Regions Debit Card Fees

Regions Bank will become the first in our area to charges customers a monthly fee for using their debit cards. But regions won't be the last.

Beginning next month regions will begin charging all basic checking account customers a flat 4-dollar a month fee for debit card transactions. Suntrust, Wells Fargo, Bank of America, and others are experimenting with similar charges in limited markets.

The banks claim they have to make up for money they lost when congress passed new legislation earlier this year. It allowed the Federal Reserve to reduce the amount banks can charge merchants for accepting debit and credit card transactions.

Mel Campbell of Regions Financial Corp. says Regions will offer other checking account programs that do not include debit card fees. "Consumers enjoy the convenience of using a debit card to make payments and we encourage our customers to talk with their banker about which account best fits their needs.”

Wednesday afternoon Regions Bank sent us this statement, saying it realizes consumers enjoy the convenience of debit cards and encourage customers to talk with their banker about which account fits their needs.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Scott on Jun 13, 2012 at 09:13 AM
    I will close my account and you should too. Send a message to the banks. Enough is enough.
  • by Anonymous on Oct 28, 2011 at 04:52 PM
    I plan to close my account. I will not continue paying the $4.00 a month to automatically deposit my money in their bank.
  • by Nannette Hansard on Oct 28, 2011 at 04:16 PM
    I plan to close my account & go with the credit union. A time when all people are having a hard time making ends met & Regions decides to start charging a fee is rediculous.
  • by chris Location: starkville, ms on Oct 8, 2011 at 12:46 AM
    Charging students free checking account? Seriously? It can't get any cheaper than ramen noodles.
  • by izzy Location: tennessee on Oct 7, 2011 at 06:02 PM
    I'm not paying them almost two hundred dollar a year for there lousy service....i've been looking for another bank anyway....
  • by ROB Location: WALKER ,LA on Oct 4, 2011 at 06:24 PM
    You know whats bad I have been a member of this Bank since I was a child and my grandma started an account for me. Back then the Bank was called Lincoln Trail and then was bought out by Regions up in Illinois I have stuck with them for over 40 years and I am seriously thinking of moving my buisness some where else because of these rediculious fees.
  • by elainmir Location: Panama City on Sep 30, 2011 at 05:24 PM
    Put that money in a credit union! A smart bank is one that will keep their customers by NOT doing things like this. If I banked there I'd bail out to!
  • by jim Location: panama city on Sep 28, 2011 at 09:12 AM
    why put your money in the bank anyways? They use your money and don't pay you very much interest.
  • by Rachel Location: South Carolina on Sep 26, 2011 at 09:14 AM
    I am in the same boat. I am in the process of closing my accounts right now! Why am I going to pay $10 a month for not having DD then on top of that pay $4 a month for using my card. *I am NOT* I am closing all 4 of my regions accounts and gong to Credit Union.. *Just opened mine today* BOYCOTT REGIONS BANK TODAY!!! This is rediculous, money is tough for everyone.. Think about your customers!!! 170/yr for a bank acct?? really??
  • by Anon Location: Callaway on Sep 26, 2011 at 05:45 AM
    Regions charges for everything, even people over 50 have to pay for checks, Innovations doesn't charge people over 50 for checks you can order 1 box a month for free if you are over 50. Regions charges $5.00 "processing fee"
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8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647
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