How much does a Teller make?
A Teller plays a key role in the banking industry. They handle daily transactions, assist customers, and ensure the smooth operation of the bank. The average yearly salary for a Teller is around $38,697. This figure can vary based on experience, location, and the specific bank.
Tellers often start with a lower salary, but with experience, they can see their earnings increase. For instance, those with a few years of experience may earn between $35,000 and $40,000 annually. More seasoned Tellers, especially those in managerial positions, can earn upwards of $50,000 per year. Additionally, Tellers in larger metropolitan areas typically earn more than those in smaller towns.
What are the highest paying cities for a Teller?
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San Jose, CA
Average Salary: $48,896
In San Jose, banking professionals enjoy a dynamic work environment. With tech giants like PayPal and Cisco nearby, the city offers a blend of tech and finance. Opportunities for growth and networking are abundant.
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Stamford, CT
Average Salary: $47,493
Stamford provides a stable banking environment with major companies like UBS and Citigroup. The city's business-friendly atmosphere supports career advancement. Job seekers can expect a mix of traditional banking and modern financial services.
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Salinas, CA
Average Salary: $46,912
Salinas offers a community-focused banking experience. Local banks like Salinas Valley Bank provide a supportive work environment. Job seekers can enjoy a smaller city feel with a strong sense of community.
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Washington, DC
Average Salary: $46,874
Working in Washington, DC, means being at the heart of the nation's financial hub. Major banks like Capital One and JPMorgan Chase are nearby. Job seekers can benefit from a vibrant economy and numerous professional development opportunities.
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San Francisco, CA
Average Salary: $46,473
San Francisco offers a fast-paced banking environment with tech-driven financial services. Companies like Wells Fargo and Chase provide diverse opportunities. Job seekers can enjoy a dynamic city life with a strong focus on innovation.
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Seattle, WA
Average Salary: $45,372
Seattle provides a unique banking experience with a focus on tech and sustainability. Banks like Wells Fargo and U.S. Bank offer modern work environments. Job seekers can enjoy a vibrant city life with a strong emphasis on work-life balance.
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Stockton, CA
Average Salary: $45,040
Stockton offers a supportive banking environment with local banks like Pacific National Bank. The city provides a smaller community feel with opportunities for growth. Job seekers can enjoy a stable work environment with a strong sense of community.
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Los Angeles, CA
Average Salary: $43,526
Los Angeles offers a diverse banking environment with major companies like Bank of America and Citibank. The city's vibrant culture provides a dynamic work experience. Job seekers can enjoy a mix of urban and professional opportunities.
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Hartford, CT
Average Salary: $43,434
Hartford provides a stable banking environment with major institutions like Hartford Financial Services. The city offers a mix of traditional and modern banking services. Job seekers can benefit from a strong sense of community and professional growth opportunities.
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Riverside, CA
Average Salary: $43,354
Riverside offers a growing banking environment with local banks like Riverside National Bank. The city provides a supportive community feel. Job seekers can enjoy a mix of traditional banking and modern financial services with opportunities for growth.
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What are the best companies a Teller can work for?
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CHARTER OAK FEDERAL CREDIT UNION
Average Salary: $64,676
Charter Oak Federal Credit Union offers competitive salaries for Teller positions. They provide a positive work environment and opportunities for growth. They operate in Connecticut and Massachusetts.
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Patelco Credit Union
Average Salary: $54,755
Patelco Credit Union is known for its excellent benefits and high salaries for Tellers. They focus on member service and community involvement. Patelco operates in Northern California.
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Sound Community Bank
Average Salary: $53,444
Sound Community Bank offers a supportive atmosphere for Tellers. They emphasize teamwork and customer satisfaction. Their branches are located in Washington state.
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SchoolsFirst Federal Credit Union
Average Salary: $52,894
SchoolsFirst Federal Credit Union provides a rewarding experience for Tellers. They focus on education and community support. They operate in Southern California.
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Self-Help
Average Salary: $50,259
Self-Help offers Teller positions with a focus on financial empowerment. They provide training and development opportunities. Their branches are in North Carolina.
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TD Bank
Average Salary: $49,772
TD Bank offers Teller positions with a competitive salary. They focus on customer service and provide various career advancement opportunities. TD Bank operates across the United States.
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Woori America Bank
Average Salary: $49,707
Woori America Bank provides Teller positions with a good salary. They emphasize customer service and offer a supportive work environment. They operate in New York and California.
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Fremont Bank
Average Salary: $48,911
Fremont Bank offers Teller positions with a fair salary. They focus on community banking and provide a friendly work environment. Their branches are in California and Nevada.
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Comerica
Average Salary: $48,452
Comerica offers Teller positions with a good salary. They focus on customer service and provide various career development opportunities. They operate in several states.
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Rivermark Community Credit Union
Average Salary: $47,952
Rivermark Community Credit Union offers Teller positions with a fair salary. They focus on community service and provide a supportive work environment. They operate in Oregon and Washington.
How to earn more as a Teller?
A Teller can increase their earnings by focusing on several key areas. Building strong relationships with customers can lead to higher tips and referrals. Tellers who take the time to understand customer needs and provide excellent service often see a boost in their income. Another way to earn more is by gaining additional certifications and skills. Specializations in areas like loan processing or investment services can open up higher-paying opportunities. Tellers who demonstrate their ability to manage more complex tasks can earn higher wages.
Expanding knowledge of financial products and services can also lead to higher earnings. Tellers who can effectively sell products like credit cards, insurance, and investment accounts often receive commissions or bonuses. Continuous learning and staying updated on financial trends can make a Teller more valuable to their employer. Finally, Tellers who seek out promotions and take on more responsibilities can earn higher salaries. Leadership roles such as supervising a team or managing a branch can lead to significant pay increases.
Here are five factors that can help a Teller earn more:
- Build strong customer relationships
- Gain additional certifications and skills
- Expand knowledge of financial products and services
- Seek out promotions and additional responsibilities
- Continuously learn and stay updated on financial trends
