How much does a Teller make?
A Teller plays a key role in a bank, making sure that customers can easily deposit, withdraw, and transfer money. The work is important and involves lots of interactions with the public. Most Tellers earn a decent salary, and it can grow with experience and extra skills.
The average yearly salary for a Teller is around $39,410. However, this can change depending on many factors. For example, the salary can vary based on the bank's size, the location, and the Teller's experience. Here is a closer look at the salary range:
- The lowest 10% of Tellers make about $29,000 per year.
- The next 20% earn between $31,136 and $35,409 per year.
- The middle 20% bring home $37,545 to $41,818 annually.
- The next 20% see their salaries ranging from $43,955 to $48,227 per year.
- The top 10% earn the most, with salaries from $50,364 to $52,500 per year.
What are the highest paying cities for a Teller?
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San Jose, CA
Average Salary: $48,669
In San Jose, the tech industry is booming, offering many opportunities for those interested in banking. Companies like JPMorgan Chase and Wells Fargo provide a dynamic work environment. The area's growth means Tellers can expect many career opportunities.
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Stamford, CT
Average Salary: $47,919
Stamford has a strong financial sector with large banks like Chase and Citibank. Working here means handling a steady flow of customers and having access to many training and advancement options. The city's business-friendly atmosphere supports career growth.
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Washington, DC
Average Salary: $47,529
Tellers in Washington, DC, enjoy a unique setting with many government institutions nearby. Banks such as Capital One and PNC offer a diverse clientele. The city’s vibrant culture adds to the rewarding experience of working in banking.
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San Francisco, CA
Average Salary: $47,498
San Francisco’s financial industry is bustling, with major players like Bank of America and U.S. Bank. Tellers here engage with a varied customer base. The city’s progressive environment makes for a dynamic workplace.
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Salinas, CA
Average Salary: $47,290
Salinas offers a more relaxed banking atmosphere with community-focused banks. Tellers here build strong relationships with customers. The agricultural sector’s presence adds a unique twist to banking interactions.
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Stockton, CA
Average Salary: $46,549
Stockton provides a supportive community environment with banks like Wells Fargo and Chase. Tellers can expect a steady pace of business and the chance to grow within a supportive setting. The city’s focus on agriculture influences its banking needs.
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Seattle, WA
Average Salary: $46,276
Seattle has a vibrant tech and finance scene with prominent banks like Wells Fargo and U.S. Bank. Tellers enjoy working in a progressive environment with diverse and innovative businesses. The city’s growth offers many opportunities for advancement.
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Hartford, CT
Average Salary: $45,370
Hartford is known for its insurance industry, with institutions like Chase and People’s United Bank. Tellers here deal with a mix of personal and corporate banking. The city’s rich history provides a unique backdrop for a banking career.
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Riverside, CA
Average Salary: $44,767
Riverside offers a blend of small-town charm and growing business opportunities. Banks like Wells Fargo and Chase provide Tellers with a chance to build lasting relationships. The area’s expansion offers many avenues for professional growth.
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Los Angeles, CA
Average Salary: $43,997
Los Angeles provides a dynamic and diverse environment for Tellers, with major banks like Bank of America and Chase. The city’s bustling nature means Tellers engage with a wide range of clients. Opportunities for advancement are plentiful in this fast-paced setting.
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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: $67,249
Charter Oak Federal Credit Union offers Teller jobs with a positive work environment. They focus on customer service and teamwork. This company operates in Connecticut and Southern Massachusetts.
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Patelco Credit Union
Average Salary: $56,000
Patelco Credit Union provides Teller jobs that emphasize member satisfaction and career growth. They operate across Northern California and offer many opportunities for advancement.
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SchoolsFirst Federal Credit Union
Average Salary: $54,103
SchoolsFirst Federal Credit Union seeks Tellers who are passionate about serving the education community. They serve Southern California and value employee development.
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Sound Community Bank
Average Salary: $52,885
Sound Community Bank offers Teller jobs with a focus on community banking. They operate in Washington State and promote a family-friendly work culture.
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Fremont Bank
Average Salary: $51,561
Fremont Bank provides Teller positions that prioritize customer engagement. They serve Northern California and emphasize innovation and efficiency.
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Fifth Third Bank
Average Salary: $50,269
Fifth Third Bank offers Teller jobs with a focus on customer service excellence. They operate across several states in the Midwest and Southeast.
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Provident Credit Union
Average Salary: $49,889
Provident Credit Union provides Teller positions that emphasize a collaborative work environment. They serve members in the Mid-Atlantic region.
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BECU
Average Salary: $49,544
BECU offers Teller jobs that value employee satisfaction and community involvement. They serve the greater Seattle area and promote professional development.
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First Citizens' Federal Credit Union
Average Salary: $48,976
First Citizens' Federal Credit Union provides Teller jobs with a focus on member service. They operate in the Carolinas and offer a supportive work environment.
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Mechanics Cooperative Bank
Average Salary: $48,570
Mechanics Cooperative Bank offers Teller jobs with a focus on customer service and community support. They serve members in the Washington, D.C. area and beyond.
How to earn more as a Teller?
Tellers often start their banking careers with a focus on customer service and transaction processing. However, they can enhance their earning potential by taking proactive steps. One key factor involves gaining additional certifications that demonstrate expertise in areas like financial services or compliance. Another important factor includes seeking opportunities for advancement into supervisory or specialized roles within the bank. Job seekers should also leverage their network to uncover hidden job opportunities that offer higher pay. Pursuing continuing education to stay updated on financial trends can make a teller more valuable to employers. Lastly, developing strong customer service skills can lead to promotions and higher salaries.
To maximize earnings, tellers should consider these factors. First, gaining certifications in financial services can open doors to higher-paying positions. Next, seeking promotions within the bank can lead to salary increases. Networking with professionals in the banking industry can provide insights into unadvertised job openings. Continuing education and staying informed on financial trends make a teller more attractive to employers. Finally, excellent customer service skills can lead to recognition and career advancement.
Here are some factors tellers can focus on to increase their earnings:
- Obtain relevant certifications
- Seek promotions and advanced roles
- Network within the banking industry
- Pursue continuing education
- Develop strong customer service skills
