Average salary for an account executive: Account Executive Salary | Salary.com
2022 Account Executive Salary in Denver (Updated Daily)
Account Executive jobs in Denver
243
Strategic Account Executive, West
Dataiku
Greater Denver Area
3 days ago
Save job
Enterprise Account Executive, Southeast
Dataiku
Remote
3 days ago
Save job
Commercial Account Executive
Dataiku
Remote
2 weeks ago
Save job
Account Executive
Spectrum
Greater Denver Area
6 days ago
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Account Executive
Luxury Presence
Remote
3 weeks ago
Save job
Senior Sales Executive
Markit Digital
Remote
5 days ago
Save job
Account Executive, MidMarket
RingCentral
Greater Denver Area
1 day ago
Save job
Digital Account Executive (West)
Granicus LLC
Greater Denver Area
5 days ago
Save job
Account Executive (Central)
Granicus LLC
Greater Denver Area
5 days ago
Save job
Account Executive – Salesforce
EPAM Systems
Remote
1 week ago
Save job
Account Executive, Majors
RingCentral
Remote
1 week ago
Save job
Strategic Account Executive
Handshake
Remote
1 week ago
Save job
Account Executive Salary ranges
The most common Account Executive salary in Denver is between $70k – $80k.
Average Account Executive Salary by Company Size
People with the job title Account Executive make the most at companies with 501-1,000 employees, earning $89,625 on average.
Account Executive Salary by gender
The average Account Executive salary for women is $78,611 and the average Account Executive salary for men is $76,888.
Account Executive Salary by Years of Experience
The average salary for a Account Executive with 7+ years of experience is $103,515. The average salary for <1 year of experience is $46,500.
Average Sales salaries in Denver
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Inside Sales Representative | $48,500 |
Min: $30K Max: $75K |
| Sales Development Representative | $48,553 |
Min: $35K Max: $120K |
| Business Development Representative | $48,578 |
Min: $28K Max: $85K |
| Account Manager | $65,344 |
Min: $42K Max: $160K |
| Client Success Manager | $72,581 |
Min: $40K Max: $150K |
| Sales Operations Analyst | $74,802 |
Min: $48K Max: $130K |
| Account Executive | $82,033 |
Min: $30K Max: $200K |
| Business Development Manager | $86,591 |
Min: $45K Max: $150K |
| Sales Manager | $86,661 |
Min: $58K Max: $180K |
| Sales Operations Manager | $97,107 |
Min: $55K Max: $175K |
| Sales Engineer | $116,692 |
Min: $40K Max: $220K |
| Sales Director | $127,377 |
Min: $60K Max: $200K |
| Director of Customer Success | $140,899 |
Min: $67K Max: $280K |
| Vice President of Sales | $172,828 |
Min: $100K Max: $300K |
| Inside Sales Manager | $205,833 |
Min: $50K Max: $900K |
| CRO (Chief Revenue Officer) | $232,857 |
Min: $200K Max: $300K |
Skills that affect Account Executive salaries in Denver
1
Account Management
11% have this skill
2
Account Development
11% have this skill
3
Prospecting
11% have this skill
4
Sales Strategy
11% have this skill
5
Cold Calling
11% have this skill
6
Salesforce
10% have this skill
Recent Account Executive salaries in Denver
$63,000
Yearly Salary
A Account Executive reported a yearly salary of $63,000 with +$27,000 in additional cash compensation
5-7 Years of Experience
Male
1,000+ Employees
Denver
$68,000
Yearly Salary
A Enterprise Account Executive reported a yearly salary of $68,000 with +$45,000 in additional cash compensation
1-3 Years of Experience
Male
1,000+ Employees
Denver
$63,500
Yearly Salary
A Senior Account Manager reported a yearly salary of $63,500 with +$50,000 in additional cash compensation
5-7 Years of Experience
Female
201-500 Employees
Denver
1-5 Reports
$75,000
Yearly Salary
A Mid market account executive reported a yearly salary of $75,000 with +$85,000 in additional cash compensation
3-5 Years of Experience
Female
51-200 Employees
Denver
$65,000
Yearly Salary
A Senior account executive reported a yearly salary of $65,000 with +$57,000 in additional cash compensation
5-7 Years of Experience
Male
11-50 Employees
Denver
1-5 Reports
$70,000
Yearly Salary
A Account Executive reported a yearly salary of $70,000 with +$116,000 in additional cash compensation
5-7 Years of Experience
Female
51-200 Employees
Denver
$60,000
Yearly Salary
A Account Executive reported a yearly salary of $60,000 with +$30,000 in additional cash compensation
1-3 Years of Experience
Male
51-200 Employees
Denver
$125,000
Yearly Salary
A Account Exec reported a yearly salary of $125,000 with +$125,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Denver
$142,000
Yearly Salary
A Account Exec reported a yearly salary of $142,000 with +$125,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Denver
$125,000
Yearly Salary
A Account Exec reported a yearly salary of $125,000 with +$125,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Denver
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Salaries//Sales//Account Executive
2022 Account Executive Salary in Austin (Updated Daily)
Account Executive jobs in Austin
118
Strategic Account Executive, West
Dataiku
Austin
4 days ago
Save job
Sales Executive
MVF
Austin
1 week ago
Save job
Sales Executive
SailPoint
Austin
3 weeks ago
Save job
Account Executive
MVF
Austin
1 week ago
Save job
Account Executive
MVF
Austin
1 week ago
Save job
Account Executive
MVF
Austin
2 weeks ago
Save job
Sales Executive – SLED
SailPoint
Austin
2 days ago
Save job
Software Sales Executive
SailPoint
Austin
1 week ago
Save job
Sr.
Sales Executive (Federal)
SailPoint
Austin
1 week ago
Save job
Software Sales Executive
SailPoint
Austin
2 weeks ago
Save job
Inside Sales Executive
MVF
Austin
2 weeks ago
Save job
Enterprise Software Sales Executive
SailPoint
Austin
3 weeks ago
Save job
Account Executive Salary ranges
The most common Account Executive salary in Austin is between $70k – $80k.
Average Account Executive Salary by Company Size
People with the job title Account Executive make the most at companies with 51-200 employees, earning $83,063 on average.
Account Executive Salary by gender
The average Account Executive salary for women is $79,360 and the average Account Executive salary for men is $73,557.
Account Executive Salary by Years of Experience
The average salary for a Account Executive with 7+ years of experience is $114,117. The average salary for <1 year of experience is $46,167.
