Bank Clerk Salary Canada

See table for salaries.

Average Banking, Insurance and Other Financial Clerk’s Salary in Canada

The table below details the hourly wages for Banking, Insurance and Other Financial Clerks.

The Canadian national occupation classification code (NOC) for this role is 1434.

Job titles and exact duties vary in this occupation and examples of some job titles are: bank clerk, mortgage clerk, actuarial clerk and insurance clerk.

According to the latest figures, the highest hourly average (median) wages are earned in Calgary, Alberta at $25.30 per hour and the lowest average (median) wages are earned in Winnipeg – Manitoba at $17.79 per hour.

A typical full-time annual salary for this occupation is in the region of $35,000 – $45,000.

Government labour market data indicates that the number of job seekers will be larger than job vacancies in this profession for the near future.

Average Hourly (Median) Wages for Banking, Insurance and Other Financial Clerks in Canada

LocationLow Wage
$ per hr
Average Wage
$ per hr
High Wage
$ per hr
Year
Calgary – Alberta*17.9525.3041.222017
Edmonton – Alberta*18.7024.7935.492017
Vancouver / Lower Mainland Southwest – British Columbia14.4218.2725.00 2016
Winnipeg – Manitoba 12.98 17.7924.00 2016
Fredericton / Oromocto – New Brunswick(1) 11.7518.4625.002016
Halifax – Nova Scotia14.0020.5124.622016
Toronto – Ontario12.0020.0026.672016
Kitchener / Waterloo / Barrie – Ontario13.120.0028.082016
Ottawa – Ontario15.5823.8928.122016
London – Ontario(1)13.1020.0028.082016
Prince Edward Island
Montreal – Quebec15.0021.0029.002016
Saskatoon / Biggar – Saskatchewan(1)17.3123.0030.002016

Methodology*

Examples of bank clerks’ duties:
›› Compiling records of deposits, withdrawals, loan and mortgage payments
›› Answering enquiries on banking products, policies and services
›› Processing loan and mortgage applications, loan and mortgage payments, retirement savings plan applications, term deposits, drafts and money orders
Examples of insurance clerks’ duties:
›› Processing enrolments, cancellations, claims transactions, policy changes and premium payments
›› Calculating insurance premiums, pension benefits and annuity payments
›› Answering enquiries and provide information on insurance products, policies and services.
Comparison with employment group

The largest sector of employment for banking, insurance and other financial clerks is finance and insurance. The 2018 full-time average hourly wage rate for office support occupations, which includes banking, insurance and other financial clerks, is $22.13. The 2018 corresponding median weekly wage rate is $805, giving an approximate full-time annual salary for this employment group of $42,000.

Number In Employment

There are around 50,000 banking, insurance and other financial clerks working in Canada.

These occupations may also be of interest:

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Bookkeepers
Payroll Clerks
Purchasing and Inventory Clerks
Supervisors, Finance and Insurance Clerks