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Regions Bank Preferred Checking

in Checking Accounts from Regions Bank · Member fdic

Unaffiliated

Regions Bank Preferred Checking

Unaffiliated

in Checking Accounts from Regions Bank · Member FDIC

Net Recommendation Score +50%

1 user recommends

1 user is unsure

0 users don't recommend

Browse Reviews: 1 Recommendations | 0 Complaints

Highlights
Community Rating	Rating not yet determined
Monthly Fee	$0 - $18
ATM Fee: Out-of-Network	$2.50
Minimum Balance to Avoid Monthly Fee	$5,000
APY (Annual Percentage Yield)	0.01%

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.

Key Takeaways

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 $5,000.
$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.

Regions Bank Preferred Checking Pros & Cons

Pros	Cons
Interest-yielding account. Access to physical branches. Free debit card	No signup bonus. Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Only available in 15 states. Higher than average wire transfer fees. Monthly service charge. Charges a higher than average fee on out-of-network ATM transactions.

Regions Bank Preferred Checking FAQ

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 Rates & Terms
Description
APY (Annual Percentage Yield)	0.01%

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.

Regions Bank Preferred Checking Account Minimums
Description	Amount
Minimum Initial Deposit	$50
Minimum Combined Balance to Avoid Monthly Fee	$25,000
Minimum Balance to Avoid Monthly Fee	$5,000

What fees does Regions Bank Preferred Checking charge?

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

Regions Bank Preferred Checking Fees
Description
Monthly Fee	$0 - $18
Paper Statement Fee	$2
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	$2.50
NSF Fee	$36
Overdraft Protection Fee (per transfer)	$15
Overdraft Item Fee	$36
Early Account Closure	$25
Returned Deposit Fee (Domestic)	$15
Debit Card Replacement Fee	$5
Bank Teller Fee	N/A
Check Cashing Fee	N/A
Online Bill Pay Fee	$0
Stop Payment Fee	$36
Check Image Service	N/A
Check Copy	$5
Foreign Transaction Fee (Debit Card)	3%
Wire Transfer Fee - Domestic (Outgoing)	$45
Wire Transfer Fee - International (Outgoing)	$45
Wire Transfer Fee - International (Incoming)	$18
Returned Deposit Fee (International)	$15
Wire Transfer Fee - Domestic (Incoming)	$15
ATM Reimbursement Monthly Limit	N/A

What features and perks does Regions Bank Preferred Checking offer?

This account includes the following features:

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