Poor Organization, Poor Leadership, Poor Transition, Poor Training, Poor Pay - Anonymous employee WaFd Bank Employee Review

1.0
Sep 5, 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Washington Federal bought our Bank of America banking center, and espoused its firm commitment to making the transition smooth and easy for both employees and customers. They did allow more independence in the branch than Bank of America, and the CEO went to visit many of the new branches. Employees are able to work in many capacities.

Cons

The training before the transition was wholly inadequate, and the Washington Federal employees who were sent to help our branch during the first week were incapable of dealing with the volume of customers we had on a daily basis. They cut employees' pay without notice even after promising that would not happen. Employees are expected to work in many capacities for much lower pay than before. Outdated systems. Extremely high turnover.

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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