Banking Wire Transfer Clerk Salary

Wire Transfer Clerks in the United States are not likely to strike it rich; they only make around $37K annually on average. The majority of Wire Transfer Clerks claim high levels of job satisfaction. Medical and dental benefits are awarded to most, and a strong majority earn vision coverage. Female Wire Transfer Clerks make up most of the survey respondents at 71 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

$28,741 - $51,600
$29K
$37K
$52K
MEDIAN: $36,821
10%
50%
90%

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$12.54 - $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
$28,741 - $51,600  
   
Bonus
$1,952  
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).
)
$28,058 - $48,508  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 31
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
$12.54 - $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
$1,952  
   
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).
)
$28,058 - $48,508  
Country: United States | Currency: USD | Updated: 18 Jan 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.

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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. Folks with fewer than five years of experience take home $33K on average, and those who have worked for five to 10 years see a bigger median salary of $36K. Wire Transfer Clerks bring in $39K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $40K, which is barely higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

Key Stats for Banking Wire Transfer Clerk

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
Less than 1 year
3%
1-4 years
46%
5-9 years
23%
10-19 years
26%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Banking Wire Transfer Clerk Salaries

Late-Career
▲14%

Experienced
▲13%

Mid-Career
▲3%

National Average
$35,000

Entry-Level
▼7%

Job Satisfaction

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

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
23%
10-19 years
26%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 85%
vision benefits
Vision: 74%
dental benefits
None: 10%
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