Home > Salary > Saudi Arabia > Banking Collector
A banking collector is responsible for recovering outstanding debts from customers on behalf of a bank or financial institution. They are typically tasked with contacting customers who have fallen behind on loan payments, credit card bills, or other financial obligations. The main objective of a banking collector is to negotiate payment arrangements, set up repayment plans, and ensure that customers meet their financial commitments.
This occupation requires excellent communication and negotiation skills, as collectors must engage with customers to understand their financial situations and find mutually agreeable solutions. They also need to be persistent and assertive while maintaining professionalism and empathy towards customers facing financial difficulties. Attention to detail is crucial in documenting conversations, updating customer records, and following legal and regulatory guidelines.
Estimated Yearly Salary: 77,096 SAR
Estimated Monthly Salary: 6,425 SAR
Estimated Weekly Salary: 1,483 SAR per week
Estimated Hourly Salary: 37 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,215 SAR
Estimated Weekly Salary: 1,434 SAR per week
Estimated Hourly Salary: 36 SAR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 19,293 USD
Estimated Monthly Salary: 1,608 USD
Estimated Weekly Salary: 371 USD per week
Estimated Hourly Salary: 9 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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
Estimated Yearly Salary: 77,096 SAR
Estimated Monthly Salary: 6,425 SAR
Estimated Weekly Salary: 1,483 SAR per week
Estimated Hourly Salary: 37 SAR per hour
By working as Banking Collector a person can save up to 504 USD per month or 6,050 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Banking Collector
Last revision of data: 2025-01-04
Data as of 2025
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Banking Collector salary in Saudi Arabia
Average Yearly Salary of Banking Collector in Saudi Arabia is approximately 77,096 SAR (19,293 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 Collector do?
A banking collector is responsible for recovering outstanding debts from customers on behalf of a bank or financial institution. They are typically tasked with contacting customers who have fallen behind on loan payments, credit card bills, or other financial obligations. The main objective of a banking collector is to negotiate payment arrangements, set up repayment plans, and ensure that customers meet their financial commitments.
This occupation requires excellent communication and negotiation skills, as collectors must engage with customers to understand their financial situations and find mutually agreeable solutions. They also need to be persistent and assertive while maintaining professionalism and empathy towards customers facing financial difficulties. Attention to detail is crucial in documenting conversations, updating customer records, and following legal and regulatory guidelines.
Skills: Banking, Debt Recovery, Collections, Negotiation, Customer Service, Financial Obligations.
Job industry: Finance
Job industry: Finance
How much does Banking Collector make?
Salary details
How much does Banking Collector make?Estimated Yearly Salary: 77,096 SAR
Estimated Monthly Salary: 6,425 SAR
Estimated Weekly Salary: 1,483 SAR per week
Estimated Hourly Salary: 37 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 74,580 SAREstimated Monthly Salary: 6,215 SAR
Estimated Weekly Salary: 1,434 SAR per week
Estimated Hourly Salary: 36 SAR per hour
Last revision of data: 2024-01-02Banking Collector estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 19,293 USD
Estimated Monthly Salary: 1,608 USD
Estimated Weekly Salary: 371 USD per week
Estimated Hourly Salary: 9 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Banking Collector job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Banking Collector in Saudi Arabia earns on average:
0.75 times the average salary (or 75% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Banking Collector job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Banking Collector in Saudi Arabia earns on average:
0.75 times the average salary (or 75% of average salary).
Is Banking Collector a well paid job?
No, our data shows that Banking Collector is typically not a well-paid job. The salary varies based on experience. Meaning that even though Banking Collector might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Banking Collector?
High salary for Banking Collector would be somewhere between 84,806 SAR and 111,789 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Banking Collector in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 77,096 SAR
Estimated Monthly Salary: 6,425 SAR
Estimated Weekly Salary: 1,483 SAR per week
Estimated Hourly Salary: 37 SAR per hour
By working as Banking Collector a person can save up to 504 USD per month or 6,050 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. 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 Collector
Jordan is 6,669 USD
Iraq is 4,188 USD
Kuwait is 9,408 USD
Qatar is 49,171 USD
Bahrain is 12,498 USD
United Arab Emirates is 34,194 USD
Oman is 6,338 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Senior packaging engineer (200,888 SAR per year, pre-tax.)
Senior vice president (svp), commercial lending (292,312 SAR per year, pre-tax.)
Director of interior design (178,199 SAR per year, pre-tax.)
Equal employment opportunity (eeo), manager (173,220 SAR per year, pre-tax.)
Underwriter 1 (105,735 SAR per year, pre-tax.)
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