Bank Teller Salary: How much do they make

Bank Teller Salary

What might be the take-home salary of a Bank Teller? Does the duty or tasks offer up by Bank Tellers commensurate with the salary they earn?

Before delving deep into Bank Tellers’ salary, it is best to know the duties of Bank Tellers.

Duties of a Bank Teller

You would be correct to say that Bank Tellers receive and payout money in the Bank to customers. They are responsible for the important processing of transactions from time to time.

Such transactions performed by Bank Tellers include cash checks, depositing money and collecting loan payments.

A Breakdown of the Duties of Bank Tellers

The breakdown of the duties of Bank Tellers are revealed below;

  • Provide answers to customers’ query related to their account
  • Receive payments from customers. Payments can be in several forms. It might be in cash or checks. In whatever way, Bank Tellers ensure that the customers’ payment is successful
  • Bank Tellers pay out money to customers as appropriate
  • They count the money in their drawer at the beginning of their shift
  • At the end of their shift, they also count the money in their drawer
  • Record financial transactions

Bank Tellers are therefore the image creators of the bank. This is because there is a direct relationship between Bank Tellers and Bank customers.

How the Bank Teller handles customers’ financial matters would tell a lot of the Bank.

Therefore, the Bank Tellers play a crucial role in reflecting the Bank image. Bank Tellers must, therefore, be aware of every Bank’s policies and systems.

Bank Tellers are at the forefront of fighting financial bank frauds.

They can detect phony or fake money, or checks and identify bank thefts.

Banks Tellers Salary Revealed

According to the Bureau Labor of Statistics, half the number of Bank Tellers earn below $29, 450. The other half earn above $29, 450 a year.

This implies that the annual wage of a Bank Teller is $29, 450. This also means that half the number of Bank Tellers earn above $2, 454 per month while half earn less.

Top Industries Where Bank Tellers Earn Higher

Industry Annual Average wage 
State Government, excluding schools and hospitals (OES Designation) $45,300
Business Support Services $39,210
Local Government, excluding schools and hospitals (OES Designation) $36,340
Gambling Industries $33,600
General Medical and Surgical Hospitals $33,180

 

The top States that Pays Bank Tellers a Higher Salary

State Annual Average wage 
District of Columbia $35,790
Washington $34,240
Connecticut $33,360
New Jersey $32,950
Massachusetts $32,860

 

Best metropolitan areas that Pay Bank Tellers Higher Salary

Metropolitan area Annual Average wage 
San Jose-Sunnyvale-Santa Clara, CA $38,270
Bremerton-Silverdale, WA $37,580
Seattle-Tacoma-Bellevue, WA $35,800
Norwich-New London-Westerly, CT-RI $35,010
Naples-Immokalee-Marco Island, FL $34,850
Raleigh, NC $34,840
Longview, WA $34,840
New Bedford, MA $34,630
Wilmington, NC $34,600
Tampa-St. Petersburg-Clearwater, FL $34,520

Best nonmetropolitan areas that Pay Bank Tellers Higher Salary

Nonmetropolitan area Annual Average wage 
Kansas nonmetropolitan area $28,640
North Texas Region of Texas nonmetropolitan area $27,120
North Northeastern Ohio nonmetropolitan area (non-contiguous) $28,710
West Northwestern Ohio nonmetropolitan area $27,950
Balance of Lower Peninsula of Michigan nonmetropolitan area $27,910

 

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1 thought on “Bank Teller Salary: How much do they make

  1. Thanks a lot for this epic write ups which has simplified my search for how would be my take home if I take on this profession.

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