Offer at a glance
- Maximum bonus amount: $200 + $50 Referral
- Availability: Atlanta, GA, Jacksonville, FL, Miami, FL, Orlando, FL, Tampa, FL, New Orleans, LA, Indianapolis, IN, Charlotte, NC, Raleigh-Durham, NC, Nashville, TN, Dallas, TX, Houston, TX, and Austin, TX
- Direct deposit required: $500+
- Additional requirements: 10 checkcard purchases
- Hard/soft pull: Soft
- Credit card funding: Up to $1,000 (and another $1,000 when you open a free savings account)
- Monthly fees:
- Early account termination fee: $25 if closed within 180 days, plus account must be open at time of bonus posting
- Expiration date: June 30th, 2016
Contents
The Offer
- Receive a sign up bonus of $200 when you open a new Regions checking account with the promotional code ‘200SOC’ and complete the following requirements within 60 days of account opening:
- Make ten purchases with Visa checkcard
- Make a qualifying direct deposit of at least $500
$50 Referral Bonus
There is a $50 referral bonus, but both the $200 bonus and $50 bonus say that offers cannot be combined. In previous promotions people were able to get this added to their offer regardless. I’d recommend reading the comments on this post for more information. I’d recommend opening the account first with the $200 bonus and then adding the referral information later, although there is still some risk
The Fine Print
- Offer valid in select markets only; including Atlanta, GA, Jacksonville, FL, Miami, FL, Orlando, FL, Tampa, FL, New Orleans, LA, Indianapolis, IN, Charlotte, NC, Raleigh-Durham, NC, Nashville, TN, Dallas, TX, Houston, TX, and Austin, TX
- The offer is available only to the person who has registered and is non-transferable [I assume you register by opening online with the promotional code or getting them to send you the code for an in branch offer]
- $200 bonus offer may not be combined with any other offer, does not apply if you have or had a Regions checking account on or after August 1, 2015, only applies to personal LifeGreen checking accounts, and may be withdrawn at any time without notice
- If earned, the bonus will be issued within 120 days of meeting these requirements, and will be in the form of a credit to the new checking account, which must be open at the time the credit is issued
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
LifeGreen Checking $8-$10 Monthly Fee
This account can have it’s monthly fee removed if you do any of the following:
- Have an average monthly balance of $1,500 or more
- Receive a single qualifying direct deposit of $500 or more per cycle
- Receive cumulative direct deposits of $1,000 or more per cycle
Early Account Termination Fee
There is a $25 early account termination fee if the account is closed within 120 days, it’s also necessary that the account stays open for the bonus to post.
Our Verdict
There is another $200 + $50 bonus being offered by Regions, for slightly different areas. They have offered a $350 bonus in the past, because of that I’m not adding this to our list of the best bank bonuses as the $350 bonus might come back. That being said this $250 bonus is still pretty attractive and worth considering.
Big thanks to reader, Evolum82 who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
