Looking forward to changes - Anonymous employee WaFd Bank Employee Review

3.0
Apr 14, 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The company has a great 401K but that does not help pay the monthly bills.

Cons

Very low pay even for long time experienced employees. The bonus is supposed to be great however don't work at a branch that is hard to gain business or you will not get a bonus even if you worked harder than other branches that have it eaiser with a lot of walk in traffic.

Explore other reviews about WaFd Bank

5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 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.

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