Had great potential, but ultimately very disappointed! - Anonymous employee WaFd Bank Employee Review

2.0
Mar 27, 2014
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Co-workers are GREAT to work with. Traditional, conservative "Bank" Perfect place to start in a banking career - great opportunity to learn skills.

Cons

Extremely low pay, few advancement opportunities, outdated, inefficient computer systems and loan origination process, non-competitive banking products. Getting too big - no more "neighborhood" feel.

Explore other reviews about WaFd Bank

5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 2026
Recommend
CEO approval
Business Outlook

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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