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
Feb 24, 2023

Pretty OK

Recommend
CEO approval
Business Outlook

Pros

This company is good if you are just passing through, regardless of rank. Some areas of the company have nice and easy to work with people. I do feel heard and thought of by my team lead- but this is not the norm.

Cons

This company does not offer competitive pay, nor does it listen to their employees who are begging for it. Even directors are hardly making a living wage. This has led to high turn over and those who choose to stay become very angry and hard to work with. It has created a very toxic environment both in branches and corporate offices. I don't recommend creating a career here, best to just pass through. They also have a hard time changing and moving forward in terms of office environment. Not only are they persistent that in office work is most beneficial (studies prove otherwise) but other programs and processes are inefficient.

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WaFd Bank Response
3y
thanks for your post, I would welcome the chance to hear your feedback directly
5.0
Jan 20, 2023

WaFd has been so good to me

Recommend
CEO approval
Business Outlook

Pros

Recent material pay increase, moving towards a short term pay scale, has been incredibly helpful to me. WaFd has always embraced my drive to move up and given me ample opportunities to prove my capabilities and improve my craft. Best company I have ever worked for.

Cons

Some technology is still outdated, training materials are located on several platforms, so sometimes difficult to find current processes.

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WaFd Bank Response
3y
Really appreciate you noting the material pay increases....... grateful to have you at WaFd Bank
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
4y
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.
Viewing 265 - 267 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.