Average Sales salaries in Austin
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Business Development Representative | $50,854 |
Min: $30K Max: $100K |
| Inside Sales Representative | $53,829 |
Min: $30K Max: $104K |
| Sales Development Representative | $53,932 |
Min: $24K Max: $235K |
| Account Manager | $70,589 |
Min: $30K Max: $170K |
| Sales Operations Analyst | $74,967 |
Min: $45K Max: $125K |
| Account Executive | $77,747 |
Min: $24K Max: $275K |
| Client Success Manager | $80,927 |
Min: $40K Max: $136K |
| Inside Sales Manager | $84,702 |
Min: $65K Max: $115K |
| Business Development Manager | $95,932 |
Min: $65K Max: $163K |
| Sales Manager | $97,329 |
Min: $55K Max: $160K |
| Sales Operations Manager | $104,425 |
Min: $45K Max: $150K |
| Sales Engineer | $111,097 |
Min: $68K Max: $184K |
| Director of Customer Success | $133,838 |
Min: $85K Max: $245K |
| Sales Director | $150,180 |
Min: $75K Max: $315K |
| Vice President of Sales | $184,630 |
Min: $103K Max: $325K |
| CRO (Chief Revenue Officer) | $211,667 |
Min: $140K Max: $285K |
Skills that affect Account Executive salaries in Austin
1
Cold Calling
12% have this skill
2
Account Development
12% have this skill
3
Account Management
12% have this skill
4
Sales Strategy
12% have this skill
5
Salesforce
12% have this skill
6
Prospecting
12% have this skill
Recent Account Executive salaries in Austin
$65,000
Yearly Salary
A Account Executive reported a yearly salary of $65,000 with +$15,000 in additional cash compensation
3-5 Years of Experience
Male
51-200 Employees
Austin
$70,000
Yearly Salary
A Associate Account Executive reported a yearly salary of $70,000 with +$30,000 in additional cash compensation
3-5 Years of Experience
Male
1,000+ Employees
Austin
$60,000
Yearly Salary
A Mid-Market Account Executive reported a yearly salary of $60,000 with +$60,000 in additional cash compensation
1-3 Years of Experience
Male
501-1,000 Employees
Austin
$72,500
Yearly Salary
A Sr Commercial Account Executive reported a yearly salary of $72,500 with +$72,500 in additional cash compensation
1-3 Years of Experience
Male
1,000+ Employees
Austin
1-5 Reports
$57,000
Yearly Salary
A commercial account executive reported a yearly salary of $57,000 with +$57,000 in additional cash compensation
3-5 Years of Experience
Female
501-1,000 Employees
Austin
$75,000
Yearly Salary
A Account Executive reported a yearly salary of $75,000 with +$75,000 in additional cash compensation
3-5 Years of Experience
Male
1,000+ Employees
Austin
1-5 Reports
$84,000
Yearly Salary
A Account Executive reported a yearly salary of $84,000 with +$52,000 in additional cash compensation
5-7 Years of Experience
Male
1,000+ Employees
Austin
$70,000
Yearly Salary
A Account Executive reported a yearly salary of $70,000 with +$48,000 in additional cash compensation
1-3 Years of Experience
Male
1-10 Employees
Austin
$58,000
Yearly Salary
A Account Executive reported a yearly salary of $58,000 with +$22,000 in additional cash compensation
1-3 Years of Experience
Female
11-50 Employees
Austin
1-5 Reports
$70,000
Yearly Salary
A Account Executive reported a yearly salary of $70,000 with +$70,000 in additional cash compensation
3-5 Years of Experience
Male
1,000+ Employees
Austin
1-5 Reports
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Salaries//Sales//Account Executive
2022 Account Executive Salary in Los Angeles (Updated Daily)
Account Executive jobs in Los Angeles
106
Enterprise Account Executive, Southeast
Dataiku
Remote
4 days ago
Save job
Enterprise Account Executive, West
Dataiku
Greater LA Area
5 days ago
Save job
Commercial Account Executive
Dataiku
Remote
2 weeks ago
Save job
Strategic Account Executive (US Southeast)
Dataiku
Remote
2 weeks ago
Save job
Account Executive
Lemonlight
Greater LA Area
1 week ago
Save job
Account Executive
Convoso
Greater LA Area
2 weeks ago
Save job
Account Executive
Foursquare
Greater LA Area
3 weeks ago
Save job
Account Executive
Route
Remote
3 weeks ago
Save job
Account Executive
Route
Remote
3 weeks ago
Save job
Account Executive
Route
Santa Monica
3 weeks ago
Save job
Mid-Market Sales Executive
BlackLine
Greater LA Area
22 hours ago
Save job
Sales Executive – Staten Island
Tebra
Remote
3 months ago
Save job
Account Executive Salary ranges
The most common Account Executive salary in Los Angeles is between $70k – $80k.
Average Account Executive Salary by Company Size
People with the job title Account Executive make the most at companies with 501-1,000 employees, earning $86,520 on average.
Account Executive Salary by gender
The average Account Executive salary for women is $83,491 and the average Account Executive salary for men is $77,197.
Account Executive Salary by Years of Experience
The average salary for a Account Executive with 7+ years of experience is $97,675. The average salary for <1 year of experience is $60,900.
Average Sales salaries in Los Angeles
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Business Development Representative | $53,468 |
Min: $40K Max: $190K |
| Sales Development Representative | $61,208 |
Min: $40K Max: $150K |
| Inside Sales Representative | $67,125 |
Min: $52K Max: $100K |
| Sales Operations Analyst | $75,155 |
Min: $53K Max: $90K |
| Account Manager | $79,937 |
Min: $45K Max: $145K |
| Account Executive | $82,570 |
Min: $10K Max: $250K |
| Client Success Manager | $82,644 |
Min: $43K Max: $175K |
| Inside Sales Manager | $99,400 |
Min: $76K Max: $150K |
| Business Development Manager | $102,459 |
Min: $44K Max: $150K |
| Sales Engineer | $103,729 |
Min: $70K Max: $166K |
| Sales Manager | $106,189 |
Min: $62K Max: $210K |
| Sales Operations Manager | $114,563 |
Min: $80K Max: $165K |
| Director of Customer Success | $127,172 |
Min: $55K Max: $200K |
| Sales Director | $152,121 |
Min: $80K Max: $250K |
| Vice President of Sales | $207,719 |
Min: $120K Max: $280K |
Skills that affect Account Executive salaries in Los Angeles
1
Prospecting
12% have this skill
2
Cold Calling
11% have this skill
3
Account Development
10% have this skill
4
Account Management
10% have this skill
5
Lead Generation
10% have this skill
6
Sales Strategy
9% have this skill
Recent Account Executive salaries in Los Angeles
$60,000
Yearly Salary
A Sr.
