Regions Bank is one of the largest regional banks in the South, with 1,250+ branches across 15 states from Alabama to Texas. LifeGreen Checking ($8/month) is waived with one direct deposit or Regions credit card purchase. Savings rates are below market — Regions has no online HYSA division, so customers must look externally for competitive savings rates.
Regions Bank is best for: Southeast and South-Central customers who need branch access and have direct deposit to waive the LifeGreen Checking fee.
Regions Bank at a Glance
| Feature | Details |
|---|---|
| Headquarters | Birmingham, AL |
| Assets | ~$160 billion |
| Branches | 1,250+ in 15 states |
| ATMs | ~1,900 in-network |
| FDIC insured | Yes |
| Routing number | 062000019 |
| Savings APY | 0.01% |
Checking Accounts
LifeGreen Checking (Primary)
- Monthly fee: $8/month
- Fee waiver: One qualifying direct deposit OR one Regions credit card purchase per month
- Minimum balance: $0
- Overdraft fee: $36 per item
- Best for: Most customers with regular direct deposit
LifeGreen Simple Checking
- Monthly fee: $5/month (cannot be waived)
- Overdraft fee: $0 — transactions declined when insufficient funds
- Best for: Customers who want guaranteed no overdraft fees; often recommended for those with overdraft history
Regions Now Checking
- Monthly fee: $0 (prepaid-style, restricted features)
- Best for: Customers who cannot qualify for standard checking
Savings Accounts
LifeGreen Savings: 0.01% APY — not competitive.
Regions does not operate an online HYSA division. Customers must use external HYSAs for competitive savings rates. See Regions savings account guide.
ATM Network
Regions has ~1,900 ATMs — primarily in the 15-state branch footprint. Out-of-network ATM fee: $3 per transaction. No ATM fee reimbursement on standard accounts.
Regions vs. Wells Fargo in the South
| Feature | Regions LifeGreen | Wells Fargo Everyday |
|---|---|---|
| Monthly fee | $8 | $10 |
| Fee waiver | 1 DD or 1 CC purchase | $500 DD or $1,500 balance |
| Overdraft fee | $36 | $35 |
| ATMs | ~1,900 | 11,000+ |
| Branches | 1,250 (15 Southern states) | 4,700 (nationwide) |
| Savings APY | 0.01% | 0.15% |
Regions wins on fee waiver ease. Wells Fargo wins on ATM network and national branch coverage. Wells Fargo’s 0.15% savings rate is still not competitive, but it does exceed Regions’ 0.01%.
Who Regions Bank Is Best For
- Alabama, Mississippi, Louisiana, Tennessee, and Florida residents with Regions branch access
- Those with regular direct deposit who can easily waive the LifeGreen fee
- Customers who want a regional bank with Southern roots rather than a national mega-bank
- Anyone willing to pair Regions checking with an external HYSA for savings
See also: Regions checking account | Regions savings account | Regions routing number | Regions vs. Wells Fargo
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