The average salary for an Experienced Relationship Banker is $43,521.
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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 Chase Bank, Bank of America Corp. (BOFA) and J.P. Morgan Chase & Co. (JPMCC). Reported salaries are highest at Wells Fargo Bank where the average pay is $47,800. Other companies that offer high salaries for this role include Capital One Financial Corp and M&T Bank Corp, earning around $46,000 and $43,237, respectively. J.P. Morgan Chase & Co. (JPMCC) pays the lowest at around $39,674. Chase Bank and Bank of America Corp. (BOFA) also pay on the lower end of the scale, paying $40,107 and $42,390, respectively.
Relationship Banker Job Listings
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Popular Skills for Relationship Banker
Skills that pay less than market rate include Customer Relations, Customer Relationship Management (CRM), Customer Service, Sales and Banking.
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 $37,282 based on 125 salaries. An early career Relationship Banker with 1-4 years of experience earns an average total compensation of $38,240 based on 918 salaries. A mid-career Relationship Banker with 5-9 years of experience earns an average total compensation of $40,358 based on 401 salaries. In their late career (20 years and higher), employees earn an average total compensation of $48,026.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Relationship Banker in their job title in New York, New York earn an average of 26.4% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (26.4% more) and Chicago, Illinois (12.6% more). The lowest salaries can be found in Houston, Texas (8.1% less).
Years of Experience
This data is based on 1,557 survey responses.