Banking Wire Transfer Clerk Salary

Pay for Wire Transfer Clerks in the United States is very modest at just $36K annually. Medical and dental benefits are awarded to most, and a strong majority earn vision coverage. There are more female Wire Transfer Clerks who answered the questionnaire than male, making up 67 percent. Most Wire Transfer Clerks like their work and job satisfaction is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$28,692 - $51,825
$29K
$36K
$52K
MEDIAN: $36,397
10%
50%
90%

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$12.96 - $19.87
$13
$15
$20
MEDIAN: $15.39
10%
50%
90%

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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
$28,692 - $51,825  
   
Bonus
$405.47 - $3,945  
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).
)
$28,453 - $48,614  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 30
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$9$18$27
Hourly Rate
$12.96 - $19.87  
   
Overtime
$22.51  
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$18K$36K$54K
Bonus
$405.47 - $3,945  
   
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).
)
$28,453 - $48,614  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 30

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Job Description for Banking Wire Transfer Clerk

A wire transfer clerk transfers funds from clients to another party. The job is usually carried out at a bank, credit union, or other financial institution. The clerk may help clients fill out forms in order to transfer funds to other accounts; when wire transfers do not work, the clerk must determine the cause of the problem and resolve it to the best of his/her ability. When wire transfers are received, the clerk must process and verify the transfers and notify the receiving party.

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Banking Wire Transfer Clerk Tasks

  • Process and record all incoming and outgoing wire transfers.
  • Assist in monitoring daily reserve cash balance.
  • Update department policy and procedure on wire transfers to ensure operational efficiency.
  • Research and resolve customer wire inquiries and wire validation errors.
  • Maintain wire transfer tracking system, performing data entry and preparing reports.

Banking Wire Transfer Clerk Job Listings

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Pay by Experience Level for Banking Wire Transfer Clerk

Pay by Experience for a Banking Wire Transfer Clerk has a positive trend. An entry-level Banking Wire Transfer Clerk with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 39 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Banking Wire Transfer Clerk with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 18 salaries. An experienced Banking Wire Transfer Clerk which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 15 salaries. A Banking Wire Transfer Clerk with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 6 salaries.

Related Job Salaries

Key Stats for Banking Wire Transfer Clerk

Gender

Female
67 %
Male
33 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
5%
1-4 years
48%
5-9 years
22%
10-19 years
25%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Banking Wire Transfer Clerk Salaries

Experienced
▲14%

Late-Career
▲14%

Mid-Career
▲5%

National Average
$35,000

Entry-Level
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
5%
1-4 years
48%
5-9 years
22%
10-19 years
25%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 88%
vision benefits
Vision: 73%
no benefits
None: 10%