Great way to build your resume - Customer Service Representative (CSR) WaFd Bank Employee Review

1.0
Jun 25, 2022
Recommend
CEO approval
Business Outlook

Pros

For the most part there are really good people to work with. You learn a lot more much more quickly than you would at other places and the hours are good.

Cons

Turnover is ludicrous. Even for the banking industry. In 2022 in WA the starting pay with or without experience is $15/hr. Pay increases are a joke. As a CSR teller I do basic transactions, wires, draws, consumer and business account openings and trust and estate accounts, IRA paperwork, tech support for clients... it goes on and on. As a CSR I actually do more account openings than anyone in the branch including 95% of business account openings. Technically that's more in line with a PB's job description but WaFd doesn't want to pay more. Depending on the branch you're in it can be a fairly stressful environment. I enjoy the fast paced nature and I want a little stress but when you're trying to juggle an absurd amount of duties its easy to lose track of things here and there. Management is generally clueless and too absorbed in loans to provide necessary support. There's no vision insurance and the medical is more expensive and less comprehensive than is typical for the field. Every branch in a 50 mile radius (minus 1) is understaffed. The same pattern exists in the back office departments and other states and regions. They boast about their "promote from within culture" but in practice they know it's easier to hire someone for a higher paying role than to play fair. There's also no paid maternity or paternity leave. When branches have closed for weeks at a time due to covid the lowest paying employees have to use their vacation if they don't have enough sick time. If they don't have either (i.e new hires) they go totally unpaid.

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WaFd Bank Response
3y
I am sorry your experience has you feeling so undervalued in terms of compensation. the world is changing quickly in terms of comp and have been and will continue to make changes...... our goal is to reward performance.

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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