Digital Banking

Regions Bank intros grace period for overdrafts

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June 23, 2023

Regions Bank recently announced Overdraft Grace, which gives customers an extra business day to make deposits to cover overdrafts prior to a fee. This service is automatic to all consumer banking and private wealth management personal checking accounts, according to a press release.

Customers can avoid fees if they make the deposit by 8 p.m. central time the following business day.

"Helping customers build financial wellness is a top priority for Regions Bank, and the additional breathing room offered by Regions Overdraft Grace is the latest example of our commitment and the benefit of a banking relationship with us," Kate Danella, head of consumer banking group, Regions, said in the release. "Regions Overdraft Grace builds on the enhancements we made throughout the last two years and will make it even easier for customers to manage their accounts, cover overdrafts and avoid fees."