Average Relationship Banker Salary at BMO Financial Group

$40,469
Avg. SalaryShow Hourly Rate
$3,000
Bonus
$1,250
Commission
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The average salary for a Relationship Banker at BMO Financial Group is $40,469.
10%
$30k
MEDIAN
$40k
90%
$48k
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United States (change)
Salary
$30k - $48k
Bonus
$1k - $4k
Commission
$0 - $1k
Total Pay
$29k - $51k

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Job Description for Relationship Banker

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.
The top respondents for the job title Relationship Banker are from the companies Bank of America Corp. (BOFA), Chase Bank and J.P. Morgan Chase & Co. (JPMCC). Reported salaries are highest at M&T Bank Corp where the average pay is $44,116. Other companies that offer high salaries for this role include Capital One Financial Corp and Citizens Financial Group, Inc., earning around $43,786 and $41,156, respectively. Chase Bank pays the lowest at around $36,218. Bank of America Corp. (BOFA) and J.P. Morgan Chase & Co. (JPMCC) also pay on the lower end of the scale, paying $36,622 and $38,171, respectively.

Relationship Banker Job Listings

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Popular Skills for Relationship Banker

Skills in Sales, Customer Service and Banking are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM) and Customer Relations.

Pay by Experience Level for Relationship Banker

An early career Relationship Banker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $40,593 based on 6 salaries. A mid-career Relationship Banker with 5-9 years of experience earns an average total compensation of $44,491 based on 7 salaries.

Pay Difference by Location

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Years of Experience

This data is based on 13 survey responses.
Early Career
46.2%
Mid Career
53.8%