Regions Bank is advertising a checking account promotion in which you can earn $125. This is another big bank that lacks free checking so you'll have to be careful to avoid monthly fees. The offer requires a new customer open a LifeGreen Checking Account online with the promo code Online125Bonus, have at least $500 in total Direct Deposits and at least 10 Visa CheckCard transactions in the first 60 days. Offer is scheduled to end on 9/30/2012. The offer is listed in this Regions promotion page.
There's no mention of this offer on Region's home page. I found it being advertised on Google so it doesn't appear targeted. Below is a copy of the offer's small print:
$125 incentive offer is non-transferable, may not be combined with any other offer, and available only to the individual to whom this online offer was presented, who cannot already have a Regions checking account. Limit one incentive per household. To receive this incentive, by September 30, 2012 you must open a new Regions checking account and have payroll or government direct deposits of at least $500 and at least 10 Visa® CheckCard transactions in the first 60 days. After all requirements have been met, incentive will be issued within 90 days of this date and will be in the form of a credit to the new checking account, which must be open at the time the credit is issued. All deposit accounts are subject to the Regions Deposit Account Agreement. A $50 minimum opening deposit is required to open a LifeGreen Checking account. A monthly fee may apply to your checking account, depending on account type, but may be waived if certain criteria are met. For accounts opened in Iowa, this fee is subject to Iowa State Sales Tax of 6%, which will be assessed at the time the fee is charged, unless exempt.
LifeGreen Checking account has a $10 monthly fee unless the customer uses direct deposit (at least one payroll or government direct deposit per statement cycle of at least $500 or a combined amount of $1000) OR maintain a $1,500 average monthly balance. The customer's first order of Regions custom single-wallet style checks are $6.95. Refer to Regions LifeGreen Checking page for more details.
When I last checked with Regions, new customers were required to visit a branch to complete a new account application. A Regions' FAQ does state that new customers must visit a local branch to order the first set of checks.
Regions Bank branches are located in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
Regions is a large bank with over $124 billion in assets. It just recently paid back all of its TARP funds it had received during the financial crisis.
The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 16.11% (average) based on March 2012 data. Please refer to our financial overview of Regions Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 12368).
Other Bank Bonuses
We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.