Teller Salary

By on November 10, 2010 in ArticlesHow Much Does

How much does a teller make? Bank tellers earn a low to average salary for the work they perform. A bank tellers is a bank employee who generally deals directly with bank customers, providing services much the same as a cashier. Bank tellers are known as a "front line" employee who deals with customers for basic services throughout the work day. The bank teller is generally the first bank employee the customer deals with, bank tellers must be able to provide customers with information about their accounts and bank services.. For this reason bank tellers must be people oriented, with good people skills and a friendly manner. Bank tellers are also most often the first bank employee to detect and stop fraudulent transactions, preventing losses at a bank including identity theft, counterfeit currency and checks, and confidence tricks.

Teller Salary

Teller Salary/ LIU JIN/AFP/Getty Images)

Bank tellers must process routine bank transactions, working quickly and accurately to complete customer transactions. Typical bank transactions include making deposits, cashing checks, withdrawals and loan payments.

Generally bank tellers have a teller window (or wicket), with a computer terminal, and a cash drawer used to perform their transactions. Bank teller transactions include, but are not limited to:

Check cashing, depositing

Savings deposits, withdrawals

Issuing negotiable items (cashier's checks, traveler's cheques, money orders, federal draft issuances, etc.)

Payment collecting

Promotion of the financial institution's products (loans, mortgages, etc.)

Business referrals (trust, insurance, lending, etc.)

Cash advances

Savings bond purchase or redemption

Resolving customer issues

Balancing the vault, cash drawers, ATMs, and TAUs

May include ordering products for the customer (checks, deposit slips, etc.)

Bank teller jobs require at minimum a high school diploma, good understanding of basic mathematics and require a background check. Bank tellers are typically trained on the job.

Bank teller jobs over the last ten years have been most often offered as part-time work positions instead of full-time positions. Moving up the job ladder in a bank will help those working as bank tellers to earn a better wage and gain full-time hours as a bank supervisor or bank employee who works with opening accounts or loan applications.

Bank teller employment prospects are expected to be favorable, with job openings arising from growth and the need to replace bank tellers who transfer to other occupations or secure full time work opportunities.

How much does a teller make per hour?

A May 2009 Bureau of Labor Statistics report shows the median hourly wages was $11.53.

Industry Hourly Wage

Depository Credit Intermediation $11.90

Activities Related to Credit

Intermediation $11.34

Nondepository Credit Intermediation $12.04

Management of Companies and Enterprises $12.51

Securities and Commodity Contracts

Intermediation and Brokerage $12.79

How much does a teller make per year?

The median yearly salary for tellers according to a May 2009 Bureau of Labor Statistics report was $23,980.

Industry Annual Wage

Depository Credit Intermediation $24,750

Activities Related to Credit

Intermediation $23,600

Nondepository Credit Intermediation $25,050

Management of Companies and Enterprises $26,030

Securities and Commodity Contracts

Intermediation and Brokerage $26,600

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