HOME COMPARE YOUR SALARY BROWSE SALARIES
Home
Browse Salaries
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles

Teller Average Salary in South Africa 2020

How much money does a Teller make in South Africa?


Average Monthly Salary
11,900 ZAR
( 143,000 ZAR yearly)

LOW
6,180
ZAR
AVERAGE
11,900
ZAR
HIGH
18,200
ZAR

A person working as a Teller in South Africa typically earns around 11,900 ZAR per month. Salaries range from 6,180 ZAR (lowest) to 18,200 ZAR (highest).

This is the average monthly salary including housing, transport, and other benefits. Teller salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Teller Salary Distribution in South Africa

Median and salary distribution monthly South Africa Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/median-and-salary-distribution-monthly-south-africa-teller.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Teller salaries in South Africa range from 6,180 ZAR per month (minimum salary) to 18,200 ZAR per month (maximum salary).

  • Median Salary

    The median salary is 11,400 ZAR per month, which means that half (50%) of people working as Teller(s) are earning less than 11,400 ZAR while the other half are earning more than 11,400 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Teller(s) are earning less than 7,920 ZAR while 75% of them are earning more than 7,920 ZAR. Also from the diagram, 75% of Teller(s) are earning less than 14,200 ZAR while 25% are earning more than 14,200 ZAR.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Teller Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly South Africa Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/salary-comparison-by-years-of-experience-monthly-south-africa-teller.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Teller salaries by experience level and this is what we found.

A Teller with less than two years of experience makes approximately 7,020 ZAR per month.

While someone with an experience level between two and five years is expected to earn 9,420 ZAR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 12,200 ZAR per month, 30% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Teller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,800 ZAR per month, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 16,200 ZAR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 17,000 ZAR per month, 5% more than people with fifteen to twenty years of experience.


Teller average salary change by experience in South Africa

0 - 2 Years
7,020 ZAR
2 - 5 Years+34%
9,420 ZAR
5 - 10 Years+30%
12,200 ZAR
10 - 15 Years+21%
14,800 ZAR
15 - 20 Years+9%
16,200 ZAR
20+ Years+5%
17,000 ZAR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Teller Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Teller(s) who have the same experience but different education levels.

Salary comparison by education level monthly South Africa Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/salary-comparison-by-education-level-monthly-south-africa-teller.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Teller salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Teller is 8,340 ZAR per month.

While someone with a Certificate or Diploma gets a salary of 11,900 ZAR per month, 43% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 16,500 ZAR per month, 38% more than someone with a Certificate or Diploma.


Teller average salary difference by education level in South Africa

High School
8,340 ZAR
Certificate or Diploma+43%
11,900 ZAR
Bachelor's Degree+38%
16,500 ZAR
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Teller Salary Comparison By Gender

Salary comparison by gender monthly South Africa Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/salary-comparison-by-gender-monthly-south-africa-teller.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Teller employees in South Africa earn 10% more than their female counterparts on average.

Female
11,400 ZAR
Male+10%
12,600 ZAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in South Africa for all Careers

Salary comparison by gender monthly South Africa
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/salary-comparison-by-gender-monthly-south-africa.jpg

Teller Average Annual Salary Increment Percentage in South Africa

How much are annual salary increments in South Africa for Teller(s)? How often do employees get salary raises?

Teller

Teller(s) in South Africa are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate South Africa Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/annual-salary-increment-rate-south-africa-teller.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

South Africa / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in South Africa is 5%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in South Africa for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Teller Bonus and Incentive Rates in South Africa

How much and how often are bonuses being awarded?Annual Salary Bonus Rate South Africa Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/annual-salary-bonus-rate-south-africa-teller.jpg

A Teller is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
26%
No Bonus
74%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly South Africa
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/public-vs-private-sector-salaries-monthly-south-africa.jpg

Where can you get paid more, working for a private company or for the government? Public sector employees in South Africa earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
30,300 ZAR
Public Sector+7%
32,300 ZAR
Percentage increase and decrease are relative to the previous value

Teller Average Hourly Wage in South Africa


69 ZAR per hour

The average hourly wage (pay per hour) in South Africa is 69 ZAR. This means that the average Teller in South Africa earns approximately 69 ZAR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Teller VS Other Jobs

Salary Comparison Between Teller and Banking monthly South Africa
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/south-africa/banking/teller/salary-comparison-between-teller-and-banking-monthly-south-africa.jpg

