Bank of the West Employee Benefits and Perks | Glassdoor

Bank of the West Benefits

Location: US
166 Ratings

Employee Benefit Reviews

Showing 1–10 of 166 comments

Most Commented

  • Apr 02, 2020
    StarStarStarStarStar Current Employee in Denver, Colorado

    Love it here. Benefits are competitive.

  • Mar 15, 2020
    StarStarStarStarStar Current Employee in San Ramon, California

    They have one of the best benefits package in the banking industry

  • Feb 05, 2020
    StarStarStarStarStar Current Employee in Tempe, Arizona

    They said they would do the tuition reimbursement but the team manager did not encourage that

  • Dec 02, 2019
    StarStarStarStarStar Former SVP in San Ramon, California

    Best: Covers for comparative options in the market Con: no pet insurance, no commuter help

  • Nov 19, 2019
    StarStarStarStarStar Current Employee in Los Angeles, California

    They have a great Health Insurance, Vacation and Sick days benefits

  • Nov 20, 2019
    StarStarStarStarStar Current Senior service officer in Anaheim, California

    Medical, dental and 401k with a % match contribution

  • Oct 22, 2019
    StarStarStarStarStar Current Senior Relationship Banker in Denver, Colorado

    Benefits are great. Life insurance, health, 401k is awesome. Also paid time off personal and health is good too. Would definitely recommend

  • Oct 18, 2019
    StarStarStarStarStar Former Employee in San Francisco, California

    401K has 6% match (~dollar for dollar up to 6% of salary)

  • Oct 05, 2019
    StarStarStarStarStar Current Employee in Fargo, North Dakota

    Great employee match and low cost for health insurance.

  • Oct 16, 2019
    StarStarStarStarStar Current Employee in Denver, Colorado

    Bank of the West has never offered very good benefits with exception of their 401k match but this year they are hitting their employees hard and passing more of the cost of medical insurance to the employee than ever before. They have introduced a new tier based premium to offset cost on lower salaried employees. That all sounds great and right until you do the math and reveal that they are actually just passing more cost on to everyone and those in the lowest bracket have some annual savings but nothing compared to how much the Bank is actually saving THEMSELVES!!! Great job on being the "Bank for a Better Future". In 2019 the Medical HMO plan cost ALL employees for an employee + spouse: $8,160 In 2020 the same coverage will now cost - The lowest paid bracket: $7098 ($1062 savings to this level employee) - Next level up: $8,151 (Basically = to 2019) - The middle bracket: $12064 (Increase of $3,094) - Next level up: $15,964 (increase of $7804) - The highest bracket: $21,060 (Increase of $12,900) This translates to the Bank really demoting the salary of well of 50% of their employees! I don't typically ask prospective new employers about the cost of health care premiums as they are usually within a range of other similar employers - but if you are considering joing Bank of the West it is critical that you know this! Also notable: The annual raise is ~1%! The current CEO was brought in with one goal - she needed to significantly reduce operating expenses in 5 years at which time she gets a payout and our parent company is happy. Clearly no one is paying attention to our astronomical attrition rate, our complete inability to attract talent and our extremely low people survey results. All that matter is cutting operating expenses!!!

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

  • CheckmarkEmployee Discount (111)
  • Free Lunch or Snacks
  • Employee Assistance Program
  • Gym Membership
  • Commuter Checks & Assistance
  • Pet Friendly Workplace
  • Mobile Phone Discount
  • Company Car
  • Company Social Events
  • Travel Concierge
  • Legal Assistance

Professional Support

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