Regions Bank

  

Banking Solutions

 

 When it comes to your financial health and well-being, a bank that's just okay is no longer enough, not for you and your family.
It's time to raise your expectations. What follows is personal banking the way it should be; a full spectrum of banking solutions including savings, checking products and bank services designed to maximize your banking potential while simplifying your life. Welcome to the new Regions.

Checking Account

 

A basic checking account is also available with a minimum opening deposit of $50 and a $5 monthly fee.†

Learn more about Regions At Work Checking Products.

Our footprint: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.

† For checking accounts opened in Iowa, this fee is subject to Iowa State Sales Tax of 6%, which will be assessed at the time the fee is charged, unless exempt.

Opening deposit requirements vary by account. Checking accounts subject to the Regions Bank Deposit Agreement.

1. A savings, money market or line of credit is required to set up an Overdraft Protection. Subject to credit approval. Transfer fees apply
2. Subject to availability.
3. The LifeGreen Checking for Students monthly service charge will continue to be waived until you turn 26.
4. LifeGreen Savings may be opened with $5 when an automatically recurring monthly savings transfer from a Regions checking account is set up; otherwise, $50 opening deposit required. If opened online, $50 opening deposit required.
5. A $15,000 opening deposit is required to open a standard Platinum Relationship Money Market.
6. A standard order of Regions custom single wallet-style checks printed on recycled paper available for $6.95. Other personal check styles are available at a 50% discount.
7. To avoid the $2.00 monthly paper statement fee, you must be a Regions Online Banking customer who receives only Online Statements.  To get started with Online Statements today, simply enroll in Regions Online Banking. If you are an existing Online Banking customer, log in and select the Online Statements link in the top navigation under Accounts. You must have a valid SSN or TIN to be eligible for enrollment in Regions Online Banking. If you unenroll in Online Statements, your checking account will begin to be charged the $2.00 monthly paper statement fee on your statement cycle end date.
8. Good standing means you are not past due or in default under your credit agreement.

Regions CD Accounts

 

Knowing that no two customers have the same future plans, or current life circumstances, Regions offers a variety of Certificate of Deposit (CD) terms. One of our bank representatives will be more than happy to help you choose the term that best meets your financial needs. And we'll always be there to help you adapt your accounts as your needs change over time.

I want to...

 How do I? 

We have compiled these questions using input from several different areas including Regions' Customer Service department. However, please remember that a the "How do I?" section is simply a listing of frequently asked questions.

If your question is not answered here, feel free to call us at  1-800-REGIONS  1-800-734-4667.

• SWITCH BANKS?
  Discover helpful information on how to switch Direct Deposits, transfer Automatic Payment Deductions, close accounts and request forms.
• PREPARE FOR A SEVERE STORM?
  Covers how you should prepare for a Financial Storm and what you should include in your "Financial Emergency Kit".
• RECOVER LOST/STOLEN INFORMATION?
  Learn what to do when you've become the victim of Lost/Stolen information.
• USE FINANCIAL CALCULATORS?
  Confidently making the right financial decision is easy when you use our variety of financial calculators.
• PREPARE FINANCES TO GET MARRIED?
  Starting out as a couple requires quite a bit of planning. Making arrangements for your wedding can be the first step in planning your future.
• MANAGE FINANCES AS A NEWLYWED?
  Marriage is an adjustment.  Whether you both decide to work or plan on living on one income, a management plan must be set into motion.
• BUY A HOME?
  Before you begin the hunt for the perfect home, do your homework. Regions can help with our Mortgage calculators.
• PLAN FOR COLLEGE?
  The decision to go to college should be accompanied by careful planning and plenty of forethought.
• BUY A CAR?
  Make sure you have an educated idea of the options you want before you're confronted with all those shiny new cars and fast-talking dealers and forget what you came to do.
• GET OUT OF DEBT?
  Regions can help you develop a method to dissolve your debt, start saving and find your way back to financial freedom.
• MAXIMIZE MY SAVINGS?
  Regions has several options to help you in setting and attaining savings goals.
• SAVE ON TAXES?
  By applying a few rules of thumb and a little common sense, you may be able to cut your tax bill considerably.

 

Buy a Home?

 

 Ah, the perpetual smell of the newsprint. The glares darting back and forth between open house visitors. Nights spent lying awake arranging furniture in your head. The uncontrollable pounding of your heart when you just know you’ve found the one. There is nothing quite like purchasing your dream home. It can be an exciting and emotional time in life. Like every important landmark you come to in life, Regions wants to be there to help you savor the experience.

