Regions Bank is a regional institution that offers a few features many other banks dont, such as an annual 1% savings account bonus and a checking account rewards program. . Member FDIC. Regions Bank also has an extensive branch network of approximately 1,300 branches for in-person assistance. It's at +100 if everybody recommends the provider, and at -100 when no one recommends. Her work has been featured in. Appointment Scheduler is provided by TimeTrade Systems. The banks website is easy to navigate for finding fees or comparing accounts, but interest rates arent listed clearly. 2023 Regions Bank. Low interest rates on basic savings and CD accounts. While Regions offers a wide variety of products and accounts, it doesnt have competitive rates for all the products it offers. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. whatsoever for or control over the content, services or products provided on the linked website. Interest rates are variable and subject to change at any time. $0 fees with eligible direct deposit. Designed for businesses with moderate transaction activity, the Gold business checking package offers greater transaction flexibility and more ways to save so you can better manage your businesss cash flow. Qualifying first-lien home mortgage loans must be serviced by Regions, must not be past due or in default and do not include home equity loans or home equity lines of credit, or construction, manufactured housing and business loans. The other perks remain the same, except you can snag better rates on a Platinum Relationship Money Market account and a 50% discount on a safe deposit box. Regions only allows three savings withdrawals per statement period; beyond that, youll have to pay $3 per additional withdrawal or outbound transfer. $0 with an average monthly balance of $5,0001, Interest-earning checking and Preferred Banking Program membership, No Regions ATM fee2 on two ATM transactions at non-Regions ATMs per statement period, No monthly fee on a Premium Money Market account as long as your LifeGreen Preferred Checking account remains open. For starters, youre only allowed to write three free checks. All bank accounts require a minimum deposit of some amount, depending on the account. Plus, you can link your Regions Money Market Account with your Regions Checking account to provide Overdraft Protection. The eAccess Account is for people who primarily bank online. You must be at least 18 years of age to use Regions Bill Pay or Zelle. NerdWallets overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Filter & compare all your options in one place. There was an unknown error. Regions Bank Review: Account Pros and Cons - CreditDonkey ","anchorName":"#what-banking-products-does-regions-bank-offer"},{"label":"How does Regions Bank compare to other banks and services? Your Equity Bank debit card blocks all fees at any ATM, and no foreign fees. Regions Bank Preferred Checking is offered by Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by The Now Savings account requires a Regions Now Card and a minimum $10 balance, but no monthly fee. Enrollment in Online Banking with Bill Pay requires eligible Regions accounts. privacy disclosures at the linked website for further information. You will, however, have to own a Regions checking account to open a LifeGreen Savings account and meet a minimum opening deposit requirement. New York, NY, 10016. $11 monthly fee for the LifeGreen Checking if deposit requirements are not met. privacy disclosures at the linked website for further information. All Rights Reserved. The site that you are entering is operated or controlled by a third party that is Standard bulk delivery is included in the price. Regions, the Regions logo, the LifeGreen color, and the With its wide variety of account options, you can tailor what Regions offers to your specific needs. (The account has a standard $8 monthly charge $11 if you opt for paper statements but it can be avoided with a minimum average monthly balance or direct deposit.) Fees may apply to certain products or services available through Online Banking. High overdraft fee. The account doesnt earn interest. As its name suggests, this checking account takes a more technological approach to the checking account. Refund is limited to the Paid Overdraft Item fees charged to your account with respect to one days processing. About 1,300 branches and over 1,900 ATMs in the South and Midwest. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Subject to the terms and conditions detailed in the Guide to Benefits. An automatic transfer of funds of at least $10 from your Regions checking account to your LifeGreen Savings account in at least 10 of any of the 12 calendar months that precede the month of your account opening anniversary (your Account Anniversary Month) is required to earn a 1% annual savings bonus. Compare Regions Bank Savings & Checking accounts | finder.com LifeGreen Preferred Checking is an interest-earning checking account that includes a Preferred Banking membership. Open an individual or joint account in minutes. What KInd Of Credit Do You Need For An Auto Loan? Maintain a $2,000 minimum balance and well waive the $10 monthly fee. No matter how you apply for an account, youll need to provide personal and banking information. LifeGreen Simple Checking. Compare Checking Accounts | Regions Bank Regions Banks charges a hefty $36 for transactions that cause a negative balance in your checking account. With LifeGreen Preferred Checking, you have access to a Visa 16 debit card so you can safely make purchases, withdraw funds and manage your money with confidence. Rates are low across the board for standard terms. Your dedicated banker will work with you every step of the way to create personalized solutions so you can reach your financial goals. Regions Bank also has an extensive branch network of approximately 1,300 branches for in-person assistance. You can still find much of the information youll need to know for these accounts online. When accessing your money online, youll log in with your online banking info. Solid app ratings, slight website navigation issues. Fees may apply to certain products or services available through Online Banking. How to Find a Money Transfer Service Near Me? Waive overdraft fees by depositing money before the forgiveness deadline. The average balance shown on the account statement is not used for purposes of the monthly fee waiver. Regions Cash Rewards Visa Signature Credit Card, Regions Premium Visa Signature Credit Card, Regions Prestige Visa Signature Credit Card, Regions Bank Premium Money Market Account. Regions Bank offers a wide variety of bank accounts from a simple savings account to a Promotional CD with competitive interest rates. Earn 4.5% APY on savings balances. Besides writing about personal finance, she writes about real estate, interior design and architecture. SoFi Overview SoFi is an online-only "neobank" with over four million members. Routing and account number of external bank account. The interest rate that applies at the opening will apply for the terms entirety. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates Open Skies magazine and more. The rate on the Regions LifeGreen Savings account is low compared with online banks'. The Annual Percentage Yield (APY) for the LifeGreen Savings account and the LifeGreen Preferred Checking (other Regions checking accounts do not pay interest) account is based upon balance and may change at any time. Fees could reduce earnings on the account. Wide range of CD terms. The bank has promotional CDs with higher yields, but they require $10,000 to open. Branches are available throughout the South, Midwest and Texas. Unfortunately, Regions Bank offers some of the lowest interest rates when it comes to its bank accounts. Not Insured by any federal government agency. Here is a list of our partners. You can reach Regions Bank customer service at 800-734-4667 or visit one of the 1,500 branch locations throughout the South, Midwest and Texas. Fee for more than three withdrawals from a savings account per month. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. This compensation may impact how and where products appear on this site What Are The Different Types of Life Insurance? The maximum annual percentage yield for this account is only 0.01%. SoFi members with direct deposit can earn up to 4.20% annual percentage yield (APY) on savings balances (including Vaults) and 1.20% APY on checking balances. Charges a monthly fee. Again, this account can be opened as either a Roth or a traditional IRA. Account must be opened for minimum of 120 days. Best for: Consumers in the South and Midwest who prioritize rewards checking and savings over high interest rates and dont make many withdrawals from savings. All products/services are subject to terms and conditions and may be subject to qualification requirements, credit approval, fees and change. Social Security: No Matter Your Age, Do Not Claim Benefits With the Biden administration's student loan forgiveness plan running into a wall of legal challenges -- Supreme Court hearings have begun concerning the legality of the plan -- many borrowers might GOBankingRates Best Banks 2023 scores and rankings are objectively determined by our We will notify you before the fee is reinstated. Please note Regions determines the free checks based on when they are presented for payment not when they are written. All products, logos, and company names are trademarks or registered trademarks of their respective holders. This snags Relationship Pricing rates which usually end up a little higher than standard rates. Regions Bank Preferred Checking Reviews (2023) | SuperMoney This guide provides step-by-step instructions on how to buy DRAC (Ordinals), lists some exchanges where you can get it and provides daily price data on DRAC. Your mobile carriers messaging and data fees may apply. Our information is based on independent research and may differ from what you see from a financial institution or service provider. The Preferred Checking Account gives you the option to earn interest. Low rate but theres an annual bonus of up to $100. That could help with automatic transfers and overdraft protection. In order to waive the monthly fees, you'll need at least $5,000 monthly in your Preferred Checking account. may affect your credit. FDIC insured. If you live in these areas and are able to open a Regions account, you may be disappointed by the low interest rates. Live chat is available via secured messaging 24/7 for online banking customers, as well as Twitter support. Regions Bank 2020-2021 Review | Everything You Need to Know To enroll in Online Banking for personal accounts, you must have either a Social Security or Tax Identification Number or use alternative enrollment procedures available by visiting a branch. ), Customize how and when your card is used with, Are Not a Condition of Any Banking Activity, Are Not Insured by Any Federal Government Entity, Are Not Insured by Any Federal Government Agency. If you dont think you can consistently meet those requirements, youll want to open a LifeGreen Simple Checking account. Access 24/7 support and get daily balance and transaction alerts. We will charge you no more than three (3) Paid Overdraft Item fees per day. Please note that your account statement only shows ending posted balances and an average balance reflected by those ending posted balances. lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and Youll also have the option to participate in the Relationship Rewards and the Cashback Rewards programs with your Regions Visa CheckCard. See if you qualify for student loan refinancing and compare real time offers. Price varies by style. John Csiszar contributed to the reporting for this article. We may receive payment from our affiliates for featured placement of their products or services. To find out the Standard Pricing rates in your area, youll need to contact a customer service representative at the bank. Do Private Student Loans Have a Statute of Limitations? Only customers who have opted in to Standard Overdraft Coverage will be charged Paid Overdraft fees for ATM and everyday CheckCard transactions. For more details on the CFPB action, scroll down to the banking experience section. Today, the company is still headquartered in Alabama, with its thousands of branches and ATMs spread out through 15 Southern and Midwestern states. The LifeGreen Preferred Checking Account is the more elite checking account at Regions Bank. One of Regions Banks primary strengths is the wide variety of account options available. The agency found that Regions Bank charged customers overdraft fees in accounts that had sufficient funds to pay for debit card purchases or ATM withdrawals. The privacy policies and security at the linked website may differ from Regions privacy and security policies and procedures. A Regions Promotional CD offers just that: promotional rates that are only available for a limited time. Regions Bank Review 2022: Account Options for Every Need Regions Bank has a broader product array than whats available at Wells Fargo. CDs pay somewhat better, going up to , but they also require a longer commitment. Appointment Scheduler is provided by TimeTrade Systems. As for extra perks, youll still receive a discount for a safe deposit box and qualifying installment loans, better rates for a LifeGreen Savings Account and CDs and overdraft protection. represent all financial services companies or products. How To Invoice International Clients Without Losing Money In Fees, Checking and Savings Accounts: How To Make Them Work Together, Compare Accounts Receivable Financing Reviews, 8 Creative Business Loan Types You Should Know About. This information may be different than what you see when you visit a financial institution, service provider or specific products site. FDIC insured. A supercharged account with tons of extras! Do not sell or share my personal information. When evaluating offers, please review the financial institutions Terms and Conditions. Contact your local branch or call 1-800-REGIONS (734-4667) for your fee refund. Its iOS and Android apps have above-average ratings. Standard Overdraft Coverage elections can be made at most Regions ATMs, at your local Regions branch, by calling us at 1-800-947-BANK (2265), or through Regions Online Banking. You must have a valid Social Security Number or Tax Identification Number in order to enroll in Regions Online Banking. What do I need to open an account at Regions Bank? Regions Lifegreen Preferred checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). FDIC insured. The Promotional CDs earn at much higher rates for similar term lengths. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. How likely would you be to recommend finder to a friend or colleague? All rights reserved. Save money on prescriptions, eye exams, frames, lenses, and hearing services. Youll have to check with the bank to determine whether the promotional rates are available at the time you want to open an account. Pay $0 in monthly fees, no overdraft fees and get ATM fee reimbursements. privacy and security policies and procedures. This requirement equals either $50 if you open online or $5 if you open the account at a branch and set up an automatic recurring monthly transfer from your Regions checking account. Standard bulk delivery is included in the price. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. You earn cash back when you make certain purchases at participating retailers with the bank debit card. Maintain a monthly balance of $1,500 or more. Regions Bank Review | SmartAsset.com Safe deposit boxes subject to availability, and discount applies to one box per account. The annual savings bonus will be paid to your LifeGreen Savings account by the second business day of the month following your Account Anniversary Month. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. This account also offers the opportunity to earn a 1% annual savings bonus up to $100. ","anchorName":"#how-does-regions-bank-compare-to-other-banks-and-services"},{"label":"Compare Regions Bank to the competition","anchorName":"#compare-regions-bank-to-the-competition"},{"label":"Regions Bank's customer service","anchorName":"#regions-bank-s-customer-service"},{"label":"Bottom line","anchorName":"#bottom-line"},{"label":"Frequently asked questions","anchorName":"#frequently-asked-questions"}]}. These states are Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas. The Regions Savings accounts $5 monthly fee is waivable with a $300 minimum balance. Customer service is available live during extended daytime hours. Once you choose the account you'd like to open, you'll be brought to the page shown in the image here to fill out your information. Their use does not signify or suggest the endorsement, It offers a fee-free checking account to help students get more acquainted with checking accounts and responsible money habits. These programs allow you to earn cash and points rewards through your everyday spending. You are responsible for any tax due on any amount received under this offer. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). Its important to remember that checks are included in the outgoing transaction limit implemented with savings accounts. You should consult You'll need $50 to open a LifeGreen Checking account. Mostly low rates. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Would you recommend Regions Bank Preferred Checking to your friends? We may receive compensation from our partners for placement of their products or services. But youll need to live within its branch network to apply. This includes the savings accounts, Regions Money Market account and checking accounts. The CFPB has ordered Regions Bank to pay a $50 million fine to the agency and at least $141 million to customers affected by illegal overdraft practices that occurred from 2018 to 2021. strongly recommended Regions Bank certainly does not have a shortage of bank accounts. Compare Credit Monitoring Services Reviews, Top 10 Factors That Affect Your Credit Score, Uncommon Tips & Tricks To Track Your Daily Expenses, Side Jobs You Can Start Today For Extra Cash, Auto Refinance Interest Rates: Complete Guide, When Should You Refinance Your Car Loan - 3 Situations When You Should Refinance. (The account has a standard $8 monthly charge $11 if you opt for paper statements but it can be avoided with a minimum average monthly balance or direct deposit.) Otherwise, the accounts offer the same perks and benefits. Regions Bank Preferred Checking is offered by Regions Bank, Chase Total Checking is easy to use and gives you access to 16,000 ATMs and more than 4,700 branches. This means at a physical branch if you live near one, over the phone, online or on the banks mobile app. Ratings are rounded to the nearest half-star. In order to open a LifeGreen Checking Account for Students, you will need to be aged 25 or younger. Regions does NOT provide Standard Overdraft Coverage on the Now Checking account. information. There is no minimum direct deposit amount required to qualify for the 4.20% APY for savings. The ending balance for any day is the opening balance for the next day. You cant open every Regions bank account online. Interest-Bearing Checking Account | LifeGreen Preferred - Regions You can also link this IRA to a checking or savings account and set up automatic and recurring deposits. Regions offers a one-time refund of Paid Overdraft Item fees. Otherwise $5 monthly fee. The banks branches and account offerings are limited to 15 Southern and Midwestern states, however. Even the more preferred savings account, LifeGreen Savings, offers the lowest interest rate. The Simple Checking Account includes a low, flat monthly fee of $5-$8 that cannot be waived. 