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Teller Salary

Tellers in the United States can expect to earn an average of $11.05 per hour. The range in cash compensation to Tellers (largely between $19K and $30K) includes potential earnings of $1K from bonuses, $4K from profit sharing, and commissions of $3K in exceptional cases. The company is the main element affecting pay for this group — career duration and geographic location are driving factors as well. Men are in the minority of survey respondents, with female Tellers making up 76 percent. Not all workers are lucky enough to have benefits; in fact, nearly one in three are without coverage. Medical insurance is claimed by a majority and dental insurance is reported by a little more than half. Job satisfaction is reported as high by the vast majority of workers. The information for this snapshot was generated by responses to the PayScale salary survey.

$18,370 - $34,797
(Median)
$18K
$25K
$35K
MEDIAN: $24,999
10%
50%
90%

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$9.01 - $13.61
(Median)
$9
$11
$14
MEDIAN: $11.00
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$12K$24K$36K
Salary
$18,370 - $34,797  
   
Bonus
$0.00 - $1,031  
Profit Sharing
$196.53 - $4,000  
Commission
$145.44 - $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).
)
$18,820 - $29,612  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 481
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
$9.01 - $13.61  
   
Hourly Tips
$0.03 - $2.89  
Overtime
$11.93 - $20.34  
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 - $1,031  
   
Commission
$145.44 - $2,576  
Profit Sharing
$196.53 - $4,000  
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).
)
$18,820 - $29,612  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 4,250
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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' salaries may rise greatly for those who assume a higher-end position such as a Banking Branch Manager. The average Banking Branch Manager brings home $51K per year. The most common career progression for Tellers leads to becoming a Bank Teller, where pay is typically $22K. However, many Tellers also opt to become Personal Bankers, a position that pays $35K on average.

Bank Teller Job Listings

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Popular Employer Salaries for Teller


Tellers fill the offices of leading firms Wells Fargo Bank, Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc., Chase Bank, and J.P. Morgan Chase & Co. (JPMCC). Tellers flock to Citibank for generous paychecks, where average earnings of $27K lead the pack in compensation; however, Citibank also provides employees with a wide spectrum of compensation ranging from $17K at one end to $34K at the other end. Capital One Financial Corp, Bank of America Corp. (BOFA), and TD Bank, N.A. also offer top salaries for Tellers. Workers at these firms can expect to earn about $25K, $25K, and $25K, respectively.

The PNC Financial Services Group, Inc. doles out the lowest salaries in town — median pay is $21K — not to mention workers can only make as much as $25K and scope of pay is rather limited. Also sliding in at the lower end of the scale are Regions Bank ($22K), U.S. Bank ($22K), and Bbva Compass ($23K).

Popular Skills for Teller


Tellers report using a wide range of professional skills. Most notably, skills in Account Sales, Bilingual, Customer Relationship Management, and Accounting are correlated to pay that is above average, with boosts between 4 percent and 18 percent. Those familiar with Cash Handling also tend to know Banking.

Pay by Experience Level for Teller

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


Experience and pay tend to be weakly linked for Tellers — those with more experience do not necessarily bring in higher earnings. Average salaries for inexperienced employees average out to around $23K, but folks who have five to 10 years of experience earn a higher median of $25K. Tellers see a median salary of $26K after reaching one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $29K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


For Tellers, Washington provides a pay rate that is 15 percent greater than the national average. Tellers will also find cushy salaries in San Jose (+14 percent), New York (+12 percent), Atlanta (+11 percent), and Los Angeles (+6 percent). Those in the field find the lowest salaries in Oklahoma City, 6 percent below the national average.

Teller Reviews

What is it like working as a Teller?

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
$23,000


Skills That Affect Teller Salaries

Account Sales
up arrow 18%

Bilingual
up arrow 7%

Accounting
up arrow 4%

Customer Relationship Management (CRM)
up arrow 4%

Spanish Language
up arrow 3%

Banking
up arrow 2%

Sales
up arrow 2%

Cash Handling
up arrow 1%

Customer Relations
up arrow 1%

Customer Service
0%

National Average
$23,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 626 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
17%
1-4 years
56%
5-9 years
16%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 63% dental benefits Dental: 55%
vision benefits Vision: 45% employee benefits None: 33%
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