Account Executive reported a yearly salary of $60,000 with +$25,000 in additional cash compensation
5-7 Years of Experience
Prefer not to say
501-1,000 Employees
Los Angeles
$65,000
Yearly Salary
A Sr. Premium Sales Consultant reported a yearly salary of $65,000 with +$60,000 in additional cash compensation
7+ Years of Experience
Male
1,000+ Employees
Los Angeles
1-5 Reports
$84,000
Yearly Salary
A Account Executive reported a yearly salary of $84,000 with +$46,000 in additional cash compensation
5-7 Years of Experience
Female
1,000+ Employees
Los Angeles
$70,000
Yearly Salary
A CMS Sales Specialist reported a yearly salary of $70,000 with +$20,000 in additional cash compensation
5-7 Years of Experience
Male
1,000+ Employees
Los Angeles
$75,000
Yearly Salary
A Account Executive reported a yearly salary of $75,000 with +$75,000 in additional cash compensation
1-3 Years of Experience
Prefer not to say
51-200 Employees
Los Angeles
$75,000
Yearly Salary
A Account Executive reported a yearly salary of $75,000 with +$42,000 in additional cash compensation
5-7 Years of Experience
Prefer not to say
501-1,000 Employees
Los Angeles
$135,000
Yearly Salary
A Senior Client Lead reported a yearly salary of $135,000 with +$135,000 in additional cash compensation
5-7 Years of Experience
Prefer not to say
11-50 Employees
Los Angeles
$55,000
Yearly Salary
A Account Executive reported a yearly salary of $55,000 with +$10,000 in additional cash compensation
1-3 Years of Experience
Female
1,000+ Employees
Los Angeles
1-5 Reports
$10,000
Yearly Salary
A Account Executive reported a yearly salary of $10,000 with +$10,000 in additional cash compensation
< 1 Year of Experience
Female
201-500 Employees
Los Angeles
$80,000
Yearly Salary
A Account Executive reported a yearly salary of $80,000 with +$60,000 in additional cash compensation
3-5 Years of Experience
Male
201-500 Employees
Los Angeles
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Salaries//Sales//Account Executive
2022 Account Executive Salary in San Francisco (Updated Daily)
Account Executive jobs in San Francisco
83
Enterprise Account Executive, West
Dataiku
San Francisco
3 days ago
Save job
Account Executive
Adyen
San Francisco
1 week ago
Save job
Enterprise Account Executive, Territory Accounts
Braze
San Francisco
1 week ago
Save job
Senior Account Executive, Majors
RingCentral
San Francisco
2 days ago
Save job
Strategic Account Executive
Handshake
San Francisco
5 days ago
Save job
Enterprise Account Executive
Braze
San Francisco
6 days ago
Save job
Account Executive, Mid-Market
Braze
San Francisco
6 days ago
Save job
Account Executive – REV
Leyton
San Francisco
1 week ago
Save job
Mid-Market Account Executive
DataGrail
San Francisco
1 week ago
Save job
Account Executive, Enterprise,
Adyen
San Francisco
1 week ago
Save job
Account Executive, Enterprise – Issuing
Adyen
San Francisco
1 week ago
Save job
Account Executive, Majors
RingCentral
San Francisco
1 week ago
Save job
Account Executive Salary ranges
The most common Account Executive salary in San Francisco is between $80k – $90k.
Average Account Executive Salary by Company Size
People with the job title Account Executive make the most at companies with 501-1,000 employees, earning $119,684 on average.
Account Executive Salary by gender
The average Account Executive salary for women is $113,596 and the average Account Executive salary for men is $104,816.
Account Executive Salary by Years of Experience
The average salary for a Account Executive with 7+ years of experience is $134,167. The average salary for <1 year of experience is $92,500.
Average Sales salaries in San Francisco
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Sales Development Representative | $67,089 |
Min: $46K Max: $150K |
| Business Development Representative | $71,503 |
Min: $40K Max: $170K |
| Sales Operations Analyst | $83,292 |
Min: $65K Max: $116K |
| Inside Sales Representative | $88,200 |
Min: $39K Max: $300K |
| Inside Sales Manager | $96,381 |
Min: $79K Max: $124K |
| Client Success Manager | $100,701 |
Min: $65K Max: $172K |
| Account Manager | $106,593 |
Min: $48K Max: $175K |
| Account Executive | $107,870 |
Min: $45K Max: $250K |
| Sales Operations Manager | $131,422 |
Min: $100K Max: $220K |
| Sales Manager | $132,581 |
Min: $86K Max: $250K |
| Sales Engineer | $147,123 |
Min: $80K Max: $250K |
| Director of Customer Success | $153,163 |
Min: $75K Max: $284K |
| Business Development Manager | $154,258 |
Min: $60K Max: $250K |
| Sales Director | $194,553 |
Min: $140K Max: $235K |
| CRO (Chief Revenue Officer) | $244,556 |
Min: $175K Max: $325K |
| Vice President of Sales | $268,243 |
Min: $160K Max: $380K |
Skills that affect Account Executive salaries in San Francisco
1
Software Sales
9% have this skill
2
Enterprise Sales
8% have this skill
3
Sales Planning
7% have this skill
4
Prospecting
7% have this skill
5
Account Management
7% have this skill
6
Sales Strategy
7% have this skill
Recent Account Executive salaries in San Francisco
$145,000
Yearly Salary
A Account Executive reported a yearly salary of $145,000 with +$75,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
51-200 Employees
San Francisco
1-5 Reports
$80,000
Yearly Salary
A Account Executive reported a yearly salary of $80,000 with +$40,000 in additional cash compensation
1-3 Years of Experience
Female
201-500 Employees
San Francisco
$120,000
Yearly Salary
A Account Executive reported a yearly salary of $120,000 with +$60,000 in additional cash compensation
5-7 Years of Experience
Male
201-500 Employees
San Francisco
$95,000
Yearly Salary
A Account Executive reported a yearly salary of $95,000 with +$95,000 in additional cash compensation
3-5 Years of Experience
Female
201-500 Employees
San Francisco
$110,000
Yearly Salary
A Account Executive reported a yearly salary of $110,000 with +$100,000 in additional cash compensation
5-7 Years of Experience
Female
201-500 Employees
San Francisco
$100,000
Yearly Salary
A Account Executive reported a yearly salary of $100,000 with +$30,000 in additional cash compensation
1-3 Years of Experience
Male
501-1,000 Employees
San Francisco
$75,000
Yearly Salary
A Account Executive reported a yearly salary of $75,000 with +$36,000 in additional cash compensation
5-7 Years of Experience
Male
51-200 Employees
San Francisco
$150,000
Yearly Salary
A Account Executive reported a yearly salary of $150,000 with +$250,000 in additional cash compensation
5-7 Years of Experience
Female
201-500 Employees
San Francisco
$150,000
Yearly Salary
A Enterprise Account Executive reported a yearly salary of $150,000 with +$150,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
51-200 Employees
San Francisco
$100,000
Yearly Salary
A Corporate Account Executive reported a yearly salary of $100,000 with +$100,000 in additional cash compensation
3-5 Years of Experience
Prefer not to say
51-200 Employees
San Francisco
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Salaries//Sales//Account Executive
2022 Account Executive Salary in Seattle (Updated Daily)
Account Executive jobs in Seattle
37
Account Executive
Convoy
Seattle
3 months ago
Save job
Key Account Executive
Convoy
Seattle
3 months ago
Save job
Senior Account Executive
Convoy
Seattle
3 months ago
Save job
Uber Health Account Executive
Uber
Seattle
1 day ago
Save job
Senior Account Executive, UberEats – Seattle
Uber
Seattle
5 hours ago
Save job
Account Representative/Account Executive, Seattle
Uber
Seattle
1 week ago
Save job
Enterprise Account Executive, Uber for Business
Uber
Seattle
1 day ago
Save job
Account Executive
Symbl.
