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Essential Information To Know About Woodforest Bank

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Woodforest Bank Overview

The Woodlands, Texas-based Woodforest Bank is a privately held bank. It had 788 branches in 17 states as of March 2020. In addition to serving Sam’s Club members, Woodforest National Bank is Walmart’s most significant retail partner. Gallery Furniture in Houston has a branch of the bank as well.

Second chance checking accounts are available for customers who have not maintained good standing with the check verification service ChexSystems, but with higher fees and a much more extended probation period compared to traditional banks. Woodforest National Bank also offers the same type of account for commercial customers.

Sponsorship

Woodforest Bank donated $1 million toward constructing a five-acre facility in the Woodlands Trade Center. The Forest Food Bank Center for the Montgomery County Food Bank will now be known as that beginning in April of this year.

The food center will purchase and renovate sixty thousand square feet (5,600 m2) of space for $6.5 million. Anadarko Petroleum, Kroger, Walmart, and H-E-B also contributed. The Woodforest Charitable Foundation benefits from the Woodforest National Bank’s annual Tomball Dash 5K.

Woodforest Bank paid $1 million for the naming rights to a Shenandoah, Texas, stadium with a capacity of 10,000 people.

Financial services for individuals

Customers’ individual needs have been met repeatedly thanks to WNB’s competitive banking products and excellent customer service. Personal Banking options at Woodforest Bank include the following, according to our evaluation:

Inspecting the goods

To get started, open a Woodforest Bank Checking account for as little as $25 and get an unlimited number of transactions.

The Woodforest National Bank Second Chance Checking Program is here for those who have previously encountered difficulties with their bank accounts (more on this account below). You can earn interest on your balance by using Choice Checking, which has variable monthly fees that decrease as you deposit more money into your account.

An interest-bearing account for customers 55 and older, the Sterling Advantage. Platinum Plus Checking offers one of the best interest rates and unlimited check-writing privileges.

Products that help you save money

An Emerald Elite Account is one of the most competitive money market rates and has access to flexible funds.

It is possible to earn an attractive interest rate on savings with a large account.

The simplest way to get started saving is with a savings account. If your daily balance is $200 or more, you will not be charged a monthly balance fee.

Additional Products that Save You Cash:

  • A $500 minimum investment is required for CDs.
  • Planning for your retirement can be made easier with the help of IRAs.
  • When it comes to saving, it’s never too early to begin.

Platinum Plus Checking: This is the highest-yielding checking account available to you.

Second Chance Checking at Woodforest

People who have had problems with their bank accounts can take advantage of the Woodforest Second Chance Checking account, which is available only to Woodforest customers.

A $25 minimum opening deposit and a low monthly fee for account holders who use direct deposit make this account a viable option for those who are struggling financially.

Woodforest’s other checking accounts include the standard Woodforest Checking Account, Choice Checking, and Sterling Advantage, designed for customers over the age of fifty.

Unlimited check writing is included with the Platinum Plus Checking Account, which offers the most competitive interest rates.

Loans to Help You Achieve Your Dreams

Getting the right loan at the right time with the correct interest rate can make all the difference in your financial situation. Various consumer products are available through Woodforest Loans, all at reasonable rates with no hidden fees.

If you’re looking for a personal loan at a Woodforest National branch or one of the Woodforest Walmart locations, you can get one:

  • Renovations to the home
  • Personal credit card with no collateral
  • Cars
  • There are also mortgages.
  • Unsecured ReLi® credit card
  • A ReLi® backed credit line

 

Solutions for Commercial Banking

Seeing your company expand is one of the most exciting things that can happen.

To achieve this goal, Woodforest National Bank offers a wide range of financial products and services that are specifically tailored to the needs of small and medium-sized businesses.

Woodforest Bank review found the following products to help you thrive:

  • For businesses with lower transaction volumes, there are two types of checking accounts:
  • Woodforest Second Chance Business Checking: Woodforest Second Chance checking for businesses that have previously encountered difficulties with their bank accounts.
  • No additional fees and no additional transaction charges are included in Advantage Business Checking.
  • Checking for businesses with large balances and a lot of activity is referred to as “Business Checking.”
  • An interest-bearing account with check writing privileges (unlimited) for small businesses.
  • You can earn interest on your money as you go with a competitive business account like the Business Money Market Checking.

 

What Is Woodforest Bank’s Checking Account Opening Fee?

You must deposit $25.00 to open a checking account at Woodforest Bank. Check out Woodforest Bank’s overdraft policy and balance withdrawal limits before you open a checking account.

Whether the item is paid or returned, an insufficient or overdraft item charge of $34.00 will be assessed on each item presented for payment that exceeds the balance in your account, regardless of account type. Debit card transactions, like ATM withdrawals, that exceed your account balance may result in an overdraft item charge of $34.00 if the transaction is paid.

There is no limit to the number of preliminary or overdraft item charges that the bank can impose in a single day. Please visit one of their convenient branch locations and speak with a retail banker to learn more about their products, services, and fees, including important information about their overdraft fees and options.

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