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
1.0
Jun 20, 2014

Invested Here

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Honestly not many Pro's. Work schedule is easy. Work environment is generally relaxed. Will hire without prior banking experience giving many people their first foray into banking. Opportunities for training and learning if you know where to find them.

Cons

A common complaint that I see is compensation. It is criminally low. Low enough to where the new Seattle wage will have a massive effect on even many of the corporate employees who make less the $15 an hour. The amount of work you do for that low pay is also ridiculous. They expect the CSR's to be personal bankers essentially and yet they pay them slightly above minimum wage. The company motto is "Invested Here" but if you don't invest in your employees why should they invest in making the company a profitable one. Without a competitive wage I see more and more unqualified individuals being hired. Since the company doesn't have a competitive wage we are getting passed over by many very qualified individuals. In addition, the people that actually work hard and try to make the company better eventually leave for better compensation. They try to include the bonus in your compensation package but it isn't guaranteed so why bother including it. In addition the perks and benefits are slowly being chipped away. The 401K is great if you can afford to actually put money into it. However, since the wage is so low most can't afford to and are forced to live paycheck to paycheck. With the new additions the company is turning less into a community bank and more into a big bank that swallows up community banks. So many acquisitions in such a short time has put a strain an every employee at the corporate level.

2.0
Apr 2, 2014
Recommend
CEO approval
Business Outlook

Pros

Possible bonus twice a year, health insurance, mileage reimbursement

Cons

Suggests employees write good reviews on Glassdoor, low pay, barely above minimum wage, spread too thin with responsibilities, turning into a sales-y big bank.

1.0
Apr 1, 2014
Recommend
CEO approval
Business Outlook

Pros

Work with great staff at branch level, Minus Manager

Cons

Salary is a joke. Go elsewhere make more and not have to cover other peoples jobs. Health Plan is cheap but thats due to the coverage being bad. Benefits are not good,, i am guessing those who say they are have never worked anywhere else. 401k is great if you can afford to pay into it but with below average salary you cant. bonus structure has to many things affecting it. your lucky to get a small one. management is borderline incompetent. Very outdated systems and processes. not competitive with anybody as far as products.

Viewing 109 - 111 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.