Retail Banker Salary

A Retail Banker earns an average wage of $12.45 per hour. Most people with this job move on to other positions after 20 years in this career. A skill in Consumer Loans is associated with high pay for this job.

$23,878 - $50,745
(Median)
$24K
$34K
$51K
MEDIAN: $34,441
10%
50%
90%

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$9.85 - $16.63
(Median)
$9
$12
$17
MEDIAN: $12.00
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$17K$34K$51K
Salary
$23,878 - $50,745  
   
Bonus
$0.00 - $5,817  
Commission
$4,069 - $10,477  
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).
)
$21,260 - $42,276  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 38
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$10$20$30
Hourly Rate
$9.85 - $16.63  
   
Overtime
$13.21 - $28.59  
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$20K$40K$60K
Bonus
$0.00 - $5,817  
   
Commission
$4,069 - $10,477  
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).
)
$21,260 - $42,276  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 120

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Job Description for Retail Banker

Retail bankers normally work one on one with customers to handle transactions such as check cashing, withdrawals, loan repayments, cash advances, and money transfers. They are also generally responsible for meeting sales goals. Retail bankers may work with customers in a face-to-face role at a physical bank location, or they may work in a call center environment. A successful retail banker has strong customer service skills, as well as a good understanding of basic math, basic computer skills, and some experience in sales. To excel in this role, a retail banker must understand all aspects of their business, from mortgage lending to brokerage investments in order to accurately assess the client's needs.

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Retail Banker Tasks

  • Open and perform account maintenance on certificate of deposit, consumer and business accounts.
  • Perform opening, closing, and other branch servicing duties such as cash and vault balancing.
  • Assists with courtesy and collection calls as needed and seeks assistance from more knowledgeable branch staff when necessary.
  • Process a variety of customer transactions accurately and efficiently in adherence to bank policies and regulations.
  • Address customer questions and concerns by phone and in person.

Retail Banker Job Listings

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Popular Employer Salaries for Retail Banker

Pay by Experience Level for Retail Banker

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

Related Job Salaries

United States (change)

Experience Affects Retail Banker Salaries

Late-Career
up arrow 62%

Experienced
up arrow 22%

Mid-Career
up arrow 14%

National Average
$28,000

Entry-Level
up arrow 6%

Skills That Affect Retail Banker Salaries

Consumer Loans
up arrow 27%

Sales
up arrow 6%

Banking
up arrow 5%

Customer Service
up arrow 3%

National Average
$28,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
15%
1-4 years
54%
5-9 years
16%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 81%
vision benefits Vision: 71% employee benefits None: 9%