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- At a glance
- Overall
- Regions bank products
- Bank experience
- Review Methodology
At a glance
3.3
Rating: 3.3 stars out of 5
Bankrate Score
CDs
Rating: 2.9 stars out of 5
Checking
Rating: 3.9 stars out of 5
Savings
Rating: 2.5 stars out of 5
MMA
Rating: 2.3 stars out of 5
About Bankrate Score
Overview
Regions Bank could be a good option for customers living in the South, Midwest or Texas, who value getting rewarded for bank loyalty. However, savers seeking high APYs may want to shop elsewhere.
Highlights
- Reward Checking
- Highly Rated App
Compare offers
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 6/7/2023
Rating: 5 stars out of 5
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$1
Min. balance for APY
Promoted offer: No minimum balance to open. No minimum deposit.
PNC Bank
Member FDIC
Savings Account Details
4.50
%
APY
$1
Min balance for APY
Offer rate as of6/7/2023
Interest rate4.48%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
No minimum balance to open. No minimum deposit.
Member FDIC
Savings Account
4.00
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 6/7/2023
Rating: 4.4 stars out of 5
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer: It only takes about 5 minutes to open a fee-free account.
Capital One
Member FDIC
Savings Account Details
4.00
%
APY
$0
Min balance for APY
Offer rate as of6/7/2023
Interest rate4.00%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
It only takes about 5 minutes to open a fee-free account.
Member FDIC
Savings Account
4.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 6/7/2023
Rating: 3.5 stars out of 5
Bankrate Savings rating = 3.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 3.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer: Open a BMO online savings account in minutes
BMO Harris Bank
Member FDIC
Savings Account Details
4.50
%
APY
$0
Min balance for APY
Offer rate as of6/7/2023
Interest rate4.40%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Open a BMO online savings account in minutes
Overall
Serving residents throughout the Southern and Midwestern U.S., Regions Bank offers all types of deposit accounts, and customers get rewarded for loyalty, such as by earning a higher CD rate when they have a checking account with the bank. The rates on Regions Bank’s products are low overall, though. There are also high minimum balance requirements to waive the monthly fee on money market and checking accounts.
Pros
Customers get rewarded for having multiple types of accounts with Regions Bank.
With a savings, money market or checking account, customers get a 30 percent discount on a safe deposit box rental.
The Regions Debit card earns cash back rewards.
(Video) Regions CIO explains bank run and offers tips for Alabamians
Cons
APYs are below average.
The money market and checking accounts have high minimum balance requirements to avoid their monthly fees.
The savings account only allows for three free withdrawals per month.
Branch service is limited to the South, Midwest and Texas.
Regions banking products
2.5
Rating: 2.5 stars out of 5
Bankrate Score
Compare top savings rates
4.85% – 5.02% APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of6/7/2023
$0 minimum deposit to open
Regions savings overview
The Regions Savings account requires at least $50 to open and $300, averaged daily, to avoid the monthly maintenance fee. Otherwise, there’s a $5 monthly fee. The APY on the account is below average.
Customers with the savings account get a 30 percent discount on a safe deposit box rental. They can also link the account to a Regions checking account to serve as overdraft protection. Only three withdrawals per month can be made for free from the savings account; after that, there’s a $3 fee per transaction.
Pros
Only $50 is needed to open the Regions Savings account.
Account holders get a 30 percent discount on a safe deposit box rental.
Cons
If a $300 daily balance isn’t maintained, there’s a $5 monthly fee.
Withdrawals in excess of three per month cost $3 each. Most banks allow for at least six free transactions from savings accounts.
The APY is low.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 6/7/2023
Rating: 5 stars out of 5
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$1
Min balance for APY
PNC Bank
Member FDIC
Savings Account Details
4.50
%
APY
$1
Min balance for APY
Offer rate as of6/7/2023
Interest rate4.48%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
No minimum balance to open. No minimum deposit.
Promoted offer: No minimum balance to open. No minimum deposit.
