Bank Teller Salary


Bank Teller Salary
Bank Teller Salary

Introduction:

The average Bank Teller Salary in the United States is $63,346 as of September 26, 2022. The range for our most popular Bank Teller positions (listed below) typically falls between $26,972 and $99,721. 

Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession. 

Bank Teller Salary image
(Image Source: istockphoto.com)

Bank Teller Demographics:

Bank Teller Demographics
Bank Teller Demographics (Image Source: mint.intuit.com)

Bank Teller Salary Potential:

Estimated Salary in 2027:

$36,926 (USD)

5 Year Change:

 11 %

Bank Teller Salary Potential (Image Source: salaryexpert.com)

How much does a Bank Teller make in USA?

$30,225

/ Annual

Based on 5358 salaries

The average bank teller salary in the USA is $30,225 per year or $15.50 per hour. Entry-level positions start at $25,350 per year Bank Teller Salary while most experienced workers make up to $37,454 per year.

Bank Teller Salary
Bank Teller Salary (Image Source: Talent.com)

Bank Teller Salary Income:

According to the Bureau of Labor Statistics, the average salary for a bank teller in 2014 was $26,650, while the average hourly wage was $12.81. Listed below are additional teller salary statistics for all 50 states.

Employment estimate and mean wage estimates for this occupation:

EmploymentEmployment RSEMean hourly wageMean annual wageWage RSE
520,5000.6 %$12.81$26,6500.2 %

Percentile wage estimates for this occupation:

Percentile10%25%50% (Median)75%90%
Hourly Wage$9.65$10.64$12.38$14.47$17.28
Annual Wage$20,070$22,140$25,760$30,090$35,950

Bank Teller Salary Annual Base:

Job TitleSalaryHourly RateLocationDate Updated
Teller III$36,501$17.55United StatesSeptember 26, 2022
Teller I$28,657$13.78United StatesSeptember 26, 2022
Teller II$31,744$15.26United StatesSeptember 26, 2022
Head Teller$39,482$18.98United StatesSeptember 26, 2022
Teller Manager$48,595$23.36United StatesSeptember 26, 2022
Vault Teller$34,492$16.58United StatesSeptember 26, 2022
Account Services Representative$34,384$16.53United StatesSeptember 26, 2022
Account Services Representative, Sr.$39,008$18.75United StatesSeptember 26, 2022
Branch Manager I$62,455$30.03United StatesSeptember 26, 2022
Funding Manager I$82,709$39.76United StatesSeptember 26, 2022
Bank Teller Salary Annual Base

Bank Teller Salary by Experience Level:

Bank Teller Salary by Experience Level
Bank Teller Salary by Experience Level (Image Source: jobted.com)

An Entry Level Bank Teller with less than three years of experience can expect to earn an average starting salary of $19,000 per year. 

A mid-career Bank Teller Salary with 4-9 years of experience earns an average salary of $25,000, while an experienced Bank Teller Salary with 10-20 years of experience makes on average $31,000. 

Bank Tellers with more than 20 years of experience earn $38,000 per year on average.

Bank Teller Salaries Per Region:

Bank Teller Salary By Company:

Texas Capital Bank, US South Region

69 income tax records

$109,000/yr

Pinnacle Bank, US South Region

144 income tax records

$80,000/yr

Merrill Lynch, US South Region

68 income tax records

$76,500/yr

Citigroup, US South Region

257 income tax records

$76,000/yr

Insperity, US South Region

62 income tax records

$69,000/yr

Comerica, US South Region

99 income tax records

$64,500/yr

United Services Automobile Association, US South Region

166 income tax records

$63,000/yr

Bank Of America, US South Region

1,976 income tax records

$62,500/yr

Zions Bancorporation, US South Region

117 income tax records

$61,500/yr

Bank Teller Salary By State:

StateEmploymentEmployment per thousand jobsLocation quotientHourly mean wageAnnual mean wage
Alaska1,2803.921.03$14.77$30,720
District of Columbia8101.200.32$14.62$30,410
Connecticut5,6003.400.89$14.59$30,340
Massachusetts10,9503.300.87$14.34$29,820
Washington10,3803.580.94$14.07$29,270

Bank Teller Recent Salary Records: 

  • Bank Teller reported making $27,000 per year

6 months ago · $27,000

  • Bank Teller reported making $22,000 per year in Bloomington

a year ago · $22,000· Bloomington, IL

  • Bank Teller reported making $20,000 per year

a year ago · $20,000

  • Bank Teller reported making $23,130 per year

a year ago · $23,130

  • Bank Teller reported making $28,000 per year in Washington

a year ago · $28,000· Washington, DC

  • Bank Teller reported making $22,000 per year in Los Angeles

a year ago · $22,000· Los Angeles, CA

  • Bank Teller reported making $32,000 per year in Charlotte

a year ago · $32,000· Charlotte, NC

  • Bank Teller reported making $28,000 per year

a year ago · $28,000

  • Bank Teller reported making $32,000 per year in New York City

a year ago · $32,000· New York City, NY

  • Bank Teller reported making $26,500 per year in Houston

a year ago · $26,500· Houston, TX

Bank Teller Related Salaries:

FAQs About Bank Teller Salary:

How much does a Bank Teller make in the US?

