Home > Salary > Malaysia > Collections Clerk Banking

Collections Clerk Banking salary in Malaysia

Average Yearly Salary of Collections Clerk Banking in Malaysia is approximately 58,358 MYR (11,679 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 Collections Clerk Banking do?

occupation personasA collections clerk in banking is responsible for managing and monitoring the collection of outstanding debts owed by customers. They work closely with customers to ensure timely payments, resolve any payment issues or disputes, and maintain accurate records of all collections activities. This role involves contacting customers via phone, email, or mail to remind them of their overdue payments, negotiate payment plans, and provide assistance or guidance on payment options. Collections clerks also handle incoming customer inquiries regarding outstanding balances, payment arrangements, and account discrepancies. They collaborate with other departments, such as credit and sales, to resolve any issues that may hinder the collection process. Strong organizational skills, attention to detail, and excellent communication skills are essential for success in this role.

Skills: Collections clerk, Banking, Debt collection, Customer service, Payment processing, Account reconciliation.
Job industry: Banking


How much does Collections Clerk Banking make?

Salary details
How much does Collections Clerk Banking make?
Estimated Yearly Salary: 58,358 MYR
Estimated Monthly Salary: 4,863 MYR
Estimated Weekly Salary: 1,122 MYR per week
Estimated Hourly Salary: 28 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 56,205 MYR
Estimated Monthly Salary: 4,684 MYR
Estimated Weekly Salary: 1,081 MYR per week
Estimated Hourly Salary: 27 MYR per hour
Last revision of data: 2024-01-06



Collections Clerk Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 11,679 USD
Estimated Monthly Salary: 973 USD
Estimated Weekly Salary: 225 USD per week
Estimated Hourly Salary: 6 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.

Want to check how your salary compares? Submit your own salary here

Compare salary to other countries

Please type in your occupation and select desired country to see latest trends in salaries.
Search
Country:

Salary comparison to National average

Malaysia is a Southeast Asian country located on the Malay Peninsula and the island of Borneo. It has a diverse population consisting of various ethnic groups, including Malays, Chinese, Indians, and indigenous tribes. Malaysia has an estimated population of around 32 million people. The country covers an area of approximately 330,803 square kilometers, making it the 66th largest country in the world.

Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Collections Clerk Banking job salary compared to average salary in Malaysia.
Comparison shows that a person working as Collections Clerk Banking in Malaysia earns on average:
0.75 times the average salary (or 75% of average salary).

Is Collections Clerk Banking a well paid job?

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

What is considered a high salary for Collections Clerk Banking?

High salary for Collections Clerk Banking would be somewhere between 64,194 MYR and 84,619 MYR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Collections Clerk Banking in Malaysia?

Living in Malaysia the approximate monthly expenses are: 711 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: 58,358 MYR
Estimated Monthly Salary: 4,863 MYR
Estimated Weekly Salary: 1,122 MYR per week
Estimated Hourly Salary: 28 MYR per hour
By working as Collections Clerk Banking a person can save up to 262 USD per month or 3,145 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 Malaysia, see costs of living in Malaysia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Thailand, Indonesia, Singapore, Brunei, Vietnam, Philippines.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Collections Clerk Banking

Thailand is 4,722 USDdown arrow 60%
Details on Collections Clerk Banking salary in Thailand
Indonesia is 6,950 USDdown arrow 40%
Details on Collections Clerk Banking salary in Indonesia
Singapore is 44,041 USDup arrow 277%
Details on Collections Clerk Banking salary in Singapore
Brunei is 20,562 USDup arrow 76%
Details on Collections Clerk Banking salary in Brunei
Vietnam is 2,627 USDdown arrow 78%
Details on Collections Clerk Banking salary in Vietnam
Philippines is 2,580 USDdown arrow 78%
Details on Collections Clerk Banking salary in Philippines
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 Malaysia

(927,752 MYR per year, pre-tax.)
(770,656 MYR per year, pre-tax.)
(748,723 MYR per year, pre-tax.)
(724,417 MYR per year, pre-tax.)
(722,312 MYR per year, pre-tax.)
(706,560 MYR per year, pre-tax.)
(706,212 MYR per year, pre-tax.)
(704,735 MYR per year, pre-tax.)
(704,523 MYR per year, pre-tax.)
(703,305 MYR per year, pre-tax.)

Data as of 2025

Random salary:
Mental health associate (54,978 MYR per year, pre-tax.)
Groundsman (51,248 MYR per year, pre-tax.)
Residential remodeler (53,999 MYR per year, pre-tax.)
Station boiler fireman (84,305 MYR per year, pre-tax.)
Online media analyst (88,031 MYR per year, pre-tax.)

Frequently searched careers by keyword and country
Collections clerk banking
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
collections clerk banking salary in malaysia 2025
Link to this graph - use the following code to display the salary graph on your page: <a href='https://optisalary.com/salary?country=malaysia&job=collections-clerk-banking'><img src='https://optisalary.com/wp-content/graphs/salary/collections-clerk-banking-salary-in-malaysia-2025.jpg' alt='collections clerk banking salary in malaysia 2025' title='collections clerk banking salary in malaysia 2025' /></a>
Please note:
Salary data displayed on this site is informational exclusively.
optisalary.com provides salary figures exclusively for informational purposes. While we endeavor for accuracy, we cannot guarantee the validity of all figures. Users should double-check salary details with official sources before making financial plans. Salary amounts may fluctuate based on multiple elements, such as geographic location, experience, and job role. We accept no responsibility for errors in the salary figures provided. By using optisalary.com, you acknowledge that salary data is subject to change.
Salary details presented on this website are intended for reference purposes exclusively. Our data is sourced through various sources and may not necessarily be accurate. Users must verify salary information through other means before making financial commitments. The figures shown here may change due to variables such as location, industry standards, and individual skill sets. We cannot guarantee that the information displayed is flawless. By using this website, you agree that salary information is offered 'as is' and without warranties.