2.9
Rating: 2.9 stars out of 5
Bankrate Score
Compare top CD rates
5.20% – 5.28% APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of6/7/2023
$500 minimum deposit to open
Regions CD overview
Regions Bank offers CDs with terms ranging from just a week up to six years. For CD terms of under 90 days, the minimum deposit to open is $2,500; over 90 days, only $500 is required.
Rates on Regions Bank’s CDs are low — below the national average. There is an opportunity to earn a higher, unspecified rate called the Relationship Pricing interest rate. This rate is available to customers who have a checking account with the bank on terms of over 32 days.
Pros
Only $500 is needed to open CDs with terms of over 90 days.
Customers with a Regions Bank checking account can earn a higher APY.
Cons
Rates are below average.
Shorter CD terms require $2,500 to open.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
CD
5.05
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 6/7/2023
Rating: 4.9 stars out of 5
Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$500
Min. deposit
10mo
Term
Goldman Sachs Bank USA
Member FDIC
CD Details
5.05
%
APY
$500
Min. deposit
10mo
Term
Offer rate as of6/7/2023
Minimum deposit$500
APY may change before CD is opened & funded
Promoted offer: APY may change before CD is opened & funded
2.3
Rating: 2.3 stars out of 5
Bankrate Score
Compare top money market rates
Regions money market overview
Regions Bank’s Money Market account comes with check-writing privileges and six free transactions per month, but it earns minimal interest. More than six withdrawals a month will cost you a lofty $15 per transaction.
Only $100 is needed to open the account, but the minimum balance to avoid the $12 monthly fee is high at $2,500.
Like the savings account, Regions’ Money Market account can be linked to a checking account for overdraft protection, and account holders get a 30 percent discount on a safe deposit box rental.
Pros
Customers get 30 percent off a safe deposit box rental.
The account comes with check-writing privileges.
Cons
To avoid the monthly fee, account holders need a daily average balance of at least $2,500.
The $15 fee that applies to transactions in excess of six per month is high.
The APY is far below average.
3.9
Rating: 3.9 stars out of 5
Bankrate Score
Compare top checking rates
Regions checking overview
The LifeGreen Checking account offered by Regions Bank is a non-interest-bearing account that customers can open with $50. There’s an $11 monthly fee — discounted by $3 when you opt out of paper statements. However, this fee is waived with an average monthly balance of at least $1,500 or with recurring direct deposits of at least $500 into the account. Additionally, two out-of-network ATM fees are reimbursed for service members.
Customers get a Regions Visa debit card with the account that can earn cash back rewards.
While the overdraft fee is $36, which is above average, there’s no fee for linking a savings or money market account to cover overdrawn amounts.
Customers can earn a 1 percent annual savings bonus when they set up automated transfers of at least $10, for at least 10 months of the year, to the LifeGreen Savings account. The maximum bonus amount is $100. Also, account holders get a 30 percent discount on a safe deposit box rental.
Pros
The monthly fee can be waived by meeting certain criteria, including having at least $500 in recurring direct deposits.
The debit card that comes with the LifeGreen Checking account earns cash back rewards.
Customers have the opportunity to earn a 1 percent annual savings bonus.
Military service members get two out-of-network ATM surcharges reimbursed per month.
Cons
The $11 monthly fee is high, and there’s a high minimum balance requirement to waive it, if other criteria aren’t met.
The $36 overdraft fee is higher than average.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Checking Account
1.20
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 6/7/2023
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
To open
$0
To avoid fees
SoFi
Member FDIC
Checking Account Details
1.20
%
APY
$0
To open
$0
To avoid fees
Offer rate as of6/7/2023
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Bank experience
Banking hours vary by location, though the bank’s headquarters are open 9 a.m. to 4 p.m. CT Monday through Thursday, 9 a.m. to 5 p.m. CT on Friday and closed on the weekend.
Customers can also reach out to Regions Bank’s virtual assistant, Reggie, which is available 24/7. Reggie can answer basic questions, make changes to accounts and connect customers with a banker.
