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Woodforest Bank / excessive fees

1 United States Review updated:

I opened an account at Woodforest Bank for convience. That was by far one of the worst mistakes I have ever made. My SS Disability check is deposited directly in to this account. Why would a gvoernment check be listed as"pending. Because of this my check is only $812.00, I was hit with over $500. in overdraft fees and charges. for someone that lives on a fixed income that is a very big blow. I do hope eventually some agency will step in and put a stop to this.

Ha
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Comments

  • Fa
      16th of Mar, 2009
    -1 Votes

    No agency will stop this. This is a federally regulated institution just like any other bank. Have you talked to the bank? I work for another bank and even though your check is direct deposited, it can still be listed as pending and was more than likely in your available balance. Ask your bank for a refund.

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