Woodforest National Bank - $1 Accounts.

[smithgroup]

Originally Posted by Ballsack

A $1,000 EFT is considered a large transaction???? I can't imagine making a thousand dollars a month and having that money on hold every single month for a couple of weeks at a time.

Yes, I am from the "hood", most people I know that still live there have either Woodforest, a Greendot "account" or just use Walmart money services.

I personally know $1000 is more than most of them make a month, so yes a $1000 EFT going through a sub-prime bank is high risk.

AND JEFF go get an account a Chase and stop complaining!

BTW congrats on your mortgage, that's great. One day I'll be there.

[MtnDew]

Hitch...That's a load of bullpucky! I got a little pissed at his first post too first edition. you wont win an argument with first

Especially now I know she is a woman. Funny I like First better now I know that...

anyway...seems somewhere someone in this thread did confirm woodforest bank works with diff. name and does instant verification. Saving time for those looking for the reason for the thread.

[hitch]

I don't use my PP account attached to woodforest too often however, for the sakes of this thread:

I have a standard account and:
1) I was able to instantly verify
2) I was able to transfer more then $1,000 without a hold
3) The account is linked with a PP account in a different name, and that makes no difference.
4) WF account links with mint.com no problem.


As with most banks, if you show to be a good customer you can get limits removed. Just don't expect them to remove it within the first few weeks of you doing business.

[imthatguy]

Originally Posted by jeffweico

But wouldn't they differentiate? My FICO's are over 800 I know this because I got a mortgage about a year ago and pulled my scores before I applied.

I was even approved for the mortgage with NO JOB! And thst is saying a lot in 2009!

Now, had I walked in there with a check for $100k, THAT I could have understood.

No wonder poor people don't want to use banks.

They figured if you got it like that then why are u using a sub prime bank for the poor

[First Edition]

Originally Posted by jeffweico

But wouldn't they differentiate? My FICO's are over 800 I know this because I got a mortgage about a year ago and pulled my scores before I applied.

I was even approved for the mortgage with NO JOB! And thst is saying a lot in 2009!

Now, had I walked in there with a check for $100k, THAT I could have understood.

No wonder poor people don't want to use banks.

Right.... and you're not who they market to... at all.

[surcerouche]

Hi,

I just went to Woodforest yesterday-2/23/11. It was easy and simple to open their checking account. You need a minimum of $25.00 and for a savings account you need $100.00. Took about 20 min, and I walked out with routing and account numbers.

I called today, and it is still $1.00 for checking, and $200 for Savings to keep them from deducting fees.