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Woodforest National Bank - $1 Accounts.
 

Hello,
I was in Walmart today and I noticed Woodforest National bank had a sign up that said $1 accounts. .

I'm not sure if this is a local thing, or a National thing. But hey, a bank account for $1 is a deal. And you know, you will probably be able to get a savings account attached as well.

I'm heading back to walmart with a $5 bill and 2 forms of ID, I'll post back and let you know if I was able to open a new account.

Keep us posted...I would really be interested too.

Alright, I just got back.

There are 2 options.

1) If you have a positive bank history you will be able to get the FREE account with no setup fee, no monthly payment, etc.

2) If you have Bad banking credit (like a bad account out there somewhere) then you will have to get the "Choice" or something like that, $21 setup fee and $7.95/month fee

Both accounts are available for $1 opening.

Fortunately I was able to get the free one, either way... it's still a good deal.

That being said, I was able to get my routing number and bank account number today.

I tried to plug it into paypals system, the good news is they do instant verification like BOA does if you are using online banking, the bad news is it takes 24 hours to do online banking so I will have to wait until tomorrow.


I picked up a Tracfone while I was at it, I'll create a new paypal and ebay setup for future use.

So, moral of the story, if you have a wood forest national bank in your area, check to see if they are offering the $1 / account special.

Hitch

^^^OK sounds fine. We will need to know if it accepts those deposits and paypal does no reversal in several days time

With the instant confirmation, paypal won't require 2 deposits to be made.:thumb:

but could you withdraw without reversing
 

but could you withdraw without reversing????

Just checked their website and it looks like they have a lot of locations more than 50....I will give them a try as well later this week and see how it goes.

I'll let you know when I make a test withdraw... I highly doubt it will be reversed though.

It's a legitimate US bank with "Bricks and Mortar" locations.. not some online bank that paypal will think is here tonight gone tomorrow type of thing.

i wonder if by donig the instant confirmation, would paypal be able to see your real info? name/address?

i am always paranoid about stuff like that

Well, the annoying thing about WFNB is that they require like 8 different security questions lol, and I failed one of them during the instant confirmation so I had to do it manually anyway.

That being said, I've never had a problem with my BOA instant confirmations and them finding my real information. Banks are not allowed to give that information away without a court order, IIRC

Personally i think they can. Because you put that info in. I had 3 paypal accounts suddenly linked with BOA instant verification. There is no other possible explanation.

^^ How do you know that is what linked you? What did Paypal say? I'm asking because there's a thread that says you cannot be linked by instant verification and that's it's safe.

i understand, but when you give paypal your account name and password during the instant verification, couldn't they use it to see your account name?

woodforest is great, no problems with them so far , works fine with PP

So far, I've confirmed my Wood Forest account via the micro deposits. And I sent money to the account from another account to test the withdraw capability. I should get that withdraw tomorrow, I'll let you know.


All of my BOA Accounts are linked via instant verification and none of the Paypal accounts have the same name as my BOA account. Instant verification works fine.

Well, I got my test withdraw today .. this account looks like it will be a keeper :) Now I need to build up another ebay account to use with this account so I don't get the limitation BS.

hi, you can find all US bank locations, addresses, telephone numbers and more details here. Check out the below link

US Bank Locations

Everytime I do the instant verification I quickly change the username and password afterwords so i make sure they can't log-in back into my bank account!

Yes, best thing to do.

will this bank be useful for stealth accounts? does it accept deposits in other names?

Is there any way to open it online? Do they require SSN?

I have an account at Woodforest. I was also attracted to it by the $1 account thing.

After I lost my job, but before I got back to selling online, I was living on unemployment, my 401k and money from my brokerage account.

So, I took $3k from my 401K, they sent a check. This was from Fidelity, a HUGE firm.

Deposited it in the bank, but the manager told me that since the account was new, and the amount of the deposit was over $2,000 there would be a 7 day hold on the money. Turned out to be 7 BUSINESS days, which actually means an 11 day hold. But OK... Whatever...

Two months later, I did the same thing with a $2,000 deposit. This time, they told me the hold was "discretionary". I then received a letter from them informing me they were holding the money because they did not believe that Fidelity would pay them. GGGRRR!!!!

