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.

3.0
Mar 31, 2014
Recommend
CEO approval
Business Outlook

Pros

Fun co-workers, pleasant work environment, low stress at branch level, weekends off, good bonus opportunities

Cons

Salary is a slap in the face. Not a lot of recognition. High turnover due to low salary. People tend to use us for training, then go somewhere else with their newfound knowlege for higher pay.

1.0
Aug 24, 2011

Greedy Company...

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The hours are from 8:45 to 5:15, great if you're looking for stability.

Cons

I do not recommend anyone to work for this company. The pay is low, you will not feel appreciated, since everyone either quits or get fired you will always have to cover several positions but you won't get paid more, the HR department avoids you whenever you have a question or an issue, no flexibility, zero motivation, lack of training, low opportunities for growth (unless you have connections with people on the top)... etc etc I could keep going. This company just concentrates in buying other banks and the bigger it becomes the worst for the employee and customer. I can't believe I wasted so many years working in this company, now I work at another bank in the same position and earn almost twice the salary.

Viewing 76 - 78 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.