Regions Bank offers five distinct categories of services: personal, small business, commercial, wealth and advice. Some of the personal banking services offered by the bank include checking accounts, savings, FDIC-insured certificates of deposit, a rewards program, safe deposit boxes and an auto buying service.
Regions Bank offers a Regions Visa CheckCard for personal accounts, family protection services and access to the money market. The bank also provides a personal online tax center and IRA support. As of 2015, Regions Bank offers a personal account switch kit with instructions and forms to facilitate moving checking accounts from another bank. Individual customers with Regions Bank can gain access to credit cards, personal installment loans, student loans and auto loans. Prospective homeowners can locate any Regions' owned properties that are for sale and receive mortgages from the bank.
A division called Regions Business Capital handles the accounts of commercial clients. Commercial business services offered by Regions Bank include financing options, such as asset based loans, leveraged cash flow, acquisition financing and growth financing. Regions Bank also offers debt-related commercial services, which include refinancing credit facilities or existing cash-flows and restructuring. Wealth management solutions are available for customers interested in retirement plans or equity investments.Learn More
Development banks provide capital to companies and organizations when raising money for ventures is difficult, particularly in countries where investment capital tends to be scarce. National development banks provide an important alternative to companies and projects that find it difficult to raise money to finance an endeavor.Full Answer >
In finance, a lodgment is a deposit of funds into a bank account, according to Oxford Dictionaries. The term originated in the late 16th century and comes from the French word "logement," which derives from the Old French term "loge," meaning a dwelling.Full Answer >
In electrical engineering industries, a capacitor bank is a group of several capacitors connected with one another. These capacitors must be identical and connected in either a parallel or series formation. Capacitor banks are used for different purposes, but usually to correct a fault within the system, such as lag or phase shifts. These banks can also be used simply to increase the energy storage of a system.Full Answer >
Bank holidays originally referred to the official holidays in the United Kingdom Bank Holiday Act of 1871. This act has changed over the years, but it still remains the origin of the name.Full Answer >