Checking Account Options

We have a checking solution for all situations. Below are the accounts that can be opened within Online Banking. The best part—they’re free. You can also use our checking account comparison page to compare account details at a glance side-by-side.

High Interest*

Checking Account
0.05% - 1.50% APY2

With this account, we basically pay you to bank with us. All High Interest accounts are free, plus it pays monthly rewards, including:

Account Perks
When monthly qualification requirements are met:
1.50% APY2 on Balances up to $20,0002
1.50% - 0.25% APY2 on Balances Over $20,000 Depending on Balance in Account2
Refunds on ATM Fees, Nationwide2
Rewards Details

Even if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate and you can get right back to earning your full rewards the very next cycle that you qualify.

Monthly Qualifications Requirements
At Least 1 Bill Pay or ACH Payment Transaction*
At Least 12 Debit Card Purchases*
Other Perks
No Monthly Fees, No Minimum Balance
Free Online & Mobile Banking
Link to High Interest Saver Account for Easy Savings
Note: Enrollment in e-statements is required in order to open a High Interest checking account.

Cash Rewards*

Checking Account
3.00% Cash Rewards3

Enjoy cash rewards on your everyday debit card purchases, with no category restrictions, plus the account is always free.

Account Perks
When monthly qualification requirements are met:
3.00% Cash Rewards on up to $300 in Debit Card Purchases Monthly3
Refunds on ATM Fees, Nationwide3
Earn up to $108 cash rewards per year, $9 per month3
Rewards Details

Even if you don’t meet these qualifications, don’t worry — your account is still free. Plus, You can get right back to earning your cash rewards the very next cycle that you qualify

Monthly Qualifications Requirements
At Least 1 Bill Pay or ACH Payment Transaction*
At Least 12 Debit Card Purchases*
Other Perks
No Monthly Fees, No Minimum Balance
No Category Restrictions on Purchases
No Minimum Balance to Earn Rewards
Free Online & Mobile Banking
Link to High Interest Saver Account for Easy Savings
Note: Enrollment in e-statements is required in order to open a High Interest checking account.

Freedom Checking

Checking Account
No Strings Attached

Freedom Checking is a simple no-strings-attached checking account. A versatile & reliable product no matter the need.

Account Perks
No Monthly Fees
No Minimum Balance
Free Checks for Customers Over 55 Years Old
Surcharge Free ATMs at MoneyPass ATMs
Choice of Paper or E-Statements
Free Online & Mobile Banking

Additional Terms

*Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. There are no recurring monthly maintenance charges or fees to open or close this account. Must have at least twelve (12) debit card (PIN or signature based purchases accepted) purchases and one ACH debit or bill payment must post & settle during the Monthly Qualification Cycle. Rates and rewards are variable and may change at any time after account is opened. Fees may reduce earnings. Contact one of Woodlands Bank’s Customer Service Representatives for additional information, details, restrictions, processing limitations and enrollment instructions.

2An interest rate of 1.490% will be paid on the portion of your daily balance that is less than or equal to $20,000 and the annual percentage yield (APY) for this tier is 1.50%. An interest rate of 0.250% will be paid on the portion of your daily balance that is greater than $20,000. This will result in an APY for this tier ranging from 1.50% to 0.25%, depending on the account’s entire balance. When High Interest account qualifications are not met, the interest rate paid on the High Interest account will reflect 0.0499% on the entire balance, with an APY of 0.05% and ATM fees are not refunded. The Annual Percentage Yields (APY’s) are accurate as of 1/11/2023 and subject to change without notice.

33.00% cash rewards on debit card purchases (PIN and/or signature based) of $300 of less (maximum cash rewards of $9.00 per Monthly Qualification Cycle), that post and settle to the account during that cycle period. ATM-processed transactions do not count towards qualifying transactions. When Cash Rewards account qualifications are not met, no Cash Rewards payments are made and ATM fees are not reimbursed.

Important E-Statement Information

We would like to inform you that our e-statement customers will not receive a special paper statement on October 4, 2024. This statement will continue as an e-statement. With access to e-statements being unavailable during our upgrade weekend along with the delay of this e-statement being made available to you through Online Banking, we wanted to provide you with options available to you to receive your statement.
If you would like to receive a copy of your paper statement recapping your account activity from your last normal statement issued through Friday, October 4, 2024, please do one of the following:
On or after October 7, 2024:

  • Call us at 570.327.5263 to request a paper statement be mailed to your address.

