WaFd Bank reviews

3.3

49% would recommend to a friend

(644 total reviews)
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Brent Beardall

63% approve of CEO

41% positive business outlook

WaFd Bank has an employee rating of 3.3 out of 5 stars, based on 644 company reviews on Glassdoor which indicates that most employees have a good working experience there. The WaFd Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

644 reviews
3.0
Nov 16, 2016
Recommend
CEO approval
Business Outlook

Pros

The company has a very competitive benefit package. Low health care premiums for a great provider (BCBS). FSA's for both health and dependent care. 401k with matching up to 4% and a generous biannual addition of 7%. 80 hours of vacation time annually for new employees (more after a certain number of years or with certain promotions). Washington Federal also doesn't have harsh quotas or sales expectations. It's very low stress, and you're able to suggest products to customers that you feel would truly benefit from them rather than just forcing them down each person's face. There are a lot of employees (usually supervisors or managers) who have been with the company for 10+ years, so you can really take advantage of their knowledge about the industry and company.

Cons

The pay is around 10% lower than industry standard. Especially considering employees are expected to wear many hats, they should be getting paid MORE not LESS than other companies. For example, the tellers (CSRs) are able to open and close accounts, service accounts, handle legal documents, and basically perform the functions of a personal banker at any other major banking institution. However, we're paid way less than a personal banker, and even a little less than some tellers (I guess because we get such a great benefit package?). The personal bankers here are expected to be IRA experts, open and close accounts, go marketing for new accounts, and handle loans (all of which is like 3 different jobs at another bank) and they barely get paid more than the CSRs. Branch managers are also the loan officers (which are usually 2 separate jobs) and get paid less than branch managers at other institutions. Because of the high expectations and low pay, the company has difficulty with hiring. Qualified applicants won't take the pay, and people that will take the pay tend to be way under-qualified, so we've seen an increase of staffing with people either not qualified for the job or they quit because they can't keep up. People that are qualified tend to leave once they find a better paying job within the industry.

5.0
Nov 15, 2016
Recommend
CEO approval
Business Outlook

Pros

Great Friendly Working Environment, Competitive Pay, Bonuses Available To Hard Workers, Good Benefits, Overtime Available From Time To Time, Opportunities To Move Up In the Company, Friendly Supervisors, Flexible Scheduling, Free Snacks, Free Coffee, Free Name Tag, Free Coffee Mug, Free Calendars, Free Checking Account, Free Checks, Free Refrigerator Usage, Free Pens, Free Tote Bag, Free $5 Starbucks Gift Card, Free Pizza Sometimes, Free Foods, Paid Vacation, Paid Sick, Family Leave, Comfortable Work Environment, Comfy Computer Chair, I Get To Dress Nice And People Address Me As "Sir" Instead of "Boy".

Cons

No Pets Allowed, No Mini Fridge Under Desk.

4.0
Nov 15, 2016
Recommend
CEO approval
Business Outlook

Pros

With traditional values and a focus on simplicity WAFD cant be beat. As a branch employee it is great to have Saturday and Sunday off! Basic and simple products make WAFD the best place to gain banking experience without the pressure of meeting a quota.

Cons

Not much movement in promotions and raises unless willing and able to relocate/commute. Professional dress code, no casual days.

Viewing 472 - 474 of 644 Reviews

Glassdoor has 658 WaFd Bank reviews submitted anonymously by WaFd Bank employees. Read employee reviews and ratings on Glassdoor to decide if WaFd Bank is right for you.