Regions Bank account review

Discover the Advantages of Opening a Regions Bank Account

Regions Bank is a reputable financial institution that offers a wide range of services across 16 states in the southeastern United States. Established in 1971 and based in Birmingham, Alabama, the bank boasts over 1,300 branches and 1,500 ATMs, making it one of the largest banks in the region.

When it comes to checking accounts, Regions Bank provides various options tailored for different needs, including regular accounts, student accounts, and accounts for seniors. Let’s delve into each option to find the right fit for you.

Advantages of Regions Bank Accounts

Opening a checking account with Regions Bank comes with several advantageous features. For instance, if you refer a friend who also opens a checking account with Regions Bank, you can receive a $50 Visa Reward Card.

Let’s explore the different checking account options offered:

LifeGreen® Checking

The LifeGreen® Checking account offers unlimited check writing, along with the chance to open a LifeGreen Savings account without a monthly fee and the opportunity to earn an annual savings bonus. This happens to be Regions Bank’s most popular checking account.

Monthly fee options: $8 with online statements or $11 with paper statements. However, you can avoid the monthly fee by meeting any of the following criteria:

• Maintain an average monthly balance of $1,500
• Set up direct deposit

Minimum opening deposit: $50.

LifeGreen Preferred Checking®

LifeGreen Preferred Checking® is an interest-earning checking account that includes a Preferred Banking membership. It offers two non-Regions ATM transactions per statement period with no Regions ATM fee. Additionally, while your LifeGreen Preferred Checking® account remains open, you won’t have to pay a monthly fee for a Premium Money Market account.

Avoid the monthly checking account fee by satisfying any of the following requirements:

• Maintain a $5,000 average monthly statement balance
• Have specific qualifying first-lien home mortgage loans in good standing
• Hold a combined minimum deposit balance of $25,000 from all your Regions checking, savings, money markets, CDs, and IRAs
• Carry a combined minimum outstanding loan balance of $25,000 from your Regions personal installment loans, lines of credit, equity lines of credit, equity loans, direct loans, and credit cards in good standing

Minimum opening deposit: $40.

Regions Now Checking®

Regions Now Checking® is a straightforward banking option that eliminates concerns about overdraft fees, with a low, fixed monthly fee. This account allows you to pay bills using Online Banking Bill Pay, write unlimited checks, and send and receive money with Zelle.

The monthly fee for this account is $5, and it provides unlimited check writing and access to Online Bill Pay. Regions Now Checking prevents overdraft fees by declining transactions that exceed your available balance.

Minimum opening deposit: $10.

LifeGreen eAccess Account®

The LifeGreen eAccess Account® is designed for individuals who prefer using debit or credit cards for most purchases. It carries a monthly fee of $8, which can be waived by making at least 10 Regions debit card and/or credit card purchases each month, or through any combination of these qualifying transactions.

Minimum opening deposit: $50.

62+ LifeGreen® Checking

This senior checking account is specifically tailored for individuals aged 62 or older. It offers unlimited check writing and the option to open a no-fee LifeGreen® Savings account, along with the opportunity to earn an annual savings bonus.

Minimum opening deposit: $50. However, there are multiple ways to avoid the monthly fee.

LifeGreen® Checking for Students

LifeGreen Checking for Students is a fee-free banking option designed for young adults between the ages of 18 and 25. It includes built-in savings tools for those focused on their education or job search.

There is no monthly fee for this account, and the minimum opening deposit is $50.

Requirements for Opening an Account

Here’s a list of the items you’ll need to open an account with Regions Bank:

• Social security number or tax identification number
• Birth date
• Personal identification such as a driver’s license, passport, state or government-issued ID, etc.
• Secondary form of ID (such as a social security card, birth certificate, insurance card, etc.)

Learn How to Apply for a Regions Bank Account

To take the next step in opening a Regions Bank account, click the green button below to learn more about the application process.

Written by

Claire Harrison