Banking Wire Transfer Clerk Salary

It's impossible to make it big as a Wire Transfer Clerks in the United States; the average employee scrapes together only around $35K per year. There are far more female Wire Transfer Clerks who answered the questionnaire than men, making up 84 percent. Job satisfaction is considered about average by most people in this profession. A large number enjoy medical while most get dental coverage. Vision coverage is also available to more than half. The numbers in this rundown were provided by PayScale's salary survey participants.

$28,570 - $45,980
(Median)
$29K
$35K
$46K
MEDIAN: $34,795
10%
50%
90%

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$11.57 - $19.14
(Median)
$12
$15
$19
MEDIAN: $14.00
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$16K$32K$48K
Salary
$28,570 - $45,980  
   
Bonus
$0.00 - $2,020  
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).
)
$26,232 - $43,305  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 56
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
$11.57 - $19.14  
   
Overtime
$19.74 - $24.51  
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
$0.00 - $2,020  
   
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).
)
$26,232 - $43,305  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 48
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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 a lot of experience do not necessarily enjoy more money. Individuals who have worked for fewer than five years bring in approximately $31K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $33K. Wire Transfer Clerks with one to two decades of relevant experience report an average salary of approximately $36K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $40K.

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Experience Affects Banking Wire Transfer Clerk Salaries

Late-Career
up arrow 20%

Experienced
up arrow 9%

National Average
$33,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
3%
1-4 years
39%
5-9 years
27%
10-19 years
25%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 64%
dental benefits
None: 6%
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