Summary: The Woodforest online banking platform does not directly offer any products or services for customers to buy and sell stocks. That said, they do allow customers to withdraw funds from their bank account onto licensed and regulated stock brokerage platforms in the USA.
For investors looking to get started quickly, we recommend the eToro platform. They offer instant and free ACH bank transfers, or debit card and credit card deposits for Woodforest Bank account holders to buy and sell over 8,000 stocks, ETFs, commodities and other assets.
How to Buy Stocks with Woodforest National Bank
As mentioned above, the easiest way to invest in stocks and other financial assets with a Woodforest Bank account in the United States is with a FINRA-licensed broker. We recommend the eToro broker because they offer instant deposits from Woodforest online banking and great customer support to help new investors get started.
You can buy and sell stocks from Woodforest online in 4 simple steps:
- Create Account: Register to the eToro trading platform.
- Deposit USD: Find the Deposit Funds button and transfer USD via ACH Transfer or Debit Card/Credit Card from your Woodforest Bank account.
- Find Asset: Find the Stock, ETF, or another asset you want to buy on the eToro platform.
- Buy Stock: Input the USD amount you want to invest and execute your trade.
Can I buy Woodforest Stocks?
The short answer is no. Woodforest Bank is a privately held company based in The Woodlands, Texas. Woodforest National Bank has announced no plans to do an Initial Public Offering (IPO), which means you cannot get investment exposure to one of Texas' fastest growing full-service banks.
About Woodforest National Bank
Woodforest National Bank (“Woodforest”) is a privately held bank headquartered in The Woodlands, Texas. It has over 780 branches in 17 states across the United States. Woodforest offers a full range of banking services to its customers, including checking and savings accounts, loans, credit cards, and online banking.
Woodforest was founded in 1980 and is one of the largest privately held banks in the United States. It is a member of the FDIC and is regulated by the Federal Reserve Bank. The bank also offers a variety of loans, including personal loans, auto loans, home equity loans, and mortgages. Woodforest also offers online banking and mobile banking services.
The bank has received numerous awards and recognitions, including being named one of the Best Banks to Work For by Forbes magazine and one of the Top 100 Most Reputable U.S. Companies by Reputation Institute. If you are looking for a full-service bank that offers a wide range of products and services, Woodforest National Bank may be a good option for you.