Banking Collection Clerk Salary in United States

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Average Salary for Banking Collection Clerk in United States

The average salary of a(n) Banking Collection Clerk in United States is $40,285.

The average hourly rate of a(n) Banking Collection Clerk in United States is $19.37.

The average bonus of a(n) Banking Collection Clerk in United States is $685.00.

Job Description:

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. Computes interest on bills of exchange (drafts) and lists debits and credits on liability sheet, or enters information into computer system, to record customer's outstanding balance. Examines, calculates interest on, endorses, records, and issues receipts, and mails outgoing collections for payment. Traces unpaid items to determine reasons for nonpayment and notifies customer of disposition. May prove and balance daily transactions. May process collection items drawn on local bond and securities exchanges or transfers within a locality. May collect foreign bills of exchange. Less

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... More

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