How Much Do Bank Tellers Make?

0

bank teller job descriptionBank tellers are employees of banks. They deal directly with most customers that come into the bank, and are also known as cashier’s in some areas. The barrier to entry is not high. Usually a certificate or an associate’s degree will suffice, and most banks offer on-the-job training.
Typically bank tellers need to be proficient in handling cash, and dealing with customers. Bank tellers are often seen as the ‘face’ of a bank, this is because they are the first employees a customer sees.
So have good communication skills, and the ability to deal with people is a must. Also an astute eye for any transactions that look fraudulent is a plus. Along with good numeracy skills, the ability to handle cash in multiple currencies, and an eye for detail.
Find a School

Bank Teller Salary

bank teller salarySo, how much do bank tellers make? According to the Bureau of Labor Statistics the average bank teller’s salary is $25,760. This is calculated by taking the median wage across the US.
A bank tellers starting salary is around $20,070. This is calculated by looking at the amount the lowest 10% earn less than. With the highest 10% earnings in excess of $35,950 a year. The largest number of tellers are employed in the states of California, Florida, Illinois, New York, and Texas.
The highest paid tellers are employed in Alaska and the District of Columbia. The bank that the teller works for has an impact on their salary, along with the geographic location. However, there is often the chance for progression in most banks. This path is usually via promotion to funding managers, supervisors, and other managerial roles.
Bank tellers are predominately full-time workers. Around 1 in 3 bank tellers works part-time. Being employees of banks, there is no opportunities for being self-employed. The hours follow standard banking hours, with little opportunity for overtime and working through holidays.

Top 5 Paying States

FlagStateEmployment per 1000 JobsHourly mean wageAnnual mean wage
Alaska FlagAlaska3.92$14.77$30,720
Connecticut FlagConnecticut3.40$14.59$30,340
Massachusetts FlagMassachusetts0.87$14.34$29,820
Washington FlagWashington0.94$14.07$29,270
Rhode Island FlagRhode Island4.02$13.20$28.530

Top Paying Industries

IndustryPercent of industry employmentHourly mean wageAnnual mean wage
State Government0.01$20.42$40,770
Offices of Physicians -$16.64$34,600
Central Bank 1.57$16.51$34,350
Insurance Carriers 0.02$14.88$30,940
Medical and Surgical Hospitals -$14.46$30,070

Bank Teller Job Description

what does a bank teller doBank tellers are responsible for accurately handling and processing customer’s transactions in banks. These transactions include handling cash, processing loan payments, cashing checks, and dealing with queries.
So, as far as key duties, what do bank tellers do?
• Accept cash, checks, currency, and other forms of tender.
• Count the cash balance in their drawer at the start and end of their shift.
• Prepare specialized types of funds.
• Handle questions and queries from customers.
• Exchange different currencies.
• Record all transactions accurately and noting details.
One of the key responsibilities of a bank teller is the accurate and safe handling of cash. When cashing checks, they are responsible for verifying the customer’s identity. Making sure they have enough funds to cover the transaction, and keeping an eye out for fraudulent activity.
When handling cash it’s very important that tellers do not make errors. Counting out bills and double checking cash it part of the role. Tellers are also able to explain some of the financial products banks offer to customers, and refer them to the appropriate professional if required.
Almost all banks have in-house computer systems to record transactions and give the teller the customer’s account information. So basic computer skills are required, although training is always offered.
Bank tellers’ career paths are usually steps directly up. Moving on to senior cashiers, supervisors, and manager positions and head tellers. Although there are also opportunities for tellers to move to different positions within the banking industry.
Head tellers oversee a number of bank tellers. As well as carrying out some of the same tasks, they also perform managerial duties. Like monitoring the hours worked, putting work schedules together, and dealing with difficult or demanding customers.
Head tellers will also investigate any cash discrepancies, errors with customer accounts, and may handle large cash transactions.

