WoodForest Bank is.....KING

[detaildude]

I opened a 2nd chance personal and biz checking acct. at woodforest about 6 months ago, when I

started cleaning up my credit reports. I realized then that they were more crooked than any of the payday loan places, but it was quick and ez so I jumped on in. I decided that I'm not giving them

another dime, I'm going down today and closing both my accts. There may be some branches that are

ok but some like the one's here are class action lawsuits waiting to happen.

 

The only reason to set up 2nd chance checking accts like they have is to take advantage of people

who are already down on their luck. They prolly have the payday loan guy's jealous. Now, that

I have vented I will explain and you be the judge.

 

Some branches add overdraft on to checking accts. automatically after 30 days. Here's the good part.

 

The overdraft is for $100 with a $35 O.D. fee and THEN after 7 days they start adding on another

$3.00 per day. Nice interest, after a month that $100 costs over $200 to pay back.

 

They claim they are just trying to help people out, yhea RIGHT

 

I'm done

Tim

[Anubis]

I hope this doesn't sound preachy as I had my own share of self-inflicted Chex problems for a long time, but really what a bank charges for an overdraft shouldn't matter. Just don't overdraw the account and you'll never have to worry about that fee.

 

If my bank charged $1000 per overdraft I wouldn't care because I haven't come close to overdrawing since 2002 and never plan to. I just wish banks would get out of the paper check business and make everything electronic and instant. Then overdrafts would be essentially eliminated.

[mca]

Most everyone that I know of that has got an account with WoodForest is so far extremely happy with them. All banks charge when an account goes negative. I know of some that charge a fee per day until the account is positive.

[goodcredit50]

I opened an account with woodforest only because I like their banking hours. I started to wonder about the bank because they charge 12.00 annual for a debit card and you have to kept your account open for at least 6 months, but like I said I liked the banking hours so I went for it. I never kept more then 3.00 dollars in the account. I unemployed so Iam recieving and unemployment check I usually cash it through walmart for 3.00, but for some reason I decided to deposit it into my Wood account the girl told me it would be a 7 day hold. I said are you sure its only 7 days she looked it up and said yes. I recieved a letter 2 days later saying that it will be a 11 day hold. WTF.The letter said We have confidential information that indicated the check may not be paid. It's a state of California unempolyment check. How would it not be paid. They are stealing my money for 12 days. I can't get my money ont the 11 day. they will release it on the 12 day. I called the branch manager and she said that there is nothing she can do. Oh I will loan you 300.00 for a 34.00 dollar fee. Then she said will you recieve any money by the 9th of march because you will then have overdrawn fees until the check clears on the 12th. they are trying to rob me. you can loan me the money but you can't give me my own money. I called the main branch and asked to speak to the person who sent the letter he would not get on the phone he told the CSR that he just sends out the letter. I asked to speak to the manager because at this point I just want my check back she said we don't have the check. You will have to wait it out. How can they do this. I will be closing my account after the 6 months. Please be aware of this bank