Regions Personal Checking Products

Overview

Remember searching the sale ads for the best price on that new car?

What kind of information did you gather?

Did you ask anyone for help?

Searching for the right personal checking account is a lot like looking for the right car.  You want to make sure you are getting the best product to meet your needs.

Building a relationship with our customers is an important part of helping them make the right choice for their finances.  This course is going to help you determine the right product to offer our customers to help them meet their financial needs.

Course Objectives

Objectives

After completing this training, you will be able to:

  1. Explain Regions Personal Checking Account products for your customers. 
  2. Determine the right product for your customer.

Regions Personal Checking Accounts

Why Regions?

As you may recall, Regions has many products to offer customers, but a Regions Personal Checking Account can help them manage their daily finance.

There are various products available for customers to allow them to choose the account that suits their lifestyle.

Let's take a look at why a Regions Personal Checking Account is the right choice for our customers.

Convenience

A Regions Personal Checking Account provides convenience for our customers.

All LifeGreen Accounts from Regions comes with:

  • Online banking with bill pay option
  • Secure mobile banking
  • Access to more than 21,000 ATMs worldwide
  • Regions Visa Checkcard

Now that you are familiar with the convenience of a Regions Personal Checking Account, let's take a look at some of the features and benefits that we offer.

Features and Benefits

The features and benefits of a GreenLife Account from Regions Bank includes:

  • Regions Rewards
  • Discount on safe deposit box
  • Discound on personal style checks
  • Multiple overdraft protection options

The convenience along with the features and benefits make having a Regions LifeGreen Personal Checking Account a safe place to manage your finances.

Let's move on to take a look at the types of personal checking accounts that are available at Regions Bank.

Types of Checking Accounts

Types of Checking Accounts

Regions has six types of personal checking accounts available for customers.

View the image for a glance of these accounts.

62+ LifeGreen Checking

This type of account is for individuals that are 62 years of age or older.  It has features that make it easy to get monthly fees waived.  Some of these features include:

  • 50% discount on personal checks
  • Unlimited check writing
  • Overdraft protection
  • Account alerts
  • $0 minimum opening deposit

LifeGreen Checking

This type of account is available for customers that want their funds direct deposited and may write lots of checks each month.  Some of its feature include:

  • 50% discount on first order of personal checks
  • Unlimited check writing
  • LifeGreen savings account
  • Overdraft protection
  • Account alerts
  • $50 minimum opening deposit

LifeGreen Checking For Students

This type of account is for students 25 years of age or under.  It offers students an account without monthly fees.  Some of the features of this account include:

  • 50% discount on first order of personal checks
  • Unlimited check writing
  • LifeGreen savings account
  • Overdraft protection
  • Account alerts
  • $50 minimum opening deposit

LifeGreen eAccess Acount

Account for customers that like the ease of online banking.  The features of this account include:

  • 50% discount on first order of personal checks
  • Overdraft protection
  • Account alerts
  • $50 minimum opening deposit


LifeGreen Preferred Checking

Account that earns interest and waives the montly fee based on the average monthly statement balance or combined balances between your Regions checking, savings, money market, CDs and/or IRAs.  Features of this account include:

  • 50% discount personal checks
  • Unlimited check writing
  • Overdraft protection
  • $50 minimum opening deposit

LifeGreen Simple Checking

Account that offers the same benefits of a LifeGreen account without the worry of direct deposit or maintaining an account balance.  It has a fixed monthly fee.  Features include:

  • 50% discount on first order of personal checks
  • Unlimited check writing
  • Overdraft protection
  • Account alerts
  • LifeGreen savings account
  • $50 minimum opening deposit

The minimum opening deposit for a LifeGreen Checking for Students is $0.

  • The minimum opening deposit for a LifeGreen Checking for Students is $0.

Selecting The Right Personal Checking Product

Selecting the Right Personal Checking Product

Selecting the right product is essential in building relationships and keeping your customers happy.

Provided are some scenarios to help you determine the correct product for your customer.

Click here to access the checking tool to help you decide the right checking product.  Then use the tool to practice the scenarios below.

62+ LifeGreen Checking Scenario

Your customer:

  • Has a monthly average balance that is less than $1500
  • Is not a student 25 years of age or younger
  • Is 62 years of age or older
  • Has a direct deposit of $300 each month

LifeGreen Checking Scenario

Your customer:

  • Has a monthly average balance between $1500 - $4999.99
  • Had their first mortgage with Regions and is not in good standing
  • Has a direct deposit of $500 each month

LifeGreen Preferred Checking Scenario

Your customer:

  • Has a monthly average balance between $1500 - 5000
  • Has their first mortgage with Regions and is in good standing.


The monthly average balance is between $2500. The first mortgage with Regions is not in good standing.  Customer has direct deposit of $550 each month.  What is the right Regions checking account for this customer?

  • LifeGreen Checking
  • LifeGreen Preferred Checking
  • LifeGreen eAccess Account
  • LifeGreen Simple Checking

Course Summary

Summary

Now that you have completed the training, you are able to:

  1. Explain Regions Personal Checking Account products to your customers
  2. Determine the right product for your customer

Knowledge Assessment

Assessment

The knowledge assessment begins on the following screen.

Reminders:

  • By continuing to the assessment you are affirming you have viewed all of the course content.
  • You may use any resources available to you while taking the assessment.

Match the checking account type with its features.

  • 62+ LifeGreen Checking
    Direct deposit of $300 to avoid monthly fees
  • LifeGreen Checking For Students
    No monthly fee
  • LifeGreen Preferred Checking
    Interest bearing account

The customer's average monthly balance is $1650.  Their first mortgage was not with Regions.  Their monthly direct deposit is $3000.  What is the associated checking product?

  • LifeGreen Checking
  • LifeGreen eAccess Account
  • LifeGreen Preferred Checking
  • LifeGren Simple Checking
Read the scenario and select the correct checking product.