Regions Bank Monthly Fee Options for Low-Cost Banking

Regions Bank offers several monthly fee options for customers looking for low-cost banking. One option is the Regions Essential Checking account, which has no monthly maintenance fee.

This account requires a minimum daily balance of $1,500 or an average monthly balance of $1,500 to avoid the $10 monthly fee. Regions also offers a student checking account with no monthly maintenance fee for students under 24 years old.

To qualify for the student checking account, students must provide a valid student ID and maintain a valid .edu email address. This account also offers free online banking and bill pay, as well as access to over 13,000 ATMs nationwide.

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To avoid a monthly fee, you'll want to meet certain requirements. One way to do this is by maintaining an average monthly balance of $10,000.

You can also avoid the fee by combining balances of $30,000 in related non-personal accounts, or by making at least $2,500 in Regions Business Visa CheckCard and/or Business Credit Card purchases. Regions Merchant Services transactions and using Regions Quick Deposit also qualify.

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Here's a breakdown of the requirements to avoid a monthly fee:

If you can't meet these requirements, you'll be charged a monthly fee of $25. However, if you maintain a monthly average balance of $5,000, the fee is reduced to $15.

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To avoid monthly fees, you need to meet certain conditions. Maintaining an average monthly balance of $10,000 is one way to waive the $25 monthly fee.

You can also meet the waiver requirement by combining balances of $30,000 in related non-personal accounts. This is a great option if you have multiple accounts with Regions.

Making at least $2,500 in Regions Business Visa CheckCard and/or Business Credit Card purchases is another way to avoid the fee. This is a good option if you use your business credit card frequently.

Using Regions Merchant Services or making at least one deposit to your account using Regions Quick Deposit can also help you avoid the fee. These options are convenient and can help you save money.

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Here are the options to avoid the $25 monthly fee:

Alternatively, maintaining a monthly average balance of $5,000 can help you avoid a $15 monthly fee. This is a good option if you can't meet the higher balance requirement.

You can also avoid a $12 monthly fee by maintaining an average monthly statement balance of $500, making at least $1,000 in Regions Visa Business Debit Card and/or Visa Business Credit Card purchases, or using Regions Merchant Services.

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Life can be unpredictable, and sometimes our accounts can get low. No overdraft fees can be a huge relief.

Regions Now Checking offers a benefit that's hard to find elsewhere: no overdraft fees. This means you can breathe a little easier when unexpected expenses pop up.

If you're used to worrying about overdraft fees, you know how stressful it can be. But with Regions Now Checking, you can avoid those worries.

You'll never have to worry about being charged for going over your balance with Regions Now Checking.

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Regions Bank's Low-Cost Account is a basic, low-fee savings account that helps you build your nest egg for the future. You can avoid the monthly fee by maintaining a $300 minimum daily balance.

To open this account, you'll need to make a $50 minimum opening deposit.

If you're looking for a basic savings account that won't break the bank, Regions Savings is a great option. It's a low-fee account designed to help you build your nest egg for the future.

To open a Regions Savings account, you'll need to make a $50 minimum opening deposit. You can do this easily online or in person at a Regions Bank branch.

One of the best things about Regions Savings is that you can avoid the monthly fee by maintaining a $300 minimum daily balance. This means you can keep your savings growing without worrying about extra charges.

Keeping a $300 minimum daily balance is definitely doable, especially if you're used to managing your finances carefully.

Regions Bank's new checking account, Regions Now Checking, carries no overdraft or nonsufficient funds (NSF) fees, a bold move that shows the bank is listening to customer demands.

This account comes with a $5 monthly fee, but it can be linked to other Regions bank accounts to offer fee-free overdraft coverage to those accounts as well.

According to a June 2020 study, overdraft and NSF fees accounted for 17.7% of Regions' non-interest income, making it the fifth most reliant on such fees by that metric.

Regions' strategy of offering an overdraft-free account with a monthly fee is a middle-of-the-road approach that helps cover lost fee revenue while easing customers' minds.

This approach is similar to TD Bank's Essential Banking account, which costs $4.95 per month and doesn't allow most overdrafts, charging no fees on those that occur.

By offering an overdraft-free account, Regions is showing that it's possible to balance profitability with customer demand, a trend that's gaining momentum in the banking industry.

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Regions' new account is a no-brainer option for customers who want to avoid overdraft fees, while also providing the bank with a way to mitigate the blow to its bottom line from reducing overdraft revenue.

Here are some key features of Regions Now Checking: