Woodforest National Bank

Commercial bank · The Woodlands, United States

Woodforest National Bank is a privately held national bank in The Woodlands, Texas, founded in 1980, with 742 offices and USD 8.99 billion of assets at 30 June 2026. Most of its branches sit inside Walmart stores, which is why it has more offices than banks ten times its size. For companies it sells five business checking accounts, business savings and money market, unsecured and secured lines of credit, owner-occupied real estate loans, merchant services and commercial banking split by revenue band from USD 3 million upward. It also sells Second Chance Business Checking to companies rejected elsewhere, which is unusual disclosure for a bank of this size. Everything is domestic and dollar denominated.

Legal name: Woodforest National Bank
Regulated by: Office of the Comptroller of the Currency, FDIC
Licence confirmed: yes, on a regulator's own list
Established: 1980
Website: www.woodforest.com

Scores, 0 to 10

6.5United States

National bank charter 16892 with 742 offices across 17 states and USD 8.99 billion of assets at 30 June 2026, with five business checking products sold nationwide in store. · source

6.5Financial strength & stability

USD 788.5 million of equity on USD 8.99 billion of assets with ROE of 24.22 percent at 30 June 2026, FDIC insured, but privately held and unrated. · source

5.5Customer satisfaction

Trustpilot rates woodforest.com 3.5 out of 5 from 303 reviews, the largest review base of any bank this size in the batch. · source

5.0On-ramp: buy crypto with fiat

Evidence is thin: the account terms effective 1 August 2026 bar unlawful internet gambling and illegal debit card use but say nothing on crypto exchanges, and no reports of blocked exchange transfers at Woodforest were found, checked September 2026. · source

5.0Off-ramp: crypto to fiat in a business account

Evidence is thin: the August 2026 terms publish no source-of-funds rule for crypto proceeds and no reports of returned exchange wires at Woodforest were found, checked September 2026. · source

4.5Best interest on business balances

Business savings and money market accounts are offered and a deposit interest rate page exists, but no headline business rate is stated on the product pages. · source

4.5Fast digital onboarding

Accounts are opened in one of 742 in-store branches, many open seven days a week, but there is no completed online business application. · source

4.5Business cards (Visa, Mastercard)

Business debit cards are offered and a business credit card is not listed in the small business section; no virtual cards or spend controls are described. · source

4.0Lowest fees

Five business checking tiers are published with transaction allowances such as 500 items a month on Advantage Business Checking, but second chance accounts carry higher fees and long probation. · source

4.0Online businesses: e-commerce and SaaS

Merchant services are sold to small businesses and commercial clients, but there are no multi-currency collection accounts or marketplace payout products. QuickBooks and Quicken download exist, but there is no API, no foreign receiving account and no recurring-revenue financing. · source

3.5Startups & VC-backed companies

Business lines start at USD 5,000 and are underwritten on business assets; there is no pre-revenue, venture or founder programme. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

The bank publishes no prohibited-activities list, but it does openly serve businesses turned down elsewhere through Second Chance Business Checking. · source

3.0Crypto-friendly bank

The bank publishes no policy on cryptocurrency businesses in any personal, small business or commercial page. · source

3.0Cross-border payments, FX and multi-currency accounts

No foreign currency accounts; international money movement is offered through a Western Union arrangement rather than the bank's own rails. Merchant services and business online banking with Quicken and QuickBooks download, but single currency, no pooling and no host-to-host. · source

2.5Fintech companies that need a partner bank

No safeguarding, BIN sponsorship or agency banking offer for payment companies appears on the site. · source

2.5Trade, manufacturing & import-export

No letters of credit, guarantees or supply-chain finance are published, even in the commercial section. · source

2.5Foreign-owned & non-resident companies

Accounts are opened in branch with US identification; no remote or non-resident onboarding path is published. · source

1.0Crypto wallet and custody for a business

Woodforest's small business and commercial pages list checking, Second Chance Business Checking, lending, treasury management and merchant services, with no crypto holding for any client, checked September 2026. · source

1.0Accept crypto payments

Woodforest merchant services and e-Remitt lockbox are card and check collection with no crypto or stablecoin acceptance, checked September 2026. · source

1.0Bitcoin

No bitcoin buying, holding or transfer is offered to Woodforest business clients, checked on its business pages September 2026. · source

1.0Ethereum

No ether product is offered to Woodforest business clients, checked on its business pages September 2026. · source

1.0Stablecoins (USDC, USDT and others)

No stablecoin accounts, payouts or settlement role at Woodforest was found on its business pages or in press, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.