Overview / Commentary
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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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.

My Review of Regions Bank

Posted by: jaclyngray | Apr 9, 2018

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.



Health Grade Components

FDIC Certificate #12368
Year Established1928
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD10.71%
Annual Interest Income$3.18B
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$123.9B$122.5B
LoansQ3 2018vs Q3 2017$81.31B$78.70B
DepositsQ3 2018vs Q3 2017$95.13B$99.77B
Equity CapitalQ3 2018vs Q3 2017$15.47B$16.24B
Loan Loss AllowanceQ3 2018vs Q3 2017$840.1MM$1.04B
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$634.8MM$877.9MM
Real Estate OwnedQ3 2018vs Q3 2017$69.1MM$85.2MM
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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

0.01%--Lifegreen Savings
0.01%--Regions Savings
0.01%--Savings for Minors
0.01%--Business Savings

Regions Bank Money Market Rates

0.01%--Money Market Account
0.01%$50-Money Market IRA

Regions Bank CD Rates

2.60%$10k-30 - 35 Month Promotional Relationship CD
2.60%$10k-Business 30 - 35 Month Promotional Relationship CD
2.50%$10k-Business 18 - 23 Month Promotional Relationship CD
2.50%$10k-18 - 23 Month Promotional Relationship CD
2.25%$500-12 - 17 Month Relationship CD
2.25%$500$1mBusiness 12 - 17 Month 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%$250-24 - 29 Month Relationship CD
0.20%$250-Business 24 - 29 Month Relationship CD
0.05%$500-6 - 11 Month Relationship CD
0.05%$500$1mBusiness 6 - 11 Month Relationship CD
0.03%$500-1 - 5 Month Relationship CD
0.03%$500$1mBusiness 1 - 5 Month Relationship CD
0.01%$2.5k-0 Month Relationship CD
0.01%$2.5k$1mBusiness 0 Month Relationship CD

Regions Bank IRA Rates

2.74%$250-18 Month Variable Rate IRA
2.60%$4k-30 - 35 Month Promotional Relationship IRA
2.50%$4k-18 - 23 Month Promotional Relationship IRA
2.25%$250-12 - 17 Month IRA
0.60%$250-60 - 72 Month IRA
0.50%$250-48 - 59 Month IRA
0.30%$250-36 - 47 Month IRA
0.20%$250-24 - 29 Month IRA
0.05%$250-6 - 11 Month IRA


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