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How much do financial transaction processing jobs pay per hour?

As of Aug 24, 2026, the average hourly pay for financial transaction processing in the United States is $19.50, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $20.19 per hour, depending on experience, location, and employer.

What is financial transaction processing?

Financial transaction processing refers to the systematic handling of financial transactions such as payments, deposits, withdrawals, and fund transfers. This process ensures that all monetary exchanges are conducted securely, accurately, and in compliance with regulatory standards. It involves various technologies and protocols to record, verify, and settle transactions between individuals, businesses, and financial institutions. Financial transaction processors play a crucial role in supporting banking operations, e-commerce, and other financial services by facilitating seamless and efficient movement of funds.

What are the key skills and qualifications needed to thrive in financial transaction processing, and why are they important?

To thrive in Financial Transaction Processing, strong analytical abilities, attention to detail, and a background in finance or accounting are essential, often supported by a bachelor’s degree. Familiarity with transaction processing systems, financial software like SAP or Oracle, and compliance standards such as AML and KYC is typically required. Effective communication, problem-solving, and organizational skills help professionals manage high volumes of transactions accurately and efficiently. These skills ensure accuracy, regulatory compliance, and operational efficiency in handling sensitive financial data.

What are some common challenges faced in a financial transaction processing role and how can they be managed?

Professionals in Financial Transaction Processing often encounter challenges such as managing high transaction volumes, ensuring accuracy under tight deadlines, and adhering to strict compliance and regulatory requirements. Attention to detail and effective time management are essential to avoid errors and ensure timely processing. Collaborating closely with other departments, such as compliance and IT, helps address discrepancies swiftly and maintain smooth workflow. Regular training and staying updated on regulatory changes also support success and minimize potential issues.

What is the difference between Financial Transaction Processing vs Financial Data Analyst?

AspectFinancial Transaction ProcessingFinancial Data Analyst
Primary RoleHandling and processing financial transactions such as payments, deposits, and withdrawalsAnalyzing financial data to identify trends, patterns, and insights
Required SkillsAttention to detail, knowledge of banking systems, basic accountingData analysis, Excel, financial modeling, reporting skills
Work EnvironmentBanking institutions, payment processing companiesFinancial services firms, consulting agencies, corporate finance departments
CertificationsGenerally not required, but certifications like CFP or CPA can helpFinancial certifications like CFA, CPA, or data analysis certifications

Financial Transaction Processing focuses on executing and managing financial transactions efficiently, while Financial Data Analysts interpret financial data to support decision-making. Both roles require attention to detail but differ in their core functions and skill sets.

More about Financial Transaction Processing jobs

What states have the most Financial Transaction Processing jobs?

States with the most job openings for Financial Transaction Processing jobs include:

What job categories do people searching Financial Transaction Processing jobs look for?

The top searched job categories for Financial Transaction Processing jobs are:

Financial Transaction Processing jobs near you
Infographic showing various Financial Transaction Processing job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $40,568 per year, or $19.5 per hour.

RBSC Financial Transaction Coordinator

Burlington, VT • On-site

The University of Vermont
Colleges, Universities, and Professional Schools • 1 - 5K employees

8.1

Company rating: 8.1 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

168th of 622 rated colleges and universities

People enjoy working here

Good employer

Respectful managers

Learn more about The University of Vermontexternal

$53K - $55K/yr

Full-time

Posted 5 days ago

Job description

RBSC Financial Transaction Coordinator
Posting Summary
Serve as a key resource for faculty, staff, students, and external partners, as a member of the Rubenstein Business Service Center ( RBSC ). Coordinate and process a variety of financial transactions, including procurement, payments, receivables, contract and agreement routing, recordkeeping, and related administrative activities. Maintain financial tracking systems, shared communication channels, operational records, and electronic filing systems to support efficient business operations. Serve as a resource for departmental stakeholders by facilitating communication, gathering required documentation, and ensuring timely completion of business processes.
Work independently and as part of a team, collaborating with various UVM offices & external organizations and vendors as needed. Apply in-depth knowledge of university policies, procedures, funding sources, and compliance requirements to support business operations and ensure the appropriate allocation and use of resources. Develop and maintain a broad understanding of federal grant regulations and compliance standards to support sponsored project administration and related business activities.
Serve as a backup resource for business office functions, assisting with operational responsibilities as needed to maintain continuity of operations. Demonstrate strong attention to detail, organization, communication, customer service, and a commitment to meeting University deadlines and maintaining high standards of accuracy and professionalism.
Minimum Qualifications (or equivalent combination of education and experience)
Associate's degree in accounting, business administration, finance, public administration, or a related field and two to four years of experience in financial, administrative, business operations, or office support; or an equivalent combination of education and experience
Experience supporting financial transactions, operational processes, and compliance requirements in a complex organization required. Demonstrated experience managing multiple priorities, maintaining accurate records, and processing detailed transactions. Effective organizational, customer service, written, and verbal communication skills required.
Demonstrated commitment to diversity, equity and inclusion.
Desirable Qualifications
Bachelor's in related field. Experience working in a higher education or similarly complex environment. Experience with financial transaction processing, reconciliations, accounts receivable, purchasing card administration, and financial reporting. Working knowledge of PeopleSoft, Microsoft Excel, and electronic document management systems.
Anticipated Pay Range
$27.18 - $28.21/hr
Other Information
$53,000 - $55,000 Annually
Special Conditions
A probationary period may be required, This position is eligible for a hybrid schedule with an option to split time between campus and elsewhere, in accordance with the university telecommuting policy, Background Check required for this position

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