Teller Salary Insights: Pan American Bank

The average hourly pay for a bank teller in the United States is around $15 to $18, although sources give a range of $11.85 to $19.38 per hour. This can depend on factors such as location, experience, and the specific company. For example, the average hourly rate for a teller at Bank of America is $38.22, while the average hourly rate at PNC Financial Services Group is $14.00 to $18.61.

The average hourly rate for bank tellers is $15.41

According to various sources, the average hourly rate for bank tellers ranges from $14.82 for those with less than a year of experience to $19.38 for those at the highest end of the pay scale. The average base salary for tellers is also reported to be $17.57 per hour, with salaries ranging from $14 to $18.61. This variation in hourly rates may be due to differences in location, position, and other factors.

Bank tellers play a crucial role in providing customer service and handling financial transactions at banks or credit unions. Their responsibilities include processing deposits, withdrawals, transfers, and other routine financial transactions. They must also follow security procedures and policies to protect customers' personal information and ensure accurate cash handling.

While the average hourly rate for bank tellers is around $15.41, it's important to consider the impact of location, education, and experience on their earnings. Bank tellers in high-paying states or cities may earn significantly more than those in lower-paying areas. Additionally, senior-level tellers with more experience and education can expect higher hourly wages than entry-level tellers.

Overall, the hourly rate for bank tellers can vary depending on various factors, but the average falls around $15.41 per hour.

Salaries vary depending on location, experience, and education

The salary for a teller can also depend on the specific company and the location of that company. For example, the average Bank of America teller hourly pay in the United States is approximately $38.22, while the average hourly pay rate of the Pan American Development Foundation is $43 in the United States, with its headquarters in Washington, DC, earning an average of $48 per hour.

In addition, a teller's salary can be influenced by their level of experience. An entry-level bank teller with less than 1 year of experience can expect to earn an average total compensation of $14.82 per hour, while a mid-career bank teller with 1-4 years of experience earns an average of $15.38 per hour. A senior-level bank teller with 7-12 years of experience enjoys an average annual salary of $34,724, which equates to $16.70 per hour assuming a 40-hour workweek.

Education and additional certifications can also impact a teller's salary. For example, a teller with a bachelor's degree may be eligible for higher-paying positions such as a Bank Secrecy Analyst or Officer, or a Vault Teller, which require additional education and training.

The average bank teller salary in the US is $32,043

Senior tellers can expect a higher hourly wage, with an average of $19.13 per hour. This is still a relatively low-paying job, and those working in banks will often have to deal with difficult customers and long lines.

There is potential for growth within the industry, with many opportunities to move up and transition into other departments. The average salary for a head teller is higher than that of a teller, and a teller with more experience and additional skills can expect a higher salary.

The role of a bank teller often includes recording all transactions, preparing daily settlements of teller cash, and processing various financial transactions, such as check cashing, withdrawals, deposits, and loan payments. It usually requires a high school diploma or equivalent, and tellers typically report to a head teller.

The highest-paying states for bank tellers are Massachusetts, New Jersey, and California

Bank tellers are front-line employees who interact with customers daily. They are responsible for handling cash and other financial transactions, such as withdrawals and deposits. Bank tellers also need to have strong customer service skills and perform their duties with absolute accuracy.

The salary of a bank teller varies depending on location, education, and experience. The national average salary for bank tellers in the United States is $32,043, with an hourly rate of $15.41. However, the highest-paying states for bank tellers are Massachusetts, New Jersey, and California.

Massachusetts has the highest average yearly salary for bank tellers, at $36,505. This is significantly higher than the national average and makes it the top state for bank teller salaries. The high salary in Massachusetts reflects the demand and value of bank tellers in this state.

New Jersey is another state that offers competitive salaries for bank tellers. While the exact average salary for New Jersey is not available, it is known to be one of the highest-paying states for this profession. New Jersey is home to many financial institutions, and bank tellers are in high demand to serve the diverse customer base.

California is the third state on this list, with Sunnyvale, CA, being the city that pays bank tellers the most, with an average yearly salary of $36,215. California's large population and diverse economy contribute to the high salaries for bank tellers in the state.

These three states offer the most lucrative opportunities for bank tellers in terms of salary. The variation in salaries across states is influenced by factors such as cost of living, demand for financial services, and regional economic conditions.

The average hourly pay for a Bank Teller is $15.46 in 2024

The average hourly pay for a bank teller in the United States is $15.46 in 2024. This is based on 2,275 salary profiles and is the average base hourly rate. The average bank teller salary in the United States is $32,043. Bank teller salaries typically range between $26,000 and $38,000 yearly. The average hourly rate for bank tellers is $15.41 per hour.

An entry-level bank teller with less than 1 year of experience can expect to earn an average total compensation (including tips, bonus, and overtime pay) of $14.82 based on 483 salaries. An early career bank teller with 1-4 years of experience earns an average total compensation of $15.38 based on 1,173 salaries.

The average bank teller salary can vary depending on location, education, and experience. For example, a bank teller with 0-2 years of experience earns an average entry-level salary of $28,487. A mid-career bank teller with 3-6 years of experience makes $32,043 a year on average. A senior-level bank teller with 7-12 years of experience enjoys an average annual salary of $34,724.

The highest-paying states for bank tellers are Massachusetts, New Jersey, and California. The lowest average bank teller salary states are Indiana, New Mexico, and Texas. The highest-paying cities for bank tellers are Sunnyvale, CA, Utica, NY, and Urban Honolulu, HI.

The average salary for a teller can also vary depending on the employer. For example, the average hourly salary for a teller at Bank of America is approximately $38.22, which is 137% above the national average.

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