Regions Bank Savings Account Review

Where does Regions Bank Savings Account do business?

Regions Bank is based in Huntsville, AL. It was founded in 1873 and offers savings accounts in 15 states across the USA.

Regions Bank Savings Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.

What APY does Regions Bank offer?

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

What features and perks does Regions Bank Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - Regions Bank Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

What fees does Regions Bank Savings Account charge?

Regions Bank Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $50.

• Outgoing domestic bank transfers come with a $25 fee.
• Outoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Regions Bank Savings Account charges a $25 fee for an early account closure. Contact Regions Bank Savings Account for more details on what is considered an early closure.
• Regions Bank Savings Account charges $2 every time you request a paper statement.