Prevailing Wage for New Accounts Clerks
New Accounts Clerks (SOC 43-4141) are subject to DOL prevailing wage rules whenever a U.S. employer sponsors a work visa or green card. Whether your offer letter reads Banking Services Representative, Customer Service Specialist, or Financial Services Representative, the same four experience-based wage levels apply, and the floor shifts significantly depending on where the job is located.
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Entry-level clerks with limited experience in opening and explaining financial accounts. Typically performs routine tasks under close supervision, with work checked frequently. Little independent judgment expected. DOL assigns Level 1 when the position requires no prior specialized experience.
The most common filing level for New Accounts Clerks. Applies to candidates with one to three years of relevant experience who handle standard account-opening procedures with moderate supervision. Most sponsored positions in retail banking and credit unions are filed here.
Experienced clerks who work independently, handle complex or non-routine account situations, and may guide junior staff. DOL assigns Level 3 when the role requires demonstrated judgment and a track record of resolving elevated customer or compliance issues without close oversight.
Senior or lead-level professionals with broad expertise across account types, products, and compliance requirements. Typically sets procedures, trains others, or holds a specialist title. DOL assigns Level 4 when the position requires comprehensive mastery and significant independent authority.
Prevailing Wage for New Accounts Clerks by OES area
Each shape is a DOL OES area, the unit prevailing wage is published for.
What’s an OES area?
The Department of Labor publishes prevailing wages for geographic zones called OES areas. Every U.S. county belongs to exactly one, and the wage floor applies across the whole area. A worker in Oakland gets the San Francisco metro wage, not a separate Oakland wage.
Top 10 cities · Level 1
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See which U.S. employers are actively hiring for New Accounts Clerks and sponsoring H-1B, OPT, and green card visas at or above the prevailing wage.
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Confirm your filing level matches your account scope
Banks and credit unions sometimes file Member Service Representatives at Level 1 even when the role covers complex product explanations and compliance disclosures. If your day-to-day work involves non-routine account decisions, Level 2 is the correct DOL benchmark.
Watch how signing bonuses affect your base wage
DOL prevailing wage compliance for New Accounts Clerks is measured against base salary only. One-time signing bonuses and incentive pay tied to account-opening targets cannot be counted toward meeting the prevailing wage floor on an LCA.
Factor in metro gaps before accepting a branch location
Prevailing wage floors for this role vary sharply by city. San Francisco and Waterbury metro areas sit well above the national median, while markets like El Paso and Huntington fall significantly below it. Your LCA worksite address, not your employer's headquarters, determines which floor applies.
Use Migrate Mate to find employers with sponsorship history
Retail banks and credit unions vary widely in visa sponsorship activity for financial services roles. Migrate Mate shows which specific employers have historically sponsored New Accounts Clerks and similar titles, so you can prioritize applications to institutions that already know the process.
Jobs for New Accounts Clerks are hiring across the US. Find yours.
Find Jobs for New Accounts ClerksPrevailing Wage by Reported Job Title
DOL classifies these titles under SOC 43-4141.00 alongside New Accounts Clerks, so the same four-tier wage schedule applies to each. Tap a title to see the full breakdown.
Banking Services Representative Prevailing Wage
Banking Services Representative Prevailing Wage
Banking Services Representative positions fall under SOC 43-4141.00 (New Accounts Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Customer Service Specialist Prevailing Wage
Customer Service Specialist Prevailing Wage
When a U.S. employer sponsors a Customer Service Specialist for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4141.00 (New Accounts Clerks). Wage level reflects the role's experience and responsibility, not the title itself.
Financial Service Representative Prevailing Wage
Financial Service Representative Prevailing Wage
Financial Service Representative is an O*NET-reported job title within SOC 43-4141.00 (New Accounts Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Financial Services Representative Prevailing Wage
Financial Services Representative Prevailing Wage
Financial Services Representative positions fall under SOC 43-4141.00 (New Accounts Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Member Service Representative Prevailing Wage
Member Service Representative Prevailing Wage
When a U.S. employer sponsors a Member Service Representative for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4141.00 (New Accounts Clerks). Wage level reflects the role's experience and responsibility, not the title itself.
New Accounts Representative Prevailing Wage
New Accounts Representative Prevailing Wage
New Accounts Representative is an O*NET-reported job title within SOC 43-4141.00 (New Accounts Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Personal Banker Prevailing Wage
Personal Banker Prevailing Wage
Personal Banker positions fall under SOC 43-4141.00 (New Accounts Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Relationship Banker Prevailing Wage
Relationship Banker Prevailing Wage
When a U.S. employer sponsors a Relationship Banker for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4141.00 (New Accounts Clerks). Wage level reflects the role's experience and responsibility, not the title itself.
Universal Banker Prevailing Wage
Universal Banker Prevailing Wage
Universal Banker is an O*NET-reported job title within SOC 43-4141.00 (New Accounts Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Frequently Asked Questions
How does DOL set the prevailing wage for New Accounts Clerks?
DOL calculates prevailing wages using Occupational Employment and Wage Statistics survey data collected by the Bureau of Labor Statistics. For New Accounts Clerks (SOC 43-4141), wages are compiled across metro areas and divided into four levels based on experience and job complexity. Employers sponsoring a work visa must file a Labor Condition Application through OFLC certifying they will pay at least the applicable prevailing wage for the worksite location.
What do the four wage levels mean and how do I know which one applies to my offer?
DOL assigns levels based on experience, supervision, and job complexity. Level 1 covers entry-level tasks under close oversight. Level 2 applies to clerks with moderate experience handling standard account procedures independently. Level 3 covers experienced staff who resolve complex situations without supervision. Level 4 applies to senior or lead roles requiring comprehensive expertise. Review the actual job duties in your offer letter and compare them against these definitions to identify your correct level.
Why does the prevailing wage for the same New Accounts Clerks role differ so much between cities?
DOL uses regional Occupational Employment and Wage Statistics surveys, so prevailing wages reflect actual pay in each local labor market. A Financial Services Representative role in San Francisco sits in a market with higher living costs and denser competition among financial institutions, pushing wages up. The same title in a smaller metro like Huntington, Kentucky reflects a lower local wage baseline. Crucially, the worksite address listed on the LCA determines which metro's floor applies, not the employer's main office location.
What happens if my job offer is below the prevailing wage for a sponsored position?
If the offered wage falls below the DOL prevailing wage floor for the worksite and experience level, OFLC will not certify the Labor Condition Application, and the sponsoring visa petition cannot proceed. For H-1B and PERM-based green card cases, USCIS also reviews wage compliance independently. The employer must either raise the offered salary to meet the floor or reclassify the position at the appropriate wage level before filing.
How do I find and verify the prevailing wage for a New Accounts Clerks position in a specific U.S. city?
Use the OFLC Wage Search tool, which lets you look up the current prevailing wage for SOC code 43-4141 by state and metro area. You can also review historical LCA disclosure data that OFLC publishes to see what wages employers have actually filed for similar titles in a given market. Migrate Mate's job board shows which employers have sponsored New Accounts Clerks and related financial services roles, giving you a practical starting point for targeting employers already active in sponsorship.
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