Bank Teller Salary

Bank Tellers in the United States take home approximately $10.65 per hour on average. With some bonuses approaching $1K and certain profit sharing proceeds approaching $3K, overall incomes of Bank Tellers spread between $18K and $30K depending on individual performance. Earnings for this group are mostly affected by the company, followed by career length and geographic location. For the most part, Bank Tellers enjoy their work and report high levels of job satisfaction. Not all workers are lucky enough to have benefits; in fact, over a third are without coverage. Medical insurance is claimed by a majority and dental insurance is reported by approximately half. Female Bank Tellers make up most of the survey respondents at 78 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$18,439 - $35,536
(Median)
$18K
$25K
$36K
MEDIAN: $24,801
10%
50%
90%

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$8.46 - $13.55
(Median)
$8
$11
$14
MEDIAN: $10
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12K$24K$36K
Salary
$18,439 - $35,536  
   
Bonus
$0.00 - $1,022  
Profit Sharing
$165.70 - $3,041  
Commission
$102.71 - $1,468  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$17,837 - $29,570  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 770
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$7$14$21
Hourly Rate
$8.46 - $13.55  
   
Hourly Tips
$0.00 - $7.57  
Overtime
$10.04 - $20.21  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14K$28K$42K
Bonus
$0.00 - $1,022  
   
Commission
$102.71 - $1,468  
Profit Sharing
$165.70 - $3,041  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$17,837 - $29,570  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 6,366
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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.

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Bank Teller Tasks

  • Ensure security of all transactions and of cash supply.
  • Provide customers with information regarding personal and business accounts, as well products offered by the bank.
  • Conduct financial transactions for customers, such as deposits and withdrawals.

Common Career Paths for Bank Teller


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It's not very common for Bank Tellers to move on to become Registered Nurses. Average pay for a Registered Nurse is $55K annually. It is quite typical for Bank Tellers to transition into roles as Personal Bankers or Assistant Branch Managers of Banking, where reported median earnings are $12K and $16K higher per year.

Bank Teller Job Listings

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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., J.P. Morgan Chase & Co. (JPMCC), and U.S. Bank, firms that are at the top of the field. Citibank offers the largest salaries in town ($27K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $19K to $34K. Other big spenders include Bank of America Corp. (BOFA), TD Bank, N.A., and BB&T Corp., top-paying firms where Bank Tellers see paychecks nearing $25K, $25K, or $24K.

Not only do salaries lack room to grow — pay ranges from $16K to just $27K — but First National Bank offers the lowest pay in town to boot, with a median paycheck of $20K. Workers also receive paychecks lighter than average at The PNC Financial Services Group, Inc. ($21K), Fifth Third Bancorp ($21K), and U.S. Bank ($22K).

Popular Skills for Bank Teller


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Spanish Language, Sales, Banking, and Cash Handling are correlated to pay that is above average, with boosts between 4 percent and 8 percent. For most people, competency in Cash Handling indicates knowledge of Banking.

Pay by Experience Level for Bank Teller

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Bank Tellers with a lot of experience do not necessarily enjoy more money. Those in the early stages of their career can expect to make around $22K; however, individuals with five to 10 years of experience bring in $25K on average — a distinctly larger sum. Bank Tellers see a median salary of $26K after reaching one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $27K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


Bank Tellers will find that San Diego offers an impressive pay rate, one which exceeds the national average by 15 percent. Bank Tellers can also look forward to large paychecks in cities like New York (+13 percent), Atlanta (+11 percent), Los Angeles (+10 percent), and Miami (+7 percent). Those in the field find the lowest salaries in Oklahoma City, 7 percent below the national average. A couple other locations with smaller-than-average paychecks include San Antonio (7 percent lower) and Indianapolis (5 percent lower).

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Experience Affects Bank Teller Salaries




National Average
$23,000


Skills That Affect Bank Teller Salaries


Banking
up arrow 4%

Sales
up arrow 4%

Cash Handling
up arrow 2%

Customer Relations
up arrow 2%

Accounting
up arrow 2%

Customer Service
up arrow 1%

Data Entry
up arrow 1%

Typing
up arrow 1%

Microsoft Office
up arrow 1%

Oral / Verbal Communication
up arrow 1%

Mathematica
up arrow 1%

Computer Service
0%

Retail
0%

Microsoft Excel
0%

National Average
$23,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 855 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
27%
1-4 years
49%
5-9 years
14%
10-19 years
8%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 60% dental benefits Dental: 48%
vision benefits Vision: 38% employee benefits None: 37%
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