Home > Salary > South Africa > Retail Banker
A retail banker is a professional who works in a bank or financial institution and primarily deals with individual clients. Their main responsibility is to assist customers with their banking needs and provide them with various financial services. They handle tasks such as opening new accounts, processing transactions, managing loans and mortgages, and providing advice on investment options and insurance products. Retail bankers also play a crucial role in building and maintaining customer relationships by understanding their financial goals and offering personalized solutions.
Estimated Yearly Salary: 83,898 ZAR
Estimated Monthly Salary: 6,992 ZAR
Estimated Weekly Salary: 1,613 ZAR per week
Estimated Hourly Salary: 40 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,775 ZAR
Estimated Weekly Salary: 1,563 ZAR per week
Estimated Hourly Salary: 39 ZAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 4,208 USD
Estimated Monthly Salary: 351 USD
Estimated Weekly Salary: 81 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: 83,898 ZAR
Estimated Monthly Salary: 6,992 ZAR
Estimated Weekly Salary: 1,613 ZAR per week
Estimated Hourly Salary: 40 ZAR per hour
By working as Retail Banker a person can save up to 79 USD per month or 954 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 Retail Banker
Last revision of data: 2025-01-04
Data as of 2025
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Retail Banker salary in South Africa
Average Yearly Salary of Retail Banker in South Africa is approximately 83,898 ZAR (4,208 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 Retail Banker do?
A retail banker is a professional who works in a bank or financial institution and primarily deals with individual clients. Their main responsibility is to assist customers with their banking needs and provide them with various financial services. They handle tasks such as opening new accounts, processing transactions, managing loans and mortgages, and providing advice on investment options and insurance products. Retail bankers also play a crucial role in building and maintaining customer relationships by understanding their financial goals and offering personalized solutions.
Skills: retail banker, banking services, financial advisor, customer relationship management, account management, financial products
Job industry: Banking
Job industry: Banking
How much does Retail Banker make?
Salary details
How much does Retail Banker make?Estimated Yearly Salary: 83,898 ZAR
Estimated Monthly Salary: 6,992 ZAR
Estimated Weekly Salary: 1,613 ZAR per week
Estimated Hourly Salary: 40 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 81,300 ZAREstimated Monthly Salary: 6,775 ZAR
Estimated Weekly Salary: 1,563 ZAR per week
Estimated Hourly Salary: 39 ZAR per hour
Last revision of data: 2024-01-08Retail Banker estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,208 USD
Estimated Monthly Salary: 351 USD
Estimated Weekly Salary: 81 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
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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 Retail Banker job salary compared to average salary in South Africa.
Comparison shows that a person working as Retail Banker in South Africa earns on average:
0.66 times the average salary (or 66% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banker job salary compared to average salary in South Africa.
Comparison shows that a person working as Retail Banker in South Africa earns on average:
0.66 times the average salary (or 66% of average salary).
Is Retail Banker a well paid job?
No, our data shows that Retail Banker is typically not a well-paid job. The salary varies based on experience. Meaning that even though Retail Banker might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Retail Banker?
High salary for Retail Banker would be somewhere between 92,288 ZAR and 121,652 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Banker 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: 83,898 ZAR
Estimated Monthly Salary: 6,992 ZAR
Estimated Weekly Salary: 1,613 ZAR per week
Estimated Hourly Salary: 40 ZAR per hour
By working as Retail Banker a person can save up to 79 USD per month or 954 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 Retail Banker
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
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
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5. Neurosurgeon
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(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
(1,073,439 ZAR per year, pre-tax.)
9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
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Data as of 2025Random salary:
Cnc lathe operator (69,826 ZAR per year, pre-tax.)
Executive chef hotel (142,473 ZAR per year, pre-tax.)
Assistant controller (155,924 ZAR per year, pre-tax.)
Hr benefits manager (162,375 ZAR per year, pre-tax.)
Database administration (dba), manager (239,942 ZAR per year, pre-tax.)
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