Woodforest National Bank Review and Guide

Woodforest National Bank is a community-focused bank with a strong presence in the southern United States. It was founded in 1980 and has since grown to over 800 branches across nine states.

With a focus on providing exceptional customer service, Woodforest National Bank offers a range of personal and business banking services. From checking and savings accounts to loans and credit cards, they've got you covered.

One of the unique features of Woodforest National Bank is its emphasis on community involvement. They have a long history of supporting local charities and organizations, which is a testament to their commitment to giving back.

Their customer service is also worth noting, with many customers praising their friendly and knowledgeable staff.

With Woodforest National Bank, accessing your money is a breeze. You can simply swipe your debit card at any eligible fee-free ATM for cash.

You can also use your card as a direct form of payment, similar to a credit card, thanks to partnerships with Apple, Samsung, and Android Pay, allowing you to add your card to your virtual wallet.

To send funds to someone else's account, you can use Western Union, which is built right into the Woodforest mobile app, making the process quick and easy.

The Woodforest National Bank has been a generous supporter of the Montgomery County Food Bank, donating $1 million to help create a five-acre facility in the Woodlands Trade Center.

This facility, now known as the Woodforest Food Bank Center, is a significant step towards providing food assistance to those in need.

The bank has also sponsored the annual 5K Tomball Dash, benefiting the Woodforest Charitable Foundation.

Conroe Independent School District has sold naming rights to a 10,000 seat stadium in Shenandoah, Texas, to Woodforest National Bank for $1 million.

Major corporations such as Anadarko Petroleum, Kroger, Walmart, and H-E-B have also contributed to the cause, demonstrating the community's commitment to supporting the food bank.

Does Woodforest National Bank have Zelle? No, they don't currently integrate with Zelle, so you can't send or receive money through Zelle using your Woodforest National Bank account.

However, they do offer a Person-to-Person Mobile Pay service that allows you to send money quickly to anyone, regardless of their bank.

Woodforest National Bank does not currently integrate with Zelle, so you can't directly send or receive money through Zelle using your Woodforest National Bank account. However, they offer alternative money transfer options like Person to Person Payment (P2P) to send money to anyone with a U.S. bank account.

Woodforest National Bank offers individual retirement accounts (IRAs) in CD form, which is a simple and reliable way to save for retirement. However, this limits your choice of accounts for your retirement funds.

To open an IRA at Woodforest, you'll need to make a minimum deposit of $500, which is also the same minimum deposit required for their CDs. This can be a good option if you're looking for a low-risk investment.

One thing to keep in mind is that money placed in a CD becomes untouchable the minute the term starts, so be sure to carefully consider your options before committing to a CD IRA.

Here are some key features of Woodforest's IRA CDs:

Overall, Woodforest's IRA CDs can be a good option for those looking for a low-risk investment, but it's essential to carefully consider your options and choose a term that works for you.

The Choice Checking account is a good option if you're looking for a basic checking account with some perks. It earns interest at a 0.35% APY if your balance is over $1,000.

However, be aware that this account comes with fees of $7.50 or $10, which can significantly reduce the benefits of earning interest. To avoid these fees, you'll need to have a balance of at least $1,000.

The minimum deposit required to open a Choice Checking account is $25. This is a relatively low barrier to entry, but you should still consider whether the fees associated with this account are worth it for you.

Here's a quick summary of the Choice Checking account's key features:

Overall, the Choice Checking account is a decent option for those who can maintain a balance of at least $1,000, but it's essential to carefully consider the fees associated with this account before opening it.

Accessing your money with Woodforest National Bank is a breeze. You can simply swipe your debit card at any eligible fee-free ATM for cash.

The bank has partnered with major technology brands like Apple, Samsung, and Android Pay, making it easy to add your card to your virtual wallet for a direct form of payment.

To send funds to a friend or anyone else's account, you can use Western Union, which is built right into the Woodforest mobile app.

