Newest Regions Bank Promotions, Bonuses, Offers and Coupons: February 2023
Regions Bank, which boasts operations throughout the South and Midwest, might not have the name recognition of some of the country’s leading national banks, but its parent corporation is big enough to earn a spot on the S&P 500.
Like many banks, Regions Bank offers promotions from time to time to lure new business. Banks want you to be a customer and are willing to pay — sometimes hundreds — when you open an account.
GOBankingRates selected these Regions Bank bonuses because they’re easy to earn and can add up to a decent payout. If you’re ready to earn some extra cash, take a closer look at what Regions Bank has to offer.
Savings Account Promotions
The bank is currently offering promotions for two different savings accounts. If that’s music to your ears, keep reading.
Regions LifeGreen Savings: Up To $100 Bonus
The Regions LifeGreen Savings account complements a Regions checking account. Open an account at a local branch or online. No monthly fees or minimum balance requirements apply, and the available annual savings bonus can provide a nice boost to your balance. Here’s how:
- Cash value: Up to $100
- Minimum deposit to qualify: $100
- Expiration date: None
- How to get it: Set up an automatic funds transfer of at least $10 per month from your Regions checking account to your LifeGreen Savings account for at least 10 out of 12 months to qualify for the 1% annual savings bonus.
- When you’ll get it: By the second business day of the month following the account anniversary month
- Terms and conditions: You must schedule recurring transfers of at least $10 monthly from your Regions checking account. The savings account must be open on the date the bonus is paid.
- Monthly fee: None
- Promotion page: Regions LifeGreen Savings bonus offer
Regions Now Savings: Up To $112 Bonus
The Regions Now Savings account is available for holders of the Regions Now card. There is no required minimum balance and no monthly fee, and it offers both an annual and a monthly bonus. Here are the details:
- Cash value: Up to $112 per year
- Minimum deposit to qualify: $5
- Expiration date: None
- How to get it: For the monthly bonus, deposit at least $5 into your Regions Now Savings account and make no withdrawals in the same month for a $1 credit to the account per month. For the annual bonus, deposit at least $5 monthly every month for the year, beginning with the month in which the account was opened, for a bonus equal to 1% of your account balance, up to $100.
- When you’ll get it: The monthly bonus will be credited by the second business day of the month following the month in which the bonus was earned. The annual savings bonus will be credited by the second business day of the month following the account anniversary month.
- Terms and conditions: The account must be open on the date the bonus is paid.
- Monthly fee: None
- Promotion page: Regions Now Savings bonus offer
Credit Card Promotions
Three of the bank’s credit cards currently have new member bonuses worth considering.
Regions Cash Rewards Visa Signature Credit Card: Up To $200 Bonus
With the Regions Cash Rewards Visa Signature credit card, you can earn 1.5% cash rewards on all purchases. The card also comes with an introductory 0% APR for 12 months on purchases and balance transfers, then an APR. Plus, you can earn a bonus worth up to $200 just by using the card. Here are the details:
- Cash value: Up to $200
- Minimum spend to qualify: $500
- Expiration date: None
- How to get it: Use the Cash Rewards Visa Signature credit card to make $500 or more in qualifying purchases within 90 days of account opening to earn a $100 bonus. Spend $1,000 to earn a $200 bonus.
- When you’ll get it: Cash rewards are available in $25 increments, up to $500 per redemption, and are credited to your account within 10 business days after you make a qualifying purchase.
- Terms and conditions: Balance transfers, cash advances, and items that can be traded for cash — like money orders or lottery tickets — and returned purchases do not count as qualifying purchases for the rewards bonus.
- Annual fee: $0
- Promotion page: Regions Cash Rewards Visa Signature bonus offer
Regions Premium Visa Signature Credit Card: 30,000 Bonus Points
Regions Bank’s Premium Visa Signature credit card does more than earn rewards points. It also comes with features like Tap to Pay, Visa Signature concierge service and Visa Signature perks. The card features a 0% introductory APR for the first 12 months, and then an APR. The card offers the opportunity to earn 30,000 bonus points, redeemable for cash, travel, gift cards or merchandise. Here’s how:
- Cash value: $300
- Minimum spend to qualify: $2,000
- Expiration date: None
- How to get it: Use the Premium Visa Signature credit card to make at least $2,000 in purchases within 90 days of account opening.
- Terms and conditions: Qualifying purchases do not include wire transfers, money orders, lottery tickets, fees or interest charges.
