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Compare Regions Bank products: Savings, Checking, and CDs

Account options are plentiful but only residents inside the branch network can apply.

Regions Bank
From interest-bearing checking to business CDs, Regions Bank offers a broad selection of accounts with online and mobile-friendly banking options. But you’ll need to live within its branch network to apply.

What banking products does Regions Bank offer?

How does Regions Bank compare to other banks and services?

Regions Bank is one of the nation’s largest full-service providers headquartered in Birmingham, Alabama. It offers commercial and consumer banking products, wealth management services, trusts, brokerage services and mortgages. The bank serves customers across the South, Midwest and Texas and has about 1,500 branches and 1,900 ATMs.

Checking accounts

Pros

  • Rewards programs. Earn cashback rewards for using your Regions Bank debit card at select retailers. Plus, earn relationship rewards when you open more than one Regions Bank account or sign up for online banking.
  • Regions LockIt. Should you misplace your Regions Bank card, you can block transactions right from the Regions Bank mobile app.
  • Specialized accounts. Regions Bank has a range of accounts, including interest-bearing options and those for students, seniors over age 62 and business owners.

Cons

  • $50 opening deposit. You’ll need at least $50 to open most accounts — whereas other banks let you get started with as little as $0.
  • Monthly fees. Aside from Student Checking, every account has a monthly fee ranging from $5 to $18. But you can avoid most feesmost fees can be waived when you meet certain direct deposit or minimum balance requirements.
  • Expensive ATM fees. Expect to pay $3 each time you use a domestic non-network ATM and $5 each time you use an international ATM. This doesn’t include potential ATM operator fees you may pay.

Savings accounts

Pros

  • Promotional rates. The Regions LifeGreen Savings account comes with a 1% annual savings bonus, which you earn when you set up monthly automated savings transfers from a Regions checking account.
  • No monthly fees. Most personal savings accounts don’t have monthly fees, so you can save even more money each month.
  • Accountholder perks. Regions Bank savings account holders get a 30% to 50% discount on safe deposit boxes.

Cons

  • Tiered rates. Most interest rates with this provider are tiered and vary by state, which means you’ll need to talk to a representative to find out what you qualify for.
  • Minimum opening deposit. You’ll need at least $50 to open a personal savings account, $100 to open a personal money market or business savings account and $1,000 to open a business money market account.
  • Excessive transaction fee. If you make more than six outgoing transactions a month, expect to pay a $3 fee if you have a savings account or $15 if you have a money market account.

CDs

Pros

  • Promotional rates. Earn a higher relationship APY when you link your Regions Bank checking account to your CD.
  • Wide term ranges. Regions Bank offers CD terms ranging from one week to six years, making it easy to find a term that’s right for you.
  • Interest disbursements. Have your CD earnings automatically transferred to another Regions account at any time without penalty.

Cons

  • Varying deposit requirements. Regions Bank requires a $2,500 minimum deposit for CDs with terms less than 90 days and $500 for CDs with terms of 90 days or more.
  • Unclear interest rates. Interest rates vary by state, so you’ll need to contact a representative to find out how much you can expect to earn on a CD.
  • Can’t open online. You can only open Regions Bank CDs at a local branch. You can’t complete the application process online.

Overall banking

Pros

  • Impressive account suite. Regions Bank offers a comprehensive selection of both personal and business banking products.
  • Convenient customer service. Reach out to a Regions Bank representative by phone, email, Twitter, Facebook or in person at a local branch.

Cons

  • Limited availability. Regions Bank‘s products are limited to residents in 16 states: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.
  • Limited ATM network. Straying outside Regions 1,900 ATM network could result in ATM fees.

    Compare Regions Bank to the competition

    Name Product Minimum deposit to open ATMs Out-of-network ATM fee
    BBVA Online Checking
    $25
    No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
    $3
    A full-service account with convenient, surcharge-free access to two massive ATM networks, plus a $200 signup bonus when you meet deposit requirements
    Citibank® Account Package
    Citibank® Account Package
    $0
    No access to ATMs
    $2.50
    Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
    NorthOne Business Banking
    $50
    More than 300,000 ATMs across America.

    $0
    A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
    BBVA Free Checking
    $25
    1,000 fee-free ATMs across the country
    $3
    Pay a $0 monthly service charge and get free access to BBVA ATMs.
    Chase Total Checking
    $0
    Access to 16,000 ATMs and nearly 4,900 branches nationwide
    $2.50
    Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
    Chime Spending account
    $0
    38,000 fee-free ATMs nationwide
    $2.50
    Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
    Chase Premier Plus Checking
    $0
    Access to 16,000 ATMs and nearly 4,900 branches nationwide
    $2.50
    Get a $300 signup bonus as a new Chase checking customer when you open a Chase Premier Plus Checking account and set up direct deposit. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
    HSBC Advance Checking
    $0
    Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
    Get up to $270 (max. $50 per month) for eligible new customers who open an HSBC Advance checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
    TD Beyond Checking
    $0
    1,900 ATMs across the country and Canada
    $0
    A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.
    HSBC Premier Checking
    $1
    Free to use at all ATMs in the US
    $0
    Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
    TD Convenience Checking℠
    $0
    1,900 ATMs across the country and Canada
    $3
    Offering digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.
    Axos Bank Essential Checking
    $0
    ATM fees reimbursed at any ATM nationwide
    No fees. Unlimited domestic ATM fee reimbursements.
    Axos Bank Rewards Checking
    $50
    ATM fees reimbursed at any ATM nationwide
    $0
    Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
    N26
    N26
    $0
    Fee-free ATM withdrawals at Allpoint ATMs
    $0
    A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.
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    Compare up to 4 providers

    Regions Bank‘s customer service

    There are five ways to get in touch with a Regions Bank representative:

    • Phone. Call 800-734-4667, weekdays from 7 a.m. to 7 p.m. and Saturdays, 8 a.m. to 2 p.m., CT.
    • Online form. Regions customers can log in to the website and complete a secure online form for a reply from customer service.
    • Live chat. Chat with a representative on Region’s website, weekdays from 7 a.m. to 7 p.m. and Saturdays, 8 a.m. to 2 p.m., CT.
    • Social media. Keep up with all things Regions Bank on Twitter, Facebook, Foursquare and LinkedIn.
    • In person. Visit a Regions branch during business hours.

    Bottom line

    With such a broad selection of accounts, Regions Bank caters to a range of personal and business banking needs. But you’ll need to live within its 16 state branch network to open an account.

    If you’re not sure Regions Bank is for you, explore your account options with other providers.

    Frequently asked questions

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