Teller Salary

Tellers in the United States pull down an average of $11.17 per hour. With bonuses occasionally running north of $1K, profit sharing proceeds sometimes surpassing $3K, and a few commissions as high as $2K, total income for Tellers can range between $19K and $30K according to individual performance. The particular firm is the biggest factor affecting pay for this group, followed by years of experience and location. Health benefits are not enjoyed by everyone in this line of work, and close to a third lack any coverage at all. Medical benefits are reported by the larger part and dental coverage is claimed by a majority. Most Tellers survey respondents are women (76 percent). Work is enjoyable for Tellers, who typically claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$18,262 - $36,328
(Median)
$18K
$25K
$36K
MEDIAN: $25,319
10%
50%
90%

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$9.13 - $13.79
(Median)
$9
$11
$14
MEDIAN: $11.00
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$13K$26K$39K
Salary
$18,262 - $36,328  
   
Bonus
$0.00 - $1,191  
Profit Sharing
$200.67 - $2,576  
Commission
$102.79 - $2,397  
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).
)
$19,058 - $29,893  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 564
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$7$14$21
Hourly Rate
$9.13 - $13.79  
   
Hourly Tips
$0.68  
Overtime
$12.08 - $20.56  
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$14K$28K$42K
Bonus
$0.00 - $1,191  
   
Commission
$102.79 - $2,397  
Profit Sharing
$200.67 - $2,576  
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).
)
$19,058 - $29,893  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 5,132
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Job Description for Teller

A teller interacts with bank customers in tasks such as processing account transactions, making individualized banking recommendations, issuing money orders, and maintaining precise monetary balances. Tellers' responsibilities vary based on the bank's size and policies. These positions require a high level of customer interaction, as they serve as the most frequent interpersonal connection with customers. Tellers may also interact with customers by telephone.

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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 Teller


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Tellers who go on to become Banking Branch Managers may see their salaries climb quite a bit. Median pay for Banking Branch Managers is $51K annually. As Tellers progress in their field, many go on to become Bank Tellers. In fact, this transition is more common than anything else, and median pay for the role is $22K. Another common career choice for Tellers is to move into a Personal Banker role — this promotion usually pays $35K.

Bank Teller Job Listings

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Popular Employer Salaries for Teller


Wells Fargo Bank, Bank of America Corp. (BOFA), Chase Bank, The PNC Financial Services Group, Inc., and J.P. Morgan Chase & Co. (JPMCC) are among the top companies that take on many Tellers. 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 $18K to $34K. Tellers will also find cushy salaries at Capital One Financial Corp (+$26K), Bank of America Corp. (BOFA) (+$26K), and BB&T Corp. (+$25K).

The lowest salaries can be found at The PNC Financial Services Group, Inc. — median pay is $21K — and there is little variation in compensation, with paychecks starting at $19K and only reaching $25K. U.S. Bank, KeyBank, and Regions Bank also scrape the bottom of the pay scale, with median earnings hovering around $22K, $22K, and $23K.

Popular Skills for Teller


Survey results imply that Tellers deploy a deep pool of skills on the job. Most notably, skills in Account Sales, Cash Flow Management, Bilingual, and Customer Relationship Management are correlated to pay that is above average, with boosts between 6 percent and 15 percent. Skills that seem to negatively impact pay include teller and Microsoft Office. For most people, competency in Cash Handling indicates knowledge of Banking.

Pay by Experience Level for Teller

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


For Tellers, experience does not seem to be a major factor in determining pay. Those who have worked for fewer than five years take home a median salary of $23K, and workers with five to 10 years of experience earn a higher $25K on average. Tellers bring in $26K after working for 10 to 20 years. Tellers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $29K.

Pay Difference by Location

National Average: $23,605

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

For Tellers, Washington provides a pay rate that is 14 percent greater than the national average. Tellers can also look forward to large paychecks in cities like New York (+10 percent), Atlanta (+9 percent), Los Angeles (+7 percent), and San Diego (+5 percent). In Oklahoma City, salaries are 7 percent below the national average and represent the lowest-paying market.

Teller Reviews

What is it like working as a Teller?

Teller in Corry:
"Fulfilling but demanding and harder than you think...a lot t."
Pros: Interaction with people, helping members and changing member lives hopefully for the good.
Cons: Working with people who don't feel the same way. Watching other co workers not care or work. Feeling like you are not appreciated and not being compensated for what I do.

Teller in Dayton:
"Typing."
Pros: Occasionally I get to help someone solve a legitimate problem. Otherwise, I like the puzzle-like nature of setting up electronic transfers, etc.
Cons: Cashing checks for angry people.

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Experience Affects Teller Salaries




National Average
$24,000


Skills That Affect Teller Salaries

Account Sales
up arrow 15%

Bilingual
up arrow 6%

Customer Relationship Management (CRM)
up arrow 6%

Cash Flow Management
up arrow 6%

Spanish Language
up arrow 3%

Accounting
up arrow 3%

Banking
up arrow 2%

Sales
up arrow 2%

Customer Relations
up arrow 1%

Customer Service
0%

Cash Handling
0%

National Average
$24,000

Microsoft Office
up arrow 10%

teller
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 692 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
16%
1-4 years
56%
5-9 years
15%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 64%
dental benefits
Dental: 56%
medical benefits
Vision: 46%
dental benefits
None: 32%
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