Banking Wire Transfer Clerk Salary

Wire Transfer Clerks in the United States can expect only a modest salary, with average pay of just $35K annually. Most people on this career path report moderate levels of job satisfaction. The vast majority (84 percent) of Wire Transfer Clerks who took the survey are female. Medical benefits are awarded to most, and a large number earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$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.


Experience does not seem to be a strong driver of pay increase in this role. During their first five years in the workforce, individuals in this position earn $31K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $33K. People with 10 to 20 years of experience make an average of about $36K in this role. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $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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