In order to open this account, youâ€™ll need to meet a few requirements:
If you can meet those criteria, you can earn slightly higher rates than with Regions Bankâ€™s standard Money Market account. In order to waive the monthly fee, youâ€™ll either need to have an active LifeGreen Checking account, or keep at least $15,000 in your money market account (which, coincidentally, is also the minimum opening deposit). Other than that, this account works very similarly.
If you go over six transactions out of the account each month (not including ATM or in-person withdrawals), youâ€™ll face a $15 per-item excessive transaction fee. If you do this enough times, Regions Bank might change your account type to one that allows more frequent transactions.
You get a 50% discount on a safe deposit box with this account, as well as free basic monthly paper statements if you choose. If you want â€śdeluxe check imagesâ€ť with your paper statement, youâ€™ll need to pay another $5 monthly fee.
Unfortunately, you are not able to open this account online. Youâ€™ll either need to visit a local branch in person, or make an appointment over the phone to open this account.