Before you begin the hunt, do your homework. Regions can help. Click on the following questions to find answers tailored to your needs:

• What home can I afford?
• How much can I borrow?
• How much should I put down for a new home?
• How much can I save in taxes?
• Am I better off renting?
• How much will my mortgage payments be?
• How much will my adjustable rate payments be?
• Should I pay points to lower the rate?
• Which is better: 15 or 30 year term?
• What will my closing costs be?
• Am I better off refinancing? 
• What will my refinancing costs be?
• How can I reduce mortgage insurance costs? 
• Which loan is better?
• How advantageous are extra payments?

You probably already have your desired location narrowed down to one or two areas. You may want to talk to friends or acquaintances living in these areas about schools, taxes, safety and other concerns you may have. Compare available listings in these areas. The schools may be comparable to one another in two areas of town, but you may be able to get more house for your money in the other. The more you research, the more able you’ll be to recognize a good deal when one pops up.
Pre-qualifying for a mortgage will tell you exactly what you can afford, and will work in your favor when making an offer on a home. An offer made by a pre-qualified buyer is much more desirable to a seller than one contingent on financing. Regions has several mortgage options and our professionals can help you find the one that fits you. We also offer links to services like Equifax, an online source to obtaining a copy of your credit report, and improve.net a comprehensive resource for home improvements.
We understand that buying a home is a big step. That’s why we are available to help you feel confident and well informed during the hunt for your dream home.

Plan for College?

  

 There is no doubt that a college degree is the most valuable tool you can take with you into the workforce. So it makes sense that funding education should be viewed as one of our most important investments. Considering that the average annual tuition cost for a public college education is presently around $4,000 (not including room, board, books and other applicable living expenses), it goes without saying that the decision to go to college should be accompanied by careful planning and plenty of forethought.
There is a lot you can do ahead of time to make your transition into higher education smooth and enjoyable. Regions can help you prepare.
Before you take your first step on campus, it is smart to get acquainted with college life. Online resources like collegeboard.com, ecampustours.com and scholarshipexperts.com all hold a wealth of knowledge that will help you hit the ground running.

Maximize my Savings?

 

 Savings should be an integral part of budget planning. If you think about it, a budget is simply a list of payees. Listing yourself as the first payee makes perfect sense. After all, it’s your hard-earned cash being divided up and sent away. In setting budget goals, a tracking process will help you determine whether your day-to-day spending habits are healthy ones and will help curb the temptation to spend beyond your means. This process will allow you more room to set money aside to fulfill your goals.
Set Goals
Regions has several options to help you in setting and attaining savings goals. It is important to remember when setting goals to be specific. Reaching your goals will be easier if you can measure your progress against a deadline and dollar amount.
Short-Term Goals
Short-term savings goals, such as money needed for a down payment on a new car, furniture or a vacation, can be achieved by making regular contributions to an Regions savings account. Arrange direct deposit through your employer so that a portion of your paycheck automatically goes into your Regions savings account  every time you are paid. Regions also offers interest bearing checking account options  that pay you interest on your balances. Both of these saving tools are safe and easy ways to earn interest and are insured by the FDIC.
Medium-Term Goals
For medium-term savings goals that involve larger sums of money to be used for items such as a down payment for a home and improvement to your home, Regions offers money market  and certificate of deposit accounts, or CDs. Money markets pay a fluctuating rate of interest based on market changes. CDs guarantee your principal deposit and grow at a locked interest rate. You may choose to “ladder” your CDs–purchase a 6-month, 12-month and 18-month CD. At the end of each term if the rate has increased you can roll over your CD for another term, but if the rate is lower you may decide to cash in and invest elsewhere.
Long-Term Goals
Long-term savings goals should be the heart of your savings plan. These funds should be the least liquid and the most lofty. This is the money you will use to fund your retirement and your child’s college education. An Regions IRA program can help meet your long-term saving needs. We offer a variety of IRA options.
We understand that saving isn’t always easy. It requires discipline, a significant amount of planning, and possibly even budget cuts. The benefits seem far into the future while the sacrifice is immediate. Try to keep the tangible reward in mind. Imagine what it is you’d like to be doing when you retire and picture it often. If you wish to retire to the sunny shores of some remote island, download a screen saver of a tropical paradise, or tape a photo of your dream car to the inside of your closet door. Saving takes persistence and constant maintenance, but the rewards are worth every penny.