Last month, I needed a new roof. I had most of the money, but I transferred $1k from my brokerage account - ELECTRONICALLY this time. And guess what? ANOTHER FU**ING HOLD!!! For an electronic funds transfer!

I am a homeowner without a SINGLE LATE PAYMENT on my credit report. I have never used more than 10% of my available credit. My FICO score is over 800. So it is not like I have bad credit or anything. This is one ANAL bank, or at least one anal branch.

So I never thought of using them for stealth, as the way the were acting led me to believe that any deposits would be rejected, even if the entire name was off by only one letter, much less using a stealth name.

But if I'm wrong, they could be a nice resource, since they are local to me.

My question is: Has anyone successfully reecived funds into a Woodforest account when the names do not match?

All banks in the USA require a SSN and vaild proof in the form of ID's and verification, per the Patriot Act.

Hey Jeff, Woodforest is mostly in Walmart stores and grocery stores, they target lower income & second chance customers. (It is one of the only banks that will allow someone to open a checking account despite being delinquent on another checking account: Wikipedia)

I assume this is why they might impose holds on large transactions, or any transactions that they might think is "high risk" (sorry for the PP reference, I just had to throw it in there).

Anyone that asks if the bank requires SSN and or ID is upto no good.

Scammers suck.

If you want to have you go at selling bootlegs thats one thing.

But if you're trying to str8 up rob people ...:suspicious:

lol i think you're a little paranoid

paranoid is good though.

PayPal won't "LOG IN" to your bank account lmao

And if they do and you have proof you can win a lot of money in a law suit

The question has not been answered yet if anyone has used them with a Stealth account and gotten funds in a different name...

Anyone?

I completely disagree with this statement. I'm not a scammer. And when I was a younger woman, I often asked why I need to give the bank all kinds of crap like this. I should be allowed to bank anonymously if I wish it so. This is only an affect of the patriot act, which is to prevent TERRORISTS from laundering money, not quite the same as what you're getting at.... some countries do not require identification for banking, nor a stamped government number on your forehead. What about immigrants? Those staying on a visa? It's just knowledge....

speak for yourself.


Anyway, if you're doing something illegal, the bank is the last thing you need to worry about.

I have a Woodforest account in my Real name.

And a PayPal account in a Stealth Name.

I get the money no problems. I have been for almost a year now.

There are many other banks that work just fine. I personally don't want to risk to see if woodforest is concerned with a name mismatch when I know of many others that work just fine...

although... a bank that still mandates a thumbprint on any sized check is bound to take careful measures in everything else

We are all entitled to our own opinion.

But I'm pretty sure that an overwhelmingly high majority of people who are desperately looking for a bank that required no sort of ID is upto something illegal.

I've been banking long before the patriot act, and I've always had to show some form of government ID

Yes, but you never MANDATED by the government. That was simply a rule of the bank you were with.

You can open a wal mart card without ID and just a tax ID or ssn.... does that mean these people are committing crimes? Maybe this person has a few delinquent accounts on checksystems and simply doesn't know how to restart his banking endeavors. I bet there are more people on here who owe banks money that are trying to figure out a way to get funds than those who are actually committing crimes. And besides, opening a bank account anonymously in the USA was never a crime prior to 2002. So for over 200 years of banking in the USA, it was allowed, no problem. Yet people were still arrested..... for doing illegal things.

=}-

:focus:

I seriously doubt that. People find this forum who got suspended for selling bootlegs on ebay or they are having general issues with paypal / ebay. You and I both know that PayPal nor eBay is going to suspend you just because.. you have to be violating some sort of terms.

I've had dozens of accounts suspended.. either being linked to previous accounts or because I was selling something or violating TOS.

I've since straightened up and have had ZERO problems in over a year.. Point it, people come here with bad intentions. Not because they owe banks money and are trying to open another account. There are plenty of second chance banks out there that will be glad to take anyone.

I was suspended from ebay 3 years ago... never once sold anything illegal, never violated terms....