Bank tellers make $32,043 per year on average, or $15.41 per hour, in the United States. Bank tellers on the lower end of that spectrum, Bank Teller Salary the bottom 10% to be exact, make roughly $26,000 a year, while the top 10% makes $38,000.

Which bank pays the most as a teller?

Top companies for Tellers in the United States

  • Umpqua Bank. 3.4 $21.23per hour. 329 reviews60 salaries reported.
  • M&T Bank. 3.5 $19.31per hour. 2,349 reviews123 salaries reported.
  • JPMorgan Chase & Co. 3.9 $19.23per hour. 
  • First Citizens Bank. 3.4 $19.17per hour.
  • Rhinebeck Bank. 3.1 $18.63per hour.

What is the monthly income of a Bank Teller?

The average salary for a teller is ₱12,226 per month in the Philippines.

Can you make good money as a Bank Teller?

The salaries of Bank Tellers in the US range from $10,002 to $135,999, with a median salary of $25,147. The middle 57% of Bank Teller Salary make between $25,147 and $62,067, with the top 86% making $135,999.

Is being a bank teller easy?

Although being a teller does not pay well, it does open the door to new job opportunities. Finally, being a bank teller means having a relatively Bank Teller Salary stress-free job that has a great work-life balance and benefits.

How do I apply to be a Bank Teller?

  • High school diploma or equivalent.
  • Bachelor’s degree in a relevant field may be preferred.
  • Cash handling experience and on-the-job training may be required.
  • Ability to pass a Bank Teller Salary background check.
  • Exceptional time management, communication, and customer service skills.

What is expected of a Bank Teller?

Provides account services to customers by receiving deposits and loan payments, cashing checks, issuing savings withdrawals, and recording night and mail deposits. Bank Teller Salary Sells cashier’s checks, traveler’s checks, and series e bonds.

How much do bank tellers make in Canada?

The average teller’s salary in Canada is $31,200 per year or $16 per hour. Entry-level positions start at $27,788 per year, while most Bank Teller Salary experienced workers make up to $40,192 per year.

Can a bank teller move up?

Experienced tellers can advance within their bank. They can become head tellers or move to other supervisory positions. Some tellers can advance to other occupations, such as loan officers. They can also move to sales positions.

Do bank tellers have to be good at math?

Bank tellers need strong math skills to count and handle large amounts of money. When a customer wants to withdraw money, tellers must Bank Teller Salary to determine whether the client’s account balance meets the requirement for the transaction.

Is a degree needed for a bank teller?

Bank teller: you need a high school diploma or its equivalent. However, to increase your chances of getting hired, you can get a college or university education, or a Bank Teller Salary certification from an accredited institution.

Are bank teller jobs hard to get?

Luckily, teller positions aren’t usually hard to find. There are banks everywhere, so you can usually find an open spot within a decent driving distance from home.

What skills does a bank teller need?

  • Skilled at receiving and processing banking transactions.
  • Strong mathematical skills.
  • Attention to detail.
  • Knowledge of proper cash handling procedures.
  • Ledger balancing.
  • Balance allocation.
  • Cash drawer maintenance.
  • Loan processing.

Which companies offer the highest salaries for bank tellers in US South Region?

The following companies offer the highest salaries for bank tellers in US South Region: Texas Capital Bank ($109,000 a year), Pinnacle Bank ($80,000 a year), and Merrill Lynch ($76,500 a year).

What are bank tellers called?

Bank Tellers, also known as Personal Banking Representatives or Customer Service Officers depending on the bank, are considered the ‘face’ of the bank, as they are generally the first employees customers interact with.

What questions do they ask at a Bank Teller interview?

Why do you want to be a bank teller? 

Are you comfortable working with large amounts of money? 

Name one ethical dilemma you faced in your last job

Why did you choose our bank?

Have you ever worked at a bank before?

What banking products do you personally use and why?

Is bank teller a professional job?

Bank Tellers are professionals who work in banks to provide excellent service to bank customers. Bank Tellers perform a number of duties, including handing routine tasks like accepting deposits, processing payments and disbursing withdrawals to customers.

What do bank tellers wear to work?

Bank tellers generally wear professional, or corporate casual clothing with a name tag. However, requirements and regulations vary from bank to bank. Some bank employers dictate a bank uniform for tellers, or specify clothing colors and styles, such as white button-down shirts and black slacks.

How much tax will you have to pay as a Bank Teller?

For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 12%. After a federal tax rate of 12% has been taken out, Bank Tellers could expect to have a take-home pay of $24,077/year, with each paycheck equaling approximately $1,003.

Conclusion:

According to the Bureau of Labor Statistics, Bank Teller Salary held about 520,500 jobs in 2014. About 91 percent worked in the depository credit intermediation industry, which includes commercial bank branches.

Employment of tellers is projected to decline by 8 percent from 2014 to 2024. This is mostly due to the emergence of online banking systems, mergers, and technological changes.


Sai Sandhya

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