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The differences between bank tellers and relationship bankers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a relationship banker has an average salary of $37,091, which is higher than the $32,043 average annual salary of a bank teller.
The top three skills for a bank teller include customer service, savings withdrawals and bank products. The most important skills for a relationship banker are excellent interpersonal, financial services, and work ethic.
| Bank Teller | Relationship Banker | |
| Yearly salary | $32,043 | $37,091 |
| Hourly rate | $15.41 | $17.83 |
| Growth rate | -12% | 10% |
| Number of jobs | 23,446 | 34,587 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 43% | Bachelor's Degree, 64% |
| Average age | 39 | 43 |
| Years of experience | - | 4 |
Bank tellers are usually considered the face of the bank's branches. They assist clients in their over-the-counter transactions. They process client requests such as updates or changes in the account, cash or check deposits, withdrawals, and any other request related to the client's bank account. They provide customer service to clients and ensure that they are happy with the bank's services. Tellers should also be able to validate requests and transactions. They should have administrative and clerical skills since they handle the filing of documents for some transactions. They should also have organizational and basic accounting skills and should be trustworthy.
A relationship banker is responsible for providing financial advice by applying financial disciplines in the banking industry. Relationship bankers process financial transactions on their clients' bank accounts, generate account statements, and reiterate bank policies to support clients' financial goals and objectives. They also research the current financial industry, identify new bank services opportunities to gain more clients, and increase profits for the business. A relationship banker must have excellent communication and customer service skills, responding to the clients' inquiries and concerns regarding their bank accounts, and resolving complaints timely and efficiently.
Bank tellers and relationship bankers have different pay scales, as shown below.
| Bank Teller | Relationship Banker | |
| Average salary | $32,043 | $37,091 |
| Salary range | Between $26,000 And $38,000 | Between $28,000 And $48,000 |
| Highest paying City | Sunnyvale, CA | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | Tinker Federal Credit Union | Santander Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a bank teller and a relationship banker in terms of educational background:
| Bank Teller | Relationship Banker | |
| Most common degree | Bachelor's Degree, 43% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between bank tellers' and relationship bankers' demographics:
| Bank Teller | Relationship Banker | |
| Average age | 39 | 43 |
| Gender ratio | Male, 24.1% Female, 75.9% | Male, 46.6% Female, 53.4% |
| Race ratio | Black or African American, 9.8% Unknown, 3.4% Hispanic or Latino, 20.9% Asian, 7.3% White, 58.0% American Indian and Alaska Native, 0.6% | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 6% |