That's a load of bullpucky. They do suspend people every day just because. Paypal suspends because of beacon score reasons, "suspicious" transactions, dispute result time, traveling abroad, having NO credit, maybe they just don't like the cut of your jib. Maybe you should read the terms.... Ebay is even worse....

Don't project your crap on here without getting your facts straight. I never said people don't commit crimes, but who are you to say they do? You were kicked from ebay. You must have violated their terms.... shame on you.

Suspicion comes from the fact that transactions that were similar were fraudulent. My paypal account was frozen when I traveled abroad. Guess what, I called paypal explained to them the situation and bam 2 minutes later my account was back. And this was a stealth account.

We clearly have two trains of thought. I happen to coach people now how to sell successfully on ebay, I have a pretty large following. I can tell you, pretty much all of the issues people have with suspension is due to something they* did, not paypal or ebay.

:violin:

excuse while I vomit.......


You're the only playing the violin, not I. For what other reson would you join this forum if not for being suspended? You're selling stealth, ANONYMOUSLY without providing ID or SSN? By your own logic, you MUST be up to no good.

Double shame on you.

Well actually, if you care to *read* Post #33 in this thread you will see that I once did sell bootlegs. I did that all day long, and as a result I did have my fair share of issues. I'm 100% legit now and have been for some time. I have a 2000sqft warehouse stocked with inventory that I have shipped in via Sea. I have 3 fulltime employees, I pay income taxes...I'm as legit as they come now ~ in that sense.

I do have a number of paypal accounts. My main paypal account is linked with my SSN.

The reason why I have other accounts is I still have that "just incase" mind set as it used to be necessary for me.

I'm not against stealth accounts, I never said that. I am against people with the intentions of robbing people. That rubbed you the wrong way. I'm done with this, as we're no longer providing useful content to this thread. We can argue about this all day long and never see eye to eye. If you wish, I'll allow you to get the last word in.

Right... you have admitted to selling DVD's, purses, other VERO, and told people to get ID's in order to cash stealth checks...

And you now sell on a stealth paypal which is anonymous.... and you never had the intention of robbing someone, nor has anyone assumed that of you.

Because someone asks if it's possible to open a bank account without ID or ssn you pass judgment?


Shame on you ma'am.

Are you serious?

The issue is NOT nor has ever been about a Stealth PP Account! You're 100% right what you said in the above post about me. As I've said several times in this thread.. I have sold f@ke crap in my day! I'm not hiding that(post #33, #37).. However, you're wrong in the fact that I just told you my main PP account is linked to my SSN.. AND EIN (post# 37) for that matter. Otherwise there is no way I'd be able to withdraw the amounts I withdraw without being limited.

My Argument was never to question stealth accounts. Once again... I'm against people who are trying to open up *bank accounts* with cruel intentions. (post #25, #37) You DON'T need a bank account in a ⊗⊗⊗⊗ name to open a stealth paypal account. It's that Simple.

Your first post or two on this topic was fine..you are free to your opinion. I'm not mad at you for that. As I stated we have different views and ideals! But now you're argument is off base.

I do agree with you, and I was wrong to post that everyone seeking a bank account that does not require a SSN is upto no good. However, I will still argue that most are up to no good. You can get a bank account without a credit score & with poor credit (even if other banks wrote you off) you may have to pay a premium but it's still possible...so there is no point to try to beat *that* system.. unless 1) you're illegal 2) are up to no good.


You're silly insults and remarks are childish at best, try being an adult about things.

Seriously....I know I said I wouldn't post again.. but I had to defend myself. I'm really done now say all you want. But please remember the Main issue (which is NOT stealth PP accounts), if you want to have an adult conversation about it let me know. Remember, personal attacks signal defeat.

One more note:
You mentioned the ID issue to cash Stealth Checks. Yes. If you have money sitting in your PP account for 180 days obviously the people are satisfied with their purchase and are not filing claims. If you are Ripping people off (selling, getting the money and running) then obviously people will file claims and that money won't last in your stealth PP account for 180 days.

So there IS a different between trying to get money that's been sitting for 180 days.. and opening up bank accounts just to Sell iphones and ipads, get the money and run away.

This is what set me off.

Period.