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Banking Collection Clerk Salary in the United States
How much does a Banking Collection Clerk make in the United States?
$47,353 (USD)/year
Average Bonus
$805 (USD)
per Year
Total Compensation
$47,643.00
Entry Level
$35,697
Median
$46,838
Senior Level
$52,648
As of July, 23, 2026, the average banking collection clerk gross salary in United States is $47,353 or an equivalent hourly rate of $23. In addition, banking collection clerks earn an average bonus of $805. An entry level banking collection clerk with 1-3 years of experience earns an average salary of $35,697. At the higher end of the pay range, a senior level banking collection clerk with 8+ years of experience earns an average salary of $52,648. Salary estimates are based on salary survey data collected directly from employers in United States.
Data powered by ERI
Salary Potential for a Banking Collection Clerk
Explore the estimated salary growth for a Banking Collection Clerk in the United States for up to 5 years. The estimated salary of a Banking Collection Clerk will be $48,580 in 1 year and $53,812 in 5 years.
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Estimated Salary
$49,838
Average Growth
5.2 %
The estimated salary for a Banking Collection Clerk in 2 years is $49,838, which is 5.2 % average growth. This information is based on ERI's compensation database.
Typical Banking Collection Clerk Education
Education data not available for this job
Popular Skills for a Banking Collection Clerk
Skills data not available for this job
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Frequently Asked Questions
What does a Banking Collection Clerk do?
Receives and processes collection items, such as checks, drafts, and coupons, presented to bank by customers or corresponding banks. Reads letter of instructions accompanying negotiable instruments to determine disposition of items. Computes interest, lists debits and credits, and enters information into computer system. Debits bank account and credits customer's account to liquidate outstanding collections.
How much does a Banking Collection Clerk make in the United States?
The average salary for a Banking Collection Clerk is $47,353 per year or $22.77 per hour in the United States. Top earners have reported making up to $52,648. However, the typical pay range in the United States is between $35,697 and $52,648 annually.
What is the salary trajectory for a Banking Collection Clerk?
Banking Collection Clerk is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Banking Collection Clerk salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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