- Report: #792573
Complaint Review: Woodforest National Bank
| Woodforest National Bank 6000 Coit Rd
Plano, Texas United States of America |
|
Woodforest National Bank Excessive Delay for Checks Deposited Plano, Texas
*Consumer Comment: reading
*Consumer Comment: Customer Beliefs
*REBUTTAL Owner of company: Woodforest National Bank Official Statement
*UPDATE Employee: Humorous
*Consumer Comment: Employees of Woodforest Posting Rebuttals
*Consumer Comment: Not a ripoff
*Consumer Comment: comment
*UPDATE Employee: Uninformed
*UPDATE Employee: Woodforest Customer Service
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I've read the reference below to the Federal Reserve Board rules and also the Consumer Union rules for availability of funds for deposited checks. Woodforest obviously doesn't follow (and doesn't care) about following the regulations for funds availability.
The only thing worse than the excessive delay which generates interest from the daily float for Woodforest, is dealing with the tellers. The bar isn't set real high for employment at Woodforest. The first teller I spoke with said "I don't know where the Federal Reserve Bank is at, I work here at Woodforest." There's usually at least one person at the branch who is reasonably competent, but the IQ superiority of the Walmart clerks is readily apparent. (Woodforest branches are located in Walmart stores).
More a matter of principal than necessity for me, the long delay of making funds available is just another example of Woodforest's "take advantage of the consumer...because we can" attitude. News reports routinely have stories about well-known banks like Bank of America and Citibank taking advantage of consumers. Woodforest policies and practices clearly illustrate that it's not only the large well-known banks that people need to call into question. This has been an eye-opening experience for me.
This report was posted on Ripoff Report on 10/26/2011 08:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/Woodforest-National-Bank/Plano-Texas-75023/Woodforest-National-Bank-Excessive-Delay-for-Checks-Deposited-Plano-Texas-792573. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Comment
reading
AUTHOR: Thomas Kielbasinski - (United States of America)
SUBMITTED: Thursday, December 06, 2012
#2 Consumer Comment
Customer Beliefs
AUTHOR: Anonymous - (United States of America)
SUBMITTED: Tuesday, September 11, 2012
As a prior customer I must agree with what the owner to comment #6 said. I appreciated the bank holds and the fact that the representative at the time explained them to me. No other bank will do that! I've had accounts at numerous banks, all of which have me sign documents, then push me out the door. At least when I had a woodforest account, they took the time to get to know me , treated me like a human being, and made me aware of everything before I walked out of the branch .
It appears that you sir must have opened your account with someone who did not follow proper procedures and maybe woodforest should handle that.
I will say this though. Woodforest's customer care is the worst I've ever dealt with. I've always been belittled when calling them, instead of handling my problem, they put me on hold for long periods of time then transfer me to the branch. ( If i wanted to speak directly to the branch I'd call them myself ) .
With that being said, If i still lived in a state with a woodforest, my account would still be opened. But being a military family, we moved. The Bank is a good bank , with some very very nice people working for them. .
#3 REBUTTAL Owner of company
Woodforest National Bank Official Statement
AUTHOR: Woodforest Customer Service - (USA)
SUBMITTED: Monday, August 13, 2012
#4 UPDATE Employee
Humorous
AUTHOR: KatieLynn - (United States of America)
SUBMITTED: Saturday, August 11, 2012
Hard to believe , i know.
Obviously you do not know how the Federal reserve works as it normally takes anywhere from 5 to 7 business days for a check to debit ones account and post to another, therefore making the 7 business day hold legit for an account holder. Imagine the check you deposited was written fraudulently and it charged back in your account, because there was no hold placed. Your account would be debited the amount of the check which inevitably might cause your personal checks to bounce. How dare us as a bank be concerned for the well-being of our customer...
I am simply stunned by the ignorance you have Blatantly shown throughout your report. Please Learn the actual facts before posting ridiculous accusations as such. I'd be more than happy to educate you on a higher level, that is if you think my I.Q. is worthy enough for you to listen.
#5 Consumer Comment
Employees of Woodforest Posting Rebuttals
AUTHOR: PlanoTeacher - (United States of America)
SUBMITTED: Tuesday, January 24, 2012
The largest Governmental fine in history against a bank was against Woodforest Bank for charging excessive fees. This is a fact. The President of Woodforest publicly stated "I feel the fees are within reason and good business practice."
Woodforest in the only bank in the area who hires High School graduates without a college degree. This is part of their business strategy - the less employees think about how they're ripping people off, the better they will sleep at night. "Sexy Angel" is undoubtedly among these hires. With no real world experience and not many prospects of working at another bank, these employees are grateful to have a job and are the "Miller Light Girls" pushing Woodforest Banking products and policies.
Woodforest Bank is basically a group of Houston oil people who felt that they could dip into the financial market and use that income to even out the oil market high and lows.
I've since switched my account to ING Direct and my deposits are ALL credited within 5 days. There are no overdraft fees, check fees or debit card fees which are charged by Woodforest. What I appreciate most is that ING doesn't pile on the BS like Woodforest.
#6 Consumer Comment
Not a ripoff
AUTHOR: cjones@otl-upt.com - (U.S.A.)
SUBMITTED: Saturday, January 21, 2012
It may be legal but it isn't good customer service.
#8 UPDATE Employee
Uninformed
AUTHOR: ~ Sexy Angel~ - (United States of America)
SUBMITTED: Friday, January 20, 2012
Angel
#9 UPDATE Employee
Woodforest Customer Service
AUTHOR: Woodforest Customer Service - (USA)
SUBMITTED: Thursday, October 27, 2011