  • Visit your local branch to request a paper statement.

System Upgrade Important Information

Published 10/4/2024

Our System Upgrade will begin today, Friday, October 4, 2024 and continue throughout the weekend. Please see below for important times.
Online and Mobile Banking will be unavailable starting at 6:00 PM today, and will be unavailable until the afternoon on Monday, October 7, 2024. Please make note of your balances and plan for your cash needs during the System Upgrade. Your debit card will continue to work normally throughout the upgrade weekend.
Mobile Check Deposit will be unavailable starting at 3:00 PM today. Checks can still be deposited by visiting your local branch until 5:00 PM today.
Bill Pay will be unavailable starting at 4:00 PM today. All bills schedule for payment prior to this will process according to when they are set to be paid.
All offices will be closing at 5:00 PM today and will be closed on Saturday, October 5, 2024.
Please visit https://woodlandsbank.com/system-upgrade/ for all updates.
We look forward to growing your experience with us!

Important Notice

Change in Branch Hours

We want to inform you that we are making some changes to our branch office hours. These changes will go into effect on January 1, 2024. Our primary reason for changing our hours is to allow our employees to have a better work-life balance. In-turn, this allows us to better retain our excellent employees which results in even higher standards of customer service that our customers know and love.

View New Hours

We understand that our new hours may affect some of our customers’ normal routines and for that we truly apologize. We recognize change like this can be hard.

  • $1000.00 daily minimum balance to earn interest & avoid a $5.00 monthly service charge.

Qualifying Requirements include:

  • At least 1 bill pay or ACH payment transaction
  • At least 12 debit card purchases

Note: Enrollment in e-Statements is required in order to open a High Interest or Cash Rewards checking account.

IRA Management

Changing jobs or retiring can be an exciting step in your life, but figuring out what to do with your retirement plan and other retirement assets can be confusing. Woodlands Bank Trust & Asset Management Services is here to assist you in making the right choice and will help you to achieve your long-term retirement goals.

Institutional Investment Management

Companies or organizations that hold funds or other assets can rely on Woodlands Bank Trust & Asset Management Services to assist them in managing their resources for long-term benefits. We will provide investment management during a period of time or into perpetuity.

Charitable Investment Management

Non-profit organizations that hold funds or other assets from charitable donations can utilize Woodlands Bank Trust & Asset Management Services to invest those funds for long-term benefits. We will provide investment management during a period of time or into perpetuity.

Executor & Estate Settlement Services

Choosing a qualified executor is essential to the timely and efficient administration of an estate. Our estate settlement services include acting as:

  • Executor
  • Agent for Executor

Estate & Financial Planning Services

The most common mistake in financial planning is not having a plan—having a strong financial and estate plan is vital to your financial health. We will work with you and your estate attorney to craft a plan for your unique needs.

Asset Management & Custodial Services

We will work with an individual to design a portfolio to fit their specific needs and objectives. Our duties will be determined by the type of account chosen.

  • Investment Management Accounts
  • Institutional Investment Accounts
  • Custody Account

Personal Trust Services

A trust permits an individual to carry out personal and financial objectives while providing protection for themselves and their family. The trust agreement sets forth the wishes of the individual, and it is the trustee’s responsibility to carry out those wishes. As a trustee, we will provide impartial advice and counseling for beneficiaries, investment management of the trust assets, continuity of management and a full accounting of all transactions. We offer:

  • Living Trusts
  • Testamentary Trusts (Trusts Under Will)
  • Life Insurance Trusts
  • Special Needs/Situations (Guardianships, Charitable)
  • Agent for Trustee

 

Treasurer's Checks

A Treasurer’s check is drawn on the bank’s own funds and signed by a bank employee. These checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions. There is a small fee for these checks and they are only issued to bank customers.

Wire Transfers

Wire transfers help move money electronically from one person to another, domestically and internationally. This is an effective, safe way to transfer funds between banks. For a small fee, our customers can quickly send payments to others. The cutoff time is 1PM for International wires and 2PM for Domestic wires each business day.

Safe Deposit Box

A safe deposit box is located inside a bank vault and is used to store valuables. A financial institution rents out safe deposit boxes, and they can be accessed with keys. For a small annual fee you can safely store your important papers, etc. You can access your box during the bank’s normal operating hours.

Notary Services

In the United States, a Notary Public is a person appointed by a state government and whose primary role is to serve the public as an impartial witness when important documents are signed. This service is available at each office of Woodlands Bank and is only available to bank customers.