Started off good and then went downhill pretty quick. - Bank Teller WaFd Bank Employee Review

1.0
Aug 9, 2017
Recommend
CEO approval
Business Outlook

Pros

The benefits are nice and holiday/sick time/vacation time is available immediately after hire which is a huge plus. The colleagues/Manager I work with in my branch is the only reason I'm still with this company. Working with my team makes it worth my while until I'm ready to further my career.

Cons

The continuous lack of communication between internal departments makes it a constant issue to keep policies/rule changes up to date. This bank has definitely changed a lot from my two years of working here and not for the good. Corporate decided that forcing all clients to change their "free checking" account into a fee-based account without letting the clients have a choice , only to have the outcome result in HUGE losses in client retention (big surprise). It evident that Corporate has no actual teller (face to face) interaction with the clients to see that making all these changes are NOT client friendly and still doesn't try to get branch feedback to help make any big changes that could help keep clients instead of chasing them away. A select few high producing branches and the Corporate branch in Seattle are only subject to bonus as all the other branches don't get a single penny, even for their hard work. That is something the higher ups have failed to make it more achievable for all the other branches who work just as hard. The banking program is not compatible with the computers they provide us at the branches so it's extremely frustrating when you're having to constantly apologize to clients for unacceptable delays in transactions or opening accounts because there are so many technical complications. I could go on and on but I'm sure by now you get my point.

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WaFd Bank Response
8y
Thanks for your advice, we have actually seen our checking account balances grow as a result of adding value added products that do come with a cost ($6). The vast majority of our clients have seen this as a bargain. I will look for ways to get more direct feedback from tellers. Best wishes on your future.

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5.0
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Pros

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Cons

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2.0
May 28, 2026
Recommend
CEO approval
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Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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