The average hourly pay for an Early-Career Relationship Banker is $16.95.
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Job Description for Relationship Banker
A relationship banker is an employee of a bank or other lending institution that is responsible for dealing with customers on a one-on-one basis. This may mean being assigned specific clients or patrons and subsequently handling all transactions and assistance for them, or it may simply mean that the banker works in the front of the bank, dealing with most personal interactions that require expert help that tellers cannot provide. This is a position that has become more crucial for banks as more…Read more
Relationship Banker Tasks
- Qualify potential members for membership by opening checking accounts, savings accounts, IRAs, CDs, and processing loan applications.
- Identify the needs of members by cross-selling and up-selling products and referring them to a personal banker.
- Authorize, approve, and research transactions; perform overrides, approve check holds, and make check cashing decisions.
- Process a variety of teller transactions including deposits, withdrawals, payments and transfers.
- Provide knowledge of products and services to consult with new members to identify products and services that best fit their needs.
Popular Employer Salaries for Relationship Banker
The top respondents for the job title Relationship Banker are from the companies Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC) and Chase Bank. Reported salaries are highest at Santander where the average pay is $21.06. Other companies that offer high salaries for this role include Citizens Financial Group, Inc. and J.P. Morgan Chase & Co. (JPMCC), earning around $19.72 and $17.86, respectively. M&T Bank Corp pays the lowest at around $16.04. Bank of America Corp. (BOFA) and Capital One Financial Corp also pay on the lower end of the scale, paying $16.94 and $17.49, respectively.
Relationship Banker Job Listings
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Popular Skills for Relationship Banker
Avg. Hourly Rate
Skills in Banking, Sales and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Customer Relations and Customer Service.
Pay by Experience Level for Relationship Banker
An entry-level Relationship Banker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $16.41 based on 125 salaries. A mid-career Relationship Banker with 5-9 years of experience earns an average total compensation of $17.57 based on 401 salaries. An experienced Relationship Banker with 10-19 years of experience earns an average total compensation of $18.03 based on 296 salaries. In their late career (20 years and higher), employees earn an average total compensation of $21.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Relationship Banker in their job title in Boston, Massachusetts earn an average of 16.5% more than the national average. These job titles also find higher than average salaries in New York, New York (11.3% more) and San Francisco, California (6.3% more). The lowest salaries can be found in Chicago, Illinois (11.4% less), Dallas, Texas (6.0% less) and Houston, Texas (2.8% less).
Years of Experience
This data is based on 935 survey responses.