Regions Bank provides various checking account options to meet different customer needs. The fees associated with opening and maintaining a checking account vary depending on the account type.
Key Facts
- The minimum opening deposit amount for a Regions checking account is $50.
- The minimum opening deposit amount for opening a LifeGreen Savings Account is $50 (or $5 if you set up a monthly automatic savings transfer from a Regions checking account).
- Regions Bank offers different types of checking accounts with varying monthly fees and fee waiver options.
- Regions Now Checking is a checking account option that has a monthly fee of $5, which cannot be waived.
- Other checking account options, such as LifeGreen Checking, LifeGreen Preferred Checking, LifeGreen eAccess Account, 62+ LifeGreen Checking, and LifeGreen Checking for Students, have different fee structures and ways to waive the monthly fee.
Account Types and Fees
LifeGreen Checking
- Monthly fee: $0 with a monthly direct deposit of at least $500 or $8 with online statements or $11 with paper statements.
LifeGreen Preferred Checking
- Monthly fee: $0 with an average monthly balance of $5,000 or $18 otherwise.
Regions Now Checking
- Monthly fee: $5 (cannot be waived).
LifeGreen eAccess Account
- Monthly fee: $0 with at least 10 Regions debit card and/or credit card purchases or $8 otherwise.
62+ LifeGreen Checking
- Monthly fee: $0 with a monthly direct deposit of at least $300 or $8 with online statements or $11 with paper statements.
LifeGreen Checking for Students
- Monthly fee: $0 (if 25 years old or younger).
Minimum Opening Deposit
The minimum opening deposit amount for a Regions checking account is $50. However, for a LifeGreen Savings Account, the minimum opening deposit is $50 (or $5 with an automatic monthly savings transfer from a Regions checking account).
Fee Waiver Options
Most Regions checking accounts offer fee waiver options. For example, the LifeGreen Checking account’s monthly fee can be waived with a direct deposit of at least $500, while the LifeGreen eAccess Account’s fee can be waived with at least 10 Regions debit or credit card purchases.
Conclusion
Regions Bank offers a range of checking account options with varying fees and fee waiver options. Customers can choose the account that best suits their needs and financial situation.
Sources
- Open a Bank Account Online | Online Bank Accounts | Regions Bank
- Regions Now Checking | Bank On Certified | Regions Bank
- Personal checking accounts | Open a checking account online | Regions Bank
FAQs
How much is the minimum opening deposit for a Regions checking account?
**Answer:** $50
What is the monthly fee for Regions Now Checking?
**Answer:** $5 (cannot be waived)
How can I waive the monthly fee for LifeGreen Checking?
**Answer:** By maintaining a monthly direct deposit of at least $500
What is the minimum opening deposit for a LifeGreen Savings Account?
**Answer:** $50 (or $5 with an automatic monthly savings transfer from a Regions checking account)
Does Regions Bank offer any checking accounts with no monthly fee?
**Answer:** Yes, Regions Now Checking for Students has no monthly fee for customers 25 years old or younger.
How can I waive the monthly fee for LifeGreen eAccess Account?
**Answer:** By making at least 10 Regions debit or credit card purchases per month
What is the monthly fee for LifeGreen Preferred Checking?
**Answer:** $18 (can be waived with an average monthly balance of $5,000)
Does Regions Bank offer any senior checking accounts?
**Answer:** Yes, 62+ LifeGreen Checking offers a reduced monthly fee for customers 62 years old or older.