The Bureau of Labor Statistics' Occupational Outlook Handbook states that in 2012, the median wage for a bank teller was $11.99 per hour, which equates to an average salary of $24,940 per year. The number of people employed in bank teller finance career positions is not expected to vary by more than 1% between 2012 and 2022; however, bank teller job prospects were considered excellent, because of the relatively high turnover rate within the field.

The average compensation for a bank teller in the United States in September 2014 was $10.44 per hour. This figure was based on the combined results of nearly 8,000 individuals, whose hourly pay rates varied between $8.39 and $13.21. Overtime rates fell between $10.48 and $20.05 per hour. In total, bank tellers' salaries fell between $17,682 and $28,914 per annum.

Highest Paying States for Bank Tellers | FindTheBest

Most bank tellers have a high school diploma or equivalent qualification and receive roughly a month of on-the-job training when they begin employment. Bank teller responsibilities include securely processing check and cash transactions, accepting loan payments, completing deposits and withdrawals, and providing certain types of financial information to customers. Because of their everyday proximity to customers, they also contribute toward the public images of the financial institutions at which they are employed.

Common future business career options for bank tellers include employment opportunities in customer service departments, teller supervisor positions, bank management jobs and personal banker positions. According to the report, individuals employed as bank tellers are likely to move on to other jobs after approximately ten years.

  1. What is the difference between an investment and a retail bank?

    Learn the primary differences between retail banks and investment banks by examining the business activities, type of clients ... Read Answer >>
  2. What's the average salary of a loan officer?

    Read about the average yearly salary for a loan officer. Learn about what these professionals do and what determines their ... Read Answer >>
  3. What are the advantages and disadvantages to dealing with internet-only banks?

    In recent years, large companies have set up internet-only banks as a means of diversifying into the financial sector and ... Read Answer >>
  4. What is the average profit margin for a company in the banking sector?

    Learn what the average profit margin is for companies in the banking sector, along with other evaluation metrics often used ... Read Answer >>
Related Articles
  1. Insights

    TD Bank Accused of Wells Fargo-like Abuses

    A Canadian news report cites examples of illegal banking practices by TD Bank employees.
  2. Tech

    The Future Of Mobile Banking (JPM, BAC)

    Typically slow to react to technological change, retail banks are finally recognizing the benefits it provides to consumers as well as the cost savings it gives the firm.
  3. Personal Finance

    Cut Your Bank Fees

    Find out how to get the bank to pay you for using their services, not the other way around.
  4. Personal Finance

    Bank of America to Cut 8,000 Jobs (BAC)

    Bank of America's president of retail banking has announced thousands more positions to be eliminated in the coming years.
  5. Personal Finance

    The Benefits of Salary Vs. Hourly Wages

    Going from an hourly position to a salaried one often comes with a big pay raise. But there are some things to think about before celebrating.
  6. Personal Finance

    5 Bank Fees You May Not Know About

    Banking regulations have recently changed and fees are following suit.
  7. IPF - Banking

    The Ins And Outs Of Bank Fees

    These service charges could nickel and dime you right out of your nest egg.
  8. Personal Finance

    10 Jobs with the Biggest Raises This Year

    Some jobs offer a bigger pay increase than others for 2017. Whether your job's included and where to look.
  9. Personal Finance

    5 Jobs With Mandatory Overtime

    Before you get into one of these fields, you should find out how many hours a week you'll really be working.
  1. Branch Automation

    Branch automation is banking automation that connects the customer ...
  2. Off-Premise Banking

    Off-premise banking is any bank location other than its main ...
  3. State Bank

    A state bank is a financial institution that a state has chartered ...
  4. Availability

    Availability refers to funds that have been deposited by third-party ...
  5. Bank

    A bank is a financial institution licensed as a receiver of deposits. ...
  6. Base Pay

    Base pay is an employee's initial rate of compensation, excluding ...
Trading Center