Woodforest National Bank


Overview / Commentary
832-375-2000
1599 Lake Robbins Drive Suite 200
The Woodlands, TX 77380

Founded in 1980 in Houston, Texas, Woodforest National Bank is a privately-owned bank now headquartered in The Woodlands, Texas. It operates well over 700 branch locations in several different states and offers both personal and business depository banking products.

As far as personal banking products go, Woodforest National Bank offers checking accounts, savings accounts, money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts CDs (IRA CDs). Furthermore, it offers convenient online and mobile banking services to its personal banking customers.

Woodforest’s personal checking accounts offer a variety of interest rates, depending upon the account balance. Additionally, Woodforest offers a “Second Chance” checking account, with higher maintenance fees, for those “who have experienced previous bank account challenges.”

For personal savings options, Woodforest offers money market accounts, savings accounts, CDs with terms ranging from 1 month to 5 years, and IRA CDs with terms ranging from 6 months to 5 years.

On the business side, Woodforest offers both business checking accounts and business loans, in addition to a variety of services. Its business checking accounts offer a range of benefits, depending upon transaction volume and account balance. Much like the “Second Chance” personal checking account, Woodforest offers a “Second Chance” business checking account, for “business customers who have experienced previous bank account challenges.” Finally, there is a business money market checking account option, with competitive variable interest rates. However, like other money market accounts, there is a limit of 6 withdrawals a month. Excessive withdrawals will incur fees.

Second Chance Banking

Woodforest Bank is a bank located within Walmart stores. It is a second chance bank for people who cannot get bank accounts otherwise. I was really excited to find this bank because I really needed a second chance. I have banked with Woodforest for the past two years. There fees for using debit cards and making withdrawals are very reasonable. I have a special feature on my checking account where I am able to overdraw without penalty. That certainly comes in handy when I have unsuccessfully balanced my check book and overdrew. I would recommend this bank to other people needing a second chance. The start up fee is very reasonable and Woodforest meets all of their customers banking needs.

Customerwith No Complaints

Posted by: |

Wood forest was a gewat financisl institution.Really mever had any problems.Then i had accidently overdrafted s ok therefore had to close my acccou t due t ok financial situations.;hhhhhhhhhhhhbbbbbbbbbbbbbbbhuyfdnshsjsjj*uggbv

Woodforest Bank Holds On Account

Posted by: |

FYI, in Texas when you use the debit card at the pump.. Woodforest puts a 75.00 hold on your account though you spend only 30-40 and this applies if you use it as debit or credit,,, I tried both ways to test it.

It takes 24 hours for the actual amount to post on Woodforest.... No other Debit card has ever done this... I've had several with different banks,,, It is not the Service Station... I called Woodforest they tried to say it was the Service Station,... NOPE,,, I use different debit cards so I can verify,, it is Woodforest

Woodforest Bank Lewisburg PA

Woodforest Bank Lewisburg PA I would like to start out by saying I believe they should fire the entire staff and rehire now myself and my wife have been contacting them all morning I am stuck in an airport in Massachusetts and they are refusing to release my deposit from yesterday I’ve called Texas and I’ve called Lewisburg my wife has called both places also my wife told me how rude they were on the phone so I recently Had her do a three-way conversation so I could listen in and could not believe what I was hearing the woman was absolutely rude and basically told my wife not to call anymore when I get home I will no longer do business with this bank

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Health

Health Grade Components

Overall
FDIC Certificate #23220
Year Established1980
Employees4931
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD20.29%
Annual Interest Income$60.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$6.95B$6.44B
LoansQ1 2020vs Q1 2019$4.50B$4.08B
DepositsQ1 2020vs Q1 2019$6.28B$5.79B
Equity CapitalQ1 2020vs Q1 2019$605.1MM$574.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$56.2MM$47.3MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$32.4MM$63.5MM
Real Estate OwnedQ1 2020vs Q1 2019$3.5MM$3.8MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Woodforest National Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Woodforest National Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$10k*-Personal Savings
OTHER TIERS: 0.03% Up to $10k
0.05%--Business Savings

Woodforest National Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Emerald Elite Money Market
OTHER TIERS: 0.20% Up to $100k | 0.35% $100k - $250k
0.05%--BIG Money Market
0.03%--Business Money Market

Woodforest National Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Personal Platinum Checking
0.05%$1k-Personal Choice Checking
0.05%--Business NOW
0.03%$1k-Personal Sterling Advantage Checking

Woodforest National Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-5 Year CD
0.35%$500-4 Year CD
0.25%$500-3 Year CD
0.20%$500-2 Year CD
0.15%$500-1 Year CD
0.05%$500-1 Month CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD

Woodforest National Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-5 Year IRA
0.35%$500-4 Year IRA
0.25%$500-3 Year IRA
0.20%$500-2 Year IRA
0.15%$500-1 Year IRA
0.05%$500-6 Month IRA
Locations

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