If you are a business and want to open an account, be prepared to be put through the wringer as if you are applying for a loan.
All I wanted was to open a bank account for my online business which has been opened for over a year and has had over $200k of revenue. I have never bounced a check, had a perfect credit score and passed their background check. But I was told that because I did not have a brick and mortar store they declined to open an account for me.
It's 2012 and global ecommerce is estimate to reach 1 trillion dollars annually and set to increase by 62% by 2016.
Woodforest seems to have no interest in serving customers who make their money consulting and with online businesses and I have no interest in being scrutinized to the point I have to go into my business model and websites to validate I am a legitimate business. read more