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  2. Regions Bank

Regions Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.01%CheckingLifegreen Preferred Checking
0.14% - National Average
0.01%SavingsRegions Savings
1.20% - Ally Bank Online Savings AccountAdvertisement
0.01%Money MarketMoney Market Account
0.90% - Ally Bank Money Market AccountAdvertisement
View all Regions Bank rates »

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.

Related Posts

Regions Bank Has $200 LifeGreen Checking Bonus - 8/21/2017

Now through 9/30/17, Regions Bank is offering a $200 LifeGreen Checking bonus. Available in AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, and TX.

$400 Checking Bonus Available At Regions Bank - 1/18/2017

$400 LifeGreen checking account bonus available at Regions Bank, both online and in-branch in AL, AR, FL, GA, IL, IN, IA, KY, LA, MI, MO, NC, SC, TN, and TX.

Regions Bank Offers $300 LifeGreen Checking Bonus - 1/10/2017

Regions Bank is offering a $300 LifeGreen checking account bonus. Available online and in-branch in AL, AR, FL, GA, IL, IN, IA, KY, LA, MI, MO, NC, SC, TN, and TX.

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Reviews (57)

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.

7

Great place

Posted by: constancebean2 | Mar 6, 2017

I recently opened an account with Regions bank and the employees helped me a great deal when deciding which account I wanted to open. I went with checking and savings account, I'm very happy with this bank. When I first walked in I was welcomed with a smile and complimentary coffee, I was greeted warmly and was directed over to someone that could help me set up an account. I was informed the whole way through the meeting about interest rates, low balances etc. I'm thrilled to say Regions is my number one bank. I will never go back to my old bank as it was not an appropriate fit for me but i will highly recommend this bank to all my friends and family members.

1

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.

8

nice easy breezy banking

Posted by: cmartz679 | Nov 23, 2016

I always have positive experiences when I have to go to the bank, if I have ever needed anything they have never let me down. The staff there are always super kind to us. I've had a few instances with fraudulent charges but they resolved the matter right away. I am a very happy customer.

2
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Health
A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12368
Year Established1928
Employees21350
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD8.24%
Annual Interest Income$1.90B
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$123.7B$125.3B
LoansQ2 2017vs Q2 2016$79.66B$81.10B
DepositsQ2 2017vs Q2 2016$99.26B$99.38B
Equity CapitalQ2 2017vs Q2 2016$16.41B$16.71B
Loan Loss AllowanceQ2 2017vs Q2 2016$1.04B$1.15B
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$944.6MM$1.21B
Real Estate OwnedQ2 2017vs Q2 2016$93.5MM$102.7MM
Rates
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* 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

Regions Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*†$100k*-Platinum Relationship Money Market
OTHER TIERS: 0.01% → Up to $5k | 0.03% → $5k - $20k | 0.05% → $20k - $100k
0.01%†--Money Market Account
0.01%†$50-Money Market IRA

Regions Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%†--Lifegreen Preferred Checking
0.01%†--Business Interest Checking

Regions Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%†$10k-70 Month Relationship CD - Promotional
2.00%†$10k-Business 70 Month Relationship CD - Promotional
1.25%†$10k-48 Month Promotional Relationship CD
1.25%†$10k-Business 48 Month Promotional Relationship CD
1.01%†$10k-28 Month Promotional Relationship CD
1.01%†$10k-Business 28 Month Promotional Relationship CD
0.60%†$500-60 - 69 Month Relationship CD
0.60%†$500-Business 60 - 69 Month Relationship CD
0.60%†$500-71 - 72 Month Relationship CD
0.60%†$500-Business 71 - 72 Month Relationship CD
0.50%†$500-49 - 59 Month Relationship CD
0.50%†$500-Business 49 - 59 Month Relationship CD
0.30%†$500-36- 47 Month Relationship CD
0.30%†$500-Business 36- 47 Month Relationship CD
0.20%†$500-24 - 27 Month Relationship CD
0.20%†$500-29- 35 Month Relationship CD
0.20%†$500-Business 24-27 Month Relationship CD
0.20%†$500-Business 29- 35 Month Relationship CD
0.10%†$500-12 - 17 Month Relationship CD
0.10%†$500-18 - 23 Month Relationship CD
0.10%†$500-Business 12 - 17 Month Relationship CD
0.10%†$500-Business 18 - 23 Month Relationship CD
0.05%†$500-6 - 11 Month Relationship CD
0.05%†$500-Business 6 - 11 Month Relationship CD
0.03%†$500-1 - 5 Month Relationship CD
0.03%†$500-Business 1 - 5 Month Relationship CD
0.01%†$2,500-0 Month Relationship CD
0.01%†$2,500-Business 0 Month Relationship CD

Regions Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%†$250-18 Month Variable Rate IRA
1.25%†$4k-48 Month Promotional IRA
1.01%†$4k-28 Month Promotional IRA
0.60%†$250-60 - 72 Month IRA
0.50%†$250-49 - 59 Month IRA
0.30%†$250-36- 47 Month IRA
0.20%†$250-24- 27 Month IRA
0.20%†$250-29-35 Month IRA
0.10%†$250-12 - 17 Month IRA
0.10%†$250-18 - 23 Month IRA
0.05%†$250-6 - 11 Month IRA
Locations

Availability