Salary Data

Banking Collection Clerk Salary

How much does a Banking Collection Clerk make in Washington, United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Banking Collection Clerk

$43,028 (USD)/yr

$21 (USD)/hr

$731 (USD)/yr

$42,559 (USD)/yr

$20 (USD)/hr

$731 (USD)/yr

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.
The average banking collection clerk salary in Washington, United States is $43,028 or an equivalent hourly rate of $21. This is 7% higher (+$2,909) than the average banking collection clerk salary in the United States. In addition, they earn an average bonus of $731. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Washington, United States.
Compensation Data Based on Experience

$32,436 (USD)

$51,827 (USD)

Education

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Salary Potential

$49,881 (USD)

16 %

Based on our compensation data, the estimated salary potential for Banking Collection Clerk will increase 16 % over 5 years.

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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.
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