Banking Account Specialist salary in Iceland

Average Yearly Salary of Banking Account Specialist in Iceland is approximately 6,827,286 ISK (47,609 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 Banking Account Specialist do?

A banking account specialist is responsible for managing and maintaining customer accounts at a financial institution. They handle various tasks related to customer account activities, such as opening new accounts, processing deposits and withdrawals, resolving account inquiries, and ensuring accuracy of account information. These specialists also provide assistance in setting up online banking services, issuing debit and credit cards, and guiding customers through the account application process. They may also be involved in identifying potential sales opportunities and promoting additional banking products or services to customers.

Skills: Banking, Account Management, Customer Service, Financial Services, Account Operations, Sales Promotion
Job industry: Finance

How much does Banking Account Specialist make?

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


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Salary comparison to National average

Is Banking Account Specialist a well paid job?

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

What is considered a high salary for Banking Account Specialist?

High salary for Banking Account Specialist would be somewhere between 7,510,015 ISK and 9,899,565 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banking Account Specialist in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 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: 6,827,286 ISK
Estimated Monthly Salary: 568,941 ISK
Estimated Weekly Salary: 131,294 ISK per week
Estimated Hourly Salary: 3,282 ISK per hour
By working as Banking Account Specialist a person can save up to 1,239 USD per month or 14,863 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 Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Banking Account Specialist

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 +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +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.

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Data as of 2025

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