2. Regions Bank

Regions Bank


Overview / Commentary
regions.com
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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Reviews (66)

Best B&M I've Banked With

Posted by: grenadia | Apr 11, 2015

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.

11

Regions is great

Posted by: shaylablair | Nov 5, 2017

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.

3

There are better choices out there

Posted by: Allen2014 | Jul 25, 2014

Regions paltry returns on savings have made me seek a different bank. The mobile app allows for check depositing, but there are fees associated with it. The app feels clumsy to use compared with many of the online only banks. There are just too many better choices than to stick with Regions.

11

Mobile Deposit Issue

Posted by: Smiley76 | May 24, 2019

I completed a standard mobile deposit of a payroll check a few days ago. I noticed the money wasnt in my account so I called regions for assistance. I was told repeatedly that my check (written on wells fargo account) could not be deposited because Wells Fargo would not verify or release the funds? I contacted payroll at work who contacted Wells Fargo. They informed me there was no problem with the check and said the funds should have been cleared to deposit into my account. They informed me they would contact Regions to assist me with getting paid. Called Regions and they again claimed that Wells Fargo still would not release the funds? I contacted my work again and they had wells Fargo call Regions 3 times to verify and clear my payroll check. I contacted regions bank again and was told the check was put on hold and would not be available for 10 to 30 days? Very frustrating and unexplainable

1
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Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12368
Year Established1928
Employees19991
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD11.18%
Annual Interest Income$1.17B
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$128.1B$121.9B
LoansQ1 2019vs Q1 2018$83.90B$79.43B
DepositsQ1 2019vs Q1 2018$98.36B$98.52B
Equity CapitalQ1 2019vs Q1 2018$15.90B$16.15B
Loan Loss AllowanceQ1 2019vs Q1 2018$853.0MM$840.3MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$620.0MM$706.1MM
Real Estate OwnedQ1 2019vs Q1 2018$67.0MM$78.3MM
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

Regions Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*†$250k*-Premium Money Market Special - New Money
OTHER TIERS: 0.01% → Up to $10k | 1.01% → $10k - $50k | 1.25% → $50k - $100k | 1.50% → $100k - $250k
0.01%†--Money Market Account
0.01%†$50-Money Market IRA

Regions Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%†$10k-19 Month Promotional Relationship CD
2.05%†$10k-Business 19 Month Promotional Relationship CD
2.00%†$10k-13 Month Promotional Relationship CD
2.00%†$10k-Business 13 Month Promotional Relationship CD
1.25%†$10k-9 Month Promotional Relationship CD
1.25%†$10k-Business 9 Month Promotional Relationship CD
0.50%†$500-60 - 72 Month Relationship CD
0.50%†$500-Business 60 - 72 Month Relationship CD
0.40%†$500-48 - 59 Month Relationship CD
0.40%†$500-Business 48 - 59 Month Relationship CD
0.30%†$250-36 - 47 Month Relationship CD
0.30%†$250-Business 36 - 47 Month Relationship CD
0.25%†$2.5k-24 - 35 Month Relationship CD
0.25%†$2.5k-Business 24 - 35 Month Relationship CD
0.15%†$2.5k-12 Month Relationship CD
0.15%†$2.5k-Business 12 Month Relationship CD
0.15%†$2.5k-14 - 18 Month Relationship CD
0.15%†$2.5k-Business 14 - 18 Month Relationship CD
0.15%†$2.5k-20 - 23 Month Relationship CD
0.15%†$2.5k-Business 20 - 23 Month Relationship CD
0.10%†$2.5k-6 - 8 Month Relationship CD
0.10%†$2.5k-Business 6 - 8 Month Relationship CD
0.10%†$2.5k-10 - 11 Month Relationship CD
0.10%†$2.5k-Business 10 - 11 Month Relationship CD
0.05%†$2.5k-3 - 5 Month Relationship CD
0.05%†$2.5k-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
2.05%†$4k-19 Month Promotional IRA
2.00%†$4k-13 Month Promotional IRA
1.25%†$4k-9 Month Promotional IRA
0.50%†$250-60 - 72 Month IRA
0.40%†$250-48 - 59 Month IRA
0.30%†$250-36 - 47 Month IRA
0.25%†$250-24 - 37 Month IRA
0.15%†$250-12 Month IRA
0.15%†$250-14 - 18 Month IRA
0.15%†$250-20 - 23 Month IRA
0.10%†$250-6 - 8 Month IRA
0.10%†$250-10 - 11 Month IRA
Locations

Availability

Charleston Area

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.