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Wells Fargo Personal Banker (SAFE) 1 Salary

Job Description

Important Note: If you are selected to move forward in the process, next steps for this job may include an on-line assessment and a video screen.  Please make sure your profile includes a current email address that you check regularly (including your spam folder) as the invitations for these activities will be emailed to you.  For internal candidates, you must apply via the Jobs site on Teamworks or Teamworks at Home and please ensure your profile lists a personal (external) email address as your primary email address so you can receive communications and complete these potential activities. Please refer to the Team Member Handbook for more information on the Internal Job Opportunities Process.

To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
 

Consumer and Small Business Banking (CSBB) is at the center of our efforts to rebuild trust and transform the way we serve our customers and clients. The CSBB organization is focused on innovating and transforming our business with the customer at the center, better enabling customers to engage with us how, when, and wherever they choose through a broad suite of financial products and services. While we are pleased to be an industry leader in many consumer and small business areas, including retail deposits, debit card transaction and purchase volume, and small business lending, our primary goal is delivering for our customers. Our market positions are an outcome of great work by employees who are committed to serving our customers. We want to build a strong value proposition for key consumer and small business segments by identifying gaps and opportunities and building capabilities to transform how we engage customers and deliver advice.

Branch Banking serves more than 70 million consumer and small business customers through a distribution network consisting of retail branches, ATMs, and online and digital channels, offering financial products and services to consumers and small businesses through approximately 5,200 retail banking branches and more than 13,000 ATMs in 36 states and Washington, D.C. Branch Banking includes the Affluent Segment and Strategy team and Wells Fargo At WorkSM, the Business Development Office, Business Initiatives, Business Performance & Accountability, Distribution Strategies, Future Banking, and Regional Banking.

      
As a personal banker at Wells Fargo you will deliver exceptional customer experience, build relationships, and help consumer and small business customers succeed financially. You will engage customers in conversation and ask questions to understand what’s most important to them to allow you to provide product, service and digital options that align with their needs and help make banking easier for them. 
Your responsibilities include:

• Building relationships with customers through proactive outreach and follow up, asking questions and learning about their financial needs 

• Deep knowledge of bank products and services and connecting those to customer needs 

• Building relationships with branch team members and partners, allowing you to work together to best serve customers

• Opening new accounts, completing service requests, and submitting credit applications

• Inform customers of self-service digital options and demonstrate them to customers 

• Helping to resolve customer concerns and escalating issues as needed

• Serving as a risk leader and following policies and procedures

• May handle cash transactions and spend up to 30 percent of time completing service related tasks as needed

This SAFE position has customer contact and job duties which may include the offering/negotiating of terms and/or taking an application for a dwelling secured transaction.   As such, this position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results.  Individuals in a SAFE position also must meet the Loan Originator requirements under Regulation Z (LO) outlined in the job expectations below.

Must be able to work a flexible schedule Monday-Friday. Must be flexible to work Saturday.

Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date.   If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

Required Qualifications

• 2+ year of experience interacting with people, demonstrated through work, military, or education

Desired Qualifications

• Customer service focus with experience handling complex transactions across multiple systems
• Experience proactively engaging with customers through outreach via phone or email
• Ability to influence, educate, and connect customers to technology
• Ability to help customers succeed financially by offering introductions to additional team members as appropriate
• Ability to meet or exceed performance objectives
• Ability to interact with integrity and professionalism with customers and team members
• Experience working with others on a team to meet customer needs
• Experience fostering and developing strong customer relationships
• Ability to build strong relationships with internal partners and customers
• Ability to follow policies, procedures, and regulations
• Ability to identify potential fraud/risky accounts and take appropriate action to prevent loss
• Relevant military experience including working with military protocol and instructions, enlisted evaluations, officer/leadership reporting
• Relevant military experience including working in personnel benefits management, processing military personnel orders or transitions, wartime readiness operations, human resources or military recruiting

Other Desired Qualifications

• Multilingual speakers are encouraged to apply

Job Expectations

• Ability to work weekends and holidays as needed or scheduled
• This position requires SAFE registration at the time of employment. Wells Fargo will initiate the SAFE registration process immediately after your employment start date. The Nationwide Mortgage Licensing System (NMLS) web site (http://fedregistry.nationwidelicensingsystem.org ) provides the MU4R questions and registration required for employment in this position.
• Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies. The LO qualification requirements include meeting applicable financial responsibility, character, general financial fitness and criminal background standards. A current credit report will be used to assess your financial responsibility and credit fitness, however, a credit score is not included as part of the evaluation. Successful candidates must also meet ongoing regulatory requirements including additional screening, if necessary.

