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Regions Bank vs Wells Fargo

Regions Bank is a south and Midwest bank with special reward programs. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

Compare Regions Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Regions Bank

Wells Fargo

SPECIAL OFFER
LifeGreen Savings Account – Up to $100 Annual Savings Bonus - Learn More

Read Regions Bank Review

SPECIAL OFFER
Savings Account - $525 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

Savings
0.01% APY
0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.
CD0.01% APY (Up to 5.00% APY for Promotional Relationship)Standard Fixed Term CD available online: 1.50% to 2.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. More CD terms are available in branch.
Checking Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Money Market Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship.
ATMsMore than 1900 ATMs in 15 Southern and Midwestern US states.approximately 11,000 ATMs across the country
Customer Service24/7 Telephone Customer ServiceAvailable 24 hours a day, 7 days a week.
IRA CD
Check
Standard Term CD: 0.01% to 2.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit.
LocationsMore than 1500 branches in 16 Southern and Midwestern US states.Approximately 4,500+ retail banking branches coast to coast.
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarHalf StarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarHalf StarEmpty StarStarStarStarStarHalf Star
Money MarketStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarHalf Star
Pros & ConsPros:
  • $50 to open checking account
  • Relationship Rewards program
  • LifeGreen Savings annual bonus
Cons:
  • No free checking option
  • Limited branches
  • Low savings APY
Pros:
  • Low requirements for Everyday Checking
  • Full service bank
  • 24/7 customer service
Cons:
  • Low savings rates
  • Not in all states
Bottom LineSouth and Midwest bank with special reward programs... Read full reviewA "big 4" bank with a good range of checking accounts and full services... Read full review

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 04/11/2024 based on 35203 zip code.

Wells Fargo: Pricing information from the published website as of 04/10/2024 is based on the 91101 zip code.

Which is Better: Regions Bank or Wells Fargo?

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. Wells Fargo's checking, mobile app, and customer service are worth mentioning. In particular, the mobile app is impressive.


Articles on Regions Bank

Regions Bank Review

Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you.

Articles on Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Wells Fargo High Yield Savings

Looking for a traditional bank to grow your funds? Wells Fargo offers a high-yield savings account with a decent rate. Read on to find out more.

Wells Fargo Bank CD Rates

Wells Fargo is one of the largest banks in the U.S. Should you get a Wells Fargo CD? Might be worth considering. Learn more.

Wells Fargo Bank Hours

Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.

Wells Fargo Routing Number

Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.

Which Do You Think is Best?





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