Regions Bank


Overview / Commentary
800-734-4667
1900 Fifth Avenue North
Birmingham, AL 35203

Regions Bank is the banking division of the Regions Financial Corporation, which is one of the largest financial service providers in the United States. The bank provides individual and commercial customers with deposit and loan products and services, as well as trust and wealth management services. Regions Bank also employs Wealth Advisors on its wealth management side to provide customers with guidance on various investment and insurance products.

On its Personal Banking side, Regions offers its customers various depository products including Checking, Savings, Money Market, and Certificate of Deposit accounts. Multiple checking accounts are available that offer simple services like direct deposit and check writing. Several checking account offerings are customized for different demographics like seniors and students, and most of the accounts have no monthly fees. As far as savings accounts, Regions offers one with a good interest rate if conditions are met, as well as an account for minors. Money Market accounts are available as well and come with a monthly fee and minimum balance requirements. Regions also offers CDs that range in term lengths starting from as short of a period as 7 days.

Regions Bank online banking is a sophisticated Internet platform on which customers can pay bills, view check images, transfer funds, and manage their rewards. The bank’s reward program offers points for purchasing activities performed using a Regions-issued Visa checkcard. Regions Bank also has a mobile smartphone app that allows customers to perform tasks like bill pay, account management, mobile deposit, and fund transfer while on the go.

Regions Bank is headquartered in Birmingham, Alabama, and is the largest bank in the state and one of the largest banks in the southeastern United States. It operates over a thousand branches across multiple states in the region. Regions Bank was originally established as the Exchange-Security Bank in 1928 before changing its name to First Alabama Bank of Birmingham in 1975. After a series of acquisitions and mergers, the bank expanded its operations to cover the majority of the Southeastern United States. In 1994, the bank changed its name to Regions in order to reflect their expanding operational presence.

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I Like This Bank

I like this back it's better over all the rest

Best B&M I've Banked With

Posted by: |

You won't get the great rates like you might at an online bank, but for what it is, I think it's the best bank out there.

Regions is great

Regions has great locations in my town and easy to use application for the phone. I rarely even need to go to the branch now that I can deposit checks on my phone. It is so simple to check my balance and transfer money by using the app as well. Regions made it very simple to add my husband to our account without him being present.

Negative Reviews

Posted by: |

ive never seen a bank or any business with so many negative reviews. i dont normally waste my time writing reviews good or bad but i am so pissed off at this bank that i have to vent. then i saw that im not alone. apparently regions bank is doing a lousy job for a large portion of past and present depositors. first complaint.....they blocked my atm card.....reason possible fraudulent use......they were protecting me.....no problem this has happened before with other banks you just call the fraud number on the atm card and tell them it was you and they take to block off......only regions fraud number is never answered. i called and stayed on hold for hours i mean at least 3 .....what if i had been on vacation out of town....i would have been in deep shit because im convinced that no matter how many hours of waiting for them to answer they never would have ....i had to go in and cancel the card and get a new one because get this the vp couldnt reach them either.......now i deposit a check from another account that i have at another out of town bank and even though i have enough in regions to cover it they put a hold on it. reason "confidential information indicates that the check may not be honored... interpretation.....they are accusing me of kiting .....basically they are calling me a crook.....a thief ......they are saying im writing them a bad check. not saying it to my face no they put it in writing.....we dont trust you so your fund wont be available for 8 days......of course my check cleared in 2 days but these idiots dont have the ability to check to see if it cleared unless you call them and tell them .....even when the 8 day hold is up they dont know it until you call and tell them......this bank is just not advanced enough to compete in this day and age and on top of that they dont care.....no one to answer the fraud line ....how long would you hold before you decide that there is no reason to put up with below average performance .there are plenty of banks around that would love your business......regions doesnt deserve it not mine any way.




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Health

Health Grade Components

Overall
FDIC Certificate #12368
Year Established1928
Employees19496
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD11%
Annual Interest Income$4.58B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$125.6B$124.7B
LoansQ4 2019vs Q4 2018$82.73B$82.62B
DepositsQ4 2019vs Q4 2018$99.84B$96.46B
Equity CapitalQ4 2019vs Q4 2018$16.42B$15.43B
Loan Loss AllowanceQ4 2019vs Q4 2018$869.0MM$839.6MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$608.0MM$585.6MM
Real Estate OwnedQ4 2019vs Q4 2018$65.0MM$62.7MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Regions Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Regions Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Lifegreen Savings
0.01%--Regions Savings
0.01%--Savings for Minors
0.01%--Business Savings
0.01%--Regions Now Savings

Regions Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Money Market Account
0.01%$50-Money Market IRA

Regions Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-60 - 72 Month Relationship CD
0.50%$500-Business 60 - 72 Month Relationship CD
0.50%$500-7 Month Promotional Relationship CD
0.50%$500-Business 7 Month Promotional Relationship CD
0.40%$500-48 - 59 Month Relationship CD
0.40%$500-Business 48 - 59 Month Relationship CD
0.30%$500-36 - 47 Month Relationship CD
0.30%$500-Business 36 - 47 Month Relationship CD
0.25%$500-24 - 35 Month Relationship CD
0.25%$500-Business 24 - 35 Month Relationship CD
0.15%$500-12 - 17 Month Relationship CD
0.15%$500$1mBusiness 12 - 17 Month Relationship CD
0.15%$500-18 - 23 Month Relationship CD
0.15%$500-Business 18 - 23 Month Relationship CD
0.10%$500-6 Month Relationship CD
0.10%$500-8 - 11 Month Relationship CD
0.10%$500-Business 8 - 11 Month Relationship CD
0.10%$500-Business 6 Month Relationship CD
0.05%$500-3 - 5 Month Relationship CD
0.05%$500-Business 3 - 5 Month Relationship CD
0.03%$2.5k-1 - 2 Month Relationship CD
0.03%$2.5k-Business 1 - 2 Month Relationship CD
0.01%$2.5k-0 Month Relationship CD
0.01%$2.5k$1mBusiness 0 Month Relationship CD

Regions Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$250-60 - 72 Month IRA
0.50%$500-7 Month Promotional IRA
0.40%$250-48 - 59 Month IRA
0.40%$250-18 Month Variable IRA
0.30%$250-36 - 47 Month IRA
0.25%$250-24 - 35 Month IRA
0.15%$250-12 - 17 Month IRA
0.15%$250-18 - 23 Month IRA
0.10%$250-6 Month IRA
0.10%$250-8 - 11 Month IRA
Locations

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