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|
|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|
Best metropolitan areas that Pay Bank Tellers Higher Salary
|Metropolitan area||Annual Average wage|
|San Jose-Sunnyvale-Santa Clara, CA||$38,270|
|Norwich-New London-Westerly, CT-RI||$35,010|
|Naples-Immokalee-Marco Island, FL||$34,850|
|New Bedford, MA||$34,630|
|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|