Transfer agent vs clearing house clerk

The differences between transfer agents and clearing house clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a transfer agent and a clearing house clerk. Additionally, a clearing house clerk has an average salary of $33,479, which is higher than the $25,018 average annual salary of a transfer agent.

The top three skills for a transfer agent include customer service, inbound calls and outbound calls. The most important skills for a clearing house clerk are customer service, customer orders, and rent payments.

Transfer agent vs clearing house clerk overview

	Transfer Agent	Clearing House Clerk
Yearly salary	$25,018	$33,479
Hourly rate	$12.03	$16.10
Growth rate	10%	-5%
Number of jobs	28,396	89,149
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 39%
Average age	43	51
Years of experience	6	6

Transfer agent vs clearing house clerk salary

Transfer agents and clearing house clerks have different pay scales, as shown below.

	Transfer Agent	Clearing House Clerk
Average salary	$25,018	$33,479
Salary range	Between $18,000 And $33,000	Between $26,000 And $42,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between transfer agent and clearing house clerk education

There are a few differences between a transfer agent and a clearing house clerk in terms of educational background:

	Transfer Agent	Clearing House Clerk
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 39%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Transfer agent vs clearing house clerk demographics

Here are the differences between transfer agents' and clearing house clerks' demographics:

	Transfer Agent	Clearing House Clerk
Average age	43	51
Gender ratio	Male, 42.3% Female, 57.7%	Male, 32.2% Female, 67.8%
Race ratio	Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.6% White, 66.8% American Indian and Alaska Native, 0.2%	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%
LGBT Percentage	6%	7%

Differences between transfer agent and clearing house clerk duties and responsibilities

Transfer agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Adhere to FDCPA regulations, federal, state and local law provisions.
Research inquiries and provide appropriate feedback including company policies, IRS regulations and compliance requirements.
Provide information to clients on Fidelityproducts, services, operational procedures, including 401k, transaction and NAV quotes.
Answer complex financial inquiries including, fund and market performance, taxation (cost basis, IRS forms, etc.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Clearing house clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Screen all applicants to ensure prospective tenants meet the requirements of HUD.
Operate CPCS program with 10-key data entry to maintain accuracy of account information.
Utilize strong technical skills to fix problems with CPCS system used to do balancing and dispatch cut offs.
Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
Balance all transactions make via mail, phone or in person at the end of each day using PeopleSoft.

Transfer agent vs clearing house clerk skills

Common transfer agent skills

Customer Service, 27%
Inbound Calls, 13%
Outbound Calls, 12%
TA, 6%
Debt Collection, 6%
Transferring Calls, 3%

Common clearing house clerk skills

Customer Service, 61%
Customer Orders, 39%
Rent Payments, 0%
Scheduling Appointments, 0%
Computer System, 0%
Housing Assistance, 0%

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Sales Industry
Transfer Agent
Transfer Agent vs Clearing House Clerk

Updated January 8, 2025

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