Home > Salary > South Africa > 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: 94,774 ZAR
Estimated Monthly Salary: 7,898 ZAR
Estimated Weekly Salary: 1,823 ZAR per week
Estimated Hourly Salary: 46 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,637 ZAR
Estimated Weekly Salary: 1,762 ZAR per week
Estimated Hourly Salary: 44 ZAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 4,759 USD
Estimated Monthly Salary: 397 USD
Estimated Weekly Salary: 92 USD per week
Estimated Hourly Salary: 2 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: 94,774 ZAR
Estimated Monthly Salary: 7,898 ZAR
Estimated Weekly Salary: 1,823 ZAR per week
Estimated Hourly Salary: 46 ZAR per hour
By working as Banking Collector a person can save up to 125 USD per month or 1,505 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Banking Collector
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Banking Collector salary in South Africa
Average Yearly Salary of Banking Collector in South Africa is approximately 94,774 ZAR (4,759 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: 94,774 ZAR
Estimated Monthly Salary: 7,898 ZAR
Estimated Weekly Salary: 1,823 ZAR per week
Estimated Hourly Salary: 46 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 91,640 ZAREstimated Monthly Salary: 7,637 ZAR
Estimated Weekly Salary: 1,762 ZAR per week
Estimated Hourly Salary: 44 ZAR per hour
Last revision of data: 2024-01-08Banking Collector estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,759 USD
Estimated Monthly Salary: 397 USD
Estimated Weekly Salary: 92 USD per week
Estimated Hourly Salary: 2 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
Compare salary to other countries
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Country:
Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Banking Collector job salary compared to average salary in South Africa.
Comparison shows that a person working as Banking Collector in South Africa earns on average:
0.75 times the average salary (or 75% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Banking Collector job salary compared to average salary in South Africa.
Comparison shows that a person working as Banking Collector in South Africa 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 104,251 ZAR and 137,422 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Banking Collector in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 94,774 ZAR
Estimated Monthly Salary: 7,898 ZAR
Estimated Weekly Salary: 1,823 ZAR per week
Estimated Hourly Salary: 46 ZAR per hour
By working as Banking Collector a person can save up to 125 USD per month or 1,505 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
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9. Oncologist
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10. Urologist
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Data as of 2025Random salary:
Deposit operations administrator (99,018 ZAR per year, pre-tax.)
Associate director sales and marketing (198,561 ZAR per year, pre-tax.)
Shipper receiver packer (78,180 ZAR per year, pre-tax.)
Building maintenance supervisor (81,883 ZAR per year, pre-tax.)
Front end developer (215,743 ZAR per year, pre-tax.)
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