Woodland Bank has five branches in Minnesota and thousands of surcharge-free SHAZAM ATMs nationwide. It offers business savings, checking accounts, lending, merchant card services, cash management, notary services, direct deposit, and safe deposit boxes. In this article, we cover Woodland Bank business checking reviews and fees. Ready to get started? Apply now.
Woodland Bank Business Checking Fees & Rates
The Woodland Bank business checking fees include a monthly payment of $5 (which can be waived with a minimum balance of $200), an overdraft charge of $27.59 per item, and domestic wire transfer fees of $15 for incoming transfers and $20 for outgoing transfers.
|Monthly Fee||$5 per month if the balance requirement is not maintained|
|Minimum Balance Requirement||$200|
|Transaction Fee||No transaction fee if the balance requirement is maintained. Otherwise, it’s $0.15 per item|
|Wire Transfer Fees||Domestic (incoming): $15|
Domestic (outgoing): $20
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$27.59 per item|
$5 daily Continuing Overdraft Fee (charged after the third business day of the account being overdrawn)
|ATM Fee||No fee when you use network ATMs|
Summary of Woodland Bank Reviews From Around the Web
We compiled online Woodland Bank reviews and found that it is rated A+ by the Better Business Bureau and 4.6 stars on Facebook. Customers who left a review like its Kasasa banking program, which pays customers back through money rewards.
Woodland Bank Network
Woodland Bank has five office locations and eight ATMs in Minnesota. Its customers may also access their funds from thousands of SHAZAM ATMs nationwide, free of charge. You may view its branch locator to check which location is closest to you.
Woodland Bank Additional Business Banking Services
Woodland Bank also offers the following business services: savings, money market and health savings accounts (HSAs), credit cards, and business lines and loans. It currently does not offer wealth management. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Business Checking Account for Small Businesses
Have you read these Woodland Bank business checking reviews and are still not sure if it’s right for you? Read our business checking account buyer’s guide comparing the top options and learn which bank we named the best business checking account for small businesses.