ai
Seattle
17 hours ago
Save job
Account Executive
PitchBook
Seattle
3 days ago
Save job
Account Executive
Syndigo
Seattle
1 week ago
Save job
Account Executive
OctoML
Seattle
1 week ago
Save job
Account Executive, Flow
Flexport
Seattle
5 hours ago
Save job
Account Executive Salary ranges
The most common Account Executive salary in Seattle is between $110k – $120k.
Average Account Executive Salary by Company Size
People with the job title Account Executive make the most at companies with 501-1,000 employees, earning $133,636 on average.
Account Executive Salary by gender
The average Account Executive salary for women is $103,917 and the average Account Executive salary for men is $83,692.
Account Executive Salary by Years of Experience
The average salary for a Account Executive with 7+ years of experience is $124,000.
The average salary for <1 year of experience is $36,000.
Average Sales salaries in Seattle
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Inside Sales Representative | $54,625 |
Min: $50K Max: $68K |
| Sales Operations Analyst | $56,125 |
Min: $30K Max: $80K |
| Sales Development Representative | $60,550 |
Min: $40K Max: $120K |
| Business Development Representative | $70,857 |
Min: $45K Max: $161K |
| Account Manager | $81,983 |
Min: $40K Max: $170K |
| Client Success Manager | $84,962 |
Min: $49K Max: $130K |
| Inside Sales Manager | $92,500 |
Min: $75K Max: $110K |
| Account Executive | $99,964 |
Min: $35K Max: $170K |
| Sales Manager | $110,462 |
Min: $48K Max: $210K |
| Business Development Manager | $111,800 |
Min: $60K Max: $196K |
| Sales Operations Manager | $119,470 |
Min: $100K Max: $155K |
| Director of Customer Success | $128,231 |
Min: $90K Max: $175K |
| Sales Engineer | $130,000 |
Min: $84K Max: $181K |
| Sales Director | $163,589 |
Min: $130K Max: $230K |
| Vice President of Sales | $195,500 |
Min: $120K Max: $280K |
| CRO (Chief Revenue Officer) | $200,000 |
Min: $200K Max: $200K |
Skills that affect Account Executive salaries in Seattle
1
Account Development
8% have this skill
2
Prospecting
8% have this skill
3
Salesforce
7% have this skill
4
Customer Relationship Management
7% have this skill
5
Sales Strategy
7% have this skill
6
Recruitment
7% have this skill
Recent Account Executive salaries in Seattle
$73,000
Yearly Salary
A Account Executive reported a yearly salary of $73,000 with +$50,000 in additional cash compensation
1-3 Years of Experience
Male
1,000+ Employees
Seattle
$85,000
Yearly Salary
A Producer reported a yearly salary of $85,000 with +$30,000 in additional cash compensation
1,000+ Employees
Seattle
1-5 Reports
$110,000
Yearly Salary
A Account Executive reported a yearly salary of $110,000 with +$110,000 in additional cash compensation
7+ Years of Experience
Male
51-200 Employees
Seattle
$150,000
Yearly Salary
A Account Exec reported a yearly salary of $150,000 with +$150,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
$100,000
Yearly Salary
A Account Exec reported a yearly salary of $100,000 with +$100,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
$160,000
Yearly Salary
A Account Exec reported a yearly salary of $160,000 with +$160,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
$160,000
Yearly Salary
A Account Exec reported a yearly salary of $160,000 with +$160,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
$130,000
Yearly Salary
A Account Exec reported a yearly salary of $130,000 with +$130,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
$130,000
Yearly Salary
A Account Exec reported a yearly salary of $130,000 with +$130,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
$130,000
Yearly Salary
A Account Exec reported a yearly salary of $130,000 with +$130,000 in additional cash compensation
7+ Years of Experience
Prefer not to say
501-1,000 Employees
Seattle
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Salaries//Sales//Account Executive
Skills, Salary, Responsibilities and More
What Does an Account Executive Do?
An Account Executive (AE) is a salesperson.
They are usually responsible for serving the needs of existing customers and closing sales deals to create new customers. They typically have a revenue target, and are paid commissions when they sell their company’s products and services.
In SaaS sales, an AE usually works with a Sales Development Representative (SDR), who develops initial interest and sets up the first sales meeting. The AE is then responsible for holding a discovery call, giving the prospect a product demo, and closing the deal.
What is An Advertising Account Executive?
In other industries, like media or marketing agencies, an Account Executive is responsible for bringing on new clients and servicing existing clients. This role is sometimes also called a “full-cycle sales rep” because they do the job of the SDR, AE, and a customer service team – all in one.
What’s the Difference between an Account Executive and an Account Manager?
Every company has different definitions of each role.
Usually, an Account Manager is only responsible for growing and maintaining existing relationships with customers, while an Account Executive is also responsible for finding new customers. Sometimes, companies use the Account Executive title to refer to a more senior level of Account Manager.
How Much Does an Account Executive Make?
Sales can be a very lucrative career, but average salaries for AEs varies depending on the industry and location. Glassdoor reports that the average salary for an AE is about $63,000 per year, with additional cash compensation (commissions) of $31,000.
