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.
Related Posts
1/18 - $400 Checking Bonus Available At Regions Bank
1/10 - Regions Bank Offers $300 LifeGreen Checking Bonus
2/24 - Regions Bank Offers Targeted $200 LifeGreen Checking Bonus
7/7/14 - Competitive 70-Month Promotional CD at Regions Bank
1/19/14 - Regions Bank Exits Payday Loan Business
4/17/13 - No Hackers To Blame For Regions’ Website Outage
3/22/13 - Another Regions Bank's $125 Checking Account Bonus - Available in Several States
7/31/12 - Regions Bank's $125 Checking Account Bonus in Several States
4/4/12 - Treasury: Regions Financial Repays TARP Funds
8/29/11 - Regions CD Owners Take Note
1/9/11 - Regions Bank CD Special Relationship Rates On 1/9/2011
12/7/10 - Regions Bank CD Special Relationship Rates
1/9/10 - 2.00% 12-Month CD, 2.50% 23-Month CD & 3.25% 42-Month CD at Regions Bank in Several States
12/16/09 - 2.00% 15-Month CD & 2.50% 23-Month CD at Regions Bank in Several States - Local Only
10/24/09 - 3.25% 42-Month CD at Regions Bank in Several States
9/20/09 - 3.25% 42-Month CD & 2.50% 23-Month CD at Regions Bank in Several States
4/21/09 - 3.25% 39-Month CD and Other Competitive CD Rates at Regions Bank
11/10/08 - Update on Regions CD and Money Market Account Promotions
10/9/08 - 4.00% Money Market Promotion and Update on CDs at Regions
10/3/08 - 5.00% 30-Month CD at Regions Bank
8/29/08 - 5.00% 6-Month CD at a Georgia Bank (Integrity Bank).
8/29/08 - 5.00% Reward Checking Account at a Georgia Bank (Integrity).
8/29/08 - 4.25% 10-Month CD at a Georgia Bank (Integrity).
8/5/08 - 4.00% 7-Month / 4.75% 30-Month CD at Regions Bank (Rates May Vary By State)
Best B&M I've Banked With
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.
My Review of Regions Bank
I am a customer of Regions Bank. I have one of their Life-Green checking account for students which does not have an annual fee until I reached the age of 25. After that my account will be upgraded to a standard account with a monthly fee of $7. First, in getting this account, it was $50 to open it which is higher than other banks that usually require an opening deposit of $25. Besides this my experience with Regions bank has actually been pleasant. But what I do consider to be a downfall of Regions is having other fees that are higher than other banks and that can accumulate easily. For example, an overdraft fee of $35 is applied to each item/transaction that allowed the account to be overdrawn. The out of network atm fee is $3.00 and for their Regions now card it was $4 to reload it. I had never heard of a bank charging its own customers to load funds. No other bank does this if the card originates with them. I wasn't careful I could easily rack up an outrageous amount of fees without knowing it. However, if I ever had an issue, I always got connected to an account specialist withing 5-10 minutes. Overall, I think I think Regions bank offers good service, I just believe that there are other banks that offer the same services, like Wells Fargo, for lower fees which is why it is highly likely that I will be switching banks.
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.
Check Card, Regions "Will Not Protect Your Money" Because Its Your Money
I was scammed by an overseas vender. Regions representative said, because it's a check card and not a bank credit card, "it's my money and not theirs"" and need to dispute the charge. It would take up to two weeks. I filed a dispute and the charge was removed. Now a week later, the charge returned. Regions does not monitor "your money". Don't waste your time or money with Regions. They only care when they make money on you.
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12368 |
| Year Established | 1928 |
| Employees | 19806 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.39% |
| Return on Equity - YTD | 10.71% |
| Annual Interest Income | $3.18B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $123.9B$122.5B |
| Loans | Q3 2018vs Q3 2017 | $81.31B$78.70B |
| Deposits | Q3 2018vs Q3 2017 | $95.13B$99.77B |
| Equity Capital | Q3 2018vs Q3 2017 | $15.47B$16.24B |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $840.1MM$1.04B |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $634.8MM$877.9MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $69.1MM$85.2MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01%† | - | - | Lifegreen Savings | |
| 0.01%† | - | - | Regions Savings | |
| 0.01%† | - | - | Savings for Minors | |
| 0.01%† | - | - | Business Savings |
Regions Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01%† | - | - | Money Market Account | |
| 0.01%† | $50 | - | Money Market IRA |
Regions Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.15%† | $10k | - | 12 - 15 Month Promotional Relationship CD | |
| 2.15%† | $10k | - | Business 12 - 15 Month Promotional Relationship CD | |
| 0.60%† | $500 | - | 60 - 72 Month Relationship CD | |
| 0.60%† | $500 | - | Business 60 - 72 Month Relationship CD | |
| 0.50%† | $500 | - | 48 - 59 Month Relationship CD | |
| 0.50%† | $500 | - | Business 48 - 59 Month Relationship CD | |
| 0.30%† | $250 | - | 36 - 47 Month Relationship CD | |
| 0.30%† | $250 | - | Business 36 - 47 Month Relationship CD | |
| 0.20%† | $500 | - | Business 30 - 35 Month Relationship CD | |
| 0.20%† | $500 | - | 30 - 35 Month Relationship CD | |
| 0.20%† | $250 | - | 24 - 29 Month Relationship CD | |
| 0.20%† | $250 | - | Business 24 - 29 Month Relationship CD | |
| 0.10%† | $250 | - | 16 - 17 Month Relationship CD | |
| 0.10%† | $250 | - | Business 16 - 17 Month Relationship CD | |
| 0.10%† | $250 | - | Business 18 - 23 Month Relationship CD | |
| 0.10%† | $250 | - | 18 - 23 Month Relationship CD | |
| 0.05%† | $500 | - | 6 - 11 Month Relationship CD | |
| 0.05%† | $500 | $1m | Business 6 - 11 Month Relationship CD | |
| 0.03%† | $500 | - | 1 - 5 Month Relationship CD | |
| 0.03%† | $500 | $1m | Business 1 - 5 Month Relationship CD | |
| 0.01%† | $2.5k | - | 0 Month Relationship CD | |
| 0.01%† | $2.5k | $1m | Business 0 Month Relationship CD |
Regions Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.79%† | $250 | - | 18 Month Variable Rate IRA | |
| 2.70%† | $4k | - | 36 Month Promotional Relationship IRA | |
| 2.50%† | $4k | - | 24 Month Promotional Relationship IRA | |
| 2.15%† | $10k | - | 12 - 15 Month Promotional Relationship IRA | |
| 0.60%† | $250 | - | 60 - 72 Month IRA | |
| 0.50%† | $250 | - | 48 - 59 Month IRA | |
| 0.30%† | $250 | - | 37 - 47 Month IRA | |
| 0.20%† | $250 | - | 30 - 35 Month IRA | |
| 0.20%† | $250 | - | 25-29 Month IRA | |
| 0.10%† | $250 | - | 16 - 17 Month IRA | |
| 0.10%† | $250 | - | 18 - 23 Month IRA | |
| 0.05%† | $250 | - | 6 - 11 Month IRA |
