Bank teller is a very popular career option in the USA and they are the face of the bank. When customers entire into a bank, tellers are the first person they interact with. In the USA, more than 450,000 people are working as a bank tellers and the number is growing every year. A bank teller offers various banking services like receiving deposits, cashing checks, issuing savings withdrawals, receiving various loan payments, and many more.
Depending on the bank and the branch location, a bank teller could be a stressful job because of the large queue of customers and their questions and transactions.
What is a Bank Teller?
A bank teller is an employee of a bank and he/she is the first point of interaction for customers. The main responsibility of a bank teller is to handle the customer’s cash and other financial activities. A bank teller is also known as s a cashier or customer representative. The duties of a bank teller include money transfers, money orders, deposits, withdrawals as well as checking transactions. Other banking activities a bank teller might need to take care of are –
- Doing various types of paperwork
- Filling out deposit and withdrawal slips
- Answering phone calls
- Managing ATM deposits and withdrawals
- Closing the balance at the end of the day
Bank tellers have to work full-time, and sometimes they have weekend hours. The salary of a bank teller mostly depends on their years of experience, geographic location, education qualification, etc. The common salary of a bank teller in the USA is $13.76 per hour but the average salary ranges from $7.25 to $26.15 per hour.
How Hard is the Bank Teller Job?
The working environment and condition of a bank teller’s job vary depending on what bank you are working in. Like any other job, the bank teller job has its own facilities and disadvantages. If you are planning to apply for a bank teller job and wondering how hard the job could be then you should check the advantages and disadvantages of a bank teller. This information will help you find out how hard the bank teller job is!
A Bank teller job has lots of opportunities and if you are looking for a quick job then it will be the right option for you. In the USA, there are lots of job opportunities available in the bank teller sector so you can easily find a job. Moreover, a bank teller has fixed working hours so you can have a decent lifestyle and spend time with your friends and family.
The salary range of this job position is also good and banks offer various facilities like medical, dental, and vision insurance, as well as a 401k, and sick time. You can also get two weeks of paid vacation each year which is very rare in other job sectors. The bank teller job requires communication skills, if you like to talk with people and solve their problems then this is the right job for you. Moreover, working as a teller, you will be able to develop various skills that will very helpful for other job sectors.
There is no question that working as a teller offers various opportunities but this job also has various disadvantages. If you are a new bank teller then your working schedule will disappoint you. You might have to join as a part-time employee and might have to work early evening and or weekend hours. Moreover, if there are lots of customers then it will also create stress.
The job sector is stable but the salary range can be low if you are new in this sector or do have not much experience. The maiden salary of a part-time bank teller is $15.68 per hour and $32,620 per year for a full-time employee. So, the wage is also a concern for this job title. Moreover, bank tellers have to work in a hectic environment. According to a study of Ghana bank teller experiences that is reported on IJPPM –
“The tellers are more likely to exhibit counterproductive behaviors such as job dissatisfaction due to work-related stress. The results further showed that gender is not a strong determinant of job satisfaction and occupational stress among the bank tellers. Thus, both male and female tellers can have similar stress perceptions and experiences. Also, both male and female tellers can be satisfied with their jobs.”
List of Annual Base Salary of Bank Teller’s
|Job Title||Salary||Hourly Rate|
|Teller III Teller I Teller II Teller Manager Vault Teller Head Teller Account Services Representative Account Services Representative, Sr. Branch Manager I Funding Manager I||$36,111 $28,348 $31,402 $48,060 $34,122 $39,061 $34,007 $38,578 $61,788 $81,949||$17.36 $13.63 $15.10 $23.11 $16.40 $18.78 $16.35 $18.55 $29.71 $39.40|
State Wise Average Salary of Bank Tellers in the USA
|State||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|New York |
Detail Process of becoming a Bank Teller
In order to become a bank teller, you must have proper education. Usually, the minimum educational requirements of a bank teller is a high school diploma or General Education Diploma (GED). However, having a bachelor’s degree will help you secure a job more quickly. Having a degree in business, finance, accounting or economics will give you an upper hand.
If you meet the educational requirement then you have to apply for a bank teller position and pass the required tests. Usually, the topics of a bank teller job examination are percentages, fractions, addition, subtraction, decimals, etc. If you pass the exam then you will be selected for the post. AS a bank teller, you have to participate in various training to develop skills, this training will help you get promoted in the job. Moreover, you can also take various certifications courses available from various organizations and boost your skills.
For example, The American Bankers Association (ABA) offers a certification course for bank tellers who want to advance their careers in the banking sector.
FAQs about Is being a Bank Teller Hard? How to Become a Bank Teller?
Is being a bank teller stressful?
The answer to this question depends on quite a few things. If you are working in a bank branch that is always busy and you have to deal with the customers all the time, then it is definitely a stressful job. On the other hand, if you work in a bank branch that is not always filled with customers then you can relax a bit during office hours.
How long does it take to learn to be a bank teller?
The answer to this question depends on what type of educational background you have. If you have a degree in accounting, finance, or management then you can easily learn to be a bank teller. Usually, banks provide a one-month training to new employees who don’t have any prior teller experience. So, it is fair to say that it will take at least one month to learn to be a bank teller.
Is bank teller a good career?
A bank teller is an excellent entry-level career option. Bank tellers usually make well above the minimum wage. Moreover, many banks offer commissions for opening new accounts or taking out loans. So, bank tellers can make extra money from the commission.
What are the different positions for jobs in the bank?
A bank has quite a few positions for jobs, that includes –
- Bank Teller
- Bank Marketing Representative
- Internal Auditor
- Branch Manager
- Loan Officer
- Data Processing Officer, etc.
What is the lowest position in a bank?
The bank teller is in the lowest position in the bank.
Last Updated on August 7, 2022 by Ana S. Sutterfield
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.