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Bank Reconciliation Specialist salary in Canada

Average Yearly Salary of Bank Reconciliation Specialist in Canada is approximately 37,141 CAD (37,179 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Reconciliation Specialist do?

occupation personasA bank reconciliation specialist is responsible for ensuring the accuracy and integrity of financial transactions between a company's bank accounts and its internal records. They meticulously compare and analyze bank statements, general ledger entries, and other financial documents to identify discrepancies or errors. Their primary objective is to reconcile any differences and ensure that all transactions are properly recorded. The specialist also investigates and resolves any outstanding issues related to bank transactions, such as missing deposits or unauthorized withdrawals. They communicate with banks and internal departments to gather necessary information, clarify discrepancies, and implement corrective actions. Additionally, they may assist in developing and implementing internal controls and procedures to prevent future discrepancies.

Skills: Bank reconciliation, Financial analysis, Accounting, Financial transactions, Error detection, Problem-solving
Job industry: Finance


How much does Bank Reconciliation Specialist make?

Salary details
How much does Bank Reconciliation Specialist make?
Estimated Yearly Salary: 37,141 CAD
Estimated Monthly Salary: 3,095 CAD
Estimated Weekly Salary: 714 CAD per week
Estimated Hourly Salary: 18 CAD per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 35,790 CAD
Estimated Monthly Salary: 2,983 CAD
Estimated Weekly Salary: 688 CAD per week
Estimated Hourly Salary: 17 CAD per hour
Last revision of data: 2024-01-06



Bank Reconciliation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 37,179 USD
Estimated Monthly Salary: 3,098 USD
Estimated Weekly Salary: 715 USD per week
Estimated Hourly Salary: 18 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 4 %

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Canada is a vast country located in North America. It has a population of approximately 38 million people, making it the second-largest country by land area and the tenth-largest by population. With a total area of about 9.98 million square kilometers, Canada is known for its breathtaking landscapes, including mountains, forests, lakes, and coastlines.

Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in Canada.
Comparison shows that a person working as Bank Reconciliation Specialist in Canada earns on average:
0.52 times the average salary (or 52% of average salary).

Is Bank Reconciliation Specialist a well paid job?

No, our data shows that Bank Reconciliation Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Bank Reconciliation Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Bank Reconciliation Specialist?

High salary for Bank Reconciliation Specialist would be somewhere between 40,855 CAD and 53,854 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Reconciliation Specialist in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 37,141 CAD
Estimated Monthly Salary: 3,095 CAD
Estimated Weekly Salary: 714 CAD per week
Estimated Hourly Salary: 18 CAD per hour
By working as Bank Reconciliation Specialist a person can save up to 980 USD per month or 11,758 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Reconciliation Specialist

United States Of America is 39,895 USDup arrow 7%
Details on Bank Reconciliation Specialist salary in United States Of America
Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

    0 years (beginner) equals base salary
    1 to 5 years of experience yields up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

(552,602 CAD per year, pre-tax.)
(460,219 CAD per year, pre-tax.)
(446,188 CAD per year, pre-tax.)
(430,825 CAD per year, pre-tax.)
(430,370 CAD per year, pre-tax.)
(421,037 CAD per year, pre-tax.)
(420,203 CAD per year, pre-tax.)
(419,967 CAD per year, pre-tax.)
(419,948 CAD per year, pre-tax.)
(419,552 CAD per year, pre-tax.)

Data as of 2025

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