Image credit: Glassdoor
An Account Executive working at a large Software company in Boston may be able to make upwards of $350,000 per year, while an AE working at a smaller manufacturing firm in North Carolina may make $80,000 per year.
What Skills Does an Account Executive Need?
The Sales profession has changed rapidly in recent years. New sales tools and changing buyer preferences have made every industry more competitive.
Now, more than ever, an AE must cultivate a wide variety of skills to be successful.
Some of the most important fundamental skills and characteristics of a good salesperson are:
- Communication Skills
- High Empathy
- Organization
- Problem Solving
- Negotiation
- Determination
- Goal-oriented
- Presentation Skills
Account Executives also need to be very hard working. Sales can be a competitive profession, and hard work is one sure way to stay a step ahead of the rest.
Related: The 30+ Most Desirable Sales Skills & Traits You MUST Develop To Become An Unstoppable Rep
What’s it Like to Be An Account Executive?
Here’s a rough overview of what an Account Executive’s calendar might look like in any given week, based on my years of experience in sales.
Account Executives are most effective when they can work in a rhythm. As a result, you’ll often find that AEs structure their time in chunks so they can focus on different types of tasks at different times of the day or week – whenever it’s most efficient.
In the example above, the AE emails only early in the morning or late in the afternoon, so they can use the middle part of their day for sales meetings, preparation, and phone calls.
A Day in the Life of An Account Executive
The day-to-day life of an Account Executive is fast-paced, competitive, and filled with interactions with other people including colleagues, customers, and prospective clients.
While no day as an Account Executive is the same, here is what a “typical” day might look like:
7:30 am – Email over coffee. While in line for your favorite morning fix, you send some quick responses to emails from customers and prospects, because fast communication is important to close deals.
8:00 am – Standup meeting with the team. Each day, you’ll join or run a daily sales huddle, or stand-up call. You and your team use this time to problem-solve and agree on priorities for the day.
8:30 am – Social Selling before email. Open your LinkedIn, respond to comments on your posts, check views on your profile, do some quick research, and send out personalized thank you notes and connection requests.
RELATED: The Most Comprehensive Guide to Social Selling You’ve Ever Seen
9:00 am – Email and Research. Take this time to learn about the people you are going to speak with today. Make notes. As an AE you are expected to have lots of conversations. You need to prepare what questions to ask them and pick relevant use-cases for each customer.
9:30 am – Take a break! Take a walk, grab a coffee with a colleague, and chat. You’ve got a busy day coming up, so prepare yourself!
9:45 am – Hit it hard. Your day picks up the pace from here. Starting now, you’ll work hard on discovery calls, product demonstrations, or customizing proposals for prospects.
11:30 am – Follow-up. You take 30 minutes to make sure any deals you are working on are still on track to close. You email prospects, answer their questions, and push to ensure next steps are met on time.
12:00 pm – Refuel! Take some time to recover from the morning’s activities, and grab lunch.
1:00 pm – Stop by your manager to check-in with her to see if there are any pressing issues that need to be dealt with.. You don’t actually need to do this every day, but an unprompted check-in every now and then can make a huge difference.
1:15 pm – Communications Check. Scan LinkedIn and email again, to ensure you’re communication frequently with any customers and prospects.
2:00 pm – AWESOME hours. The next batch of discovery and demo calls is happening, and you are fueled, ready, and excited.
You usually hold 4-5 discovery calls a day at most, so you also have to customize proposals and follow up.
4:00pm – Call past customers, prospects, and partners. This may include customers you signed from a month ago. You ask if they’re happy with the service. When they are, you ask them for referrals to other people who may need your product or service.
4:30 pm – Text your partner or loved one and let them know you are on your way home and that you killed it today.
Play with the kids, get some exercise, and have a social life.
Wait! Your day is NOT done yet. As an Account Executive, you have another important window of opportunity.
8:00 pm – The “Executive Communications Window” is opening up. While on the couch binging your favorite TV series, keep that phone handy. If you have earned it, several of the decision-makers you are working with are getting into their email window and responding.
Now is the time to have a conversation with these busy and extremely valuable people.
Days That Need Special Consideration:
Monday: Skip all social activities on Monday afternoon. There is no need for check-in calls, for example. For many, Monday is a 100% business meeting day. So instead of spending your time calling, this may also be the best day for you to book your own internal meetings.
Friday afternoon: Don’t spend your time on follow-up, since no work will happen over the weekend anyway.
Unless it’s urgent, you’re better off waiting until the Sunday night window.
Sunday evening: There is a great email productivity window on Sunday evening to get through to executives and decision-makers. You may want to do some prep work for the week, too. One hour should do it.
How to Get a Job as An Account Executive
Because being an Account Executive requires excellent communication and organizational skills, your job search is actually great practice for the job itself! When you’re applying for an Account Executive position, here are some “do’s and don’ts” to consider:
Do:
- Prepare and practice answering common sales interview questions
- Present yourself professionally
- Be confident and communicate clearly
- Follow up with your interviewers quickly
- Set next steps after each stage of the application process
- Share specific results you’ve achieved in the past
- Ask questions during the interview
- Be persistent, but polite
Don’t:
- Wing it in the interview
- Be late for interviews or phone screens
- Leave it to your interviewer to follow up with you
- Talk only about yourself during the interview
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Small business key account manager from Elektrostal for work in Noginsk New
Noginsk ,
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Sber is more than 60 ecosystem companies, 14 thousand divisions, and the scale of the company and the employee support system open up opportunities for careers in any direction. Join the Sberbank Small Business Team! As a Key Account Manager, you will communicate with entrepreneurs and heads of small businesses and offer the best solutions from Sber. This vacancy is for energetic and sociable…
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from 60,000 to 80,000 rubles
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ru
Small Business Key Account Manager New
Noginsk ,
SBER
from RUB 83,000
Sber is more than 60 ecosystem companies, 14 thousand divisions, and the scale of the company and the employee support system open up opportunities for careers in any direction. Join the Sberbank Small Business Team! As a Key Account Manager, you will communicate with entrepreneurs and heads of small businesses and offer the best solutions from Sber. This vacancy is for energetic and sociable…
October 1, 2022
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premium-job.ru
Assistant Account Manager New
Noginsk
from 120,000 rubles
We invite an assistant manager to work with the existing database.
We manufacture products of any complexity from artificial stone
The company has been on the market for more than 10 years and is one of the top 5 market leaders in its segment.
