WaFd Bank reviews

3.2

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 3.2 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
1.0
Apr 1, 2014

Stressful, over worked and under paid.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The one thing I will say about this company is that It is a good place to learn the basics and get an understanding of banking.

Cons

For the jobs ( I say jobs because you will have many) that I did I was very very under paid and pushed into doing jobs that I was not comfortable with but still had to do in order to keep my job. When I had a issue with a manager it was blown off and that manager and HR made me feel like it was my fault and I needed to have more of a back bone. The computer systems are very hard to work on. For the day and age we live in this company is still in the 1800's when it comes to our systems. They say our account are "live" that is BS there is nothing live about it. The pay is very bad. They will try and make you feel like getting the bonus and 401k will make up for the lack in pay, but what they won't tell you is in order to be fully vested in your 401k you have to work for the company for 6 years. The bonus is becoming harder and harder to earn, when the branches are very slow. They say we have local underwriting when it comes to approving the loans but yet it takes 2 weeks to get an answer just for a credit decision. We have lost many clients because of that. Which means no client ,no loans, no bonus. I could go on and on.

1.0
Feb 4, 2014
Recommend
CEO approval
Business Outlook

Pros

If you desperately need a job, then sure

Cons

Expectations and double standards outweigh quality of performance. Too much, for way too little.

2.0
Aug 15, 2013
Recommend
CEO approval
Business Outlook

Pros

Work hours are Monday through Friday with no weekends. Retirement benefits are good, but watch out for bank administrator fees on your 401-k plan. If your bank is being acquired by this bank they will offer for you to stay, but in one their job positions and expect a serve pay cut.

Cons

Wages are terrible, barely above minimum wage. Turn over is an accepted part of their business philosophy from branch management down to the customer service reps; as everyone hired quickly becomes dissatisfied with the low wages and covering everyone else's job. Outdated systems and rigid old school corporate polices will eventually wear you down.

Viewing 232 - 234 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.