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Regions Bank was the first multi-bank holding company in Alabama. The bank includes Union Planters Bank, AmSouth, and FirstAlabama, with history dating back to 1856. The holding company was chartered in 1970 as First Alabama Bancshares, Inc., Regions is the 22nd largest bank in the United States, with branches in 16 states in the south and the Midwest.
Account Incentives
Regions Bank offers the Regions Relationship Rewards to most of its banking customers. Customers who have checking accounts with a check card earn rewards points for their purchases. These reward points can then be turned in for bonuses like travel products, gift cards, merchandise, and products or services within the bank. This program does not cost anything but is included automatically with the check card.
Unique Offerings
Regions Bank offers small and large business accounts and personal banking services. For personal banking customers, the LifeGreen online checking account is a unique product. It takes just 10 minutes to set up the account online. The bank offers all types of personal loans and also credit cards. Small businesses may apply for SBA financing commercial banking customers have access to services like equipment financing, commercial lending and real estate services, and specialized financial services for restaurants, transportation businesses, agricultural business, public and nonprofit companies, and healthcare companies.
Awards and Accolades
Regions Bank is part of the S&P 100 Index. It is labeled as one of the top 15 financial services providers in the nation. It was also listed in Forbes Magazine’s Platinum 400 list of America’s best big companies.
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{ 4 comments… read them below or add one }
DO NOT use REGIONS bank or any AMsouth bank. They exist only to find ways to remove money from your account. I have lost thousands of dollars due to there incompetence on 2 different occasions. One when a woman forgot to turn in paperwork to cancel a check card when fraudulent charges showed up, thereby allowing my account to be drained. Then tried to force me to pay hundreds in overdrafts due to thier own incompetence!! When I contacted regions they ran me around and literally did nothing. They lied to me about letting me talk to a manager and only passed the phone to another low level employee who lied to me about his position.
Less than a year later they failed to close an account and tried to hold me accountable for fraudulent charges after the account was supposed to be closed. When I finally did get through to a higher
up, he told me….. “while I wasn’t on the phone for that conversation now was I?” “Lets see you prove it” Yeah this was MY bank, Simply put, they care nothing about thier customers, only finding ways to part them from their money through hidden ridiculous charges!!!
Bottom line… WHY take a chance? GO ELSEWHERE!!!
My family has taken out two Mortgages through Regions Bank. I Had also been a loyal customer of Regions Bank Customer for over 12 years. About 6 months ago, my state Identity and Regions Bank card was stolen and all my funds were drained from my account. Regions Bank assured me the problem would be taken care of and I would not be held responsible for any of the debited funds. The person who stole my identity also used fraudulent checks (not my checks) to withdraw money from my current balance. (Eg. He used stolen checks and cashed the stolen checks at a Regions Bank. The transaction was taken by a Regions Bank Employee who then cashed the fraudulent checks on my account. When the checks were returned, Regions bank charged my account for the Fraudulent Checks and the funds were debited out of my account for the amount of the Fraudulent Checks. )
I waited for over 5 months for some action to be taken. I took all necessary steps in which Financial Advisors Sean, Mia, and Michelle Bergeron asked of me at Regions Bank Cheshire Bridge. I was told I would be contacted by their Corporate Security Officer Frank and he would be the one to tell me when the funds would be released. It is now 6 months later and I have not received $1 of the large sum of money that I was told I would not be held responsible for. The last conversation I had with Michelle Bergeron is that Regions were exiting their relationship with me after 12 years and goodbye. I will be contacting the FDIC and also the BBB. I plan on posting this review on every possible review web site. DO NOT BE TAKEN ADVANTAGE OF LIKE I WAS. Regions does not stand behind their protocol or any of it’s policies with the FDIC. Everything in this statement is true and I will stand behind everything stated. This has destroyed my credit and also my trust in any banking system.
Thanks,
Justin Walley
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Regions bank winona ms is ripping people off because they load the largest debits in first hoping to create an overdraft with the smaller debits to raise the amount of overdraft fees they collect. The bank officer admitted to me this was done. I am leaving this TARP TAKING SORRY EXCUSE FOR A BANK
The rates on savings products, including CDs, with Regions Bank are not that high. In July of 2010 the highest CD rate was 1.25 percent, and that was for five to six years. Many customers will find better rates on shorter term products at online banking companies.
One potential problem with Regions Bank is its many fees. For instance, the LifeGreen Checking account charges a $5 to $20 monthly fee. This can be waived if the account has direct deposit or if the customer makes 15 electronic transactions, maintains a $500 average daily balance, or is age 50 or older. For those who cannot meet these criteria, the fee adds up quickly.
Regions Bank gets average scores from its customers for its customer service policies. The bank is strict about its fees, and sometimes holds money deposited into accounts depending on the way in which it was deposited. This can lead to overdraft fees for some customers.