WaFd Bank

WaFd Bank, headquartered in Seattle, Washington, is a regional financial institution with a rich history dating back to 1917. Over the years, it has grown to become one of America's strongest financial institutions, boasting a high capital ratio among the nation's largest publicly traded banks.

As of September 30, 2024, WaFd Bank reported assets totaling $26.252 billion and a net income of $200 million.

Operating across nine states—Washington, Oregon, Arizona, Idaho, Nevada, Utah, New Mexico, California, and Texas—WaFd Bank has established a significant presence with 210 branches. This extensive network underscores its commitment to providing comprehensive financial services to a diverse clientele.

Company Locations

WaFd Bank has established key locations in the following cities:

• Salem, OR, USA
• Sun City, AZ, US
• Portland, OR, USA
• Seattle, WA, USA

Personal Banking Services

WaFd Bank offers a range of personal banking solutions designed to meet the varied needs of its customers. These include:

• Checking Accounts: Options include Interest Checking, Rewards Checking, and Free Checking, each tailored to different financial preferences.
• Savings Accounts: Various savings options allow customers to choose interest rates and features aligned with their financial goals.
• Certificates of Deposit (CDs): Competitive CD rates, including special offers with up to 4.10% Annual Percentage Yield.
• Individual Retirement Accounts (IRAs): Traditional and Roth IRAs with no-fee rollovers and transfers.
• Credit Cards: Cash Back Credit Card offering up to 2% cashback with no annual fee and contactless payment options.
• Online and Mobile Banking: Convenient account management via online banking and mobile apps, featuring bill pay, mobile deposit, and real-time alerts.

Business Banking Services

For businesses, WaFd Bank provides a suite of services focused on operational efficiency and growth, including:

• Payment Processing Services: Integrated solutions for accepting payments anywhere, anytime, on any device.
• HR and Payroll Services: Comprehensive payroll programs simplifying job listings, hiring, payroll processing, and compliance.
• Point of Sale and Inventory Systems: Tailored systems to monitor inventory and manage sales.
• Customer Engagement: Tools like digital gift cards, loyalty programs, and email marketing campaigns to build loyalty and drive sales.
• Cash Flow Management: Platforms offering insights into cash flow for better planning and profitability tracking.
• Accounting Automation: Automated processes with customizable charts of accounts and real-time financial tracking.
• CollectEarly™: Enables businesses to receive payments in as little as four hours, optimizing cash flow.

Commercial Real Estate Services

WaFd Bank's commercial real estate division offers financing for diverse properties, including multi-family, commercial office, industrial, and mixed-use developments. The bank provides:

• Flexible options such as short-term, variable-rate construction financing.
• Long-term, fixed-rate permanent loans.

Community Engagement and Financial Inclusion

WaFd Bank actively participates in initiatives that promote financial inclusion, demonstrating strong community commitment:

• Bank On: Offers the Fresh Start Account for unbanked or underbanked individuals providing safe and affordable banking options.
• Financial Coaching Services: One-on-one support to improve financial literacy and money management strategies.
• Save at School Program: Engages students in learning saving habits through monthly bank days and education on financial responsibility.
• Banzai! Financial Education: Provides articles, virtual coaches, and interactive tools on financial topics accessible to clients and nonprofit partners.

In summary, WaFd Bank combines a rich legacy with a forward-thinking approach, offering a comprehensive range of financial services to individuals, businesses, and communities across its operational states. Its dedication to simplicity, customer service, and community involvement underscores its role as a trusted financial partner.