This happened to me about 4 years ago, but it's a good reminder of what to avoid. When I was going through the process of suing the insurance company over a car accident, and living with my girl friend at the time I went to Regions with my grandma. Since she had a bank account I figured hey why not? Well to start out I was told it would take a week for me to deposit an insurance check in my checking account but it should clear no problem in my savings account.

I get disability so I switched it over to Regions. I had a checking & saving account. With a year of over draft protection. Mind you I had just gotten this account. Well after paying car insurance which was 65 dollars, & then buying groceries which was 100 bucks or so. I still had like 200 bucks left. And at the end of the month I never had any money. I was always over drawn 200 dollars. Always no matter how much I saved back. So I took everything out of my checking account.

On the bright side 6 months later or maybe a little longer I had 500 bucks in my savings account compiled from interest. So I took the rest out and took it to Renasant who I was banking with at the time.

Beware. Any bank who over drafts you when you have over draft protection is not worth it. I will not be banking with Regions again.