Regions Bank vs Wells Fargo: Which is Better? (2024)

Regions Bank is a south and Midwest bank with special reward programs. How does it compare to Wells Fargo? Read our comparison chart below.

Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

While Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

Compare Regions Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Regions Bank	Wells Fargo
	SPECIAL OFFER Personal Checking Account - $300 Bonus - Learn MoreRead Regions Bank Review	SPECIAL OFFER Personal Checking Account - $2,500 Bonus - Learn MoreRead Wells Fargo Review
	Benefits and Features
Savings	0.01% APY	0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.
CD	0.01% APY (Up to 4.75% APY for Promotional Relationship)	Standard Fixed Term CD available online: 1.50% to 2.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. More CD terms are available in branch.
Checking		Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Money Market		Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship.
ATMs	More than 1900 ATMs in 15 Southern and Midwestern US states.	approximately 11,000 ATMs across the country
Customer Service	24/7 Telephone Customer Service	Available 24 hours a day, 7 days a week.
IRA CD		Standard Term CD: 0.01% to 2.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market		Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit.
Locations	More than 1500 branches in 16 Southern and Midwestern US states.	Approximately 4,700 retail banking branches coast to coast.
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: $50 to open checking account Relationship Rewards program LifeGreen Savings annual bonus Cons: No free checking option Limited branches Low savings APY	Pros: Low requirements for Everyday Checking Full service bank 24/7 customer service Cons: Low savings rates Not in all states
Bottom Line	South and Midwest bank with special reward programs... Read full review	A "big 4" bank with a good range of checking accounts and full services... Read full review
	Personal Checking Account - $300 Bonus LifeGreen Business Simple Checking® LifeGreen Business Checking®	Personal Checking Account - $2,500 Bonus Savings Account - $525 Bonus Personal Checking Account - $325 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Regions Bank: Pricing information from published website as of 08/07/2024 based on 35203 zip code. Wells Fargo: Pricing information from the published website as of 08/07/2024 is based on the 91101 zip code.

Which is Better: Regions Bank or Wells Fargo?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Regions Bank or Bank of America.

In short: Regions Bank's savings is notable. Wells Fargo's checking, mobile app, and customer service are worth mentioning. In particular, the mobile app is impressive.

Articles on Regions Bank

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