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits Summary

Benefits
 

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

Wells Fargo Personal Banker Salary: What You’ll Make and Why

According to various salary aggregate websites, a Wells Fargo personal banker’s salary in the US ranges between $36,815 and $68,925, with an average salary of $48,155. As of July 2022, the base salaries for Wells Fargo personal bankers are listed as follows:

Payscale	ZipRecruiter	Indeed	Salary. com	Glassdoor
$40,917	$54,099	$36,815	$40,017	$68,925

Keep in mind: Salary aggregate websites typically rely on data submitted anonymously by individuals using their site. Some websites may have received larger amounts of data of either higher or lower than average salaries, which may affect the site’s calculated average.

Read more: What Is a Wells Fargo Personal Banker? How to Become One

What influences a salary?

The salary of a Wells Fargo Personal Banker is determined by a number of factors, including education, experience, and job location. In this article, we will take a closer look at how these factors impact salary.

Years of experience

Salary increases are generally tied to your experience level. In general, the more years you spend working as a Wells Fargo personal banker, the more you can expect to earn. Here’s how experience can impact your Wells Fargo personal banker salary, according to the Bureau of Labor Statistics and the National Compensation Survey.

Location

Where you live can also impact how much you can make as a Wells Fargo personal banker. Typically, working in a large metropolitan area correlates to a higher salary, as well as a higher cost of living.

Here is a list of some major cities with their corresponding average Wells Fargo personal banker salary according to the Bureau of Labor Statistics.

How does this compare to similar jobs?

Here’s how a Wells Fargo personal banker’s salary stacks up against similar jobs.

How to increase your Wells Fargo personal banker salary

Now that you have a better idea of what you could expect to earn as a Wells Fargo personal banker, let’s look at ways to boost your salary.

1. Strengthen your skills

Pursuing and improving in-demand skills could make you more competitive for promotions and higher-paying positions. These skills include:

• Financial Analysis: Understand basic financial concepts and analyze customer needs to recommend products
• Banking Operations: Perform teller transactions and other basic banking operations
• New Accounts: Open new customer accounts, including processing paperwork and verifying identification
• Customer Service: Provide excellent customer service to resolve customer inquiries and complaints
• Sales: Meet sales goals by upselling products and services to customers

2. Take more responsibilities

One way to increase your salary as a personal banker is to take on more responsibilities. This could involve training new employees, leading customer service initiatives, or taking on a larger caseload. By demonstrating your value to the company, you’ll be in a better position to negotiate a higher salary.

3. Go back to school

While it may not be feasible to quit your job and go back to school full-time, taking some classes related to your field can help you develop the skills you need to earn a higher salary. If you’re not sure what to study, consider taking some business classes, or classes related to finance or accounting.

Article Sources

1. US Bureau of Labor Statistics. “National Compensation Survey, https://www.bls.gov/ncs/.” Accessed July 2, 2022.

2. US Bureau of Labor Statistics. “Occupational Employment and Wages, https://www.bls.gov/oes/current/oes132052.htm.” Accessed July 2, 2022.

3. Payscale. “Personal Banker Hourly Pay, https://www.payscale.com/research/US/Job=Personal_Banker/Hourly_Rate.” Accessed July 2, 2022.

4. Ziprecruiter. “Wells Fargo Personal Banker Annual Salary, https://www.ziprecruiter.com/Salaries/Wells-Fargo-Personal-Banker-Salary. ” Accessed July 2, 2022.

