Bank Teller Salary – Salary And Range
Bank teller salary ranges from $8.37 to $12.95 an hour. These figures are the base for bank teller salary and do not include overtime pay, bonuses or commissions. Bank teller salary varies according to several factors. The most significant factor affecting bank teller salary is location. Bank tellers in Fairfax, Virginia will find themselves at the top of the bank teller salary range, earning between $9.90 and $16.27 an hour. Bank teller salary also varies depending on the banking institution.
Typical bank teller salary at IBC bank is as low as $7.17 an hour while Bank of America’s lowest bank teller salary is $9.97 an hour. Citibank pays the highest bank teller salary at $14.24 an hour. Long term, 20 years or more, bank tellers can expect to receive a salary anywhere between $17,956.00 per year to $46,000 per year. Long term bank tellers make up only 1% of all bank tellers. Most bank tellers have been employed in the position for one to four years. Bank teller salary depends also on level of education. Bank teller salary for those with a GED or high school diploma ranges from $8.87 to $13.14 an hour. With a Bachelor’s degree, bank teller salary will range from $8.72 to $12.82 an hour.
Bank teller salary for those who have obtained a Bachelor’s in Business Administration can be anywhere from $8.97 to $12.84 an hour. A male’s bank teller salary will be slightly higher than a female with male bank teller salary typically starting at $9.65 an hour and female bank teller salary typically starting at only $9.49. Bank teller salary is often complemented by benefits. These benefits usually include medical and dental coverage and often include vision coverage. Only 36% of bank tellers do not receive any benefits at all. Bank teller salary can be improved with the additions of overtime pay, bonuses, and commissions. Overtime pay ranges from $11.99 to $19.46 an hour for most bank tellers.
Annual bonuses in addition to regular bank teller salary can bump up earnings anywhere from $95.93 to $1536.00 per year. Commissions can also make a significant impact on bank teller salary, increasing pay by $2,000 per year in some instances.
WORKS CITED
“Hourly Rate for Bank Teller Jobs”. payscale.com. http://www.payscale.com/research/US/Job=Bank_Teller/Hourly_Rate. 27 November 2011. 28 November 2011.