Jake Miller
Bank tellers are typically paid hourly wages rather than a fixed annual salary. The average hourly pay for a bank teller in the US is $17.48, with a range of $12.02 to $24.04. However, bank teller salaries can vary depending on location and the specific bank. For example, the average hourly rate for a bank teller in New Jersey is $20.52, while in Missouri, it is $18.08. Some sources indicate that bank tellers are often paid close to minimum wage, and the position is not typically considered a long-term career choice.
| Characteristics | Values |
|---|---|
| Average hourly pay for bank tellers in the US | $17.48 |
| Hourly salary range | $12.02 to $24.04 |
| Average salary for bank tellers in Missouri | $18.08 |
| Average salary for bank tellers in New Jersey | $20.52 |
| Average salary for bank tellers in Chicago | $18 |
| Average salary for bank tellers in New York | $19 |
| Average salary for bank tellers | $36,351 |
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What You'll Learn
Bank tellers are paid hourly, with rates differing by location
Bank tellers are typically paid hourly rates that differ depending on their location. In the United States, the national average hourly salary for bank tellers is $17.48, with a range of $12.02 to $24.04 per hour. However, salaries can vary significantly across different states and cities. For example, in New York, the average hourly rate for bank tellers is $19, which is 9% higher than the national average. In contrast, other sources cite the average salary for bank tellers in the US to be $36,351 per year.
In certain cities, bank teller salaries can be significantly higher than the national average. For instance, San Francisco, California, offers $6,477 (17.8%) more than the average, while Berkeley, California, offers $8,159 (22.4%) more. These variations in pay may be influenced by factors such as the local cost of living or the demand for labour.
On the other hand, some locations may offer lower salaries for bank tellers. For example, one source mentions that New England banks provide relatively low salaries, prompting tellers to consider alternative employment options. The starting hourly wage in this region might be just above minimum wage, which can make it challenging for individuals to sustain themselves without considering additional income sources.
While bank tellers are typically paid hourly, there may be exceptions where they are offered annual salaries. This variation can exist within the same country or state, indicating that financial institutions determine compensation structures based on their policies and the local job market.
It is worth noting that bank teller positions are often considered entry-level roles within financial institutions. As such, the pay may not always reflect the qualifications or potential of the candidates. However, bank teller positions can serve as a stepping stone to higher-paying roles within the same institution, leveraging the insider knowledge of opportunities and the network built within the company.
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The average hourly pay in the US is $17.48
Bank tellers in the US are typically paid an hourly wage, and the average hourly pay is $17.48. This rate can vary depending on the region and the specific bank. For example, in Chicago, the average hourly wage for bank tellers is $18, which is slightly higher than the national average. On the other hand, in New York, bank tellers earn an average of $19 per hour, which is significantly higher than the national average.
The hourly wage for bank tellers can range from $12.02 to $24.04 across the US. Some states, such as California and Alaska, offer higher salaries for bank tellers, with certain cities like Berkeley and Sitka paying well above the national average.
While bank tellers are typically paid hourly, there may be some instances where they are offered a yearly salary. The average yearly salary for a bank teller position is around $36,351. However, it's important to note that actual compensation can vary, and some banks may offer higher salaries for similar roles within the banking industry.
The teller position is considered an entry-level role in the financial industry, and it is often not a long-term position for individuals. While the pay may start close to minimum wage, the standard benefits for bank tellers can be attractive, including sick time, personal leave, and a required week off. Additionally, working hours in banks are usually more favourable than in other industries, such as fast food.
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Tellers are often paid close to minimum wage
Bank tellers are often paid close to minimum wage. While the minimum wage varies by state, the average hourly pay for a bank teller in the US is $17.48, with a range of $12.02 to $24.04. In certain areas, such as New York and Chicago, the average hourly wage for bank tellers is slightly higher, at $19 and $18 per hour, respectively. However, in some states like Missouri, the average teller's salary is $18.08 per hour, while it's $20.52 in New Jersey.
