Bank of America is the second-largest bank in the United States by total assets and the largest bank with a retail presence. Bank of America ranks in the top 10 banks in terms of market capitalization and assets, as well as by deposits, more than half of which are held domestically.
A career as a Bank Of America teller can be an exciting and rewarding experience. With this entry-level job, you’ll provide customers with assistance in managing their accounts and other services such as cashing checks, processing credit cards and loans, outstanding payments, accepting deposits and withdrawals, redeeming money orders, etc.
Salary for Bank of America tellers is competitive and is usually determined by your experience and other qualifications. The typical teller salary is $23,869 with the top 10% earning more than $39,049.
Teller Salary At Bank Of America Overview
With more than $2.7 trillion in assets, Bank of America is one of the largest banks in the world. In addition to providing financial services for businesses and consumers, it also offers employment opportunities for thousands of people across a wide range of occupations. Some careers at Bank of America include tellers and other customer service representatives, who are responsible for helping customers make deposits and withdrawals, process checks and other transactions, and provide information about new products or services.
The position of teller is one that requires a high level of customer service skills as well as knowledge about banking products and services. In addition to handling cash transactions, tellers must be able to answer questions about accounts and provide basic advice on how to use various tools offered by their employer (such as online banking). In some cases they may be required to perform other tasks such as balancing accounts or processing checks if necessary.
A teller’s salary at Bank Of America depends on several factors including experience level; however on average they earn between $10-$15 per hour depending on location.”
Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
How Much Does Bank of America Pay?
Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. Bank of America employees in different jobs earn different salaries. In engineering jobs, employees earn an average salary of $99,334. In marketing jobs, the average pay is $81,382. Due to variations in the cost of living, location influences how much Bank of America pays employees. Bank of America pays employees the most in New York, NY and Jersey City, NJ.
When you walk into a bank, whether it’s to deposit a check, withdraw money, or obtain a money order, the person there to help you is known as the bank teller. According to Indeed, a bank teller is a finance pro, but also a customer service expert. They work to ensure customers’ needs are met and questions are answered, and are additionally responsible for helping their customers manage their bank accounts and make sound financial decisions.
As a bank teller, your job is centered around money. According to The Balance Careers, you start your day counting the money in the drawers. As the day goes on, you’ll be handling deposits, withdrawals, checks, and cash. You will also likely work with foreign exchange and speciality money items like traveler’s checks, savings bonds, and money orders. If you are interested in becoming a bank teller, you likely have an interest in money and the way it works — so it makes sense that your own money-making potential is a big factor in the career you choose. If you do go the teller route, here’s what you can expect to make.
A bank teller’s salary can range depending on certain factors
According to The Balance Careers, how much you make as a bank teller can vary based on where you live, how much experience you have, and who you work for. Overall, the average bank teller can expect to earn about $32,620 a year, or $15.68 an hour. Those at the top of their game can earn over $40,000, with newer bank tellers earning closer to $25,000.
But according to Glassdoor, your base salary isn’t the only money you will earn as a bank teller. In fact, that $32,000 as your base pay may increase to $59,928 when you factor in other income sources like cash bonuses, commissions, and even profit sharing. But one of the biggest things that will dictate your pay is where you work. Wells Fargo is said to be the highest paid bank for a teller, per Glassdoor, offering about $20 an hour. Similar big-name companies are similar. Chase is said to pay about $17 an hour and Bank of America pays about $18 an hour. Does this sound like a salary you can work with? Here’s what it takes to become a bank teller.
How to become a bank teller
According to The Balance Careers, you technically only need a high school diploma to become a bank teller. But if you are hoping to advance in your career and make the higher end of the salary range, you may want to consider getting that college degree. If you do decide to go to college, consider studying something like finance, economics, or accounting. All of these degrees will help you advance from bank teller to assistant manager, loan officer, and more.
But while education isn’t a top priority for those considering working for a bank as a teller, your skills are. According to Monster, in order to succeed as a bank teller, you need to have strong customer service skills, as well as math, financial, and documentation skills. You must also have a good attention to detail, a high level of integrity, and the ability to relate to others, as a big part of your day is spent talking to customers.
