Do Personal Bankers get commission for opening up accounts?

Question

Do Personal Bankers get commission for opening up accounts?

Answer 1

Generally not.  Most Personal Bankers are on salary.  However, most banks have very good incentive programs that can be very lucrative for the right person.   There are some banks that have Personal Bankers who have licenses and depending upon how their positions are structured may receive commission or partial commission on the selling of certain product.