An ACH processor's average annual salary typically ranges from approximately $34,102 to $34,366, with monthly pay varying from about $2,841 to $2,863. These figures can differ significantly based on geographic location and other factors.
Average ACH Processor Salaries by State
The compensation for an ACH processor can vary notably depending on the state where they are employed. The following table illustrates average annual and monthly salaries in several states:
| State | Average Annual Salary | Average Monthly Pay |
|---|---|---|
| California | $34,366 | $2,863 |
| Minnesota | $34,105 | $2,842 |
| Rhode Island | $34,102 | $2,841 |
Factors Influencing Salary
While the state plays a significant role, other factors can also influence how much an ACH processor makes:
- Experience Level: Entry-level positions may offer lower salaries compared to those requiring several years of experience in ACH processing or related financial operations.
- Company Size and Type: Larger financial institutions or specialized payment processing companies might offer more competitive salaries and benefits than smaller organizations.
- Job Responsibilities: The specific duties and complexity of the tasks involved can also affect compensation. Processors with responsibilities for compliance, risk management, or higher transaction volumes might earn more.
- Skills and Certifications: Possessing specialized skills in financial software, compliance regulations, or relevant certifications can command a higher salary.
Understanding these variations is crucial for anyone looking into a career as an ACH processor or for employers setting salary benchmarks.