Own production, our own measurers and installers, our own car column, this is an indicator that we completely cover the needs of the client on our own !!!
Due to strong growth and demand for products,…
October 1, 2022
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noginsk.superjob.ru
Assistant Account Manager
Noginsk
from 120,000 rubles
We invite an assistant manager to work with the existing database.
We manufacture products of any complexity from artificial stone
The company has been on the market for more than 10 years and is one of the top 5 market leaders in its segment.
Own production, our own measurers and installers, our own car column, this is an indicator that we completely cover the needs of the client on our own !!!
Due to strong growth and demand for products,…
September 15, 2022
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noginsk.superjob.ru
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Energy, purposefulness, responsibility, sociability, initiative, attentiveness, efficiency, skills in business communication.
Good memory, the ability to absorb information in the shortest possible time.
Confident PC user: knowledge of Word, Excel, Internet, email. mail, etc.
Willingness to learn,…
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esalle.ru
Assistant cook in a fast food cafe
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recruitment center
up to RUB 63,200
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noginsk.zarplata.ru
Handyman (assistant master heat engineer)
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noginsk.zarplata.ru
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Noginsk ,
OOO Polati
from 60,000 rubles
June 1, 2022
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noginsk.zarplata.ru
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Noginsk ,
OOO Polati
from 60 000 rubles
June 1, 2022
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noginsk.zarplata.ru
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Noginsk ,
Simak Tatiana
from 70,000 to 70,000 rubles
May 15, 2022
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Small Business Key Account Manager New
Noginsk ,
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from RUB 83,000
Sber is more than 60 companies of the ecosystem, 14 thousand divisions, and the scale of the company and the employee support system open up opportunities for careers in any direction. Join the Sberbank Small Business Team! As a Key Account Manager, you will communicate with entrepreneurs and heads of small businesses and offer the best solutions from Sber. This vacancy is for energetic and sociable…
October 1, 2022
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premium-job.ru
Small business key account manager from Elektrostal for work in Noginsk New
Noginsk ,
SBER
from RUB 83,000
Sber is more than 60 companies of the ecosystem, 14 thousand divisions, and the scale of the company and the employee support system open up opportunities for careers in any direction.
Join the Sberbank Small Business Team! As a Key Account Manager, you will communicate with entrepreneurs and heads of small businesses and offer the best solutions from Sber. This vacancy is for energetic and sociable…
October 1, 2022
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premium-job.ru
Account Manager
Noginsk ,
Agroni
from RUB 30,000
May 20, 2022
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noginsk.zarplata.ru
Order Assembly Manager (Noginsk)
Noginsk ,
Job Development
from 40,000 to 75,000 rubles
May 12, 2022
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noginsk.zarplata.ru
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NTPZ
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zarplata.ru
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zarplata.ru
Small Business Key Account Manager
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from RUB 83,000
September 16, 2022
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noginsk.zarplata.ru
Salary projects sales manager New
Noginsk ,
SBER
by agreement
October 1, 2022
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premium-job.ru
Account Manager from Korolev to work in Noginsk
Noginsk ,
Capital Petersburg
from 55,000 to 100,000 rubles
Account Manager.
Hello! My name is Latysheva Polina, I am the head of the franchising department of the StolBeri Company, in connection with the development, we are hiring a client manager for a permanent job.
Our federal furniture network has been successfully operating and developing for more than 25 years, occupying an increasing market share.
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September 20, 2022
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Account Manager
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How to choose a laptop for work: a scientific approach
We work in a communications agency, which means that we constantly have to create various presentations, comment and edit a huge amount of visual materials, control the layout and design of website layouts, landing pages and mobile applications. Therefore, we need high-performance laptops that allow you to work comfortably with high-quality graphics.
A high-quality display, a powerful graphics card and a powerful processor are critical parameters for a laptop for us. It became interesting to us – how does the average Russian user choose a laptop for himself? We decided to find out and conducted our own survey. The data was collected using an online survey of residents of Russia and the CIS from 18 to 70 years old among users YouTube, Twitch and TikTok . Let’s get acquainted with the results.
According to the results of the survey, it turns out that most people use laptops that they bought more than 5 years ago, and less than 20% of respondents update their equipment every 2-3 years. Young people under 18 are much easier to endure the absence of a personal laptop, and older generations without a laptop are already without hands – there is work, study, personal data, films, educational materials, hobbies and much more.
Today, laptops are chosen clearly according to the criteria
The attention of any data collector will be attracted by the interesting results of a survey of the w3bsit3-dns.
com site.
Performance proved to be the main criterion for choosing a laptop, followed by equipment and display quality. This is not surprising, because over the past two years of remote work, people have become more likely to work outside the office and experiment with the organization of the workspace in the apartment, which influenced the goals of purchasing a laptop – it becomes a working tool, not a device for entertainment.
According to a survey of 29,000 respondents, the main requirement for a laptop is the convenience of performing work tasks.
Interestingly, the laptop brand is an important criterion for only three percent of respondents – in the results of the study, it was in the penultimate place. The processor took the first position in terms of importance, and the performance – the second. Undoubtedly, both of these criteria are interconnected, since the processor is the heart of any laptop and it is the processor that is largely responsible for the performance of a working machine.
Since the results of the poll turned out to be the main parameter when choosing a laptop, we will dwell on this topic and talk about them.
If you analyze requests in Yandex.Market, you can see that the most popular processors are Ryzen .
AMD ‘s current achievements stem from the success of the ZEN microarchitecture, direct access to TSMC’s most advanced 7nm process technology.
And here are the results on the choice of processors by different age groups:
It is clear that young people are closely following the latest in microelectronics.
How to choose a laptop for a marketer
We decided to conduct an experiment – to choose a working laptop for a colleague, guided by the data of our study. One of the main criteria was the maximum autonomy of the laptop, because mobility and the ability to work for a long time without recharging are very important for a PR person.
At the same time, the high performance of the laptop is very important.
Therefore, we only searched for quad-core machines. The architecture we need has an AMD Ryzen 3 Pro 4450U processor with support for up to 8 threads and operating frequencies of 2.5 GHz. This 15W low heat processor is housed in a 15.6” Acer Travelmate P215-41 slim full-size laptop with a Full HD screen.
The screen opens all the way to 180 degrees, it’s bright enough for evening lighting and the keyboard is backlit. This is important when you work very late.
The Acer Travelmate P215-41 has all connectors on the left side. This design allows you to place a laptop on the table with wires to the wall. It is convenient and saves free space in the workplace.
What’s the filling?