Mobile check deposit is also available within the app, making it simple to deposit money rather than withdraw it.

To access your money, you'll need to have your debit card and some basic information handy. This includes your Social Security number, date of birth, driver's license, and enough money to cover the opening minimum if necessary.

Here are some ways to access your money with Woodforest National Bank:

If you're looking to save more money, consider the lower monthly service fee structure of Woodforest National Bank. This can help you cut down on unnecessary expenses.

Typically, larger banks have worse interest rates, and Woodforest is no exception. You might find better APYs at other banks in your area.

To avoid meaningless fees, take advantage of Woodforest's lower service fee structure. This can help you save money in the long run.

Even the highest tier checking and savings accounts at Woodforest won't outearn some of its competitors.

Woodforest National Bank recently expanded its presence in Texas by opening a retail branch in Livingston, TX. The new branch is located inside a Walmart store at 1620 W. Church Street.

The branch is a convenient option for customers who already shop at Walmart, as they can now take care of their banking needs in one stop. I've noticed that having a bank branch inside a retail store can be really convenient for people who are already running errands.

The exact address of the new branch is 1620 W. Church Street in Livingston, TX.

Walmart stores have varying closing times, but most locations close around 8:00 pm.

If you're planning a visit to your local Walmart, it's a good idea to call ahead and confirm the closing time, as it may differ slightly.

Most Walmart stores are open seven days a week, but some may have special holiday hours or be closed for maintenance.

To find the exact closing time for your local Walmart, you can check their website or visit in person.

If you're looking for banking services at Walmart, you can visit the Woodforest National Bank branch, which is typically open from 9:00 am to 6:00 pm, Monday to Saturday.

Woodforest National Bank has partnered with H-E-B to bring banking services right to their customers, with the recent opening of its fifth in-store branch in Humble.

This innovative approach to banking is a testament to H-E-B's commitment to providing convenience and services to its customers.

The new in-store branch offers a range of banking services, including account management and financial advice.

By having a bank branch located within an H-E-B store, customers can easily conduct their banking business while shopping for groceries.

This partnership is a great example of how two companies can come together to provide a better customer experience.

Woodforest National Bank offers a range of online services to make managing your finances a breeze. You can check the balances of all your accounts at the bank, look over transaction histories, and set up transfers between accounts.

Online banking is available 24/7, so you can access your accounts at any time that suits you. You can also take care of administrative issues like ordering checks or a new debit card, requesting stop payments, and signing up for automatic security and account alerts.

One of the most convenient features is the ability to download eStatements directly into Intuit Quicken or Quickbooks. This service is optimized for both Windows and Mac, making it easy to keep track of your finances.

The mobile app takes online banking to the next level, allowing you to deposit checks, use the branch/ATM locator, and send and receive money through Western Union Online Money Transfer. You can even remotely "shut off" your debit card if you lose it, which is a great security feature.

Woodforest National Bank has faced issues with continuous overdraft fees. The bank reached a $32 million settlement with the Office of the Comptroller of the Currency over these fees.

Debit card transaction processing was also at the center of a controversy. A 2014 class action settlement resulted in debit card transactions being processed in the same order as check processing, potentially leading to additional overdraft fees.

Reviews of a bank can be a good indicator of its quality, but it's essential to remember that they're not always reliable.

Some banks, like Woodforest National Bank, have reviews that are not provided, reviewed, or endorsed by the bank itself.

You might find reviews online that seem helpful, but it's crucial to keep in mind that the bank isn't responsible for ensuring they're accurate or up-to-date.

Woodforest National Bank and the Office of the Comptroller of the Currency reached a $32 million settlement regarding the bank's continuous overdraft fees.

This is a significant example of the consequences of fee disputes. The bank's actions led to a massive settlement, highlighting the importance of fair banking practices.

A 2014 class action settlement put an end to debit card transaction processing in the same order as check processing, potentially resulting in additional overdraft fees. This change aimed to prevent banks from taking advantage of customers with unfair fee structures.