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Wafd Bank

Seattle, WA · Est. 1917 · Website ↗
B
Trust Grade
Strong
Score: 87/100

Wafd Bank is a bank based in Seattle, Washington, established in 1917, with $27.6 billion in total assets across 215 branches. By Trust Grade it ranks 23rd of 30 banks we track in Washington. Its capital ratio of 10.9% trails most similarly sized banks (38th percentile), versus a Washington median of 10.8%. It was profitable over the most recent period, with a 0.99% return on assets. Consumers filed 96 complaints about WAFD BANK with the CFPB — 3.5 per $1B in assets, a lower rate than 58% of peers.

Total assets
$27.6B
$10B–100B institution
Deposits
$21.2B
Branches
215
Capital ratio
10.9%
Bottom 38% of $10B–100B peers · Washington median 10.8%
Return on assets
1.0%
Bottom 34% of $10B–100B peers · Washington median 0.96%
Rank in Washington
#23
of 30 banks

How Wafd Bank compares to Washington peers

Capital ratio
Bottom 38% of $10B–100B peers
Wafd Bank
10.9%
Washington median
10.8%
Higher capital ratio = stronger financial cushion
Return on assets
Bottom 34% of $10B–100B peers
Wafd Bank
1.0%
Washington median
1.0%
Higher ROA = more profitable relative to asset base

How we graded Wafd Bank

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
98/100
Customer experience
76.73333333333332/100
Overall
B · 87
  • Strongly capitalized (10.9% capital ratio)
  • Profitable (ROA 0.99%)
  • 3.5 complaints per $1B in assets

Consumer complaints (CFPB)

96 complaints filed with the CFPB against WAFD BANK — 3.5 per $1B in assets.

Total complaints
96
Per $1B assets
3.5
Lower = better
Answered on time
95.8%
Closed with relief
8.3%
Complaints by product
Checking or savings account
68
Mortgage
14
Money transfer, virtual currency, or money service
5
Credit card
3
Credit reporting or other personal consumer reports
2

Branch locations (215)

  • 1301 N Hudson St., Silver City, NM 88061
  • 5215 S 6th St, Klamath Falls, OR 97603
  • 325 E Bender Blvd, Hobbs, NM 88240
  • 1500 Cornwall Ave, Bellingham, WA 98225
  • 135 S Redwood Hwy, Cave Junction, OR 97523
  • 2720 N Prince St, Clovis, NM 88101
  • 101 E Johnson Ave, Chelan, WA 98816
  • 108 N Park St, Chewelah, WA 99109
  • 103 E 1st St, Cle Elum, WA 98922
  • 225 E 1st Ave, Colville, WA 99114
  • 708 Us Highway 2, Leavenworth, WA 98826
  • 103 E 3rd Ave, Moses Lake, WA 98837
  • 830 N Wenatchee Ave, Wenatchee, WA 98801
  • 105 W 1st Ave, Odessa, WA 99159
  • 21 W Bartlett Ave, Omak, WA 98841
  • 405 E Main St, Pullman, WA 99163
  • 702 S Clark Ave, Republic, WA 99166
  • 111 W Main St, Walla Walla, WA 99362
  • 748 6th St, Clarkston, WA 99403
  • 16 N Main St, Deer Park, WA 99006
  • 224 S Washington Ave, Newport, WA 99156
  • 500 Central Ave S, Quincy, WA 98848
  • 298 W Mariposa Rd, Nogales, AZ 85621
  • 215 N Columbia St, Milton-Freewater, OR 97862
  • 1014 W 6th St, The Dalles, OR 97058
  • 541 Terrace Ave, Chama, NM 87520
  • 10 Bisbee Rd, Bisbee, AZ 85603
  • 1001 N G Ave, Douglas, AZ 85607
  • 1315 S 4th Ave, Yuma, AZ 85364
  • 1301 E Deuce Of Clubs, Show Low, AZ 85901
  • 940 W Williams Ave, Fallon, NV 89406
  • 2501 Mountain City Hwy, Elko, NV 89801
  • 81 W Mesquite Blvd, Mesquite, NV 89027
  • 1480 Us Highway 95a N, Fernley, NV 89408
  • 855 Rainier Blvd N, Issaquah, WA 98027
  • 19265 State Route 2, Monroe, WA 98272
  • 15635 Ne 8th St, Bellevue, WA 98008
  • 16900 Redmond Way, Redmond, WA 98052
  • 4102 California Ave Sw, Seattle, WA 98116
  • 10001 Ne 8th St, Bellevue, WA 98004

Are deposits at Wafd Bank insured?

Yes. Wafd Bank is an FDIC-insured bank (FDIC certificate #28088). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.

Wafd Bank: frequently asked questions

Is Wafd Bank a good bank?

Wafd Bank earns a Bankzia Trust Grade of B (87/100, "Strong"), based on a financial-strength score of 98/100 and a customer-experience score of 76.73333333333332/100. Strongly capitalized (10.9% capital ratio); Profitable (ROA 0.99%).

Is Wafd Bank FDIC-insured?

Yes. Wafd Bank is a FDIC-insured bank (FDIC certificate #28088). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.

How big is Wafd Bank?

Wafd Bank holds $27.6 billion in total assets, ranking 23rd of 30 banks we track in Washington. It operates 215 branches.

How many complaints does Wafd Bank have?

Consumers filed 96 complaints about WAFD BANK with the CFPB, or 3.5 per $1B in assets. 96% were answered on time. 8% closed with relief to the consumer.

Similar Banks

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Coastal Community Bank
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1st Security Bank Of Washington
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Peoples Bank
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Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.

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