Home > Salary > Singapore > Collections Clerk Banking
A 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.
Estimated Yearly Salary: 88,080 SGD
Estimated Monthly Salary: 7,340 SGD
Estimated Weekly Salary: 1,694 SGD per week
Estimated Hourly Salary: 42 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,081 SGD
Estimated Weekly Salary: 1,634 SGD per week
Estimated Hourly Salary: 41 SGD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 44,041 USD
Estimated Monthly Salary: 3,670 USD
Estimated Weekly Salary: 847 USD per week
Estimated Hourly Salary: 21 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 88,080 SGD
Estimated Monthly Salary: 7,340 SGD
Estimated Weekly Salary: 1,694 SGD per week
Estimated Hourly Salary: 42 SGD per hour
By working as Collections Clerk Banking a person can save up to 982 USD per month or 11,785 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Collections Clerk Banking
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Collections Clerk Banking salary in Singapore
Average Yearly Salary of Collections Clerk Banking in Singapore is approximately 88,080 SGD (44,041 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?
A 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
Job industry: Banking
How much does Collections Clerk Banking make?
Salary details
How much does Collections Clerk Banking make?Estimated Yearly Salary: 88,080 SGD
Estimated Monthly Salary: 7,340 SGD
Estimated Weekly Salary: 1,694 SGD per week
Estimated Hourly Salary: 42 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 84,968 SGDEstimated Monthly Salary: 7,081 SGD
Estimated Weekly Salary: 1,634 SGD per week
Estimated Hourly Salary: 41 SGD per hour
Last revision of data: 2024-01-06Collections Clerk Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 44,041 USD
Estimated Monthly Salary: 3,670 USD
Estimated Weekly Salary: 847 USD per week
Estimated Hourly Salary: 21 USD per hour
Difference in salary year over year or average salary increase is approximately
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
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Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Collections Clerk Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Collections Clerk Banking in Singapore earns on average:
0.92 times the average salary (or 92% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Collections Clerk Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Collections Clerk Banking in Singapore earns on average:
0.92 times the average salary (or 92% of average salary).
Is Collections Clerk Banking a well paid job?
Yes, our data show that Collections Clerk Banking is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Collections Clerk Banking?
High salary for Collections Clerk Banking would be somewhere between 96,888 SGD and 127,716 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Collections Clerk Banking in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 88,080 SGD
Estimated Monthly Salary: 7,340 SGD
Estimated Weekly Salary: 1,694 SGD per week
Estimated Hourly Salary: 42 SGD per hour
By working as Collections Clerk Banking a person can save up to 982 USD per month or 11,785 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 11,679 USD
Indonesia is 6,950 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 Singapore
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Data as of 2025Random salary:
Qa administrative assistant (52,457 SGD per year, pre-tax.)
Admissions counselor (105,775 SGD per year, pre-tax.)
Boiler operator (127,666 SGD per year, pre-tax.)
Banker 2 (83,210 SGD per year, pre-tax.)
Legislative assistant (66,764 SGD per year, pre-tax.)
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