WaFd Bank reviews

3.2

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 3.2 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
Oct 20, 2017

Underwriter

Recommend
CEO approval
Business Outlook

Pros

I love working for Washington Federal it is a great company with supportive management that allows for open communication. Company has a strong foundation and history I am proud to be a part of. Upper management seems dedicated to making changes to help move the company forward without compromising its base values.

Cons

I feel my salary does not reflect my experience and while I am told I am doing a great job (always appreciated) I feel I am under paid.

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WaFd Bank Response
8y
Thank you for your hard work and feedback. We are proud to have you on our team! Washington Federal is very much a "total compensation" company. While the base pay may be lower, when you factor in the semi-annual bonuses, 4% 401(k) match and 7% contribution, company-paid life insurance, low insurance premiums, paid time off, and our 'promote-from-within' policy, we feel our total compensation package is actually quite competitive.
2.0
Aug 23, 2017

Anonymous

Recommend
CEO approval
Business Outlook

Pros

New president, no week end work for branch employees, multiple locations, free Orca passes, little to no overtime for branch employees.

Cons

Lack of training, very old school management, archaic processes and procedures, they sell benefits supposedly starting immediately but not true. Never know who you can trust whether it be a co-worker or manager in most departments. Very restrictive work environment. High turnover and no accountability.

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WaFd Bank Response
8y
Thanks for your feedback. Training and updating our business practices in a number of areas are two of our goals for this next year. I appreciate your advice and wish you the best.
1.0
Aug 9, 2017
Recommend
CEO approval
Business Outlook

Pros

The benefits are nice and holiday/sick time/vacation time is available immediately after hire which is a huge plus. The colleagues/Manager I work with in my branch is the only reason I'm still with this company. Working with my team makes it worth my while until I'm ready to further my career.

Cons

The continuous lack of communication between internal departments makes it a constant issue to keep policies/rule changes up to date. This bank has definitely changed a lot from my two years of working here and not for the good. Corporate decided that forcing all clients to change their "free checking" account into a fee-based account without letting the clients have a choice , only to have the outcome result in HUGE losses in client retention (big surprise). It evident that Corporate has no actual teller (face to face) interaction with the clients to see that making all these changes are NOT client friendly and still doesn't try to get branch feedback to help make any big changes that could help keep clients instead of chasing them away. A select few high producing branches and the Corporate branch in Seattle are only subject to bonus as all the other branches don't get a single penny, even for their hard work. That is something the higher ups have failed to make it more achievable for all the other branches who work just as hard. The banking program is not compatible with the computers they provide us at the branches so it's extremely frustrating when you're having to constantly apologize to clients for unacceptable delays in transactions or opening accounts because there are so many technical complications. I could go on and on but I'm sure by now you get my point.

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WaFd Bank Response
8y
Thanks for your advice, we have actually seen our checking account balances grow as a result of adding value added products that do come with a cost ($6). The vast majority of our clients have seen this as a bargain. I will look for ways to get more direct feedback from tellers. Best wishes on your future.
Viewing 211 - 213 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.