The bank’s mobile app has positive ratings on Google Play and the Apple app store.
About Regions Bank
Regions Bank is headquartered in Birmingham, Alabama, and serves customers across the South, Midwest and Texas. The bank offers services online and at around 1,300 branch locations.
There are a variety of consumer deposits products available through the bank, plus credit cards, small business resources and wealth management services.
Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
FAQs
Does Regions Bank have a good reputation? ›
Regions Bank has an "excellent" reputation ranking, as defined by the Reputation Institute, and received the highest overall score (73.9 out of 100 points) as well as the highest score among customers (85.7 out of 100 points) in the annual survey. Regions ranked second among non-customers.
What credit score do you need for a Regions loan? ›Regions Bank typically prefers to lend to people with excellent credit, which means anything above 800 according to credit bureau Experian. You may be able to get approved with a credit score between 750 to 800, but you can expect to pay higher monthly payments or see your loan amount limited.
What is Regions CD rate for 2023? ›Regions Certificates of Deposit (CDs)
Five months or less: 0.01% APY. 6 to 23 months: 0.03% APY. 24 months or more: 0.05% APY.
| Name | Standard & Poor's | Moody's Investors Service |
|---|---|---|
| Short term | A-2 | P-1 |
| Long-term Bank Deposits | N/A | A1 |
| Senior Unsecured Debt | A- | Baa1 |
| Subordinated Debt | BBB+ | Baa1 |
Regions Financial is currently under evaluation in probability of bankruptcy category among related companies.
What are the disadvantages of Regions Bank? ›- APYs are below average.
- The money market and checking accounts have high minimum balance requirements to avoid their monthly fees.
- The savings account only allows for three free withdrawals per month.
- Branch service is limited to the South, Midwest and Texas.
The FICO® Score that Regions provides is based on data from your TransUnion report as of the "pulled on date" shown with the score in Regions Online Banking.
What credit score do you need to get a $500000 loan? ›You generally need a credit score of 670 or higher, although 775 and up is better for a $500K loan. To compare top options for good credit borrowers, check out our guide. A personal guarantee.
What credit score do you need for a 3500 loan? ›You will likely need a credit score of at least 580 for a $3,500 personal loan. Most lenders that offer personal loans of $3,500 or more require bad credit or better for approval, along with enough income to afford the monthly payments.
What is the best CD rate for $100000? ›| BEST NATIONAL JUMBO CDs | ||
|---|---|---|
| CD Bank | 5.20% APY | $100,000 |
| NexBank | 4.35% APY | $100,000 |
| Luana Savings Bank | 4.21% APY | $100,000 |
| Best non-Jumbo option: TotalDirectBank | 5.15% APY | $25,000 |
What is the highest paying 12 month CD? ›
- BrioDirect – 5.35% APY.
- State Bank of Texas – 5.30% APY.
- CFG Bank – 5.28% APY.
- CIBC Agility – 5.27% APY.
- FedChoice Federal Credit Union – 5.25% APY.
- Mountain America Credit Union – 5.25% APY.
- Limelight Bank – 5.25% APY.
- BankPurely – 5.25% APY.
As of May 2023, average one-year CD rates are at 1.59%. Other CD terms saw similar increases during the same time frame, including five-year CDs.
Who is better Wells Fargo or Regions Bank? ›Regions Bank vs.
Wells Fargo has slightly lower fees on its banking accounts and also offers a robust rewards program. Regions Bank has a broader product array than what's available at Wells Fargo.
| Rank | Bank name | Headquarters location |
|---|---|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco |
| Bank Name | City | State |
|---|---|---|
| First Republic Bank | San Francisco | CA |
| Signature Bank | New York | NY |
| Silicon Valley Bank | Santa Clara | CA |
Silvergate Bank and Signature Bank, both with some exposure to cryptocurrency, failed in the midst of turbulence in that market. Silicon Valley Bank (SVB) failed when a bank run was triggered after it sold its Treasury bond portfolio at a large loss, causing depositor concerns about the bank's liquidity.
Which banks are collapsing 2023? ›By the numbers: The three banks that failed this year — Silicon Valley Bank (SVB), First Republic Bank (FRB) and Signature Bank — accounted for 2.4% of all assets in the banking sector.
Is my money safe in Regions Bank? ›Your Regions deposits are fully protected up to the standard deposit insurance amount by the Federal Deposit Insurance Corporation (FDIC). The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
What is the Regions Bank scandal? ›A woman working for a bank sold customers' identities as part of a plot to steal thousands of dollars from branches in multiple states, federal prosecutors said. The Regions Bank employee gave up customers' names, ID card numbers and bank account numbers to others involved in the scheme, according to court documents.
What is the Regions Bank controversy? ›
The charged defendants worked together and with others to use stolen identities of actual Regions Bank customers to steal over $125,000 from branches in northwest Florida, southern Alabama, Iowa, and Missouri in December 2019.
What credit score do banks look at the most? ›Which credit score do lenders actually use? Most lenders use the FICO credit score when assessing your creditworthiness for a loan. According to FICO, 90% of the top lenders use FICO credit scores.
Is 519 a good FICO score? ›Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 519 FICO® Score is significantly below the average credit score. Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit.
What is the best FICO score? ›- Very poor: 300 to 579.
- Fair: 580 to 669.
- Good: 670 to 739.
- Very good: 740 to 799.
- Excellent: 800 to 850.
You will likely need a credit score of at least 660 for a $30,000 personal loan. Most lenders that offer personal loans of $30,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.
What credit score do you need to get a $60000 loan? ›In order to qualify for a $60,000 personal loan, you should have a credit score of 680 or higher. However, if you have a credit score below 700, you should add a cosigner to your application or look into a secured personal loan to increase your chance of approval.
What credit score do I need for a $70000 loan? ›Typically, you need good to excellent credit to qualify for a $70,000 personal loan and lock in the lowest rates and most favorable terms. Most lenders look for a score of 650 or higher as well as a stable income and low debt-to-income ratio.
What is the easiest loan to get approved for? ›The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're available to people with bad credit.
Can I buy a house with a 480 credit score? ›FHA loan. FHA loans are insured by the Federal Housing Administration (FHA) and allow lenders to accept a credit score as low as 580 with a 3.5 percent down payment, or as low as 500 with a 10 percent down payment. These loans have rates comparable to other mortgage types.
Can I get a credit card with a 520 credit score? ›It is 180 points away from being a “good” credit score, which many people use as a benchmark, and 120 points from being “fair.” A 520 credit score won't knock any lenders' socks off, but it shouldn't completely prevent you from being approved for a credit card or loan, either.
Can you put a million dollars in a CD? ›
Jumbo CD: Jumbo CDs require a minimum investment of $100,000 but are often issued to institutional investors with a million or more dollars to invest. The higher minimum investment is accompanied by a higher interest rate.
How much can I make with $10000 CD? ›A one-year CD with a $10,000 opening deposit that earns a yield of 5.1 percent would be worth around $10,510 when it matures in 12 months' time. This high-yielding one-year CD would earn you around $342 more in total interest than a CD earning the national average rate.
Who has highest 6 month CD rates? ›- Santa Clara County Federal Credit Union – 5.12% APY.
- TotalDirectBank – 5.11% APY.
- CIBC Agility – 5.11% APY.
- MYSB Direct – 5.10% APY.
- Banesco USA – 5.10% APY.
- Popular Direct – 5.10% APY.
- USAlliance Financial – 5.10% APY.
- Merrick Bank – 5.10% APY.
| Bank/Credit Union | Forbes Advisor Rating | Minimum Deposit Requirement |
|---|---|---|
| Varo Savings Account | 4.3 | $0 |
| UFB Premier Savings | 4.1 | $0 |
| Salem Five Direct eOne Savings | 3.8 | $10 |
| MySavings Direct MySavings Account | 3.7 | $0 |
Best CD rates of June 2023
Marcus by Goldman Sachs: 6 months – 6 years, 3.70% APY – 5.05%* APY; $500 minimum deposit to open. Capital One: 6 months – 5 years, 3.90% APY – 4.75% APY; no minimum deposit needed to open. Synchrony Bank: 3 months – 5 years, 2.25% APY – 5.00% APY; no minimum deposit needed to open.
Can you get 6% on a CD? Savers who don't mind locking up their funds for a specified amount of time can earn 6% interest on a CD.
Should I take my money out of the bank 2023? ›Do no withdraw cash. Despite the recent uncertainty, experts don't recommend withdrawing cash from your account. Keeping your money in financial institutions rather than in your home is safer, especially when the amount is insured. "It's not a time to pull your money out of the bank," Silver said.
Where will 5 year CD rates be in 2023? ›Currently, a yield-curve inversion is in place when it comes to average CD yields, which are as follows, based on Bankrate data for May 31, 2023: 1-year CD average: 1.71 percent APY. 2-year CD average: 1.39 percent APY. 5-year CD average: 1.22 percent APY.
How high will interest rates go in 2023? ›So far in 2023, the Fed raised rates 0.25 percentage points twice. If they hike rates at the May meeting, it is likely to be another 0.25% jump, meaning interest rates will have increased by 0.75% in 2023, up to 5.25%.
What is Regions Bank known for? ›Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest and Texas.
What is the #1 bank in America? ›
| Rank | Bank name | Headquarters location |
|---|---|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco |
On January 24, 2004, Regions merged with Memphis, Tennessee–based Union Planters Bank in a $5.9 billion transaction. Jackson W. Moore, the former CEO of Union Planters, became CEO of the merged company. He suffered a stroke after the merger closed, but was still able to assume his new post upon recovery.
What bank did regions buy out? ›Regions' emergence as one of the nation's largest banking operations resulted from its $10 billion merger in 2006 with AmSouth Bancorporation, another successful Birmingham bank.
How much money do you have to keep in a Regions savings account? ›Regions LifeGreen® Savings. The Regions LifeGreen® Savings account has no monthly fee and no minimum balance requirement if you also have a Regions checking account 1.
What is Regions money limit? ›Yes. Your daily purchase limit is $5,000 on a personal debit card.
How much money can I withdraw from Regions Bank? ›Yes. Your daily ATM withdrawal limit is $808 on a personal check card.
Which bank has a bad reputation? ›| Bank | Total complaints | Complaints per $1 billion deposited |
|---|---|---|
| Citibank | 82,971 | 106.78 |
| Capital One | 79,622 | 224.31 |
| Discover Bank | 23,072 | 243.18 |
| Flagstar Bank | 4,209 | 71.53 |
Regions is committed to the LGBTQ+ community. We're actively invested in many LGBTQ+ organizations, helping champion inclusivity and the opportunity it brings.
Is Regions Bank growing? ›Regions Financial Q1 Highlights: 22% Revenue Growth, Earnings Miss, Solid Net Interest Income & More. Regions Financial Corporation (NYSE: RF) clocked revenue growth of 22% year over year in the first quarter of FY23 to $1.95 billion.
What banks are failing? ›| Bank Name | City | State |
|---|---|---|
| First Republic Bank | San Francisco | CA |
| Signature Bank | New York | NY |
| Silicon Valley Bank | Santa Clara | CA |
What was the worst banking scandal? ›
Wachovia Bank
Once one of the largest U.S. banks, Wachovia is unfortunately responsible for the biggest money-laundering event. In 2010, it was found that the bank allowed drug cartels in Mexico between 2004 and 2007 to allow money laundering of close to USD 390 billion through its branches.
The entire settlement is for $191 million, but Regions will pay $50 million toward a federal penalty. The rest goes to customers who were charged the illegal fees. If you got any surprise overdraft fees from Regions Bank and weren't voluntarily signed up for the overdraft protection program, you have a refund coming.