Financial Clerk Overtime Lawsuits: Wage & Hour Laws
Financial Clerk Overtime Lawsuits: Wage & Hour Laws

Financial Clerk Overtime Lawsuits: Wage & Hour Laws

Commonly asked overtime pay law questions about Financial Clerks:

What Is a Financial Clerk?

A financial clerk is someone who manages many different financial transactions in businesses by keeping track of a company’s money. These individuals mostly perform administrative work for banking, insurance, and other companies. They keep records, help customers, and carry out financial transactions. Some of the jobs that  fall into this category are bank tellers, stockbrokers and mortgage brokers.

What is the Salary Range for a Financial Clerk?

Depending on the work setting and state, the U.S. Bureau of Labor Statistics (BLS) noted that in 2016, the average amount of money per year that financial clerks make is about $41,000 per year with over 80% of the workforce making between $26,000 and $60,000 annually.

How Many Financial Clerks Are Nationally Employed?

According to the United States Department of Labor, employment estimate and mean wage estimates for financial clerks are as follows:

  • Employment: 34,540
  • Employment RSE*: 4.1%
  • Mean Hourly Wage: $20.13
  • Mean Annual Wage: $41,870

*RSE: The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

According to the United States Department of Labor, the percentile wage estimates for a financial clerk is as follows:

  • 10% Percentile: $12.56
  • 25% Percentile: $15.45
  • 50% Percentile (Median): $19.01
  • 75% Percentile: $23.83
  • 90% Percentile: $29.30

Where Are Most Financial Clerks Employed?

According to the United States Department of Labor, states with the highest employment level of financial clerks are as follows:

State Employment Employment Per Thousand Jobs Location Quotient Hourly Mean Wage Annual Mean Wage
California 6,510 0.41 1.66 $19.28 $40.110
Ohio 2,360 0.44 1.80 $18.91 $39,330
Colorado 2,210 0.88 3.58 $21.08 $43,850
Texas 2,140 0.18 0.74 $20.87 $43,420
Florida 2,120 0.26 1.05 $19.56 $40,680

Financial Clerk Overtime Pay Lawsuit News

Chase Settles Teller Overtime For $12 Million

LOS ANGELES — Tellers and other bank employees for JPMorgan Chase Bank NA appear to have reached a settlement with the bank in their class action overtime pay lawsuit. The parties have submitted the $12 million settlement agreement to a California federal court judge. They are now seeking preliminary approval. The Settlement Both parties agreed […]

Read All Financial Clerk News on Overtime Pay Cases and Settlements

What are the Laws for Financial Clerks Overtime Pay?

Under the Fair Labor Standards Act, financial clerks are often entitled to overtime pay for all hours worked over 40 in one week. If an employer denies a financial clerk overtime wages, it could give rise to an overtime pay lawsuit.

There are strict time limitations for filing a claim so it is important that you discuss your case in a timely manner. If you wait too long, you may lose your ability to recover some or all of your back pay. An experienced financial clerk overtime pay attorney can determine whether you are entitled to overtime wages based upon your job description, job duties, rate of pay, and number of hours worked.

Some states have their own overtime pay laws that may be slightly different from the FLSA with respect to overtime pay for financial clerks. There are strict time deadlines for filing lawsuits so it is essential that you contact an attorney immediately.

To determine whether you are eligible for filing a wage claim, contact our experienced Financial Clerk Overtime Pay Lawyers at (855) 754-2795 for a Free Consultation to discuss your case or complete the Free Unpaid Overtime Case Review Form on this page.

We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.

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