Banking Wire Transfer Clerk Salary

Those pursuing careers as Wire Transfer Clerks in the United States may have to make do with less; average incomes for people in this area hover around only $35K per year. Wire Transfer Clerks who responded to the questionnaire are largely women, dominating at 83 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$29,546 - $44,823
(Median)
$30K
$35K
$45K
MEDIAN: $34,914
10%
50%
90%

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$11.43 - $18.96
(Median)
$11
$15
$19
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15K$30K$45K
Salary
$29,546 - $44,823  
   
Bonus
$0.00 - $1,163  
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).
)
$26,514 - $42,527  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 48
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$9$18$27
Hourly Rate
$11.43 - $18.96  
   
Overtime
$19.59 - $24.87  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Bonus
$0.00 - $1,163  
   
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).
)
$26,514 - $42,527  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 44
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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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Pay by Experience Level for Banking Wire Transfer Clerk

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Wire Transfer Clerks with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. At career start (within the first five years), average income sits near $32K, and the average for folks who have worked for five to 10 years is only slightly higher at $32K. On average, Wire Transfer Clerks make $35K following one to two decades on the job. After two decades in the workforce, the average Wire Transfer Clerk generally earns more than ever; median pay for this group is estimated at $40K.

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Experience Affects Banking Wire Transfer Clerk Salaries

Late-Career
up arrow 21%

Experienced
up arrow 8%

National Average
$33,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
29%
10-19 years
24%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 78%
vision benefits Vision: 61% employee benefits None: 7%
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