Let’s move on to the most important thing – the insides. We ourselves can only do a superficial check. For example, how quickly the laptop opens “heavy” presentations or large PDF files.
And here we were convinced that the powerful and modern AMD Ryzen 3 processor really works wonders, because it is he who is responsible for performance, that is, the quick launch and response of applications, programs, files of varying severity, for multitasking when we do not close applications, but only switch between them.
Next, for fun, we connected it to a large 4K screen. We processed a couple of photos in the editor, while opening a maximum of applications, tabs and documents in order to fully test the laptop in working mode. And finally, launched Minecraft. The game did not slow down at all, the laptop coped well with heavy dynamic graphics. This is a merit not only of the processor, but also of the built-in Radeon video card, also from AMD, such graphics turned out to be more than enough.
As we remember from the study, the next most important criterion is equipment, that is, a drive and RAM. RAM comes standard with 8 gigs. For the work tasks of a colleague, this is enough.
If necessary, RAM can be increased up to 32 GB.
There is a slot for a disk, you can put an additional SSD.
Tested by professionals
We asked IT professionals we know to test this laptop more professionally. They sent this screenshot:
In addition to this screen, we received a rather emotional response about the change of the industry leader and the breakthrough of the “reds”, which, according to the guys who tested the laptop, Ryzen processors have been the market leader for several years now. And here are two more screenshots:
“During Cinebench testing, the laptop showed good results, the processor is economical in power consumption, and the laptop can work all day on a single charge.
By the way, because this laptop belongs to the business segment, and it has an AMD Ryzen 3 PRO processor, which implements additional technologies. For example, there is a built-in system memory encryption chip to prevent security threats, as well as remote monitoring, protection and management functions.
In general, now nothing is scary with such a working machine.
And next in line is the criterion of autonomy. Cherry on the cake – the battery in this laptop lasts up to 9hours. At the start, it is, we measured it. True, it works so much in idle mode, if the laptop performs some tasks, most likely its operating time without recharging will be reduced.
However, it is clear that it is quite a travel solution.
Summary
Summing up the results of the experiment on choosing a business laptop, we can confidently say that the survey data set the right direction – it’s not the wrapper that matters, but the stuffing. This model has an ordinary design, and the performance for which the AMD processor is responsible is truly impressive. We chose a powerful, secure solution for the business user based on research data.
The material was prepared with the support of the communication agency 2L.
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what to do in such a situation
Our readers keep complaining that banks do not return their money in foreign currency.
Difficulties arise both when withdrawing funds from current accounts, and when receiving deposits in hard currency after their expiration date. What financial institutions offer their clients and what to do if they find themselves in such a situation, the Ministry of Finance sorted it out.
What bank customers complain about
Privatbank: restrictions on currency withdrawals and nightly text messages with refusals
“Sometime I’m depositing currency in the bank with a deposit, I’m about to come. What is the best, you should call to come at 00:01, the preparation is ready for you! I tried different sums on different dates – it doesn’t help, ”writes a Privatbank client under the nickname pipal.
What the bank says
- The press service of Alfa-Bank stated that money from deposits is returned in a timely manner. Also, customers can withdraw funds from the account in the amount of UAH 100,000 in equivalent per day, after ordering foreign currency a few days in advance for its availability in the branch.
- If at the time of the expiration of the foreign currency deposit in the branch it is not possible to provide the required amount of cash, the bank offers the client to pay the entire amount due to him on the Card for payments in foreign currency. Withdrawing money from this card is free.
- “If it is necessary to receive the currency in cash, the client can place an appropriate order for another day, when the branch will receive the cash currency,” they add in Privat.
However, customers complain that they have already tried to order money more than once, but to no avail. The bank cancels the application again and again.
“Privatbank asked to deposit dollars, not to receive notifications about withdrawal. And now they have reduced the maximum amount of an application for a loan to 1,000 dollars a day, and I didn’t realize how much it would be pennies, ”writes a user under the nickname Vladimir Senik.
“NBU intermediation at the link with war for the equivalent of 100 thousand UAH.
Privatbank independently reduced the price of the NBU’s exchange by 2.5 times to $1,000 for production… yew…
To go out, it takes me a month to go to them on my own pennies, like a job, and stand every day for a year and a half in a cashier, ”writes ArtemIzmail.
“Stay aware that Privatbank is intimidating customers to transfer pennies to hryvnia cards. The clients themselves spend 10% on the bank’s retail and real exchange rates, and the bank, without a doubt, is in the black,” KseniiaDP believes.
See also: A total shortage of cash and an almost comical story of identification
FUIB: a ban on issuing foreign currency and a withdrawal fee
A client of FUIB under the nickname sumar said that due to a shortage of foreign currency in the branch, bank employees insist that he withdraw money in national currency.
“They said on the hotline that they would transfer a penny from the deposit to the card. I’m so timid. They confirmed the delivery on the 1st of the spring, they said to go until the kasi after the 15th.
And if you don’t deliver, then the bank will call me and get ahead. OK. Priyshov, the cashier, it seems that you won’t give “dollars”, so there is nothing for me on the list of deputies. Otako. Trying to appeal to them that I called through the podtrimka and tried to make a promise, it’s like “I don’t know anything, I don’t have a list” … I again pronounce to take the hryvnia, ”the author of the review shares.
What the bank says
- FUIB advises customers to order the necessary amount in advance, because the war has made the logistics of supplying cash currency much more complicated and, at the same time, the demand for it has sharply increased.
- “First of all, we satisfy the needs of our clients who place foreign currency deposits in our bank. As a rule, they have personal managers, and they have no problems with cashing out within the current restrictions. We also sell cash to customers for hryvnia within the available balances,” says Natalya Kosenko, Deputy Head of the Board of FUIB.
At the same time, readers of the Ministry of Finance who are trying to withdraw currency from a card account share stories of how managers in bank branches recall the ban on issuing currency or ask them to fill out documents on the origin of funds.
“The manager of the office asks for those who had to order not to see the currency. If it seems on the hotline that there was no such arrangement, and that the currency is already closed, then we can see, ”writes a user under the nickname Hammerofdoom.
Another reader under the nickname DenysKP also got into an unpleasant situation.
“The head manager began to tell about the fraudulent fraud and saw the application form, it is necessary to file a change of pennies and attach documents that testify about their legality. They said on the hotline that they didn’t know anything like that, saying that there were no orders for either the head office or the NBU, and they were pleased to get the currency again, ”he shared.
