Posted by William Charles on January 6, 2016
Bank Account Bonuses

Published on January 6th, 2016 | by William Charles

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Regions Bank $250 Checking Promotion [Atlanta, Miami, Orlando, Tampa, Nashville, Dallas, Houston, Austin]

Offer at a glance

  • Maximum bonus amount: $200 
  • Availability: Atlanta, GA, Miami, FL, Orlando, FL, Tampa, FL, 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: None listed

The Offer

Direct link to offer

  • Receive a sign up bonus of $200 when you open a Life Green Checking account with the promotional code 200DIG and complete the following requirements:
    • Make ten purchases with your Visa Check Card
    • Make $500 or more in qualifying direct deposits

regions 250 bank bonus

The Fine Print

  • Does not apply if you have or had a Regions checking account on or after August 1, 2015
  • To earn this bonus, you must meet all requirements of the offer described within 60 days of opening your new account
  • 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
  • $200 bonus offer may not be combined with any other offer

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.

$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

Our Verdict

Regions Bank has offered a $350 bonus for most of these targeted areas in the past, although some of them have only had the $250 bonus. They also offered a $165 bonus in the past as well. This is a pretty good bonus and looks like it can be churned as long as you didn’t have an account open on or after August 1st, 2015. We haven’t added it to our list of the best bank bonuses, due to their being a better $350 bonus in the past that might come back – but this is still a very good bonus for those that missed out last time.

We will add it to our bank bonus database, that can be found here.

Hat tip to reader @aNomAli_



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Amanda
Amanda

I got both the bonus and $50 referral bonus, so I know it worked. For the referral bonus, you can use my link below which takes you to the form to fill out. Thanks! Amanda

http://bit.ly/1MSF2Yx

Alan
Alan

Regions online application still ‘recognizes me” as a prior customer – even though my accounts are closed and I have not been a customer with them in over a year …. says I must login (which I cannot do as my accounts and logins are closed) .. called in and the said – they could open it in a bank or maybe over the phone…. and manually add the promo…. YMMV but know that the online application remembers prior accounts…

Adam

yeah buddy, shoutouts to my brother in the hat tip.

nice write up DoC! this is tempting to pull the trigger on, as finally a geo-limited bank offer includes my area. but feel like I should wait for the sweeter $350 come up.

otoh, CC funding & simple ACH seem gravy w/this bank. dunno what to do, cause all that could change anytime.

trackback

[…] Regions Bank $250 Checking Promotion [Atlanta, Miami, Orlando, Tampa, Nashville, Dallas, Houston, Au… […]

payyoutuesday
payyoutuesday

Tried to fund accounts with $1,000 to checking and $1,000 to savings using CSP (cash advance set to $20). Card declined.

Minh Nguyen
Minh Nguyen

Data point: Idiot banker at branch enrolled me into overdraft protection even though I said to opt-out, so I received a hard pull. Tried to fund $1000 to checking and savings, and both got declined. They would not even take debit card to open account only cash.

M
M

When you said “both got declined”, did you mean they “ran your credit card twice for $1,000 each and both transactions were declined” or “they did not take credit cards for initial funding in-branch, cash only”?

Minh Nguyen
Minh Nguyen

My cash advance limit was set to $750 so when they swiped my card the CC card was declined. After which I attempted to fund account with a debit card, but apparently they could not process my debit card. They told me to go to an ATM.

Jason
Jason

If I don’t live in the area, but are traveling to one of the areas that have a branch, can I go in branch and still qualify for the bonus?

Primo
Primo

Just received my $200 bonus. No sign of the $50 referral bonus, though.

payyoutuesday
payyoutuesday

Used Discover Checking ACH for direct deposit. Received the bonus.

Stephen
Stephen

Did your transfer code as P2P or PPD?

Joseph
Joseph

This is my first attempt at a bank account bonus with Doctor of Credit. Amanda, I’m sorry I didn’t see your post earlier or I would have given you a referral. I opened my Lifegreen checking account on Feb. 26th so I’m still early in the process. I put the minimum of $50 into my checking account and $1 into my savings account. I learned that I only have to make 10 debit card transactions a month to avoid any monthly service fees for the checking account, so that will be easy. I’m going to use online bill pay with my other bank and hope this will suffice as a direct deposit into Regions bank.

payyouwednesday
payyouwednesday

Used Capital One 360 ACH for direct deposit. Received the bonus.

AE
AE

Regions Bank is so great to work with – they keep their word and credit as expected – really enjoyed this banking process.

Steve
Steve

The following link stacks with the $250 bonus and gets you another $50 bonus (as a gift card).
I received the $250 bonus a month ago, and an additional $50 gift card today.
I filled out the form after opening the account.
I keep good notes, this is the link that worked for me:

http://bit.ly/1nTn8ke

Mike
Mike

Those you have received the bonus, can you comment on how long after you completed the requirement for bonus to post?

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