Stressful, over worked and under paid. - Anonymous employee WaFd Bank Employee Review

1.0
1 Apr 2014
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.

Explore other reviews about WaFd Bank

5.0
18 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
28 May 2026
Recommend
CEO approval
Business outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

See reviews by: Helpful|Rating|Date|All