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 Ottawa, Ontario at $22.93 per hour and the lowest average (median) wages are earned in New Brunswick at $15.89 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*16.7022.5036.372015
Edmonton – Alberta*14.4722.8730.492015
Vancouver / Lower Mainland Southwest – British Columbia12.0018.4629.30 2014
Winnipeg – Manitoba 12.00 18.3627.19 2014
Fredericton / Oromocto – New Brunswick(1) 11.0015.8925.782014
Halifax – Nova Scotia12.3018.0024.102014
Toronto – Ontario14.0019.2326.922014
Kitchener / Waterloo / Barrie – Ontario16.0021.1535.152014
Ottawa – Ontario16.0022.9330.132014
London – Ontario(1)14.0019.0027.402014
Prince Edward Island 11.2516.0329.502013
Montreal – Quebec13.5918.7528.572014
Saskatoon / Biggar – Saskatchewan(1)14.0020.0026.922014

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 2016 full-time average hourly wage rate for office support occupations, which includes banking, insurance and other financial clerks, is $20.31. The 2016 corresponding median weekly wage rate is $769, giving an approximate full-time annual salary for this employment group of $40,000.

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