Bank Teller Salary

Bank Tellers in the United States pull down an average of $10.67 per hour. Overall cash earnings for Bank Tellers stretch from $18K on the lower end to $30K near the top, and the heftiest packages can encompass around $1K from bonuses and $3K from profit sharing. The particular firm is the main element affecting pay for this group — tenure and location are driving factors as well. Some workers in this field — over a third — are not awarded benefits. Medical coverage is reported by the larger part and dental plans are enjoyed by one-half. Female Bank Tellers make up most of the survey respondents at 78 percent. Most workers in this position report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$18,429 - $35,585
(Median)
$18K
$25K
$36K
MEDIAN: $24,816
10%
50%
90%

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$8.49 - $13.58
(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
$18,429 - $35,585  
   
Bonus
$0.00 - $1,021  
Profit Sharing
$164.42 - $3,064  
Commission
$100.22 - $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).
)
$17,888 - $29,631  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 766
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
$8.49 - $13.58  
   
Hourly Tips
$0.00 - $7.57  
Overtime
$10.00 - $20.38  
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 - $1,021  
   
Commission
$100.22 - $1,468  
Profit Sharing
$164.42 - $3,064  
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).
)
$17,888 - $29,631  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 6,311
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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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There are some Bank Tellers — though it's uncommon — that transition into Registered Nurses, where earnings are an average $55K annually. Bank Tellers moving up in their careers tend to step into positions as Personal Bankers or Assistant Branch Managers of Banking. The median paychecks in those roles are $12K higher and $16K higher, respectively.

Bank Teller Job Listings

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Popular Employer Salaries for Bank Teller


Wells Fargo Bank, Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc., J.P. Morgan Chase & Co. (JPMCC), and U.S. Bank are top-notch employers for Bank Tellers in this area. For Bank Tellers, comfortable salaries can be found at Citibank; in fact, average earnings are around $27K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($19K versus $34K) is great. 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.

First National Bank offers the lowest pay in the field with a median salary of just $20K. There's also little variation in pay at the company, with pay ranging from $16K to $27K. Employees at The PNC Financial Services Group, Inc., Fifth Third Bancorp, and U.S. Bank can also expect below-average earnings of $21K, $21K, and $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. Most people skilled in Cash Handling are similarly competent in Banking.

Pay by Experience Level for Bank Teller

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


For Bank Tellers, experience does not seem to be a major factor in determining pay. Salaries of relatively inexperienced workers fall in the neighborhood of $22K, but folks who have racked up five to 10 years see a notably higher median of $25K. The average pay reported by folks with 10 to 20 years of experience is around $26K. As Bank Tellers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $28K.

Pay Difference by Location


San Diego is home to an above-average pay rate for Bank Tellers, 14 percent higher than the national average. Bank Tellers can also look forward to large paychecks in cities like New York (+13 percent), Atlanta (+11 percent), Los Angeles (+10 percent), and Dallas (+7 percent). The smallest paychecks in the market, 7 percent south of the national average, can be found in Oklahoma City. Employers in San Antonio and Cincinnati also lean toward paying below-median salaries (6 percent less).

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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 848 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: 49%
vision benefits Vision: 38% employee benefits None: 37%
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