Regions Bank
Regions Financial Corporation was founded in 1971 as First Alabama Bankshares. In 1986, with the passage of the Interstate Banking Bill, Regions Bank was formed and started acquiring banks outside of its home state. The bank now operates in 15 states in the southern and midwestern regions of the U.S.
Regions Bank Overview
Regions Bank operates over 1,400 branches and 1,900 ATMs in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas. The bank offers a few promotional CDs with competitive APYs, but for the most part, rates are at or below the national average for most of its other banking products. If you have a Regions checking account, the APY on your promotional CDs receives a slight increase. Although most non-CD accounts have a monthly service charge, the bank offers relatively easy ways to waive the fee.
| The bank offers competitive APYs on some of its CD products. | APYs on its non-promotional CDs are at or below the national average. |
| Interest is compounded daily on many of its products. | Only three withdrawals are allowed per month from the savings account. |
| Offers multiple ways to waive monthly service charges on many account types. | The bank only operates in 15 states, mostly in the south and midwest regions of the U.S. |
| The bank offers referral and other bonuses on some of its accounts. |
Regions Bank Product Offerings
Savings Accounts
Regions Bank offers a number of different savings accounts. Some have monthly service charges that can either waived with a minimum average daily balance of by having a checking account. Here are the latest savings account details for June 2025:
Checking Accounts
Regions Bank offers a number of different personal and business checking account options. All require a minimum opening deposit, but they are all $100 or less. All have APYs that are at or below the national average but offer debit cards and monthly service charges that can be waived. Here are the latest account details for June 2025:
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Regions Bank offers CDs ranging from one month up to three years. It offers competitive APYs on three promotional CDs, but the rest are at or below the national average. Here are some of their best CD offerings for June 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Regions Bank offers three money market accounts, all of which offer check-writing privileges, six monthly withdrawals, and low APYs. Here are the account details for June 2025:
Bank Fees
Overdraft fee: $36
Savings and Money Market Account withdrawals: $15 per excess withdrawal
Account closure fee: $25 if account is closed within 180 days of account opening
Non-network ATM fee: $3
Monthly service charge: Varies from $5-$25 depending on account type; Most monthly service charges can be waived
Stop payment fee: $36
Paper statement fee: $2 per month without check images; $4 per month with check images
Regions Bank Features
Regions Bank customer service representatives are available Monday through Friday from 8 a.m. to 5 p.m. EST. via phone. 24 hours a day, 7 days a week. The banks also offer a virtual assistant named Reggie that can provide account information and process basic account functions.
There are over 1,400 branches and 1,900 ATMs throughout the 15 states for bank services. Regions Bank also has a comprehensive and highly-rated mobile app that allows customers to manage their accounts from the comfort of their phone or computer.
Regions Bank FAQs
Our Take
Regions Bank is a regional bank that provides typical banking products that might benefit residents of the states it operates in. It offers bonuses on some of its accounts to entice customers to open and maintain accounts, but with the APYs at or below the national average across the board, customers may want to shop around and find other banks or even online-only banks that offer much higher APYs. It is also not a member of the Allpoint or MoneyPass ATM networks, so customers are limited to their 1,900 or so ATMs. On the positive side, it offers a few promotional CDs with short terms and competitive APYs. All in all, the bank is convenient for residents in the south and midwest who can visit branches and have access to their ATMs. For everyone else, there may be better banking options.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.