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

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.

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.