Regions

Regions Background

Regions Financial Corporation functions in ten states across the south, Midwest and Texas. It has assets of $122 billion, and is, according to its web site, “one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products and services.

Four small business-oriented checking accounts

1. LifeGreen Business Simple Checking
2. LifeGreen Business Checking
3. Advantage Business Checking
4. Business Interest Checking

Regions offers a complex array of services at varied prices with different requirements to minimize of avoid monthly service fees. One plan – LifeGreen Business Checking – Another, the Simple Checking option, is intended to be used by “small, start-up businesses with limited transaction needs”. The Advantage program is for entities with “moderate to high transaction volume”.

The company also offers a banking program for nonprofits, an Advantage version for entities with “moderate to high transaction, have Treasury Management needs and [who] value flat pricing for services”. Additionally, there’s a Business Analyzed Checking service.

Minimum deposits for accounts is $100. The varying fees are competitive with other banks serving small businesses.

Regions offers mobile deposit, text banking and other on-the-go options.

A program called Check 21 is said to offer “improved access to online to check images and imaged statements.

Another program offers Visa cards for small business clients.

Customer Review

“Regions is local for me, and I always get a warm greeting when I visit my branch. I’m comfortable with the online services, and I’m using them increasingly. Simple small businesses with access to Regions should take a close look at them.” -Sally W.