A:

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.

RELATED FAQS
  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 for a finance major?

    Decide if a finance career is appealing to you based on the average yearly salaries of jobs for finance majors. 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 >>
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. 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.
  3. Insights

    How Online Banking Is Overtaking Traditional Banking

    Is traditional banking doomed to be surpassed by online banking?
  4. Insights

    Banks’ Job Bloodbath Will Continue in 2017

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

    9 Careers On The Way Out

    Some careers have gone away due to technology, advances in productivity and conservation efforts.
  6. 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.
  7. 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.
  8. Financial Advisor

    Financial Careers With Excellent Salaries

    There are many lucrative career paths a person with an interest in finance can explore.
  9. Personal Finance

    Banking Has Changed: What Does It Mean For Consumers?

    Banks have long been leading spenders on technological innovations. Learn the key changes in the banking industry and what institution is right for you.
RELATED TERMS
  1. Branch Automation

    Branch automation is banking automation that connects the customer ...
  2. Bank

    A bank is a financial institution licensed as a receiver of deposits. ...
  3. Niche Banks

    Niche banks cater to and serve the needs of a certain demographic ...
  4. Night Depository

    A night depository is a bank drop box where merchants can deposit ...
  5. Currency Transaction Report (CTR)

    A currency transaction report is a bank form used in the United ...
  6. Bank Rate

    A bank rate is the interest rate at which a nation's central ...
Trading Center