Posted by William Charles on May 23, 2016
Bank Account Bonuses

Published on May 23rd, 2016 | by William Charles

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[GA, FL, LA, IN, NC, TN & TX Only] Regions $200 + $50 Checking Bonus

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

The Offer

Direct link to 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

regions bank

$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a Regions checking account on or after August 1, 2015, only applies to personal LifeGreen checking accounts, and may be withdrawn at any time without notice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:



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Dollar Wells
Dollar Wells

I think you can open the easer iced account which has fewer requirements to stay few free, no? Language says any of the Lifegreen accounts work, right?

Dollar Wells
Dollar Wells

Damn you auto correct. Above comment meant to read eServices account.

Matt
Matt

Effing finally, something for Lousiana. Thanks DoC.

Steve
Steve

After I opened the account, I used the following link for the extra $50 gift card.
I received the checking bonus, and then a few weeks later the $50 gift card in the mail.
Here is the link:
http://bit.ly/1nTn8ke

Editor note: This is the standard referral bonus.

William
William

Do you have to live in these cities to get the bonus?

grateful
grateful

I did this the last time they offered this bonus and was really pleased and impressed that the bonus posted 6 days after meeting the requirements, which was 6-1/2 weeks after opening the account.

PeaceandPost
PeaceandPost

A really bizarre thing happened when I opened this account for my wife last week. Right after opening I set up online banking and noticed that there were two checking accounts in the online login. I secure messaged regions to have them close the unnecessary one and keep the one open that has the bonus promo code attached to it but the rep said that the bonus was attached to the second account so I was ineligible for the bonus because there was already an open account beforehand! This other account was somehow accidentally created by their system. And now I see in the T and C’s that there is a $25 fee for closing within 180 days regardless if the account receives a bonus or not.

When I did this bonus for myself the bonus posted within a week of meeting the requirements so I think I’m gonna meet the requirements for the second account and hope the bonus posts. If it doesn’t then I may take it up with customer service but honestly I might not cuz I hate dealing with things in my wife’s name over the phone.

Any advice/insight?

Thanks.

Todd
Todd

This happened to me as well. The first time I called to try and cancel the second account I was told it had to be done in branch. I called back the next day and got a CSR who was able to close the account and she told me the early termination fee would be waived because it wasn’t my fault.

PeaceandPost
PeaceandPost

Ah well that’s good. And they were able to confirm that the bonus was attached to the account that was staying open?

Todd
Todd

Yep, confirmed that via SM a few days ago

Jon
Jon

Any more recent datapoints on what qualifies as a DD? The datapoints on the DD page are several years old.

Nate
Nate

They are pretty lenient. I got the bonus on my account and all I did was transfer from Ally Bank and Citi Bank. My statement shows

CITIBANK XFER P2P
ALLY BANK P2P

Singh
Singh

Do u know if ACH from Discover/Citi will post as DD? Thanks

chasejuggler
chasejuggler

I have a Citi DoubleCash, but my girlfriend does not.

Can I fund her accounts with it, or are they going to freak out since the card doesn’t have her name on it?

Dale
Dale

Data point:

Tried funding new checking and savings account with my CSP ($1000 checking, $700 savings). CA limit is $1740. Card was declined.

Tried again, this time with a Chase Ink ($900 checking, $50 savings, $1000 CA limit). Card was also declined.

Dale
Dale

EDIT: Just checked my phone. Chase had sent me a fraud text. Sigh.

Occy
Occy

Can you fund with Amex?

Dan il
Dan il

Well no luck with just living close to a location. The signup form wouldn’t accept my zipcode. I live about an hour away from Raleigh-NC.

Charly Chang
Charly Chang

Regions LifeGreen Checking Application

Due to a technical problem, we are unable to complete your application at this time. We apologize for the inconvenience. Please try again later.

Chris
Chris

I just had the same issue

scott
scott

I just opened an account and funded it with $1,000 from my Citi Hilton card with no problem.

Jeff
Jeff

Did you receive an e-mail right afterwards, and were you able to access your online account immediately? I also used a CitiHilton, and it has registered as a $1000 purchase online, but I didn’t receive any confirmation from Regions and I wasn’t able to access my online account after setup was done, even though there was the step to set it up. Same thing happened to my SO right after. Very odd.

Jeff
Jeff

Nevermind. Took about 2 hours then got an e-mail overnight. Everything went through just fine and it looks like my Citi HHonors card coded as a purchase. I live very close to the Raleigh-Durham area (within the triangle).

Kevin
Kevin

Anyone else get this message?

“At this time, we are unable to proceed with this application. Please contact 1-800-4PC-BANK (1-800-472-2265) or visit a Regions Branch near you”

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