Regions Bank


Overview / Commentary
205-326-5151
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 Up To $200 Checking Bonus - 4/23/2021

Offer valid in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas. Here's how to earn up to a $200 bonus: First, earn $100 when you: 1. Open a new personal LifeGreen checking account by May 28, 2021. Get started by opening an account online with the promo code WINTER2021, or register and present your personalized email voucher when you open your account at your local branch.* 2. Maintain an average daily balance of at least $500 for the first 60 days after account opening.** Next, earn up to an additional $100. Receive $25 for each of the following done within 30 days of opening your new account***: A. Download and log in to the Regions Mobile App. B. Deposit at least one check using Regions Mobile Deposit. C. Set up Regions Direct Deposit and make $500 or more of qualifying ACH direct deposits such as payroll or government payments. D. Make 10 or more purchases with your Re

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6/15/15 - [EXPIRED] Earn $350 For Opening A Checking Account At Regions Bank
10/20/14 - Earn $165 When You Open A LifeGreen Checking Account At Regions Bank
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)

Holding My Money

Posted by: |

I had a friend help me out. He got some of his friends to donate me some money to get my teeth worked on and other things I needed.
They deposited checks. Regions thought they looked suspicious so they put a block on my account.
When I talk to them at my branch they said they thought they were fraudulent and they were protecting me and themselves in case they were bad. I was asked if I knew who deposited them. I told them the truth no I didn't and it came as a surprise to me. But I said when I called my friend they people preferred to remain anonymous. But I said thats fine hold them until you see that they are good.
Its been two months and they still have my account blocked holding my money. You would think if they were fraudulent it would have showed by now.
But they will not close out my account and send me my money. What do I do?

Leaving Regions - Like Others Due To Indefinsible Deposit Holds

When we moved to Florida some 3 years ago there was a Regions just 5 minutes from our new home - very convenient. Since then the lobby area has increasingly remained closed (not even a sign on the door) - with only drive up service available. According to the Manager, this has been due to a shortage of personnel ... FOR WEEKS OR MONTHS. This is particularly true and aggravating on Fridays - a peak banking day for many.

As others have decided and posted, we will begin our account moves out of Regions to another institution on Monday - due specifically to these indefensible deposit holds ... 10 days or more - even for CASHIER CHECKS DEPOSITED FROM MAJOR BANKS BLOCKS AWAY! Of course these holds defeat the entire purpose of getting a cashier's check to speed financial transactions along in the first place. In fact, these Regions practices make a mockery out of the entire cashier check process within the industry.

I can only wonder if sitting on deposits like this could be a sign of deeper overall corporate financial concerns ...

A few phone calls today indicated "the norm" within the financial industry locally seems to be a 24 hour hold for cashier's checks. If not outright illegal, these practices seem unethical at best. Bye bye Regions.

Going Downhill Fast

Posted by: |

I've been banking with Regions for decades, but recently, there have been changes that make it difficult to stay with them. First of all, a year or so ago, they fired almost all of their long-time employees, leaving the staff shorthanded. Then they closed on Saturdays. Last week, I lost a credit card. I called the bank, they told me I had to call an 800 number to report the loss, they couldn't handle it in the office! 800 number has a wait time of 20 minutes, and they hung up on me after about 10. That's happened 3 times this week. As a result of COVID, I tried for weeks to set up online banking with no success. I have begun the process of moving my savings to another bank.

Definitely Do Not Recommend

Posted by: |

We opened a checking account with Regions in 2015 when we finalized our mortgage with them. At the time we thought we would be changing banks. However we decided to stay with our current bank but never closed the Regions account and never signed up for online banking. We opened the account with $50 and never used the account. Today we closed the account. Of our $50, $14 was returned to us. We were told it was for low balance fees for July and August. Coincidently, we refinanced our mortgage with another bank for a lower rate in July. Up until then we were not charged any "low balance" fees. Today, I also requested the last 6 months of statements and was told I would be charged $5 per or $30 for them to either mail them to me or for me to pick them up at a branch. I will never use them again for any of my financial needs nor would I recommend them to anyone.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #12368
Year Established1928
Employees18738
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.96%
Return on Equity - YTD16.21%
Annual Interest Income$2.02B
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$154.7B$143.4B
LoansQ2 2021vs Q2 2020$83.65B$89.42B
DepositsQ2 2021vs Q2 2020$132.8B$119.8B
Equity CapitalQ2 2021vs Q2 2020$18.52B$17.78B
Loan Loss AllowanceQ2 2021vs Q2 2020$1.60B$2.28B
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$829.0MM$709.0MM
Real Estate OwnedQ2 2021vs Q2 2020$20.0MM$54.0MM
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
0.40%$10k-63 Month Promotional Relationship CD
0.40%$10k-Business 63 Month Promotional Relationship CD
0.05%$500-48-59 Month Relationship CD
0.05%$500-Business 48-59 Month Relationship CD
0.05%$500-36-47 Month Relationship CD
0.05%$500-Business 36-47 Month Relationship CD
0.05%$500-24-35 Month Relationship CD
0.05%$500-Business 24-35 Month Relationship CD
0.05%$500-60-62 Month Relationship CD
0.05%$500-64-72 Month Relationship CD
0.05%$500-Business 60-62 Month Relationship CD
0.05%$500-Business 64-72 Month Relationship CD
0.03%$500-12-17 Month Relationship CD
0.03%$500$1mBusiness 12-17 Month Relationship CD
0.03%$500-18-23 Month Relationship CD
0.03%$500-Business 18-23 Month Relationship CD
0.03%$500-6-11 Month Relationship CD
0.03%$500-Business 6-11 Month Relationship CD
0.01%$2.5k-0 Month Relationship CD
0.01%$2.5k$1mBusiness 0 Month Relationship CD
0.01%$2.5k-1-2 Month Relationship CD
0.01%$2.5k-Business 1-2 Month Relationship CD
0.01%$500-3-5 Month Relationship CD
0.01%$500-Business 3-5 Month Relationship CD

Regions Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$250-18 Month Variable IRA
0.05%$250-60-72 Month IRA
0.05%$250-48-59 Month IRA
0.05%$250-36-47 Month IRA
0.05%$250-24-35 Month IRA
0.03%$250-12-17 Month IRA
0.03%$250-18-23 Month IRA
0.03%$500-6-11 Month IRA
Locations

Availability



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