Rosie Garcia doesn’t have to look far to see the benefits that Regions’ Early Pay service provides customers of her branch in Hialeah, Florida.
There aren’t as many coming in to deposit their Social Security and other retirement checks now to start the month.
“We have a lot of retirees who bank with us and, particularly for this population, Early Pay has been a game changer,” said Garcia, who manages Regions’ Gratigny Banking Center branch. “It’s made the start of the month a lot less financially stressful for them.
“I’ve managed this branch for 17 years and our customers are like family,” she said. “We know how important these deposits are, so we are thrilled to be able to offer Early Pay and give them this gift of time and added financial flexibility.
“Even a day can make a huge difference.”
With the courtesy Early Pay service, Regions customers with direct deposit to a Regions checking, savings, or money market account – or a Regions Now Card® – can automatically receive qualifying payroll and government direct deposits up to two days early, at no cost. For more important information and disclosures, visit regions.com/earlypay.
Customers can also opt-out of Early Pay by visiting a local branch or using the ‘Message Us’ feature within Regions Online or Mobile Banking.
I’ve managed this branch for 17 years and our customers are like family. We know how important these deposits are, so we are thrilled to be able to offer Early Pay and give them this gift of time and added financial flexibility.
Rosie Garcia, Regions branch manager in Hialeah, Florida
The bank launched Early Pay Sept. 13.
“Combined with fewer fees and more simplified banking, these services give Regions customers even more options to optimize their cash flow, safeguard against surprises and improve their financial health,” said Kate Danella, head of Regions’ Consumer Banking Group.
Yolanda Delgado said that’s certainly been her experience with Early Pay. A Regions customer since 1975, she said the service is yet another reason she banks with Regions.
Before Early Pay, Delgado’s month started with a mad scramble from bank to landlord to get her rent in on time.
While she knows it’s the same amount of money, Delgado said it’s when Early Pay allows her to access her deposit that’s made all the difference.
“Early Pay means I don’t have to rush around and have more time to plan and get what I need and pay my rent,” Delgado said. “I watch my money carefully and pay off my credit card balance every month. Having a budget and sticking to it is even more important on a fixed income and when inflation makes everything cost more.
“I think Early Pay has been very good for customers like me,” she added.
“I’m sure there are many others in my same position who also appreciate all the benefits that come from having earlier access to their money.”
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $158 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,300 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.