Regions Bank $250 Checking Promotion [Atlanta, Miami, Orlando, Tampa, Nashville, Dallas, Houston, Austin]

Offer at a glance

• Maximum bonus amount: $200 
• Availability: Atlanta, GA, Miami, FL, Orlando, FL, Tampa, FL, Nashville, TN, Dallas, TX, Houston, TX and Austin, TX
• Direct deposit required: $500+
• Additional requirements: 10 checkcard purchases
• Hard/soft pull:  Soft
• Credit card funding: Up to $1,000 (and another $1,000 when you open a free savings account)
• Monthly fees:
• Early account termination fee: $25 if closed within 180 days, plus account must be open at time of bonus posting
• Expiration date: None listed

The Offer

Direct link to offer

• Receive a sign up bonus of $200 when you open a Life Green Checking account with the promotional code 200DIG and complete the following requirements:
  • Make ten purchases with your Visa Check Card
  • Make $500 or more in qualifying direct deposits

The Fine Print

• Does not apply if you have or had a Regions checking account on or after August 1, 2015
• To earn this bonus, you must meet all requirements of the offer described within 60 days of opening your new account
• If earned, the bonus will be issued within 120 days of meeting these requirements, and will be in the form of a credit to the new checking account, which must be open at the time the credit is issued
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
• $200 bonus offer may not be combined with any other offer

Avoiding Fees

LifeGreen Checking $8-$10 Monthly Fee

This account can have it’s monthly fee removed if you do any of the following:

• Have an average monthly balance of $1,500 or more
• Receive a single qualifying direct deposit of $500 or more per cycle
• Receive cumulative direct deposits of $1,000 or more per cycle

Early Account Termination Fee

There is a $25 early account termination fee if the account is closed within 120 days, it’s also necessary that the account stays open for the bonus to post.

$50 Referral Bonus

There is a $50 referral bonus, but both the $200 bonus and $50 bonus say that offers cannot be combined. In previous promotions people were able to get this added to their offer regardless. I’d recommend reading the comments on this post for more information. I’d recommend opening the account first with the $200 bonus and then adding the referral information later, although there is still some risk

Our Verdict

Regions Bank has offered a $350 bonus for most of these targeted areas in the past, although some of them have only had the $250 bonus. They also offered a $165 bonus in the past as well. This is a pretty good bonus and looks like it can be churned as long as you didn’t have an account open on or after August 1st, 2015. We haven’t added it to our list of the best bank bonuses, due to their being a better $350 bonus in the past that might come back – but this is still a very good bonus for those that missed out last time.

We will add it to our bank bonus database, that can be found here.

Hat tip to reader @aNomAli_