Regions Bank signs global money transfer deal with Western Union

"At Regions we know that consumers value flexibility, convenience and reliability when choosing a financial services provider," said John Owen, head of consumer services for Regions Bank. "Our agreement with Western Union will allow us to offer a broader suite of products and services to meet the needs of our customers and communities while continuing to deliver the exceptional customer experience that Regions is known for."

Through the bank's agreement with Western Union, Regions Bank accountholders and walk-in consumers will have the ability to send and receive domestic or international money transfers and make same-day payments conveniently and quickly to members of Western Union's growing Biller network.

"Our expanding global money movement network provides consumers more ways to move money quickly to more destinations worldwide," said Stewart A. Stockdale, executive vice president and president, global consumer financial services, Western Union. "Regions Bank is one of the largest full-service banking institutions in the U.S. Our agreement with Regions is part of Western Union's continued focus on identifying and driving the development of best-in-class services to expand the company's business to new consumer segments through Regions retail locations as well as through online channels."

The services will be available later this year at Regions Bank branches in the 16 states the bank serves. Plans also include offering Western Union online services to Regions Bank online customers.