2022 CFPB settlement. This is in order to fund your new account. We mean it. The annual savings bonus is based on the average monthly balance for the 12 calendar months that precede your Account Anniversary Month. FDIC insured. Optional, only if you want us to follow up with you. The account doesnt earn interest. Pros Rewards programs available for checking and savings accounts. 9 Ways To Avoid Regions Bank Monthly Maintenance Fees Is Refinancing Your Student Loan Worth It? The LifeGreen Checking Account charges a slightly higher fee than the LifeGreen Simple Checking account, regardless of statement delivery type. This guide provides step-by-step instructions on how to buy ZBIT (Ordinals), lists some exchanges where you can get it and provides daily price data on ZBIT. Finder.com LLC. Subject to the terms and conditions detailed in the Guide to Benefits. Regions Bank is best for anyone in search of a bank with branches, simply to take advantage of the personal counter service. The bank has promotional CDs with higher yields, but they require $10,000 to open. Free overdraft transfers. To qualify for a LifeGreen Savings Account, you must have a Regions checking account. OR. Mobile Banking, Alerts, Notifications, Text Banking and Mobile Deposit require a compatible device and enrollment in Online Banking. Again, having a Regions checking account can qualify you for Relationship Pricing rates. However, you can waive the LifeGreen Checking Account fee by meeting balance or direct deposit requirements. Youll need to provide personal and account information any time you want to access your money. SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. However, account holders receive a 1% annual savings bonus of up to $100 per year with LifeGreen and Now Savings. Account is free if you have a certain sum or direct deposits. You can do so for its savings (except Savings for Minors), Regions Money Market and checking accounts. Please try again later. An automatic transfer of funds of at least $10 from your Regions personal checking account to your LifeGreen Savings account in at least 10 of any of the 12 calendar months that precede the month of your account opening anniversary (your "Account Anniversary Month") is required to earn a 1% annual savings bonus. Our paid overdraft item fee is $36 and is subject to change. You can also participate in the Relationship Rewards and Cashback Rewards programs and waive ATM fees with your Military ID. affiliation, or sponsorship, of or by SuperMoney or them of us. Once enrolled, log in and select the Online Statements link in the top navigation under Accounts in order to activate Online Statements. convenience. Our opinions are our own. $50 Minimum opening deposit. Youre about to leave Regions to use an external site. only be used to service this appointment. How does Regions Bank compare to other banks and services? In addition, interest rates aren't as competitive as other financial institutions. Regions Savings for Minors review June 2023 | finder.com There is no fee to access Online Banking, but fees may apply to certain products and services offered through Online Banking. This means that if you dont take any action to withdraw or transfer that money, the account will renew for the same term length at the market rate at the time of renewal. Regions Bank Preferred Checking is available in This guide provides step-by-step instructions on how to buy VMPX, lists some exchanges where you can get it and provides daily price data on VMPX. The bank also offers the opportunity to participate in a couple rewards programs, Relationship Rewards and the Cashback Rewards programs, when you have a checking account. Regions Bank offers standard CDs with terms ranging from seven days to 72 months. Regions Bank offers six checking account options, each designed to serve a specific need. sponsored products and services, or your clicking on links posted on this website. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Spend, save, borrow, invest and protect your money with Equity Bank. Bank fees tend to be quite high. The website even has an Insights section to provide customers with tools and tips for money management. Once you have a CD, you can be assured that it is eligible for automatic renewal. If you do open an account with Regions, youll have access to online and mobile Banking as well as over 1,500 branches and just under 2,000 ATMs. This includes a 50% discount on a safe deposit box, better rates on a LifeGreen Savings Account and CDs, discounts on qualifying installment loans and the option to participate in the Relationship Rewards and Cashback Rewards programs.
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