WaFd Bank reviews

3.3

49% would recommend to a friend

(644 total reviews)
avatar

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
4.0
Apr 5, 2014
Recommend
CEO approval
Business Outlook

Pros

The retirement plan. The company matches dollar for dollar up to 4% fully vested, and additionally contributes 7% with a five year vesting period. Two weeks of paid vacation (after six months of employment) isn't bad either, and it is mandatory that five of those vacation days are consecutive. The company also has a pretty good set of corporate values which I'd say are more or less striven for both externally and internally; most people from the front line to the back office seem interested in doing the right thing by people. For the most part work hours only fall during the work week, though we are beginning to see this change.

Cons

The pay, especially for entry level positions. A lot of banks are hard to get hired on at without prior experience; Washington Federal will hire you, but they won't pay you what those are banks are paying people in the same position. When I started a coworker who has been with the bank for some time told me that Washington Federal is the bank that trains people on good banking practices before they go to other banks to get paid more; there has been a lot more truth to this than I realized. It was not until I transferred to a back office position that I finally got bumped up to a decent wage. I am very confident that I make more now than my former branch coworkers, and I suspect I make close to if not more than my former branch manager. If you are going to work for Washington Federal try to either get a back office position or work your way into one. Not only will you have a lot better chance of sticking around to enjoy that retirement plan, but back office (support staff) employees are bonused differently (better) than branch employees.

4.0
Apr 4, 2014

Great Stable Company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

We are loyal to community, clients and colleagues. We place high value on simply being nice and presuming good will when serving colleagues and clients. We have the culture of a small community bank, but the strength of a big bank. We are one of the strongest financial institutions in America. We have a great 401K retirement. Good benefits. We have nice employees. We have a CEO and Executive Management Committee who are disciplined, genuine and believe in and live by our corporate values.

Cons

Most of the cons center around antiquated technology. Over the next several months we will implement a new core system that will allow us to be more effective in our processes.

3.0
Apr 4, 2014

Mixed Feelings

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It is hard to come up with a lot of pros to work at Washington Federal, as most of the reasons I came to this company have slowly but surely started to go away. The hours are still great, hoping that they stay the same...

Cons

The pay is terrible here compared to other banks, raises are so small they don't make a difference. New programs, products, etc are usually rolled out without being perfected first, then there is always a lot of back tracking to try and get it right. Nobody seems to be on the same page, if you call one person to ask a question, you will usually get a different answer from someone else. It can be frustrating at times for employees and for clients.

Viewing 598 - 600 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.