What is Regions Ready Advance?
A short-term form of credit, Regions Ready Advance allows eligible Regions consumer checking account customers to take an advance on their next qualified direct deposit.
How Regions Ready Advance Works
There's generally no application — access is immediate via Online Banking for all eligible customers. Once you activate your Ready Advance account and take an advance, funds are available.
Ready Advance Features
- Ready Advance helps meet unexpected financial obligations like auto repairs, medical expenses, home repairs and other immediate financial needs.
- There's generally no application, no underwriting and no closing process for eligible customers.
- Available credit ranges from $50-$500 based on half of your combined monthly direct deposits of $100 or more.
- Payments are conveniently drafted* from your next eligible direct deposit.
- There are no additional fees which are typically associated with other lines of credit - annual fees, over-limit fees, late fees, etc.
- Eligible customers build a credit record as accounts are reported to the credit bureau.
Eligibility
- You must have an active eligible checking account with Regions for at least nine months.
- Your checking account must have combined monthly direct deposit(s) of at least $100.
- Your checking account may not be linked to a credit product for overdraft protection.
- Your checking account must not currently be in a derogatory* status.
- See the Ready Advance FAQs or Account Agreement and Disclosures for more information.
Note: This could be an expensive form of credit. You will be charged a Cash Advance Fee of $1 for each $10 you advance. Advances taken must be repaid quickly. Ready Advance is intended to be a short-term product to meet your cash needs. It is not recommended as a solution for long-term financial needs.
*See the Ready Advance Account Agreement and Disclosures for additional details. Customers may elect to repay in installments. Monthly outstanding balances will be subject to an additional 1.75% monthly periodic rate (21% APR). Certain Restrictions Apply.