According to the Deputy Head of the Board of FUIB Natalia Kosenko, a new, daily growing stream of clients has appeared who use sites like Revolut and convert hryvnia into currency (dollar and euro), earning a lot on the difference in rates without paying taxes. “These clients are interested in the cash issuance currency. For such operations, we limit relations,” she added.
But DenysKP writes that “already on the coming day, on the 2nd of spring, everyone will come to know that from the 10th of spring there will be a commission from the transfer of 1% of sums when the currency is taken… “.
The bank’s management replied that “the bank was forced to introduce a commission for withdrawing cash in foreign currency at the bank’s cash desk due to an increase in the cost of servicing cash.”
Read also: Plus 21% to the amount when paying by card on a foreign site and other “charms” of double conversion
Alfa-Bank: partial currency and withdrawal fee
Alfa-Bank’s client, signed as Pavel Vakulenko, shared his own experience and noted that the bank is not interested in returning funds in foreign currency, therefore, it resorts to all sorts of tricks.
“The dollar deposit will run out in days. I’m having a long time to phone until I know that I can take a penny, which is necessary to beg them. I was told that I could take the pennies in parts, in the equivalent of 100 thousand. UAH per day ($2650, and the National Bank’s exchange rate is $2734). I can withdraw pennies in less than 10 days after the end of the term of the deposit, because the program doesn’t require me to pay pennies earlier,” he said.
What the bank says
- The press service of Alfa-Bank stated that they are returning funds on customer deposits in the amount of UAH 100,000 equivalent per day in a timely manner – within the period specified in accordance with each agreement.
- “As for the cash reservation, the terms for receiving the currency have changed. You can withdraw the ordered amount in dollars or euros at the checkout within 10 working days from the date of the order,” the bank noted.
However, another client of Alfa-Bank told how out of the blue he has to pay a bank commission because he cannot withdraw currency in cash.
“I have a currency account in dollars, for which I pay cash. A war has begun – and I cannot bring them down. And now, for a month now, a commission is being charged for those who do not have rahunki, and the commission is the same for dollars. I’d save money, but the bank doesn’t have a lot of dollars … The practitioners in one case were just rude when asked about the presence of the currency, ”YaRs describes the situation.
The press service of Alfa-Bank advises to purchase foreign currency – euro or dollar – online (in the Sense SuperApp) for subsequent placement on the “Profitable” deposit for a period of 3 months.
Read also: Commissions, limits and new financial monitoring rules: how banks are changing the service
How the National Bank reacts to the situation
The NBU assures that the current shortage of cash in individual banks is a temporary phenomenon.
“The National Bank is closely monitoring the situation and it has enough cash to maintain the banking system’s cash liquidity at the proper level to meet the needs of Ukrainians,” said Yuriy Heletiy, deputy head of the NBU.
The National Bank of Ukraine has already carried out operations on the exchange of cash for non-cash currency several times to reinforce the cash desks of banks. The last time such an operation was carried out on September 26. The regulator offered 100 million euros and $100 million. According to him, one of the systemic banks bought out the entire amount offered in dollars, and one of the systemic banks bought out 20 million euros.
Now the NBU assures that the problem of withdrawing foreign currency from accounts and deposits is not systemic.
“The National Bank did not receive mass applications from citizens for the return of deposits or withdrawals from cards in foreign currency. The NBU received only such isolated complaints about specific branches or employees of banks, they are resolved on an individual basis, the problem is not systemic. For the most part, banks form reserves in cash in advance to issue funds from customer accounts,” the regulator’s press service commented.
How experts comment on the situation
Experts interviewed by the Ministry of Finance believe that the currency proposed by the NBU to reinforce the cash desks of banks is quite enough so that customers can easily receive their money in hard currency. The main thing that prevents banks from doing this now, which is why customers complain, is:
- affiliation of some bank managers with exchangers;
- maintenance of “their”;
- the level of professionalism of the employees of the departments.
To prevent abuse, the NBU needs to strengthen control over this issue. Namely, to conduct operational checks of banks that receive cash backing in foreign currency from the NBU, with an emphasis on the intended use of the funds received, that is, only on the return of deposits and on currency exchange. Also, the regulator should require such transactions with clients to be carried out within a clear time frame, and not to leave this currency in their cash desks “just in case and for VIP clients.
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“The future needs constant additional control over where the currency goes, so that it does not turn into a feeding trough for unscrupulous bank officials. There are no problems with cash in exchange offices of financial companies, despite the war and similar logistical problems. But the rate there is much higher, which creates a threat of corruption due to the connection of individuals of banks with the owners of financial companies for currency exchange and, in general, additional speculation in currency on the possibility of taking it cheaper at the bank and reselling it to exchangers through private individuals, ”the expert says in a commentary to the Ministry of Finance familiar with the market situation.
Therefore, without control by the National Bank over the intended use and timing of the actual use of cash, the National Bank’s measures to reinforce cash desks may lose their effectiveness.
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Legal advice: what to do for clients who cannot receive their currency No.
516, if funds are attracted to a deposit account in foreign currency, the bank must return the money in the deposit currency. Or on the terms and in the manner stipulated by the agreement, and only in accordance with the application of the depositor – in the national currency,” explains Vladimir Misechko, lawyer, managing partner of JSC Misechko and Partners.
According to the NBU, transactions with deposits can be carried out in working branches of banks. However, there are certain restrictions: you can withdraw funds from a currency account in the equivalent of UAH 100,000 per day. Issuing currency for an amount exceeding this limit is prohibited by NBU Resolution No. 18 “On the operation of the banking system during the introduction of martial law.”
There are no other restrictions on issuing cash to a client in foreign currency. Therefore, such behavior on the part of the bank is illegal.
Igor Yasko, managing partner of Winner Law Firm, notes: if a client encounters such a violation, he, first of all, must record the fact of refusal, after which he can call the bank or NBU hotline and report a violation of his rights.
Lawyer Vladimir Misechko clarifies: in case of refusal to return the deposit in foreign currency, the bank is obliged:
- Accept an application from the depositor for the return of funds.
- Notify the depositor in writing of the reasons for non-compliance with the requirements of the bank deposit agreement.
- Take an application for accounting on the corresponding off-balance account, be sure to indicate the date of registration.
“If the bank refuses to return the deposit, each situation must be considered separately. For example, what provisions on the return of currency are specified in the agreement with the client, for what reason the bank refused to return the deposit, what circumstances or norms of the law are referred to by bank employees when refusing. Further, pre-trial resolution of the conflict situation or consideration of the case in court is possible, ”explains lawyer Igor Yasko.
Therefore, first of all, lawyers advise to record the facts of offenses and file a complaint with the National Bank of Ukraine.