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. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction for Wire Transfer Clerks is high. The vast majority (82 percent) of Wire Transfer Clerks who took the survey are female.

$29,456 - $44,994

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$11.39 - $18.99

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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$15K$30K$45K
Salary
$29,456 - $44,994  
   
Bonus
$0.00 - $1,174  
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).
)
$26,371 - $42,648  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 46
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
$11.39 - $18.99  
   
Overtime
$19.59 - $24.87  
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 - $1,174  
   
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).
)
$26,371 - $42,648  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 43
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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.


For Wire Transfer Clerks, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience report a median income of $31K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $32K. After working for 10 to 20 years, Wire Transfer Clerks make a median salary of $35K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Wire Transfer Clerk with more than 20 years of experience can earn $40K on average.

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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
82 %
Male
18 %

Years of Experience

Less than 1 year
3%
1-4 years
36%
5-9 years
29%
10-19 years
25%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 61% employee benefits None: 7%
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