What Is the Starting Pay for a Bank Teller?

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A bank teller, also sometimes known as a cashier, is a worker in a banking institution who works directly with the customer. Bank tellers generally handle transactions of smaller value and serve as a liaison between the customer and the bank, meaning that the teller must handle all transactions in a friendly manner. The starting pay for a bank teller varies depending on a number of factors.

Hourly Rate - Low

  • The lowest starting pay that a bank teller should expect is $9.52 an hour. The low rate is generally due to the location where the bank is located and the lower cost of living in the area.

Hourly Rate - Median

  • The median starting pay rate that a bank teller should expect is $10.58 per hour. While this can fluctuate a bit due to the area that the bank is located and the specific banking institution that the job is taking place in, if a bank teller is making near this hourly rate that is all she should expect.

Hourly Rate - High

  • The highest starting pay a bank teller can expect is $11.63 per hour. This high range is generally due to the banking institution being located in a city that has a high cost of living or if the new bank teller has previous experience working in a banking institution.

Overtime

  • Sometimes, bank tellers will be asked to work overtime if the banking institution is particularly busy. A bank teller should expect anywhere between $13.42 and $17.30 per overtime hour that is worked. Again, this depends heavily on the cost of living where the bank is located and how long the particular teller has been working in the banking industry.

Yearly Salary

  • The yearly salary that a bank teller should expect as starting pay is anywhere between $20,118 and $25,058 for the year. This fluctuation is due to the location of the bank, the specific bank the teller works at, and how much experience the teller has in the banking industry. However, over time, as the teller continues to be employed by the same banking institution, he should expect a higher rate of pay.

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