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SunTrust Bank vs Regions Bank

SunTrust Bank is a southeastern regional bank known for good customer service. How does it compare to Regions Bank? Read our comparison chart below.

SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.

While 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.

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

 

SunTrust Bank

Regions Bank

SPECIAL OFFER
SunTrust Advantage Checking Account - $300 Bonus - Learn More

Read SunTrust Bank Review

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

Read Regions Bank Review

 

Benefits and Features

Savings0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.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.
CD1.50% - 1.75% APY. Terms ranging from 6 months - 24 months. $2000 minimum opening deposit.0.01% - 0.50% APY. Terms ranging from 1 - 72 months. (Promotional rate of 1.25% - 1.40% APY for 8 - 11 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 MarketMinimum opening deposit $100. Monthly maintenance fee $17 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained.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 Service24/7 Telephone and Automated Customer Service24/7 Telephone Customer Service
ATMsMore than 2000 ATMs across 11 southeastern states and Washington DC.More than 1900 ATMs in 15 Southern and Midwestern US states.
IRA CDTerms ranging from 1 - 10 years.0.10% - 0.50% APY. (Promotional rate of 1.25% - 1.40% APY for 8 - 11 Months) Terms ranging from 6 months - 72 months. $250 minimum opening deposit.
IRA Money Market 0.01% APY. Minimum $50 opening deposit.
Locations1400 bank branches across 11 southeastern states and Washington D.C.More than 1500 branches in 15 Southern and Midwestern US states.
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High APY for CDs
  • Free student account
  • Good customer service
Cons:
  • No free checking option
  • Low savings APY
  • Limited branches
Pros:
  • $50 to open checking account
  • Relationship Rewards program
  • LifeGreen Savings annual bonus
Cons:
  • No free checking option
  • Limited branches
  • Low savings APY
Bottom LineSoutheastern regional bank known for good customer service... Read full reviewSouth and Midwest bank with special reward programs... 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.

SunTrust Bank: Pricing information from published website as of 10/12/2019 based on 91107 zip code.

Regions Bank: Pricing information from published website as of 10/12/2019 based on 35203 zip code.

Which is Better: SunTrust Bank or Regions Bank?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing SunTrust Bank or Chase.

In short: SunTrust Bank's cd and mobile app are notable.


Articles on SunTrust Bank


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.

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