Moneytree Reviews

3.7

58% would recommend to a friend

(167 total reviews)

Dennis Bassford

86% approve of CEO

54% positive business outlook

Moneytree has an employee rating of 3.7 out of 5 stars, based on 167 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Moneytree employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

167 reviews
1.0
12 Dec 2015

Run

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

When I started off in this company it was a good way for me to develop my skills. The insurance was really good, and is okay now. The pay is adequate.

Cons

Work-/life balance is nonexistent. Management shows favoritism constantly. Poor employees are rewarded based on their relationships with managers, employees are often catty and stir the pot. Management is often inconsistent and unprofessional, yet hold tellers to a different standard. Company just put a HUGE retainer on a Washington DC lawyer preemptively in order to sue the Federal Government if legislation occurs that will hinder the payday loan industry. They have also gotten rid of employee bonuses. Employees often feel undervalued and even if they uphold the company's standards, they are disposable. Employees feel trapped to stay because they've been conditioned to believe that they could not find better employment. Upper Management is highly uneducated and often send out emails that are not worded professionally and appear to demean employees. Employees are treated inconsistently and could be terminated based on HR recommendations. HR operates unfairly too. Some people get terminated for things that seem unfair yet other employees might receive verbal/ written warnings. The majority of employees terminated have been bilingual which leads one to speculate if they were terminated based on the fact that their pay is slightly higher than other tellers. Recent promotional evaluations have changed meaning that employees now have caps on their wages, being viewed as a way to get rid of tellers who actually know what they are doing. Employer attempts to promote upward mobility, but employees who are more qualified often don't get promotions because management tends to play favorites. Lots of managers are not qualified to do their jobs but because they are like-able they get the job. Employees who are hard workers often get taken advantage of and are relied upon heavily when stores are short staffed, causing burn-out. Management does not take into consideration people's personal lives and often employees feel that they have to sacrifice a lot of themselves in order to keep their job. Several employees suffer from depression because of the work environment that is created. It's a good thing their insurance covers prescriptions at low prices.

2.0
14 Jul 2016
Recommend
CEO approval
Business outlook

Pros

Paid training. Decent medical benefits. Most tellers start at $11-12/hour. You can get a pay raise after 6 months, then every year (between .25 - .75). Easy job for pay: process loans and cash checks mostly. If you're a productive employee you'll always have something to do; makes the day go by faster. Some managers are relaxed, easygoing, and understand that employees have lives outside the company. No quotas or sales goals; they really just want to help customers. A lot of the other tellers are friendly, helpful, and professional. You'll meet a lot of nice customers that you see on a regular basis. Job can be enjoyable at times when you know you've helped people who really benefited from coming in to MoneyTree. Contests that allows you to win extra money or gift cards. You get to tell customers who stole or counterfeited checks that you've discovered what they've done (and the looks on their faces are priceless).

Cons

Company has no regards for the employees down the corporate ladder. Depending on the branch, you could work really late hours, even on weekends. Some managers only approve time offs for their favorite tellers. The least favorite ones work lots of weekends and crappy shifts. The majority of tellers and vault tellers have little to no time for their personal lives. Tellers used to feel safe here, but recent robberies and shootings (I encourage you to Google it) changed that perception. Company is too cheap to get better security for the people who make them their millions. (But they spend it on their management teams with no problem.) This company is getting greedier and greedier each year. Benefits used to be free for employees but started charging $80/month and blamed it on Obama Care. Pay raise structure used to be easier and went up to $1.00. Now, the wages are capped for each position. So if you work in a district with no higher positions available and you've already reached the maximum wage cap, you could hold that same job title and same pay for many years without any raises. However, if the manager and district manager THINKS you did a good job during the last year, then maybe they'll give you a $200 bonus. So if you want a raise (if you're eligible for one, anyway), you really would have to kiss, lick, and suck management's butt. This means working overtime hours, working a lot of weekends and late hours, and being an overachiever for insufficient pay. A lot of managers are power-hungry, incompetent tyrants. If you aren't on their good side, you're SOL. Many of them will give you directions and if it isn't right, they won't back you up; they're quick to throw you under the bus. You have to know every little thing there is to know even when the people leading you only know half of what tellers know. Expectation of new tellers are sometimes ridiculous. Many tellers are let go during the 90 day probationary period because new employees are expected to learn everything from their 1 week training. A teller needs at least 3-6 months to be comfortable, knowledgeable, and successful in their position since every day is a different challenge. This job involves mental and emotional stress. Aside from the previously mentioned managers, you'll have to deal with a lot of customers who do not understand the products and services they came in to receive. Imagine teaching finance and math to someone within 1 minute before they rip you a new one. Due to the type of industry this company is in, there are constant changes that tellers have to keep up with. Many of these changes are introduced the same day that it is supposed to be initiated. If during an audit your mistakes are found, you'll receive a write up because you're supposed to forget something you've been doing for 1 year and learn something you read 15 minutes ago. Although this company is family-owned, it operates just like the big corporations driven by greed.

1.0
9 Jul 2015

Do not work here

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nothing. Used to be good about 6 years ago.

Cons

Used to be a good company. Now salary caps EXPENSIVE benefits management doesn't care. They promote off favoritism. Hours are HORRIBLE. They are greedy. They let you have NO LIFE!! The higher up management just turns their heads with problems. They let customers harass and sexually harass you. They care more about people who call in , have poor attitudes and are late than hard working employees.

Viewing 1 - 3 of 167 Reviews

Glassdoor has 171 Moneytree reviews submitted anonymously by Moneytree employees. Read employee reviews and ratings on Glassdoor to decide if Moneytree is right for you.