Teller Salary

For Tellers, hourly average wages total $11.08 per hour. In the world of Tellers, overall income ranges from $19K near the bottom to $30K at the top; this can include more than $1K from bonuses and more than $4K from profit sharing in exceptional cases. The most influential factor affecting pay for this group is the company, though years of experience and geographic location have a (lesser) impact as well. Not all workers are lucky enough to have benefits; in fact, approximately one in three are without coverage. Medical insurance is claimed by a majority and dental insurance is reported by the larger part. Job satisfaction is reported as high by the vast majority of workers. Most Tellers survey respondents are women (76 percent). The information for this snapshot was generated by responses to the PayScale salary survey.

$18,400 - $35,271

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$9.05 - $13.64

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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$12K$24K$36K
Salary
$18,400 - $35,271  
   
Bonus
$0.00 - $1,042  
Profit Sharing
$197.27 - $3,973  
Commission
$145.44 - $2,588  
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).
)
$18,911 - $29,671  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 506
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
$9.05 - $13.64  
   
Hourly Tips
$0.13 - $2.18  
Overtime
$12.05 - $20.39  
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 - $1,042  
   
Commission
$145.44 - $2,588  
Profit Sharing
$197.27 - $3,973  
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).
)
$18,911 - $29,671  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 4,436
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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 may progress into high-paying roles like Banking Branch Manager, where median compensation is $51K annually. Given that the median pay is $22K, it may be surprising to find that a Bank Teller is the most common role for Tellers to subsequently assume on their way up the ladder. Transitioning into a Personal Banker role — which pays $35K — is also typical for Tellers, though less common by comparison.

Bank Teller Job Listings

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Popular Employer Salaries for Teller


Wells Fargo Bank, Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc., Chase Bank, and J.P. Morgan Chase & Co. (JPMCC) are among the top companies that take on many Tellers. Citibank pays the most with a median salary of $27K, though with a large amount of variation, going from a low of $17K to a high of $34K. Other employers shelling out big bucks include Capital One Financial Corp, Bank of America Corp. (BOFA), and TD Bank, N.A., where Tellers typically earn around $26K, $25K, or $25K, respectively.

Not only do salaries lack room to grow — pay ranges from $19K to just $25K — but The PNC Financial Services Group, Inc. offers the lowest pay in town to boot, with a median paycheck of $21K. KeyBank, Regions Bank, and U.S. Bank also scrape the bottom of the pay scale, with median earnings hovering around $22K for all three.

Popular Skills for Teller


Survey participants wield an impressively varied skill set on the job. 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 17 percent. At the other end of the pay range are skills like Microsoft Office. Most people skilled in Cash Handling are similarly competent in Banking.

Pay by Experience Level for Teller

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


Experience does not seem to be a strong driver of pay increase in this role. 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. After working for 10 to 20 years, Tellers make a median salary of $26K. In the end, more experience does seem to mean larger paychecks; seasoned Tellers with more than 20 years of experience earn a predictably higher median salary of $29K.

Pay Difference by Location


For Tellers, working in the bustling city of Washington has its advantages, including an above-average pay rate. Tellers will also find cushy salaries in San Jose (+14 percent), New York (+12 percent), Atlanta (+9 percent), and San Diego (+7 percent). With compensation 6 percent below the national average, Oklahoma City is not known for hefty paychecks and actually represents the lowest-paying market.

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 17%

Bilingual
up arrow 6%

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

Microsoft Office
up arrow 12%

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: 56%
vision benefits Vision: 45% employee benefits None: 33%
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