Bank Teller Salary

Bank Tellers in the United States take home approximately $11.54 per hour on average. Cash earnings of Bank Tellers — including $2K in bonuses, $3K in profit sharing proceeds, and $1K in commissions near the top of the pay scale — stretch from approximately $19K to approximately $31K depending on individual performance. The most important factor affecting compensation for this group is the particular firm, followed by geography and tenure. Job satisfaction is high and work is enjoyable for most Bank Tellers. Women make up the vast majority of Bank Tellers (80 percent) who answered the questionnaire. Unfortunately, some people in this line of work are without benefits — nearly one in three lack coverage. On the flip side, a majority have medical insurance and a little over a half receive dental plans. This snapshot results from replies to PayScale's salary survey.
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$18,918 - $40,842
$19K
$26K
$41K
MEDIAN: $26,076
10%
50%
90%

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$9.25 - $14.50
$9
$12
$14
MEDIAN: $11.54
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14K$28K$42K
Salary
$18,918 - $40,842  
   
Bonus
$125.00 - $2,048  
Profit Sharing
$203.47 - $3,052  
Commission
$51.35 - $1,460  
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).
)
$19,309 - $31,298  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 420
© PayScale, Inc. @ www.payscale.com
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$8$16$24
Hourly Rate
$9.25 - $14.50  
   
Hourly Tips
$0.03 - $1.62  
Overtime
$12.17 - $21.33  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16K$32K$48K
Bonus
$125.00 - $2,048  
   
Commission
$51.35 - $1,460  
Profit Sharing
$203.47 - $3,052  
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).
)
$19,309 - $31,298  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 3,150
© PayScale, Inc. @ www.payscale.com

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United States (change)

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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

  • 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


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While Bank Tellers do not often become Registered Nurses, the job pays $56K per year on average. When Bank Tellers are ready for the next step in their careers, they often become Personal Bankers or Assistant Branch Managers of Banking. Those roles pay an additional $10K and $15K, respectively.

Bank Teller Job Listings

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Popular Employer Salaries for Bank Teller


Bank Tellers flock to Wells Fargo Bank, Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc., Chase Bank, and Regions Bank, highly regarded companies that employ a generous number of people in this profession. Although TD Bank, N.A. offers the highest salaries (median pay is $28K), survey participants reported a rather limited pay range of $24K to $35K. Soaring salaries can also be found at Bank of America Corp. (BOFA), SunTrust Banks Inc., and Union Bank, where earnings of $28K, $25K, or $25K are standard for Bank Tellers.

Bank Tellers will find the worst pay at IBC Bank, where the median salary crawls in at $17K. Furthermore, compensation is curbed at $25K, leaving little room for growth. The PNC Financial Services Group, Inc., Fifth Third Bancorp, and Federal Credit Union also rank near the bottom for pay, handing out $21K, $21K, and $22K-paychecks on average.

Popular Skills for Bank Teller


Bank Tellers seem to require a rather large skill set. Most notably, skills in Spanish Language, Sales, Banking, and Accounting are correlated to pay that is above average. Those proficient in Cash Handling are, more often than not, also skilled in 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 beginner in this position makes around $24K, but folks who have been around for five to 10 years see a markedly higher median salary of $26K. After working for 10 to 20 years, Bank Tellers make a median salary of $28K. Bank Tellers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $29K.

Pay Difference by Location

National Average: $24,406

Larger city markers indicate a job is popular in that location.

Professionals in New York, Los Angeles, and Chicago — the three largest American cities — enjoy a comfortable lifestyle with compensation above the national average. The lowest-paying market is Oklahoma City, which sits 10 percent below the national average. A couple other locations with smaller-than-average paychecks include Tulsa (7 percent lower) and Memphis (4 percent lower).

Bank Teller Reviews

Q: What is it like working as a Bank Teller?

Bank Teller in Washington:
`"$Good stuff."`
Pros: The people. Quite simply put, I appreciate being a part of an organization that makes a difference in the community.
Cons: I've yet to find something that would make a substantial difference.

Bank Teller in Memphis:
`"$Diversity."`
Pros: Because of where my office is located ,I am in contact with a diverse culture of people who I enjoy interacting and working with.
Cons: In my office there is not much room to grow and I'm becoming board with my status. I am looking for positions which afford me opportunities to grow.

Bank Teller in Tupelo:
`"$Easy enough, but every once in a while..."`
Pros: I like working with most of the customers that come in. I have made friends with more than one.
Cons: Some customers are absolutely awful. Yelling at anyone when they overdraw their own account like we're supposed to check it every day to make sure it doesn't happen. Like it's our fault they can't handle their own money.

Bank Teller in Milwaukee:
`"$Enjoyable position, Stressful environment."`
Pros: I like working with people, both co-workers and customers. And, I like the banking industry in general.
Cons: The constant regulation changes.

Related Job Salaries

Key Stats for Bank Teller

Gender

Female
80 %
Male
20 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 313 votes.
Less than 1 year
24%
1-4 years
49%
5-9 years
14%
10-19 years
9%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Teller Salaries

▲18%

▲14%

▲7%

National Average
$24,000

▼3%

Skills That Affect Bank Teller Salaries


▲2%

▲2%

▲2%




Cash Handling
▼0%

Typing
▼0%

Computer Service
▼0%

National Average
$24,000

▼1%

▼1%


▼1%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 313 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
24%
1-4 years
49%
5-9 years
14%
10-19 years
9%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 54%
vision benefits
Vision: 45%
dental benefits
None: 32%
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