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
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.
2.0
Jun 24, 2022

Typical Bank Job

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Clients were great most of the time. WaFed doesn’t believe in quota’s which takes a lot of stress off of employees.

Cons

Whatever you save in stress not having quotas is added on in the form of financial stress. WaFed pays employees very low hourly rates.

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WaFd Bank Response
3y
thanks for your post, if you are not feeling heard please reach out to me directly. We and I specifically want the input from our teams.
5.0
Jun 21, 2022

Great place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Stock options, good culture, moving forward on technology and inclusion

Cons

Limited advancement opportunities and wage growth

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WaFd Bank Response
3y
thank you for your post, glad to see you like what we are doing together.
Viewing 166 - 168 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.