The position of a bank teller is typically considered entry-level, and they are often not compensated adequately relative to the workload they handle. While some banks may offer slightly higher wages, it is not uncommon for tellers to start at close to minimum wage. This is partly because teller positions are often seen as a stepping stone to other opportunities within the financial industry, rather than a long-term career choice.
In addition to their base pay, bank tellers may also receive additional benefits, especially if they work part-time. These benefits can include generous sick leave, personal leave, and a required week off consecutively at least once a year due to federal requirements. While the salary for bank tellers may start close to minimum wage, there is room for negotiation, and counter-offering is encouraged during the hiring process.
While bank tellers may not earn significantly high wages, there are related jobs in the banking industry that offer higher salaries. For example, positions in business banking or other specialized areas can pay up to $52,238 per year, which is significantly more than the average bank teller salary of around $36,351 annually. Therefore, while bank tellers may start at minimum wage, there are opportunities for career advancement and higher earnings within the industry.
Overall, while bank tellers are often paid close to minimum wage, the position can offer valuable benefits and serve as a gateway to other well-paying opportunities in the financial sector. The job market for bank tellers is also quite active, providing individuals with a chance to gain experience and potentially increase their earnings over time.
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Salaries can be higher in certain states
Bank tellers' salaries can vary significantly depending on their location. While the average hourly wage for a bank teller in the US is around $17.48, with a range of $12.02 to $24.04, salaries can be significantly higher in certain states and cities.
For example, in Washington state, bank tellers earn the highest average annual salary of $48,970, while in West Virginia, they earn the lowest average annual salary of $32,720. In California, the average salary for bank tellers is $44,440 per year, and in Texas, it is $36,110. In addition, cities like Berkeley, San Francisco, and Los Angeles in California offer above-average salaries for bank tellers, with San Francisco beating the national average by 17.8%.
The job market for bank tellers also varies by location, with some areas having more active job markets than others. For instance, New York City and Chicago are reported to have very active job markets for bank tellers, with New York ranking third in the nation for bank teller salaries.
While bank tellers may not be paid as well as some other positions within the financial industry, there is room for advancement within the role. Hard-working and ambitious bank tellers can often move up within their companies and command better salaries over time. Additionally, bank tellers can enjoy benefits such as healthcare, retirement plans, and paid time off.
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Bank teller jobs can lead to higher-paying roles in banking
Bank teller positions are typically entry-level jobs that are open to high school graduates. While prior work experience in handling money and customer service is often preferred, it is not required. Most bank tellers receive on-the-job training, which can last for a month or more.
Bank teller jobs can be a great stepping stone to higher-paying roles in banking. With sufficient experience and a good work record, tellers can advance to supervisory or managerial positions, such as head teller. Head tellers oversee and support other tellers and handle managerial tasks, such as scheduling and resolving complex issues. They may also be responsible for ensuring that tellers have enough cash for their shifts and accessing the vault.
Tellers with bachelor's degrees in finance, business, economics, or a related field can move into other positions within the bank, such as personal banker or loan officer. Personal bankers help customers with a range of financial products and services, such as opening accounts, obtaining loans, and investing in certificates of deposit. Loan officers assist borrowers in the loan application process, evaluate loan applications, and provide advice to bank management.
In addition to these roles, bank tellers may also be able to transition into other areas of banking, such as business banking or other specialised roles, which can offer higher salaries. While the demand for tellers may be decreasing due to technological changes and automation, there are still many opportunities for advancement within the field for those with experience and the right qualifications.
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Frequently asked questions
Bank tellers are paid hourly.
The average hourly rate for a bank teller in the US is $17.48.
Yes, there is variation in bank teller hourly rates across the US. For example, in May 2025, the average hourly rate in New York was $19, while in California, it ranged from $18.027 to $8497 more than the national average.
No, the teller role is typically the most entry-level position in a bank, and they are not paid as well as they should be given the amount of work they do.
Yes, bank tellers typically receive standard benefits, especially if they are part-time. These benefits can include sick time, personal leave, and a required week off.