The average salary for Teller is 65% less than that of Banking. Also, Banking salaries are 10% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst52,200 ZAR+340%
Assistant Bank Branch Manager44,900 ZAR+280%
Assistant Bank Manager58,900 ZAR+400%
ATM Manager49,800 ZAR+320%
ATM Service Technician13,700 ZAR+15%
Bank Accounts Analyst18,600 ZAR+56%
Bank Accounts Controller25,300 ZAR+110%
Bank Accounts Executive37,600 ZAR+220%
Bank Accounts Manager43,600 ZAR+270%
Bank Auditing Manager44,300 ZAR+270%
Bank Branch Manager61,200 ZAR+410%
Bank Clerk10,700 ZAR-10%
Bank Compliance Specialist29,300 ZAR+150%
Bank Manager69,500 ZAR+480%
Bank Operational Risk Manager68,500 ZAR+480%
Bank Operations Head70,900 ZAR+500%
Bank Operations Officer28,100 ZAR+140%
Bank Operations Specialist43,500 ZAR+270%
Bank Process Manager38,700 ZAR+230%
Bank Product Manager 45,100 ZAR+280%
Bank Programme Manager49,000 ZAR+310%
Bank Project Manager53,700 ZAR+350%
Bank Propositions Manager48,600 ZAR+310%
Bank Quantitative Analyst35,500 ZAR+200%
Bank Regional Manager69,300 ZAR+480%
Bank Regional Risk Officer34,500 ZAR+190%
Bank Relationship Manager50,800 ZAR+330%
Bank Relationship Officer22,600 ZAR+90%
Banker24,700 ZAR+110%
Banking Business Analyst36,300 ZAR+210%
Banking Business Development Officer21,300 ZAR+79%
Banking Business Planning Executive49,100 ZAR+310%
Banking Product Manager44,800 ZAR+280%
Banking Reference Data Manager40,700 ZAR+240%
Banking Risk Analyst35,600 ZAR+200%
Banking Technical Analyst18,900 ZAR+59%
Bankruptcy Coordinator25,900 ZAR+120%
Budget Analyst37,100 ZAR+210%
Cards Marketing Manager43,800 ZAR+270%
Cash Management Manager59,600 ZAR+400%
Check Processing Manager44,100 ZAR+270%
Commercial Vault Associate33,900 ZAR+190%
Corporate Dealer35,700 ZAR+200%
Credit Analyst26,600 ZAR+120%
Credit and Collections Manager46,200 ZAR+290%
Credit Card Fraud Investigator35,400 ZAR+200%
Credit Portfolio Manager67,700 ZAR+470%
Credit Risk Analyst39,900 ZAR+240%
Credit Risk Associate38,400 ZAR+220%
Direct Bank Sales Representative24,300 ZAR+100%
Financial Bank Planning Consultant43,800 ZAR+270%
Financial Banking Analysis Manager50,600 ZAR+330%
Financial Banking Assistant16,400 ZAR+38%
Financial Banking Systems Manager46,900 ZAR+290%
Foreign Exchange Manager50,300 ZAR+320%
Fraud Analyst38,600 ZAR+220%
Fraud Detection Associate24,900 ZAR+110%
Fraud Detection Manager56,800 ZAR+380%
Fraud Detection Supervisor30,100 ZAR+150%
Internal Bank Audit Manager63,000 ZAR+430%
Internal Bank Auditor33,500 ZAR+180%
International Banking Manager70,900 ZAR+500%
Loan Analyst35,600 ZAR+200%
Loan Area Manager43,700 ZAR+270%
Loan Audit Team Leader40,900 ZAR+240%
Loan Branch Manager40,500 ZAR+240%
Loan Business Development Officer21,900 ZAR+84%
Loan Clerk12,800 ZAR+8%
Loan Collection Manager43,300 ZAR+260%
Loan Collector11,800 ZAR-1%
Loan Examiner15,800 ZAR+33%
Loan Processing Manager39,100 ZAR+230%
Loan Processor16,300 ZAR+37%
Loan Quality Assurance Auditor36,800 ZAR+210%
Loan Quality Assurance Manager40,900 ZAR+240%
Loan Quality Assurance Representative27,300 ZAR+130%
Loan Review Manager41,300 ZAR+250%
Loan Team Leader36,900 ZAR+210%
Mortgage Advisor25,400 ZAR+110%
Mortgage Collection Manager42,900 ZAR+260%
Mortgage Collector12,000 ZAR+1%
Mortgage Credit Analyst19,500 ZAR+64%
Mortgage Credit Manager41,000 ZAR+240%
Mortgage Development Manager47,000 ZAR+300%
Mortgage Document Reviewer16,000 ZAR+35%
Mortgage Funding Manager47,600 ZAR+300%
Mortgage Operations Manager64,000 ZAR+440%
Mortgage Payment Processing Clerk14,100 ZAR+19%
Mortgage Processing Manager42,200 ZAR+250%
Mortgage Processor16,600 ZAR+40%
Mortgage Quality Assurance Auditor36,600 ZAR+210%
Mortgage Quality Assurance Manager41,900 ZAR+250%
Mortgage Servicing Clerk12,800 ZAR+8%
Mortgage Servicing Manager40,800 ZAR+240%
Mortgage Underwriter15,700 ZAR+32%
Online Banking Manager60,300 ZAR+410%
Payment Processing Clerk12,300 ZAR+3%
Personal Banker25,400 ZAR+110%
Personal Banking Advisor 25,200 ZAR+110%
Phone Banker16,600 ZAR+40%
Private Banker25,100 ZAR+110%
Reconciliation and Investigation Specialist30,300 ZAR+150%
Teller11,900 ZAR+0%
Trade Officer15,100 ZAR+27%
Trade Product Manager43,400 ZAR+270%
Trader18,200 ZAR+53%
Treasury Operations Officer30,100 ZAR+150%

Salary Comparison By City

CityAverage Salary
Bloemfontein11,500 ZAR
Cape Town13,500 ZAR
Durban13,200 ZAR
Johannesburg11,800 ZAR
Port Elizabeth12,000 ZAR
Pretoria11,900 ZAR
10367 - 4

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020