Career Outlook Of Bank Tellers

There is little to no projected change in demand for the profession between 2012 and 2022. Previous growth in the profession was driven by the amount of banks increasing across the US. However, the growth of banks and branches is expected to slow drastically, largely due to the amount of banks already operational.
In addition to this there has been a large surge in mobile banking in recent years. This allows customers to carry out transactions that would have previously been handled by bank tellers. There are some new technologies aimed at increasing teller interaction with customers, such as webcams at ATM machines. The results of this is yet to be seen.
A highlight to looking to enter the profession of a bank teller is that a lot of tellers leave their jobs each year. It’s seen as an entry level job in the banking profession, and as such people often move up or move on.
Find a School

Bank Teller Salary by State

FlagStateEmployment per 1000 JobsHourly mean wageAnnual mean wage
Alabama FlagAlabama4.984$12.37$25,720
Alaska FlagAlaska3.924$14.77$30,720
Arizona FlagArizona2.951$12.96$26,950
Arkansas FlagArkansas5.651$11.55$24,020
California FlagCalifornia3.207$13.75$28,600
Colorado flagColorado3.293$13.17$27,380
Connecticut FlagConnecticut3.399$14.59$30,340
Delaware flagDelaware5.189$13.16$27,370
Florida FlagFlorida4.447$13.84$28,780
Georgia FlagGeorgia3.097$13.31$27,690
Hawaii FlagHawaii3.339$12.70$26,420
Idaho FlagIdaho5.04$11.83$24,610
Illinois FlagIllinois4.026$12.54$26,090
Indiana FlagIndiana3.837$11.78$24,500
Iowa FlagIowa5.053$12.26$25,490
Kansas FlagKansas4.427$11.55$24,030
Kentucky FlagKentucky4.156$11.89$24,740
Louisiana FlagLouisiana4.917$11.61$24,160
Maine FlagMaine4.971$12.27$25,520
Maryland FlagMaryland3.112$13.83$28,770
Massachusetts FlagMassachusetts3.296$14.34$29,820
Michigan FlagMichigan4.017$12.36$25,700
Minnesota FlagMinnesota3.02$12.36$25,710
Mississippi FlagMississippi4.922$11.80$24,540
Missouri FlagMissouri4.321$11.16$23,220
Montana FlagMontana4.612$12.03$25,020
Nebraska FlagNebraska4.725$11.65$24,240
Nevada FlagNevada3.124$13.80$28,700
New Hampshire FlagNew Hampshire3.144$13.14$27,320
New Jersey FlagNew Jersey4.145$13.70$28,490
New Mexico FlagNew Mexico3.857$11.66$24,240
New York FlagNew York3.433$13.71$28,510
North Carolina FlagNorth Carolina3.307$13.47$28,010
North Dakota FlagNorth Dakota3.949$12.95$26,940
Ohio FlagOhio4.225$11.87$24,690
Oklahoma FlagOklahoma4.759$11.47$23,850
Oregon FlagOregon3.236$12.88$26,790
Pennsylvania FlagPennsylvania4.156$12.38$25,750
Rhode Island FlagRhode Island3.931$13.35$27,770
South Carolina FlagSouth Carolina4.02$12.93$26,880
South Dakota FlagSouth Dakota5.047$11.90$24,750
Tennessee FlagTennessee3.732$12.17$25,310
Texas FlagTexas3.687$12.09$25,140
Utah FlagUtah4.156$11.47$23,870
Vermont FlagVermont3.977$13.25$27,560
Virginia FlagVirginia3.466$13.90$28,920
Washington FlagWashington3.58$14.07$29,270
West Virginia FlagWest Virginia4.897$10.62$22,080
Wisconsin FlagWisconsin4.703$12.16$25,280
Wyomin FlagWyoming4.191$11.97$24,890

Top paying metropolitan areas

AreaEmployment per 1000 jobsHourly mean wageAnnual mean wage
Olympia, WA 5.71$16.22$33,750
Santa Rosa / Petaluma, CA3.65$15.66$32,570
Oakland / Fremont / Hayward, - CA - Metropolitan Division 3.20$15.49$32,210
Bridgeport / Stamford / Norwalk, - CT 3.56$15.45$32,140
Nassau / Suffolk, - NY - Metropolitan Division 3.83$15.33$31,880

Top paying nonmetropolitan areas

AreaEmployment per 1000 jobsHourly mean wageAnnual mean wage
Railbelt - Southwest Alaska - nonmetropolitan area2.09$15.98$33,250
Nantucket Island and Martha's Vineyard - nonmetropolitan area 7.74$15.68$32,620
North - Central Massachusetts - nonmetropolitan area 3.57$15.00$31,200
Southeast Alaska - nonmetropolitan area 5.14$14.90$30,430
North - Central Colorado - nonmetropolitan area 3.82$14.73$30,650
Find a School

Bank Teller Career Video


Share.

Leave A Reply