Banking Collector Salary
Banking Collectors in the United States take home approximately $16.27 per hour on average. A strong majority receive medical and dental insurance and the greater part get vision plans. Among folks in this role, job satisfaction levels approximately match the national average. Women make up a slight majority of Banking Collectors (50 percent) survey respondents. Male Banking Collectors are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 50 percent of the field. This report is based on responses to the PayScale salary survey.
|Salary||$30,220 - $53,262|
|Bonus||$927 - $11,635|
|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).)
|$27,055 - $46,257|
|Hourly Rate||$12.76 - $21.08|
|Overtime||$20.21 - $28.01|
|Bonus||$927 - $11,635|
|Total Pay (||$27,055 - $46,257|
Job Description for Banking Collector
- Monitors the sale of collateral property to recover value of the loan.
- Negotiates repayment plans, recommends accounts for legal action.
- Maintains files and documentation, handles issues that may arise in the effort to recover money from loans.
- Contacts customer in order to collect money on charged-off loans or existing delinquent loans.
Banking Collector Job Listings
Pay by Experience Level for Banking Collector
Pay by Experience for a Banking Collector has a positive trend. An entry-level Banking Collector with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Banking Collector with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 18 salaries. An experienced Banking Collector which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 11 salaries. A Banking Collector with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 6 salaries.
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Key Stats for Banking Collector
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