Where is IDFE Bank located?

IDFE Bank is headquartered in Providence, Rhode Island, but may have operations in other locations within the Financial Services sector.

What does IDFE Bank do?

According to the company's overview, IDFE Bank is a company that operates in the Financial Services industry.

What industry is IDFE Bank in?

IDFE Bank operates in the Financial Services industry.

IDFE Bank Average Salary, Pay Ranges & Benefits

IDFE Bank Salary

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Salary at IDFE Bank

Current Job Openings at IDFE Bank

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Is IDFE Bank’s Pay Competitive? Salary Benchmarking Analysis

How does IDFE Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
C/O Berkshire Bank	$100,660	-0.1%	Confirms C/O Berkshire Bank is a direct competitor vying for the exact same talent pool.
TD Bank Locations	$101,778	+1.0%	Aligns perfectly with prevailing regional benchmarks for this specific job family.
Yukon National Bank	$87,253	-13.4%	Yukon National Bank focuses strategically on recruiting and training entry-level apprentices.
BCP Miami Agency	$93,919	-6.8%	Reflects market rates for standard general contracting, differing from specialized roles.
Financial Services Industry	$121,514	+20.6%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How IDFE Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at IDFE Bank. Click a company name to learn more.

C/O Berkshire Bank

$100,660 / year

Salary Range: $88,245 - $114,184

Providence, RI

TD Bank Locations

$101,778 / year

Salary Range: $89,225 - $115,440

Pawtucket, RI

Yukon National Bank

$87,253 / year

Salary Range: $76,488 - $98,978

Yukon, OK

BCP Miami Agency

$93,919 / year

Salary Range: $82,334 - $106,526

Coral Gables, FL

Affinity Financial Corp

$114,731 / year

Salary Range: $100,579 - $130,133

New York City, NY

Cascade Bank

$101,060 / year

Salary Range: $88,593 - $114,635

Everett, WA

Com Us Joseph a Bank Mfg Co Inc

$107,315 / year

Salary Range: $94,073 - $121,720

Washington, DC

North Miami Banks - City National Bank of Florida

$93,002 / year

Salary Range: $81,528 - $105,477

North Miami, FL

Banco Do Brasil New York Branch 0121

$101,377 / year

Salary Range: $88,868 - $114,989

New York City, NY

Employee Reviews: Working at IDFE Bank

Considering a career at IDFE Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

The company provides job security but can appeal to those seeking rapid change or growth. Theemployee operation has weathered market cycles while continuously innovating. Management tends to be hierarchical, which limits employee autonomy. Excellent internal mobility and training. Great mentoring, excellent work culture, and a shared commitment to excellence make this company stand out.

Commented in April 10, 2025

36

0

There’s strong mentorship and regular check-ins. Promotions happen infrequently. Career progression is possible.

Commented in January 27, 2025

39

1

Diversity initiatives create genuine inclusion. Job roles are clearly defined, which helps avoid confusion. I'm proud to be part of such a professional team. It’s a place where I feel genuinely motivated every day. Mentors provide guidance beyond the formal program. Leadership tends to follow traditional approaches, decision-making. Digital workflows have eliminated most paper processes.

Commented in July 01, 2024

38

0

Working here offers a great balance of challenge and support. Fitness challenges build camaraderie. Compensation is standard, with modest perks.

Commented in February 04, 2024

14

1

What Benefits Does IDFE Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. IDFE Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

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What Is the Cost of Living Near Providence?

Understanding the cost of living near Providence is key to truly evaluating a salary offer or your current compensation at IDFE Bank.

Providence's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.2% more than RI average). State capital, arts/culture (RISD, Brown), housing above US avg. RIPTA bus, Commuter Rail. When planning your budget based on a salary from IDFE Bank, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,500 - $2,200+	A significant portion of IDFE Bank salary. Location choices impact this heavily.
Utilities (Basic)	$170 - $280	Electricity, Heating, Cooling, Water etc.
Public Transportation	$70 (RIPTA monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$440 - $650	Can be higher with more dining out or specialty stores.
Personal & Leisure	$400 - $750+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$400 - $750+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,980 - $4,630+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of IDFE Bank

1. How much does IDFE Bank in the United States pay?

IDFE Bank pays its employees an average of $100,765 per year. The average salary at IDFE Bank range from $88,336 to $114,293 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do IDFE Bank employees get a higher salary than its peer company?

The salary at IDFE Bank is higher than its peer company. The average annual salary at IDFE Bank is $100,765, or an hourly wage of $48, in comparison to C/O Berkshire Bank which pays $100,660 per year or $48 per hour.

3. How much does salary increase with years of experience at IDFE Bank?

Salary progression with years of experience at IDFE Bank is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at IDFE Bank vary by office location?

Yes, it's very likely that salaries at IDFE Bank vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Providence section provides more context.

5. Does IDFE Bank offer good benefits?

IDFE Bank typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at IDFE Bank" section on this page.