5. Indeed. “Indeed Salary Finder, https://www.indeed.com/career/salaries.” Accessed July 2, 2022.

6. Salary.com. “Wells Fargo Lead Teller Salary, https://www.salary.com/research/salary/employer/wells-fargo/lead-teller-salary.” Accessed July 2, 2022.

7. Glassdoor. “Wells Fargo Personal Banker Salaries, https://www.glassdoor.com/Salaries/wells-fargo-personal-banker-salary-SRCH_KO0,27.htm.” Accessed July 2, 2022.

90,000 CEOs of global banks earned $13.1m on average in 2015 90,001 90,002 CEOs of global banks earned $13.1m on average in 2015 / Guadalupe Pardo / Reuters

90,002 CEOs of major US banks — JPMorgan Chase, Goldman Sachs, Citigroup , Wells Fargo, Bank of America and Morgan Stanley each earned an average of $20.7 million. This amount includes their base salary, bonuses (cash and stocks) and pension plans, according to a study by Equilar and the Financial Times. JPMorgan CEO Jamie Dimon received the biggest reward for 2015 – the bank paid him $27. 6 million.

Eleven European banks paid their CEOs an average of $10.4 million, but most of them received much less. The total included $27 million paid to new CEOs of Standard Chartered, Credit Suisse and Barclays for unearned bonuses at their previous jobs.

CEO compensation for the top 20 global banks (which also includes Canadian and Australian banks) increased by 7.6% in 2015 from a 0.5% increase in 2014.

The remuneration of bank CEOs looks high compared to their modest profitability, says Bill Smead, CEO of Smead Capital Management. But some of them, including Dimon, deserved a big reward: they adjusted the direction of the business in the face of low rates and tighter regulation. “Over the past 4-5 years, running a business like this has been a hell of a hole,” says Smeed, “Now, few talented 22-year-olds wake up thinking, ‘I want to run one of these big banks,’ and scarcity breeds value.” by FT).

Top 5 highest paid bankers in the world

Photo Gallery: Top 5 highest paid bankers in the world

In 2015, Dimon’s compensation increased by 36%, with 92% of JPMorgan shareholders voting in favor of it. True, Dimon will be able to fully receive this money only after three years.

Citi CEO Mike Korbat’s pay rose 31% to $16.5 million, although a third of shareholders voted against. But the bank paid Korbat only 14% more than in 2013, and in 2014 it cut the CEO’s pay as the bank failed the Fed’s stress tests, according to Citi’s compensation committee.

Goldman paid Lloyd Blankfein 4% less than a year earlier – $ 23.4 million. Only 66% of shareholders approved his reward.

The top five most expensive bank CEOs in 2015 included two heads of European banks. Standard Chartered paid Bill Winters $22.4 million and Credit Suisse Tijan Thiam $21.1 million. But they both received compensation for losing part of their compensation when they moved to a new job.

At JPMorgan, pay raises aren’t just for executives. According to Dimon, in the next three years, the bank will increase the remuneration of the lowest paid employees. Now the minimum rate at JPMorgan is $10. 15 per hour. This is how much the bank pays cashiers and employees working with retail clients. In New York and San Francisco since 2019they will receive $16.5 an hour, in Chicago, Seattle, Los Angeles and Washington – $15.

“Many Americans’ incomes haven’t changed in too long,” Dimon said. With higher salaries, the bank will be able to “hire and retain talented employees in a competitive market, and rightly so,” he added (quoted by the WSJ).

How much does a Wells Fargo bank teller earn?

How much does a Wells Fargo bank teller make? The typical salary for a Wells Fargo cashier is $17 an hour. Cashier wages at Wells Fargo can range from $12 to $24 an hour. This estimate is based on the payroll report(s) 1940 Wells Fargo Teller provided by employees or calculated using statistical methods.3 days ago

What is the starting salary at Wells Fargo? Wells Fargo will raise the minimum wage from $15 to $20 per hour based on location. The pay increase will come into effect by the end of 2020. “Companies have a responsibility to help communities and employees reach their potential.

How much do bank tellers at Wells Fargo in California earn? How much does a cashier at Wells Fargo in California make? The average hourly wage for a Wells Fargo cashier in California is approximately $13.07, 6% below the national average.

