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 $25.40 per hour and the lowest average (median) wages are earned in Prince Edward Island at $17.95 per hour.

A typical full-time annual salary for this occupation is in the region of $35,000 – $48,000.

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

Location Low Wage
$ per hr		 Average Wage
$ per hr		 High Wage
$ per hr		 Year
Calgary – Alberta* 20.51 25.40 32.37 2019
Edmonton – Alberta* 19.23 20.75 44.23 2019
Vancouver / Lower Mainland Southwest – British Columbia 14.00 20.26 32.00 2018
Winnipeg – Manitoba 15.00 18.27 28.85 2018
Fredericton / Oromocto – New Brunswick 16.40 22.95 33.33 2018
Halifax – Nova Scotia 15.00 21.00 27.47 2018
Toronto – Ontario 14.00 20.00 32.69 2018
Kitchener / Waterloo / Barrie – Ontario 16.20 22.00 29.74 2018
Ottawa – Ontario 15.93 20.63 28.00 2018
London – Ontario 14.36 20.51 33.33 2018
Prince Edward Island 12.25 17.95 25.00 2018
Montreal – Quebec 15.16 20.73 27.00 2018
Saskatoon / Biggar – Saskatchewan 16.00 25.00 30.22 2018

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 2020 full-time average hourly wage rate for office support occupations, which includes banking, insurance and other financial clerks, is $24.50. The 2020 corresponding median weekly wage rate is $884, giving an approximate full-time annual salary for this employment group of $46,000.

Number In Employment

There are around 35,000 banking, insurance and other financial clerks working in Canada.

These occupations may also be of interest:

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