Regions Bank Preferred Checking Review

Regions Bank Preferred Checking is offered by Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank Preferred Checking is available in 15 states across the USA.

• Low APY. The maximum annual percentage yield for this account is only 0.01%.
• Charges a monthly fee. This account charges a monthly maintenance fee of up to $18, but the fee is waived if you keep a minimum balance of $5000.
• $50 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• Hard credit pull. Regions Bank may require a hard pull on your credit report to open a checking account.

Are checking accounts from Regions Bank federally insured?

Yes, your Regions Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Regions Bank Preferred Checking offer?

Regions Bank Preferred Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Regions Bank Preferred Checking?

Regions Bank Preferred Checking requires a minimum initial deposit of $50 to open an account.

What fees does Regions Bank Preferred Checking charge?

This account charges a monthly maintenance fee of up to $18.

What features and perks does Regions Bank Preferred Checking offer?

This account includes the following features: