Woodforest National Bank is consistent with their account opening requirements, and is considered one of the “largest” small branch of banks in the United States. To find out if Woodforest National Bank is right for you, continue reading the review below.
Founded in Houston Texas, Woodforest National Bank has stayed open since 1980. They are now one of the strongest community banks in the nation, and have over 700 branches across the country.
They offer a good variety of accounts and services, and even has a Second Chance checking for those who needs to fix their financial issues!
Checking Account Options
Woodforest offers a wide variety of checking accounts that can depend on your location. They have some pretty decent rates and are easy to waive any service fee.
This account is designed to be a low cost option that is to be used for every day transactions.
The minimum deposit is $25, so opening it should be a piece of cake.
If you maintain a balance of $100, then you can waive the monthly fee.
This account unfortunately doesn’t earn interest.
If you have had financial trouble in the past, then this is the perfect account for you.
This account lives up to its name, by providing a checking account that can be opened by almost anyone for $25.
There is a monthly maintenance fee of $9.95 with monthly direct deposit, or $11.95 without monthly direct deposit.
If you have some money on you, then you might consider this account.
For only $25, you can open this interest bearing account and get some decent returns.
To get interest this .05% rate, you must maintain at least $1,000 in the account.
You can avoid monthly fees by also having at least $750.
You will also get unlimited checks.
For those looking to make their money work for them, then this is the best checking account for you.
Get a .50% APY along with a heap of other great features.
However, you must maintain a balance of at least $10,000 to waive the $25 monthly service fee.
Additional benefits include:
- 4 Woodforest custom wallet checks
- A Woodforest Debit Card
- Cashiers Checks
- Money orders
- Notary Services
This checking account is for those who are 55 and older and want to earn interest. You can open it with just $25 as well.
This account earns interest each day the account balance is $1,000 or more while providing many additional services.
There are no monthly fees to worry about, so senior citizens can smoothly keep up with their spending.
Additional benefits include:
- 4 Woodforest custom wallet checks
- A Woodforest Debit Card
- Cashiers Checks
- Money orders
- Notary Services
Compare Checking Accounts
 • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
Woodforest has a low variety of savings accounts, but makes up for it by having the large amount of benefits.
Each savings account includes access to online/mobile banking, email alerts for low balances and eStatements.
For a $25 deposit, you can open up this account and start earning a .10% interest.
There is no monthly minimum balance fee if you maintain a balance of $200 or above each day.
If you maintain $10,000 within the account, you will earn a .15% rate.
Additional benefits include:
- No charge for 3 withdrawals per month
- A Woodforest Debit Card
This savings account functions as a money market since it earns tiered interests.
The account boasts at essentially a .50% rate immediately once you open it with a $25 deposit.
The most notable feature of this account is the large amount of flexibility.
Additional benefits include:
- No charge for 6 withdrawals per statement period
- A Woodforest Debit Card
- Check writing privileges
There is no daily minimum balance to maintain as well.
This savings account earns competitive money market rates while having the most flexibility. For only $25, you can start earning high interest rates!
Additional benefits include:
- No charge for 6 withdrawal per statement period
- Woodforest custom wallet checks
- A Woodforest Debit Card
- Cashiers Checks
- Money orders
- Notary Services
There is also no daily minimum balance to maintain.
Compare Savings Accounts
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.60% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
CD Account Options
Woodforest earns pretty high APY on their CD’s while simultaneously maintaining a relatively low minimum deposit for them. Keep in mind that there are still early withdrawal penalties.
| Term | APY | Minimum Deposit |
|---|---|---|
| 1 Month | 0.50% | $500 |
| 3 Months | 0.75% | $500 |
| 6 Months | 1.51% | $500 |
| 1 year | 2.02% | $500 |
| 2 years | 2.12% | $500 |
| 18 Months | 2.22% | $500 |
| 2 Years | 2.20% | $500 |
| 3 Years | 2.22% | $500 |
| 4 Years | 2.32% | $500 |
| 5 Years | 2.53% | $500 |
Compare CD Accounts
 • Available nationwide online, Discover® offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. |
Reasons to Bank with Woodforest National Bank
- They have a variety of checking and savings account that comes with a decent amount of benefits than most banks have to offer.
- All of their accounts don’t require a very high minimum opening deposit, so it is for the most part, affordable.
- They have a Second Chance Checking (opportunity checking) account for those who have struggled opening a checking account due to financial failures and other issues.
- Their CDs earn very competitive rates for a low minimum opening deposit compared to bigger known banks.
- You can conduct your banking online through Woodforest’s website or mobile app.
- eStatements are available directly on your online account, and you can download them on Intuit® Quicken or Quickbooks.
- Receive low balance reminders and alerts with every savings account.
- Send or receive money with the Western Union® Online Money Transfer program that has partnered with Woodforest. You can find this feature on your Woodforest mobile banking app.
- Access your virtual wallet with online transactions app such as Apple Pay, Samsung Pay and Android Pay.
- If you lose your card, you can also essentially “shut down” your debit card using the Woodforest mobile app.
- They have a checking account for the elderly who still want to earn interest.
Reasons Not to Bank with Woodforest National Bank
- Woodforest National Bank only has branches in 17 states: Texas, Alabama, Florida, Virginia, West Virginia, Georgia, Illinois, Indiana, South Carolina, Pennsylvania, Kentucky, Louisiana, Ohio, New York, Maryland, Mississippi and North Carolina.
- You have to speak to a Woodforest employee in order to open any of the accounts. That means you either have to call or visit any of their branches in person.
- There is no student checking option since Woodforest is considered a smaller bank, but they can apply for a basic checking account if they are over 18.
- Their Second Chance checking account still requires a minimum opening deposit when there are probably others that don’t. For more information, learn more about free checking accounts here.
Woodforest National Bank Routing Number
Woodforest National Bank’s routing numbers vary on state. You can also find your routing number on the lower left corner of your Woodforest National Bank’s check or check their website.
Contact Customer Service
Reach Woodforest Customer Service at 1 (877) 968-7962.
To find a branch closes to you, make sure you use their Locator so you can find out when you can get in touch with them.
How Woodforest National Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Wells Fargo: Located throughout the US with over 5,800 branches and 13,000 ATMs. They offer a variety of deposits accounts, including accounts for teens and customers who need a second chance.
- Bank of America: As one of the larger banks in the U.S. Many may choose BoA for the convenience of locations through out 35 states. However, BoA offers limited account options.
- US Bank:They have approximately 5,000 ATMs locations throughout 25 states. Enjoy 24/7 customer service and mobile banking.
- Webster Bank: Webster Bank has a good variety accounts and even offer a second chance Opportunity Checking account that comes with exclusive benefits. They also offer higher interest rates and more flexibility.
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Bottom Line
If you are looking for a bank that has consistency throughout all their accounts and offers pretty good benefits overall, then consider banking with Woodforest National Bank.
They have affordable accounts and even offers a Second Chance checking account. Being a lesser known bank, they still hold themselves up well.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
if you’re interested in banking with Woodforest National Bank, see what they have to offer through Woodforest National Bank Promotions! And while you’re here on HMB, check our full list of Best Bank Promotions for more options!
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