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Woodforest National Bank has 788 branches throughout 17 states.
It has brick-and-mortar locations and provides comprehensive financial products, including checking, savings, money market and CDs.
Monthly deposits and fees are generally low.
The bank is a Gold Winner in the Best Banks inAlabamaand inMississippirankings.
Woodforest National Bank Checking Account
Woodforest National Bank has six types of checking accounts.
Theres also a Second Chance Checking account for those whove struggled with banking in the past.
Also, the Sterling Advantage account is designed for seniors who are over 55 and earn some interest.
The deposit requirements are low and there are ways to waive the monthly service fee.
those who are trying to build their banking history and seniors over 55.
There is a $3 minimum balance requirement.
However, the low APY and the fees make other online high-yield savings accounts more appealing.
Woodforest CD Accounts
Woodforest National Bank offers several CD options with varying terms.
There is a minimum deposit of $500 for CDs.
Theres a $10 minimum balance fee that can be waived.
Customers can choose from various financial products and access more information online or through a customer service representative.
Woodforest National Bank has a3.9 ranking on Googleand a3.2 ranking on Apple.
Woodforest online banking and mobile app provide 24/7 access to all your accounts.
you’re free to view your accounts, conduct transfers and manage bill pay.
Some customers have complained to the Better Business Bureau regarding customer service and account management.
Customers can drop a line to the bank by telephone, mail or live chat on the banks website.
How Does Woodforest National Compare?
Woodforest generally requires monthly fees (if you cant waive them), while KeyBank doesnt have maintenance fees.
Both are regional banks, but KeyBank has a higher APY on its money market accounts compared to Woodforest.
Woodforest vs. Wells Fargo
Woodforest and Wells Fargo are both banks with brick-and-mortar stores.
Wells Fargo offers a more comprehensive portfolio of products.
All other information on accounts is accurate as of Dec. 2, 2024.
All factors were then scored and combined, with the lowest score being the best.
All products and offerings had to be available as of Nov. 8, 2024, to be considered.
Rates are subject to change; unless otherwise noted, rates are updated periodically.
