Wells Fargo Personal Banker Salary (2024)

FAQs

Wells Fargo Personal Banker Salary? ›

As of Jul 10, 2024, the average annual pay for a Wells Fargo Personal Banker in the United States is $43,140 a year.

Personal bankers at Wells Fargo put our customers at the center of everything they do as they spend the majority of their time supporting walk-in customers by assessing their needs, completing account openings, account transactions and servicing/cash handling activities.

The estimated total pay for a Personal Banker is $72,709 per year in the California area, with an average salary of $56,860 per year.

The average Personal Banker base salary at Wells Fargo is $25 per hour. The average additional pay is $2 per hour, which could include cash bonus, stock, commission, profit sharing or tips.

Top paying companies in Financial Services for Personal Banker are HSBC, JPMorgan Chase & Co, and Citi.

Tellers do things like process deposits, withdrawals, make payments to credit lines, etc. Personal bankers can open and close accounts, investigate fraud, open lines of credit, etc.

1 Every bank's pay structure is a little different, but almost all offer a combination of bonuses and commissions. These extra incentives mean productive networking and client searches correlate directly to a banker's paycheck.

Once you've acquired a Bachelor's Degree in Business or a related field, you'll typically begin your career as an entry-level Personal Banker. In general, you can become a Personal Banker after completing your 4 year Bachelor's Degree in a related discipline.

You need solid experience and education in finance, along with certification to become a personal banker. You must have a bachelor's degree in finance, economics, law or a related field to start.

Wealth managers and Private Bankers are stressful jobs in finance. Finishing near the top on some surveys and further down on others, wealth managers and financial advisors deal with one particular vehicle for stress: they eat only what they kill.

Is Wells Fargo good for personal banking? ›

Wells Fargo is best for someone who prioritizes banking in person and keeping their financial products under one roof over getting the highest rates on their deposits.

Average Wells Fargo Personal Banker hourly pay in Las Vegas is approximately $20.40, which is 8% above the national average.

Salary and job outlook for a personal banker

According to the U.S. Bureau of Labor Statistics , employment for this profession may see a 5% increase between 2020 and 2030. It projects that each year, there may be 21,500 new job openings across the nation.

Chase scored higher in 9 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook. Both tied in 1 area: Work-life balance.

Personal bankers assist customers with their various banking or financial needs, including opening checking and savings accounts, obtaining mortgage loans, and investing. They provide advice on trusts, bonds, equities, and other financial products, typically working with private citizens in their local community.

They are essentially the same position, just given different titles between companies. These bankers often handle clients with a large balance in the bank. Relationship bankers are commercial bankers making loans based on their relationships. Personal bankers handle individuals.