It's like my family. - Anonymous employee WaFd Bank Employee Review

5.0
11 Nov 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I've worked at Washington Federal since my former bank employer was acquired over 20 years ago. It's a place where one person really can make a difference and where you're expected to take initiative to make the company better. Pay may be on the more modest side, but the bank matches the first 4% of my 401(k) and then kicks in another 7%, so my retirement account looks great. They also are generous in covering a large chunk of my health insurance premiums for me and my children.

Cons

The organization is fairly unstructured in its approach compared to other banks. You have to be a self-starter and you have to love taking care of clients. The incentive plan is more team-based, so if you want a commissioned-sales environment, this isn't for you.

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.

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