with terms 7 - 89 days.
    Money Market
    Two types of Money Market accounts - Regions Money Market Account and Premium Money Market Account. Regions Money Market: $12 monthly fee. Premium Money Market: $15 monthly fee.
    Customer Service
    24/7 Telephone Customer Service
    ATMs
    More than 1900 ATMs in 15 Southern and Midwestern US states.
    IRA CD
    0.10% - 0.50% APY. (Promotional rate of 0.50% APY for 7 Months) Terms ranging from 6 months - 72 months. $250 minimum opening deposit.
    IRA Money Market
    0.01% APY. Minimum $50 opening deposit.
    Locations
    More than 1500 branches in 15 Southern and Midwestern US states.

Pricing information from published website as of 05/30/2020 based on 35203 zip code.

 

Regions Bank

Bank of America

 

Benefits and Features

SavingsTwo types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee.0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
CD0.01% - 0.50% APY. Terms ranging from 1 - 72 months. (Promotional rate of 0.50% APY for 7 Months) $500 minimum opening deposit for CDs with terms 90 days or longer. $2,500 minimum opening deposit for CDs with terms 7 - 89 days.Standard Term CD: 0.03% - 0.10% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.20% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000.
Money MarketTwo types of Money Market accounts - Regions Money Market Account and Premium Money Market Account. Regions Money Market: $12 monthly fee. Premium Money Market: $15 monthly fee. 
Customer Service24/7 Telephone Customer ServiceMon-Fri: 8am - 9pm(ET)
Sat: 8am - 8pm (ET)
Sun: 8am-5pm (ET)
ATMsMore than 1900 ATMs in 15 Southern and Midwestern US states.Approximately 15,900 ATMs around the country.
IRA CD0.10% - 0.50% APY. (Promotional rate of 0.50% APY for 7 Months) Terms ranging from 6 months - 72 months. $250 minimum opening deposit.Standard Term CD: 0.03% - 0.10% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.20% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000.
IRA Money Market0.01% APY. Minimum $50 opening deposit. 
LocationsMore than 1500 branches in 15 Southern and Midwestern US states.4600 retail financial centres around the country and brances in more than 40 other countries.

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 05/30/2020 based on 35203 zip code.

Bank of America: Pricing information from published website as of 05/30/2020 based on 91107 zip code.


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