Is Wells Fargo a good employer? “While the company has experienced some challenges in recent months, Wells Fargo is still an above average employer according to employees, with a company rating of 3.4, slightly above the company’s average rating of 3.3 on Glassdoor, based on from over 600,000 companies that we represent. in place,” Dobroski said.

Does Wells Fargo pay weekly or biweekly?

Wells Fargo pays us every other week. Bonuses quarterly. Every 2 weeks.

Bank clerk – a good job?

Becoming a teller can serve as an entry-level position in banking and can help launch a higher paying career in financial services. However, this is more the exception than the rule. Few cashiers are actually seriously considered by their current employers as candidates for promotion.

Is it difficult to get a job as a bank teller?

Fortunately, cashier positions are usually easy to find. Banks are everywhere, so you can usually find a free spot within a decent drive from home.

How much does a Personal Banker 2 make at Wells Fargo?

Wells Fargo Salary Frequently Asked Questions

The median salary for a Personal Banker II – registered in the US is $57,405 per year, 3% higher than the Wells Fargo median salary of $55,318 per year for this job.

Who is a Wells Fargo Personal Banker?

Personal Bankers develop strong relationships with other Wells Fargo partners that enable them to connect clients with professionals who can help with specific financial needs.

What are the requirements to work at Wells Fargo?

Financial institutions such as Wells Fargo usually have strict recruitment requirements. Applicants must be at least 18 years of age, have a high school diploma and at least a year of experience in customer service. Previous banking experience may also be helpful.

How much is Wells Fargo paying cashiers in California in 2021?

A typical Wells Fargo teller salary is $16 an hour. Cashier wages at Wells Fargo can range from $12 to $24 an hour.

Do bank tellers make good money?

The average salary for a bank teller in the United States is $61,675 as of . The range of our most popular bank teller positions (listed below) is typically between 26,026 and 9$7,324.

Is it difficult to get a job at Wells Fargo?

How difficult is it to find a job in Wells Fargo? Jobs at Wells Fargo are pretty competitive. While the company has many opportunities for job seekers, its generous social packages attract many job seekers. Wells Fargo takes a rigorous approach to selecting the best applicants for the team.

Is Wells Fargo a bad company to work for?

Many former employees move to Suntrust. bonus payouts are good (if you come across outrageous numbers.

How much does a Public Relations Banker at Wells Fargo make?

Wells Fargo Salary FAQ

The median salary for a public relations banker is $42,122 per year in the US, 20% lower than the Wells Fargo median salary of $52,988 per year for this job.

How long is the Wells Fargo cashier training?

This course lasts two weeks and covers all processes related to the duties of a cashier. The training is a two-week virtual training.

Does Wells Fargo pay well?

How much does Wells Fargo pay per year? Wells Fargo’s average salary ranges from approximately £3,60,000/year for a loan officer to £61,78,135/year for a managerial engineer. The highest paid position at Wells Fargo is as a managerial engineer with a salary of £61,78,135 per annum.

Does Wells Fargo give bonuses?

Yes, new Wells Fargo customers can receive $200 when they open a new $25 account and receive a total of $1,000 or more in eligible direct deposits into a new checking account within 90 days from account opening. How do I claim my Wells Fargo bonus?

How much is $20 per hour per month?

Since there are 2080 working hours in a year, if you divide this by 12, you get an average of 173 working hours per month. 20 times 173 is a monthly salary of $3,460. With an hourly rate of $20, you will earn an average of $3,460 per month before taxes.

Can a cashier become a banker?

Most employers require at least a high school diploma, but promotion often requires a bachelor’s degree. The teller is usually the first on the career path, which may soon lead to a loan officer or personal banker for those who show great promise.

Is banking a stressful job?

Some of the busiest jobs in India include jobs in the banking, finance, IT, construction and medical sectors. Bankers, especially investment bankers, work overtime, suffer from lack of sleep and exhaustion.

Does a bank teller look good on a resume?

Does a bank teller look good on a resume? A cashier position should give you enough time to work on other projects so you can fill your resume with plenty of marketing-related experience.