Regions bank will nickel and dime you all they can.
My Husband and I recently stopped using them as our main bank because of the way their system is set up. If you have a direct deposit incoming along with other pending transactions, they will allow all pending transaction to post first allowing you to possibly go into the negative, charging you 36 dollars for every transaction. And have your direct deposit post the very same day.
Recently which was the final straw for me, I checked my account today to notice it was negative 44 dollars. My husband and I only use that account for redbox rentals and keep very little money in it. So there was 12 dollars in our account last night, we forgot about an automatic transfer to our savings account of 20.00 dollars , making our account negative 8 dollars, regions then proceeds with the NSF fee of 36.00, for a final amount of NEGATIVE 44 dollars. Called the main regions number to explain what happened and in the end, since it wasnt bank error they were only going to refund half. 18 dollars.
So I am just OUT another 18 dollars from this bank.... I dont understand why they even allowed it to go through in the first place being that it was from one of my accounts to another one.. Not an understand bank of mistakes in the slightest. ALSO since we no long use that account for direct deposit they are now charging 10 dollars a month as a user fee. WTH.
Regions Bank, in my opinion, seems like it deliberately does not list all of my transactions in the "Pending Transactions" just so it can have a reason to charge me an overdraft fee because I do not have an account with a significant amount of excess funds in it and hoped I could get a small amount of help until the next month with minimal fees. I also feel that someone thinks I am going to use the money they do not show as being deducted for new transactions. A situation has already arisen when I was charged NSF fees that I would not have been charged if the normal procedure the bank had been using since the account was opened had been used on that particular day. I was given a partial refund of the fees, but I was still out of $35.00 that I should not have been. Also, I was told that I was eligible for Standard Overdraft Protection, but all checks I wrote were returned. On top of that, they were returned a total of three (3) times costing me over $300 - again, a set of fees that should not have been. So, this bank is not on my good side, not that it really matters. And, it can never do anything that will change the way I feel. I have already stated to the BBB that I will never be satisfied with the bank's decision - and, I am still not satisfied, even after the partial refund.
I have been with Regions for, technically, over 20 years. I say technically as Regions bought out my hometown bank years ago. After 17 years at the same branch I moved to another city, within the same state. However, whenever I had an issue to deal with I would have to call my old hometown's branch, as the local branch did not hold my account. Eventually I had to close my account and reopen it at my local branch. Ridiculous if you ask me in this age..
Over the past few years the fees have gone up and up. I am not happy. But after an incident last week I am seriously thinking about changing banks. I wrote my landlady a check for our rent, which I usually pay in cash. Because my landlady does not have an account with Regions bank they charged her $20 to cash the check. So from now on I will have to include that fee in my rent payment.
Thanksgiving my husband cashed out one of his retirement funds. He received a Cashiers Check, so all he should have had to do was deposit it. But... now get this.... Regions Bank held the check for 7 (seven) days before depositing it into our account. Reason, and this is so stupid, since we normally do not make such large deposits they decided that they had to hold it for that long to make sure it was not gained illegally. A cashiers check from a huge national bank, but they had to hold it.
Another incident was our cable company tapping our bank account and several times taking out money without permission. While they admitted their wrong, we could not get Regions to block them from doing so over and over and over again. We proved our case beyond a shadow of a doubt with legal documentation, but Regions refused to do anything. Their recommendation, close account and open new one. Since my husband and I have direct deposit of our income, we would have all kinds of difficulty switching things around etc. Did Regions Bank care? Heck no.
We are looking around for a new bank as I type this. Regions has lost touch with its customers.