Bank Teller Salary
Job Description for Bank Teller
Bank tellers hold one of the most visible positions at any bank or credit union. Whether it’s withdrawing funds or depositing them, at some point, each bank customer interacts with a teller; that means customer service skills are paramount in keeping the customers happy. The position also requires absolute accuracy, as being off on your “drawer” is not allowed.Read More...
The average day for a bank teller requires a wide variety of skills. The bank teller must have the ability to perform basic arithmetic; counting money can be a tedious task, but it is one of the most important in a bank. Besides customer service and math skills, a bank teller must be proficient with computers and inputting data; most banking-related tasks require constant and consistent record keeping. A bank teller will usually work alongside other bank tellers and staff, reporting the bank’s management staff. The primary focus of the bank teller is working the customer, so interactions with customers comprise most of the teller's day. Tellers are needed from the time the bank opens in the morning until close in the evening; some banks have tellers work long shifts, but most have shorter shifts to break up the work load among various tellers.
Bank tellers hold an entry-level position in the financial industry. Educational requirements usually include a high school diploma or GED, and the banks provide training and certifications based on company policies and regulations regarding tellers.
Bank Teller Tasks
- Conduct financial transactions for customers, such as deposits and withdrawals.
- Provide customers with information regarding personal and business accounts, as well products offered by the bank.
- Ensure security of all transactions and of cash supply.
Common Career Paths for Bank Teller
Bank Tellers who advance into the role of a Registered Nurse are fairly uncommon. Registered Nurses on average earn $56K per year. Career advancement for the typical Bank Teller often leads to becoming a Personal Banker or an Assistant Branch Manager of Banking; median salaries in these positions are $10K higher and $15K higher, respectively.
Bank Teller Job Listings
Search for more jobs:
Popular Employer Salaries for Bank Teller
Many Bank Tellers can be found at Wells Fargo Bank, Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc., Chase Bank, and Regions Bank, firms that are at the top of the field. Employees at TD Bank, N.A. enjoy the biggest paychecks, and $28K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $24K and higher ones not far away at only $35K. Also paying near the top of the field are Capital One Financial Corp at $27K, Bank of America Corp. (BOFA) at $27K, and SunTrust Banks Inc., where Bank Tellers annually earn $25K.
The lowest salaries can be found at IBC Bank — median pay is $17K — and there is little variation in compensation, with paychecks starting at $16K and only reaching $25K. Also sliding in at the lower end of the scale are The PNC Financial Services Group, Inc. ($21K), Fifth Third Bancorp ($21K), and Federal Credit Union ($22K).
Popular Skills for Bank Teller
Bank Tellers seem to exploit a large range of skills on the job. Most notably, skills in Spanish Language, Sales, Banking, and Accounting are correlated to pay that is above average. Those familiar with Cash Handling also tend to know Banking.
Pay by Experience Level for Bank Teller
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Bank Tellers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average worker who claims fewer than five years of experience earns around $24K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $26K. Bank Tellers bring in $28K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.
Pay Difference by Location
New York offers some of the highest pay in the country for Bank Tellers, 14 percent above the national average. Bank Tellers will also find cushy salaries in Los Angeles (+9 percent), Boston (+7 percent), Orlando (+6 percent), and Houston (+5 percent). Oklahoma City ranks last in the field for pay, reporting salaries 8 percent below the national average.
Bank Teller Reviews
Related Job Salaries
Key Stats for Bank Teller
Rated 4 out of 5
based on 320 votes.