Research Summary. Using a combination of public government and company data as well as data gathered from thousands of job postings, the Zippia data team has created average salary estimates for jobs across the US. Using that data set, the team has identified the types of bank tellers that are the highest paid based on their average annual salaries.
Here is a summary of our findings for the highest-paying types of bank tellers:
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Banking Associate is the highest-paid type of bank teller with an average salary of $81,890 and an average hourly rate of $39.37.
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The second highest-paying type of bank teller is assistant head teller, with an average salary of $47,293.
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The average bank teller salary is $32,043 per year, and the average hourly pay is $15.41.
Table Of Contents: Background | Table | Methodology | FAQs
Background
Choosing a career path can be difficult, and while pay shouldn’t be the only thing you consider in your decision, it is a significant factor. So if you’d like to work as a bank teller, it helps to have an idea of what the highest-paid types of bank tellers are so that you can plan your career progression.
Here are the top salaries for different types of bank tellers:
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Banking Associate
Average Salary: $81,890
A banking associate’s role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank’s policies and regulations.
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Assistant Head Teller
Average Salary: $47,293
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Head Teller
Average Salary: $46,820
A head teller is a professional who supervises a team of bank tellers that process a variety of financial transactions, such as check cashing and loan payments. Head tellers manage bank tellers so that enough cash is available in their cash drawers. They provide access to the bank’s vault and audit it regularly with a second employee’s help. They also train new tellers in bank practice and procedure so that these tellers can handle customers’ queries and concerns professionally.
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Professional Teller
Average Salary: $46,086
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Receiving Teller
Average Salary: $45,542
Below is a full table of the average pay for various bank teller that pay the most followed by a more detailed explanation of our methodology.
Highest-Paying Types Of Bank Tellers
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Banking Associate | |
| 2 | Assistant Head Teller | |
| 3 | Head Teller | |
| 4 | Professional Teller | |
| 5 | Receiving Teller | |
| 6 | Senior Teller | |
| 7 | Lead Teller | |
| 8 | Drive-In Teller | |
| 9 | Teller Supervisor | |
| 10 | New Accounts Representative | |
| 11 | Retail Banker | |
| 12 | Bank Representative | |
| 13 | Personal Banking Representative | |
| 14 | Teller And A Sales Associate | |
| 15 | Vault Teller | |
| 16 | Commercial Teller | |
| 17 | Teller | |
| 18 | Float Teller | |
| 19 | Collection Teller | |
| 20 | Mutuel Teller |
Methodology
Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.
Our data science team also checks job postings and company-published resources for additional up-to-date salary information for bank tellers.
Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can read the detailed methodology.
Highest-Paying Types Of Bank Teller Jobs FAQs
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What is the highest-paid bank teller job?
The highest-paid bank teller job is a banking associate. Banking Associates earn an average salary of $81,890, which is $ 39.37 hourly.
A banking associate’s role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank’s policies and regulations.
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What is a good salary for a bank teller?
A good salary for a bank teller is $32,043 or more. The average bank teller salary is $32,043, so those making at least $32,043 are earning above-average paychecks.
Keep in mind, however, that the average bank teller salary does fluctuate based on location, as companies will adjust their pay scales based on the cost of living in that area. Research what the average salary is in your area for someone of your expertise and experience level to get a more accurate view on how well you’re being paid.
In addition, if you’re just starting your career as a bank teller, the average entry level salary is $28,487, so don’t base your opinion of your salary on the $32,043 average, as this includes all bank tellers of all skill and experience levels.
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Do Bank Teller jobs pay well?
No, bank teller jobs don’t pay well. As in any industry, some bank teller jobs pay better than others, but the average bank teller salary of $32,043 is times the average national salary of about $44,225 per year.
In addition to this, many bank teller jobs have high earning potential, with the top 10% of bank tellers earning $34,724 a year on average.
Bank Tellers’ salaries will fluctuate based on their experience level, industry, and location, so pay attention to these factors when you’re looking for a job as a bank teller. Do your research on the going rate for a bank teller in your area with your expertise, and don’t be afraid to negotiate your salary based on that information.
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Where do bank tellers get paid the most?
Bank Tellers get paid the most in Rhode Island. In Rhode Island, bank tellers earn an average annual salary of $34,401 and an average hourly wage of $16.54.
Following RI, the states with the highest-paid bank tellers are Massachusetts, New Hampshire, and Maine, with average annual salaries of $36,505, $34,909, and $34,065 respectively.
The cities with the highest-paid bank teller salaries are:
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Sunnyvale, CA – $36,215
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Utica, NY – $35,535
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Urban Honolulu, HI – $35,153
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Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
