Salary for Tellers

Also known as:  Bank Teller, Commercial Teller, Exchange Teller, Foreign Banknote Teller, Foreign Exchange Clerk, Loan Teller, Money Order Clerk, Receiving Teller, Savings Teller, Securities Teller

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Tellers receive and process money from customers inside of a bank. They assist customers with deposits, as well as disburse money when a check is written on an account or a withdrawal is made. Other teller services include cashing checks, exchanging foreign currency, taking loan payments and issuing traveler's checks. It is mandatory that accurate record keeping of all transactions be maintained. Tellers can work in any bank or other financial institutions. A high school diploma is the only education required to work as a teller, however a college degree is preferred by many well-known, prestigious institutions.

A Teller will normally receive wages of around 16000 and 24000 based on levels of tenure. Tellers can get an average compensation of Twenty Five Thousand dollars each year.

Tellers are compensated at the highest average salary in Alaska, which has wages of approximately $29290. People in this category of job can expect the most salary in Educational Services, where they can get pay of $31770.

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The national wage distribution is shown below. To overlay local salaries for a Teller, please select your state.
ANNUAL SALARY
HOURLY RATE
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SALARY TREND
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 16.57 percent nationwide in that time.
INDUSTRIES
Tellers tend to make the most in the following industries
Public Administration $31,770
Educational Services $31,470
Management of Companies and Enterprises $26,660
Retail Trade $26,640
Professional, Scientific, and Technical Services $26,530
Administrative, Support and Waste Management Services $26,290
In general, they earn less within the industries below
Arts, Entertainment, and Recreation $23,920
Finance and Insurance $24,930
Information $25,130
Health Care and Social Assistance $25,350
Accommodation and Food Services $25,670
Administrative, Support and Waste Management Services $26,290
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