What do most of you pay your tellers starting out? We are paying 9 dollars an hour if the person has any experience, and we pay 8.50 an hour with no experience. The pay can be more for experienced tellers if the supervisor and hr agree that the person's experience warrants them more. The reason I am asking this is that we have had tellers quiting because they claim we don't pay enough, and they claim they can start out making more at other banks. Thanks

Anon, you will probably have to post information about your region (of the country) and location (rural, urban) in order to get any sort of useful feedback.

I believe most of ours start around $7.50. Higher if experience. Midwest, small towns.

You can generally find that type of information from your States Banking Alliance (Texas has both IBAT and TBA) - and I believe the Fed also has salary surveys as well.

That would help you find comparable sized banks in comparable sized communities.

Try going to salary.com. This site is great because you identify the region and there are different levels of Teller you can identify to get a range from. They give a job description in addition to the salary. I use it all the time.

Start at $9.50 in Boston - a little higher w/experience.

9.50 way outside of Boston in the sticks. More with experience- up to $16.

Depending on your education and experience, I would say that you are grossly underpaid. Branch mgrs have the opportunity to make up into the high 40's. Compliance officers in our area make 50+.

$7.08/hr to $11.21/hr depending on experience, etc. The $11.21 is at the top of the grade scale and I don't think any of our tellers actually make that much. I think most of them are in the $8-$9 range. We are located in Alabama, near Mobile.

Bear in mind that location has a large bearing on compensation. A teller in a small rural town would not probably not make nearly as much as a teller in or near a metropolitan area.

when i was a teller it was roughly 9.50 an hr... lexington, Ky market. which was barely enough to make it in this town.

WOW!!!! At the banks in my area, you are lucky to get $6.00 per hour with no experience, and that might be pushing the envelope.

Starting pay at my bank is $6.50 / hr for a teller w/o experience. We are located in a rural area in the midwest in a fairly small bank.

Pay range is $8.23- $10.29- $12.35.
Far Northern California

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WOW!!!! At the banks in my area, you are lucky to get $6.00 per hour with no experience, and that might be pushing the envelope.

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Just curious..
What does an average apartment cost out there, a starter home (not mobile)?

The cost of living in a particular area has great bearing on wages. I know if I move to the NY or Boston, I could find a similar job with a huge pay increase, but my rent would go way up. So, those of you who think you are underpaid, look for this info closer to home or use salaries.com when you put in where you are from. Don't get upset with the wages posted out here, you have people posting from Boston and then Wisconsin and Kentucky- there is no equity there.

Where I am from cost of living is high, not as high as NY or Boston, but it'd be tough to find a decent apartment for under $850 and starter homes are running about $180k.

180K for a starter home I wish! I was just looking at a position in The South Bay area CA and homes start at 500K

Okay, I just HAVE to throw my two cents in now. We just bought a 4000 square foot Victorian in pretty decent shape for $60,000. Rural, New York State.

I'm no longer jealous of your talk about wages.

The Median Price for homes in San Diego is now $400,000. Gas is $2.49 a gal. Milk is $3.89 per 1/2 qallon and we just heard it may have rocket fuel in it.

New Tellers are in the $16,000 - $18,000 range

avg. starter home 90M, avg rent 500-850 a month. gas was 1.79 this am. Lexington is the most expenisve city in KY. while louisville is bigger it's also a ton cheaper. when i was a teller i was getting aprox 9.50/hr, had 450.00 a month rent etc and didn't have cable and sometimes had to scrimp on groceries because it was a tight squeeze. Tellers who have our insurance for a family have to pay 400/month for just that... so i can't really see how they do make it at all.

This is a common dilemma for banks, especially with regard to tellers.

As other posters have commented, the prevailing wage depends on the standards in your community. I might suggest that you conduct a salary survey, either informally by someone in your bank, or by using outside consultants who conduct such surveys.

Be aware also that the statement that tellers are leaving because of wages may not be the whole story. For example, I had a client a couple of years ago that kept hearing from tellers in exit interviews that they were leaving because of hourly wages. However, I conducted an employee survey that pointed to other issues in the organization beyond wages. So, you may want to consider doing a broader employee opinion survey to better determine the true causes of teller turnover.

I transfered between cities in the organization that I work in. Come to find out the tellers in the town I came in were not getting the money the tellers were in the bigger city. I was getting 10 dollars an hour. I have been at the bank for 4 years. Come to find out tellers with no experience were starting out at 9.50 an hour in the bigger market. It took me 4 years to reach that at 50 cent annual raises. I took it to my boss and she told me that I would have to wait one year at my review and then she would give me at the least a dollar raise. I went and found work elsewhere in the city and am now making 12 dollars an hour as a teller supervisor at another bank. Can banks pay one area of tellers something different just because of the market size???

Sure. Supply and demand. One market may have willing, competent people who want to work for $9 cuz there's nothing much. Other markets may not have that much of a supply of competent willing bodies and they need to make the bait more attractive.

Rocket fuel in the milk? Send me some over- I need to get some fires started under some people butts around here.