- Annual fee: $125
- Promotion page: Regions Premium Visa Signature bonus offer
Regions Prestige Visa Signature Credit Card: Up To 20,000 Bonus Points
The Regions Prestige Visa Signature card offers 3 points for every dollar you spend on entertainment or dining, 2 points at grocery stores and on gas, and 1 point per dollar for everything else.
Like the Premium card, it offers Visa Signature perks and Tap to Pay. It comes with a 0% introductory APR for the first 12 months, and following that, a APR. It also offers 20,000 bonus points that can be redeemed for travel, gift cards, merchandise or cash if you meet the conditions. Here are the details:
- Cash value: Up to $200
- Minimum spend to qualify: $500
- Expiration date: None
- How to get it: Use the Prestige Visa Signature card to make at least $500 in purchases in the first 90 days after account opening for 10,000 points. Spending $1,000 will earn you 20,000 points.
- Terms and conditions: Returned items and purchases of items that can be traded for money — like lottery tickets, money orders and traveler’s checks — do not qualify.
- Annual fee: None
- Promotion page: Regions Prestige Visa Signature bonus offer
Referral Bonuses
Regions Bank has a referral program for both personal and business checking accounts.
Regions Personal Checking Refer-a-Friend Offer: Up To $500 in Visa Reward Cards
The best part of this Regions Bank promotion is that you can take advantage of it numerous times. To get started, all you have to do is be a current Regions customer and refer friends to Regions Bank. Get $50 per qualified referral — up to $500 per calendar year.
- Cash value: Up to $500 per year, $50 per qualified referral
- Minimum deposit to qualify: $300
- Expiration date: None
- How to get it: Register for the Refer-a-Friend program and share the email addresses of friends you want to refer via the Regions Bank referral link. The person you refer must accept the offer, open a qualifying checking account and meet the program requirements.
- How people you refer can get their bonus: Open a checking account, complete at least 10 Visa debit card purchases, receive at least one ACH direct deposit of $300 or more and sign up for online statements, all within 60 days of opening the account.
- When you’ll get it: Within 120 days after requirements are met
- Terms and conditions: The offer is open to customers 18 and older. New accounts must be open and in good standing. The email used to open the account must match the referral email and must remain valid until fulfillment.
- Monthly fee: Depends on chosen checking account
- Promotion page: Regions Refer-a-Friend bonus offer
Regions Business Checking Refer-a-Friend Offer: Up To $500 in Visa Reward Cards
A successful business checking referral to Regions Bank comes with a $50 bonus for you and a $150 bonus for the referred business. Read on for the details:
- Cash value: Up to $500 per year for the referrer, $50 per qualified referral; $150 for the referred business
- Minimum deposit to qualify: None for the referral itself, but the new client must deposit $500 on the day the account is opened
- Expiration date: None
- How to get it: After you initiate the referral, the referred business has 90 days to sign up for a new business checking account. The business must deposit $500 on the day of opening. Within 60 days of opening the account, the business must make a purchase with the Visa Business debit card and sign up for e-statements. The account must remain open and enrolled in online statements for 60 days.
- When you’ll get it: Within 120 days of requirements being met
- Terms and conditions: The offer is open to customers 18 and older. New accounts must be open and in good standing. The email used to open the account must match the referral email and must remain valid until fulfillment.
- Monthly fee: None for the referral, but the business checking account may have fees, depending on the type of account
- Promotion page: Regions Refer-a-Friend bonus offer
How To Open a Regions Bank Account
You can open a Regions Bank account online or at a local branch. Here’s how:
- Gather the necessary documents. You will need the following information:
- Email address
- Social Security number
- Driver’s license, state-issued identification card, passport or military ID
- Click “Open an Account” on the bank’s website.
- Choose the account you want to open and click “Open Now.”
- Follow the prompts to complete the application and open the account.
Are Regions Bank Promotions Right for You?
Whether you’re a current customer or thinking about opening a new account, it might be worth your time to check out Regions Bank promotions. With access to your account through online banking, it’s unnecessary to live in the bank’s service area.
Plus, Regions Bank gives its customers a variety of competitive products and services to choose from, including deposit accounts, personal loans, home loans, credit cards and investment options. With all that Regions has to offer, it deserves to be a serious contender on the list of banks you’re considering.
Julia Gordon and Amber Barkley contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on promotions is accurate as of Feb. 10, 2023. Additional requirements may apply. Offers and terms are subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
This article has been updated with additional reporting since its original publication.
