What You Need to Open a Savings Account at Regions
Regions Bank lets you open a savings account in person at a branch, online through their website, or by phone. You will need a government-issued ID, your Social Security number, and an initial deposit. The amount required for that first deposit varies by account type — some Regions savings accounts have no minimum, while others require $100 or more. You can fund the account with a debit card, transfer from another bank, or cash if you open in person.
The entire process takes about 15 to 30 minutes in a branch, or 10 to 20 minutes online if you already have a Regions checking account. If you are opening your first account with Regions and doing it online, you may need to verify your identity through a video call or by uploading documents — this step can add a few hours to a few days depending on how quickly you respond.
Key Takeaways
- You can open a Regions savings account online, at a branch, or by phone using your ID, Social Security number, and an initial deposit.
- Online account opening is fastest if you already bank with Regions, but new customers may need to verify identity through video or document upload.
- Minimum opening deposits range from zero to $100 depending on which savings product you choose.
- Once your account is open, you can move money between your Regions accounts when ready through online banking or a branch visit.
Opening an Account Online
Go to the Regions Bank website and look for the "Open an Account" or "New Accounts" link, usually in the top navigation. Select "Savings Account" and choose which type of savings product fits your needs — Regions offers a basic savings account, a money market account, and accounts with higher interest rates if you maintain larger balances. The form will ask for your name, address, date of birth, Social Security number, employment information, and how you want to fund the account.
If you already have a Regions checking account, the system will recognize you and skip the identity verification step — your account opens when ready and you can start using it the same day. If you are a new customer, Regions will ask you to verify your identity, usually through a find video call with a representative or by uploading a photo of your ID and a recent utility bill or bank statement. This verification can happen within hours or may take up to two business days depending on when you submit your documents and how busy the verification team is.
Opening an Account at a Regions Branch
Find your nearest Regions branch using the branch locator on their website or by calling 1-800-regions (1-800-734-4667). Walk in during business hours with your government-issued ID, Social Security number, and the amount you want to deposit. A banker will walk you through a short form, answer questions about which savings account type makes sense for you, and process your deposit. You will leave with your account number and online banking access set up on the spot.
Bring a second form of ID if you have one — a passport, military ID, or driver's license plus a state ID card. If your address on your ID does not match your current address, bring a recent utility bill, lease, or mortgage statement showing your name and current address. This prevents delays and makes sure your account is set up correctly the first time.
Opening an Account by Phone
Call Regions at 1-800-regions (1-800-734-4667) and ask to open a savings account. A representative will verify your identity by asking security questions based on your credit history, then walk you through the account setup process. You will need to provide your Social Security number, address, employment information, and how you want to fund the account. The representative can arrange for your initial deposit to come from another bank account through an electronic transfer, which typically takes one to three business days to complete.
Phone opening is slower than online or in-person because everything happens verbally and the representative has to enter your information manually. However, it can be a good option if you have questions about which account type to choose or if you prefer talking to a person. Have your ID handy when you call so you can answer verification questions quickly.
What Happens After Your Account Opens
Once your savings account is active, you can log into Regions online banking or the mobile app to check your balance, set up automatic transfers, and manage your money. If you opened online and chose electronic transfer as your funding method, watch for the deposit to arrive within one to three business days. If you opened in person with cash or a debit card, the money is usually available when ready.
Regions will mail you a debit card for your savings account if you request one, though many people manage savings accounts entirely through online transfers and do not use a card. You can also set up automatic transfers from your checking account to your savings account on a schedule that works for you — weekly, monthly, or whenever you want. This is useful if you are trying to build savings consistently without having to remember to move money manually.
Minimum Balance and Monthly Fees
Regions savings accounts do not all have the same fee structure. Some accounts charge a monthly maintenance fee if your balance drops below a certain amount — often $100 or $500 depending on the account type. Others waive the fee if you maintain a minimum balance or if you have a may have access to checking account with Regions. A few Regions savings products have no monthly fee at all regardless of balance.
When you open your account, the banker or representative will tell you the specific fee terms for the account you chose. If you are opening online, this information appears in the account details before you confirm. Read this section carefully — if the fee structure does not work for your situation, you can choose a different savings product or ask whether a different account type would be better. You can also change account types later if your circumstances change.
Frequently Asked Questions
Can I open a Regions savings account if I do not have a checking account?
Yes. You can open a savings account as your first account with Regions. If you open online, you may need to verify your identity through video or document upload since the system cannot cross-reference an existing Regions account. Opening in person at a branch is faster in this situation because the banker can verify your ID on the spot.
What if I do not have a government-issued ID?
Regions requires a government-issued ID — a driver's license, passport, or state ID card. If you do not have one, you will need to obtain one before opening an account. Some states offer ID cards through the DMV even if you do not drive. Contact your local DMV to learn what documents you need to explore.
How much money do I have to deposit to open the account?
It depends on which Regions savings account you choose. Some have no minimum opening deposit, while others require $100 or more. The online form or the banker will tell you the minimum for the specific account type you selected. You can always deposit more than the minimum.
Can I open a savings account for someone else?
No. The person whose name is on the account must be present to verify their identity and sign the paperwork, whether you are opening in person, online, or by phone. If you want to open an account for a minor, a parent or legal guardian must be present and will be listed as the account owner or custodian.
How long does it take to start using my account?
If you open in person or online with an existing Regions account, you can use your account the same day. If you are a new customer opening online, identity verification can take a few hours to two business days. If you fund the account through an electronic transfer from another bank, that transfer takes one to three business days to arrive.