Regions Bank $300 Checking Bonus + $50 Referral

Regions Bank is offering a $300 bonus for opening a checking account and making a deposit! It’s quick, simple, and secure to open an account online using the promo code below. You can also do it in person at your local Regions Bank branch.

Regardless if you open an account online or in person, see the inside scoop on how to get this $300 bonus down below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Regions Bank $300 Checking Bonus Overview

Ninja Update: The promotion has been extended with an increased bonus amount of $300 (up from $200).

Regions is offering a $300 bonus when complete the following requirements:

  • Open a new Regions personal LifeGreen checking account with promo code RGSPRNG24RM online or register and present your personalized email voucher when you open your account at your local branch.
  • Enroll in Online Banking within 60 days of opening your account.
  • Make $1,000 in total deposits that post to your account within 60 days of account opening. Deposits must be new to Regions.

Your bonus will be deposited directly to your new checking account within 90 days of completing the above requirements.

Regions Bank $200 bonus
(Image from Regions Bank)

Who Qualifies For The Bonus?

You must live in one of the following 15 states to be eligible for the new checking bonus:

  • Alabama (AL)
  • Arkansas (AR)
  • Florida (FL)
  • Georgia (GA)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kentucky (KY)
  • Louisiana (LA)
  • Mississippi (MS)
  • Missouri (MO)
  • North Carolina (NC)
  • South Carolina (SC)
  • Tennessee (TN)
  • Texas (TX)

Along with residing in one of those states, the offer doesn’t apply if you have or had a personal Regions checking account or or after June 1, 2022.

Where Do I Enroll?

Direct Link

You can apply online directly via the link above. For those who want to apply in person, the offer page will also provide an option to register for a voucher you can print or show when you stop by your local branch.

What Are The Details?

Availability: AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN & TX
Expiration: 6/30/24
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: No
Hard/Soft Pull: Soft
Early Account Termination Fee: $25 if closed within 180 days

Avoiding Fees

Regions offers six different personal checking accounts all under their LifeGreen line. One requires you to be 62+ years old, another applies only to students, and a third has a monthly fee of $5 that can’t be waived.

That leaves three checking accounts below with monthly fees between $8 to $18 that can be waived. I recommend the LifeGreen eAccess checking account as it’s the easiest to waive the monthly fee:

LifeGreen eAccess Account:

The $8 monthly fee can be waived if you:

  • Make 10 or more Regions CheckCard purchases per statement cycle

LifeGreen Checking Account:

The $8 monthly fee can be waived if you:

  • Maintain an average monthly balance of $1,500 or more OR
  • Receive an ACH direct deposit of at least $500 single deposit of $1,000 combine deposit

LifeGreen Preferred Checking Account:

The $18 monthly fee can be waived if you:

  • Maintain an average monthly balance of $5,000 or more OR
  • Maintain a combined minimum deposit balance of $25,000 or more from all your Regions checking, savings, moneymarkets, CDs, and IRAs OR
  • Have certain qualifying first-lien home mortgage loans in good standing OR
  • Have a combined minimum of $25,000 or more in outstanding loan balances from all your Regions personal installment loans, lines of credit, equity lines of credit, equity loans, direct loans, and credit cards in good standing

Regions Bank Bonus Terms & Conditions

  • To open in-branch: Register before or at the time you open your checking account to be eligible. Present the personalized voucher emailed after registration was completed with your name and registered email address.
  • To open online: You must enter the promo code at the time you open your account online to be eligible for this offer. General: Email address used when opening your checking account must match the email address used when registering.
  • Offer valid in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas.
  • This offer is nontransferable, may not be combined with any other offer, and does not apply if you have or had an ownership interest in a personal Regions checking account on or after June 1, 2022.
  • When the credit is issued, new account and CheckCard must be open and have a positive balance.
  • Regions may report bonus value to the IRS as required by law; anyone whose tax status would require Regions to impose tax withholding is not eligible.
  • Regions associates are not eligible.
  • Deposit Accounts: All LifeGreen checking accounts require a $50 minimum opening deposit.

The Bottom Line

Regions has offered higher account opening bonuses in the past. I’ve seen offers as high as $450 before, but that was years ago.

It’s safe to say this $300 bonus may be the highest they’ll offer for the foreseeable future so it may be worth going for this one rather than holding your breath for an amount we haven’t seen since 2017.

There’s also a referral bonus you can receive in addition to this $300 bonus (bringing the total to $350). This has worked in the past, but it’s no guarantee to work this time.

I’ll add this to the list of the best bank bonuses.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Ed Santos
Ed Santos
2 years ago

Hello I just received my debit card and made online debit purchases, also completed direct deposit requirement . According to offer tracker I just need to wait 60 days to complete all requirements.

Heres my referral code for $50 for both you and me. And please do not forget to input offer code “GREEN2021” during application for the additional $200 bonus. Good luck!