Regions Bank

Regions Bank offers business checking in the United States under the LifeGreen and Advantage names, an interest-bearing business account and a separate package for non-profit organisations. Fees depend on the number of transactions, cash volumes and the balance needed to waive the monthly charge.

Business checking

LifeGreen Business Checking costs $12 a month, waived with a $500 average monthly statement balance or $1,000 in combined eligible business debit and credit card purchases. Advantage is $25 and Business Interest Checking is $15, each with its own waiver rules. LifeGreen Not-for-Profit Checking is $0. Opening requires a deposit of USD 100 on the listed business products, and cards run on Visa.

Escrow

A dedicated escrow unit serves M&A, collateral deposits, capital subscriptions, retainage and litigation settlements. The bank publishes an accelerated process of review, document agreement and account opening, which it says is often completed within a day.

Deposit protection

The bank confirms FDIC membership, subject to statutory limits, ownership categories and eligibility.

Who it suits

Small US businesses choosing a checking tier by balance, and parties to transactions that need a bank to hold funds under an agreement.