Banking Collector Salary

Earnings for Banking Collectors in the United States come in at around $15.33 per hour on average. Work is reasonably fulfilling for most Banking Collectors — the majority report average levels of job satisfaction. Health benefits are not claimed by all — somewhere between a fifth and a fourth lack any form of coverage — but a strong majority have medical insurance, and the larger part have dental, too. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$29,883 - $52,369
$30K
$38K
$52K
MEDIAN: $38,492
10%
50%
90%

Add this chart to your site: 640px    300px

$12.67 - $19.73
$13
$15
$20
MEDIAN: $15.33
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$29,883 - $52,369  
   
Bonus
$405.47 - $11,836  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,859 - $46,245  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 13
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$10$20$30
Hourly Rate
$12.67 - $19.73  
   
Overtime
$20.21 - $28.44  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Bonus
$405.47 - $11,836  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,859 - $46,245  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 31

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Banking Collector

  • Monitors the sale of collateral property to recover value of the loan.
  • Negotiates repayment plans, recommends accounts for legal action.
  • Maintains files and documentation, handles issues that may arise in the effort to recover money from loans.
  • Contacts customer in order to collect money on charged-off loans or existing delinquent loans.

Common Career Paths for Banking Collector


Add this chart to your site:   640px 640px    300px 300px


Banking Collectors who move on to become Collections Managers may enjoy significant pay raises, as Collections Managers get paid an average of $49K per year.

Loan Collector Job Listings

Search for more jobs:

Pay by Experience Level for Banking Collector

Pay by Experience for a Banking Collector has a positive trend. An entry-level Banking Collector with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Banking Collector with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 18 salaries. An experienced Banking Collector which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 11 salaries. A Banking Collector with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 6 salaries.

Related Job Salaries

Key Stats for Banking Collector

Gender

Female
52 %
Male
48 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
Less than 1 year
2%
1-4 years
39%
5-9 years
32%
10-19 years
14%
20 years or more
14%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Banking Collector Salaries

Late-Career
▲14%

Experienced
▲12%

Mid-Career
▲9%

National Average
$36,000

Entry-Level
▼13%

Skills That Affect Banking Collector Salaries

bill collections
▲3%

National Average
$36,000

Collections
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
2%
1-4 years
39%
5-9 years
32%
10-19 years
14%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 68%
vision benefits
Vision: 48%
no benefits
None: 23%