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. How Long Should You Keep Bank Statements?

    Bank statements should be maintained for at least one year in order to provide support documentation for financial activities. Read Answer >>
Related Articles
  1. Personal Finance

    Investment banking versus commercial banking

    Read an in-depth review of the differences between a career in investment banking and a career in commercial banking, including how to decide between them.
  2. Insights

    TD Bank Accused of Wells Fargo-like Abuses

    A Canadian news report cites examples of illegal banking practices by TD Bank employees.
  3. Personal Finance

    Best Part-Time Jobs For College Students

    Here are some part-time jobs that you can fit around your classes. However, the best idea is to find something related to your field of study.
  4. 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.
  5. 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.
  6. Personal Finance

    Retail Banking vs. Corporate Banking

    Retail banking is the visible face of banking to the general public. Corporate banking refers to the aspect of banking that deals with corporate customers. Check out more on the differences between ...
  7. Insights

    Banks’ Job Bloodbath Will Continue in 2017

    Despite soaring earnings and stock prices, banking sector job cuts are in the tens of thousands.
  8. Personal Finance

    Salary versus hourly: How benefits and laws differ

    Before you decide on hourly pay versus salary, you should consider the pros and cons and be aware of how changing laws could affect you.
  1. Automated Teller Machine - ATM

    An automated teller machine is an electronic banking outlet for ...
  2. Commercial Bank

    A commercial bank is a type of financial institution that accepts ...
  3. Availability

    Availability refers to funds that have been deposited by third-party ...
  4. Deposit Slip

    A deposit slip is a small written form that is sometimes used ...
  5. Bank Run

    A bank run occurs when a large number of customers withdraw their ...
  6. Base Pay

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