Woodforest Checking account review

Most financial institutions offer you several options to manage your money in the most convenient way. The Woodforest Checking account is a basic, interest-free banking product that is in tune with your daily expenses and gives you low-cost operation.


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Commissions
Account management: $ 6.95 Nothing if you maintain a minimum balance of $100 or make one deposit per month.
Check deposit: Consult
Check writing: Consult
Transfers: Consult
Advantage
Checkbook: With checkbook
Requirements
Minimum deposit: $ 25

Additional information of Woodforest Checking account

The minimum you need to open a Woodforest Checking account is $25 and to be of legal age. This financial resource includes a handling fee, but you can avoid this fee by maintaining a daily balance in excess of $100 during the month or by receiving direct deposits from your employer or other source.

Woodforest bank accountsThis interest-free checking account is backed by more than 780 branches and a network of more than 850 ATMs where Woodfores National Bank operates. Withdrawing money at a Woodforest ATM costs nothing, but at another bank's ATM, the fee is $2.

Here are the most common fees associated with this account:

  • Stop payment: $35
  • Closing the account: $25
  • Overdraft: $32 each time
  • Debit card replacement: $10
  • Debit card setup: $15 (one time only)
  • Paper statement: $3 (free digital statements)
  • NFS or non-sufficient funds: $32 per returned item
  • Overdraft Transfer (linked to an account): $5
  • Debit Card Cash Advance: $2 per transaction

As for the availability of deposited funds, they are usually left overnight if you have less than 180 days with this entity. If your relationship exceeds 6 months, they may be available the same day. Some deposits appear almost immediately:

  • Transfers
  • Direct Deposits
  • Credit transaction with POS accounts
  • Cash deposits at the teller's office or ATM (exceptions may apply)

If you need a simple banking product, the Woodforest Checking account may offer you the operability you need. With this bank you have other alternatives, such as the Choice Checking account.

Español: Cuenta Woodforest Checking