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Regions Bank Announces New Steps to Reduce Overdraft Charges, Eliminate Non-Sufficient Funds Fees


Regions Bank on Wednesday announced the latest steps in the company's long-term commitment to making banking easier while equipping customers with a growing range of financial tools, insights, and services to help them manage their accounts.

WHAT'S NEW

Changes going into effect will include:

"The changes we are announcing today complement many additional services and enhancements we have delivered in recent years, including the launch of the Regions Now Checking account with no overdraft fees, as well as improved account alerts, our enhanced time-order posting process, our constantly updated library of free financial wellness content, and more," said Scott Peters, head of the Consumer Banking group for Regions Bank. "We succeed when our customers and communities succeed. That is our focus, and our commitment, every day."

CONTINUED CUSTOMER SUPPORT

Changes taking effect in 2022 are a continuation of several initiatives designed to help people and businesses build financial success. Among examples:

Helpful Advice; Additional Solutions

Easier Account Management

NO-COST FINANCIAL WELLNESS

Regions Next Step® is the bank's free financial education program that serves people of all ages and businesses of all sizes, regardless of whether they bank with Regions. Through a combination of in-person and virtual events, along with a frequently updated library of online content, Regions makes timely money-management resources and information available to the public. Key milestones for financial wellness in 2021 include:

Supporting financial wellness is also a vital component of Regions' Community Engagement strategy with examples across the Regions footprint of how the bank and its community partners have helped people build their savings, improve their credit scores, achieve homeownership, strengthen their small businesses, and more.

MOVING FORWARD

From ongoing digital enhancements, to delivering an optimal branch-banking experience, to providing practical financial wellness tools, Regions will continue to build on ways the company offers a positive and beneficial customer experience. Customers are encouraged to speak with Regions' bankers one-on-one to share their financial goals and leverage the insights of the company's experienced banking teams, who can help people and businesses craft a tailored plan toward making their goals a reality.

1Personal accounts include Private Wealth Management accounts, as well as all other non-business accounts.
2Early availability will be dependent on the employer sending its direct deposit data at least one to two days prior to the regular pay day.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $156 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and approximately 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Forward-Looking Statements

This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which reflect Regions' current views with respect to future events and financial performance. The words "future," "anticipates," "assumes," "intends," "plans," "seeks," "believes," "predicts," "potential," "objective," "estimates," "expects," "targets," "projects," "outlook," "forecast," "would," "will," "may," "might," "could," "should," "can," and similar expressions often signify forward-looking statements. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results, or other developments. Forward-looking statements are based on management's expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made, and are subject to various known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from the views, beliefs, and projections expressed in such statements. Factors that could cause actual results to differ from those described in forward-looking statements include those risks identified in Regions' Annual Report on Form 10-K for the year ended December 31, 2020, and our subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. We assume no obligation to update or revise any forward-looking statements that are made from time to time.



News published on 19 january 2022 at 09:10 and distributed by: