A person working as Teller in South Africa typically earns around 11,900 ZAR. Salaries range from 6,180 ZAR (lowest) to 18,200 ZAR (highest).
This is the average salary including housing, transport, and other benefits. Teller salaries in South Africa vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 6,180 ZAR |
Median 10,800 ZAR |
Maximum 18,200 ZAR |
Salaries for the position Teller in South Africa range from 6,180 ZAR (starting salary) to 18,200 ZAR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 10,800 ZAR, half of the professionals who work as Teller in South Africa earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Teller in South Africa earn less than 8,970 ZAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 12,300 ZAR while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Teller in South Africa compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 7,000 ZAR to 9,590 ZAR. About 20% of salaries are below the 7,000 ZAR mark, while 10% fall within the range of 9,590 ZAR to 10,800 ZAR. Only 5% of individuals have salaries exceeding 10,800 ZAR.
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 |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Teller and this is what we found.
Employees with less than two years of experience earn approximately 7,020 ZAR.
While someone with an experience level between two and five years is expected to earn 9,420 ZAR, 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, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,800 ZAR, 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, 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, 5% more than people with fifteen to twenty years of experience.
High School | 8,340 ZAR | |
Certificate or Diploma | +43% | 11,900 ZAR |
Bachelor's Degree | +38% | 16,500 ZAR |
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 salaries by education level for the position Teller in order to make a comparison.
Employees at this education level have an average salary of 8,340 ZAR.
At this level, the average salary becomes 11,900 ZAR, 43% more than the previous level.
At this level, the average salary becomes 16,500 ZAR, 38% more than the previous level.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Teller in South Africa, the average difference between the salary of male and female employees is 8%.
Male | 12,400 ZAR | |
Female | -7% | 11,500 ZAR |
Individuals working as Teller 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.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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.
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
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
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% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
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.
The main two types of jobs | |
Revenue Generators | Supporting 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: | Example: |
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.
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.
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 fixed 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.
The minimum pay rate per hour for people working as Teller in South Africa is 36 ZAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Banking | -100% | |
AML Analyst | 52,200 ZAR | +340% |
Assistant Bank Branch Manager | 44,900 ZAR | +280% |
Assistant Bank Manager | 58,900 ZAR | +400% |
ATM Manager | 49,800 ZAR | +320% |
ATM Service Technician | 13,700 ZAR | +15% |
Bank Accounts Analyst | 18,600 ZAR | +56% |
Bank Accounts Collector | 11,400 ZAR | -4% |
Bank Accounts Controller | 25,300 ZAR | +110% |
Bank Accounts Executive | 37,600 ZAR | +220% |
Bank Accounts Manager | 43,600 ZAR | +270% |
Bank Auditing Manager | 44,300 ZAR | +270% |
Bank Branch Manager | 61,200 ZAR | +410% |
Bank Branch Operations Coordinator | 26,900 ZAR | +130% |
Bank Clerk | 10,700 ZAR | -10% |
Bank Client Service Associate | 16,300 ZAR | +37% |
Bank Collector | 12,200 ZAR | +3% |
Bank Compliance Specialist | 29,300 ZAR | +150% |
Bank Manager | 69,500 ZAR | +480% |
Bank Operational Risk Manager | 68,500 ZAR | +480% |
Bank Operations Head | 70,900 ZAR | +500% |
Bank Operations Officer | 28,100 ZAR | +140% |
Bank Operations Specialist | 43,500 ZAR | +270% |
Bank Process Manager | 38,700 ZAR | +230% |
Bank Product Manager | 45,100 ZAR | +280% |
Bank Programme Manager | 49,000 ZAR | +310% |
Bank Project Manager | 53,700 ZAR | +350% |
Bank Propositions Manager | 48,600 ZAR | +310% |
Bank Quantitative Analyst | 35,500 ZAR | +200% |
Bank Regional Manager | 69,300 ZAR | +480% |
Bank Regional Risk Officer | 34,500 ZAR | +190% |
Bank Relationship Manager | 50,800 ZAR | +330% |
Bank Relationship Officer | 22,600 ZAR | +90% |
Bank Sustainability Analyst | 38,700 ZAR | +230% |
Bank Teller | 11,600 ZAR | -2% |
Banker | 24,700 ZAR | +110% |
Banking Business Analyst | 36,300 ZAR | +210% |
Banking Business Development Officer | 21,300 ZAR | +79% |
Banking Business Planning Executive | 49,100 ZAR | +310% |
Banking Data Analyst | 39,800 ZAR | +230% |
Banking Product Manager | 44,800 ZAR | +280% |
Banking Reference Data Manager | 40,700 ZAR | +240% |
Banking Regulatory Compliance Officer | 40,900 ZAR | +240% |
Banking Risk Analyst | 35,600 ZAR | +200% |
Banking Technical Analyst | 18,900 ZAR | +59% |
Bankruptcy Coordinator | 25,900 ZAR | +120% |
Bill and Account Collector | 12,400 ZAR | +4% |
Blockchain Analyst | 30,000 ZAR | +150% |
Blockchain Architect | 34,900 ZAR | +190% |
Blockchain Auditor | 31,000 ZAR | +160% |
Blockchain Compliance Analyst | 32,000 ZAR | +170% |
Blockchain Consultant | 33,600 ZAR | +180% |
Blockchain Trade Facilitator | 29,200 ZAR | +150% |
Budget Analyst | 37,100 ZAR | +210% |
Capital Risk Manager | 66,000 ZAR | +460% |
Cards Marketing Manager | 43,800 ZAR | +270% |
Cash Management Manager | 59,600 ZAR | +400% |
Check Processing Manager | 44,100 ZAR | +270% |
Chief Blockchain Officer | 41,100 ZAR | +250% |
Commercial Vault Associate | 33,900 ZAR | +190% |
Corporate Banker | 24,600 ZAR | +110% |
Corporate Dealer | 35,700 ZAR | +200% |
Credit Analyst | 26,600 ZAR | +120% |
Credit and Collections Manager | 46,200 ZAR | +290% |
Credit Card Fraud Investigator | 35,400 ZAR | +200% |
Credit Portfolio Manager | 67,700 ZAR | +470% |
Credit Risk Analyst | 39,900 ZAR | +240% |
Credit Risk Associate | 38,400 ZAR | +220% |
Cryptocurrency Accountant | 23,200 ZAR | +95% |
Cryptocurrency Adviser | 45,000 ZAR | +280% |
Cryptocurrency Analyst | 33,800 ZAR | +180% |
Cryptocurrency Compliance Manager | 42,000 ZAR | +250% |
Cryptocurrency Trader | 37,600 ZAR | +220% |
Digital Banking Manager | 46,300 ZAR | +290% |
Digital Currency Analyst | 34,100 ZAR | +190% |
Direct Bank Sales Representative | 24,300 ZAR | +100% |
Exchange Control Consultant | 36,700 ZAR | +210% |
Executive Account Analyst | 34,500 ZAR | +190% |
Financial Bank Planning Consultant | 43,800 ZAR | +270% |
Financial Banking Analysis Manager | 50,600 ZAR | +330% |
Financial Banking Assistant | 16,400 ZAR | +38% |
Financial Banking Systems Manager | 46,900 ZAR | +290% |
Foreign Exchange Manager | 50,300 ZAR | +320% |
Fraud Analyst | 38,600 ZAR | +220% |
Fraud Detection Associate | 24,900 ZAR | +110% |
Fraud Detection Manager | 56,800 ZAR | +380% |
Fraud Detection Supervisor | 30,100 ZAR | +150% |
Internal Bank Audit Manager | 63,000 ZAR | +430% |
Internal Bank Auditor | 33,500 ZAR | +180% |
Internal Private Banker | 25,500 ZAR | +110% |
International Banking Manager | 70,900 ZAR | +500% |
Investment Banking Analyst | 49,500 ZAR | +320% |
Loan Analyst | 35,600 ZAR | +200% |
Loan Area Manager | 43,700 ZAR | +270% |
Loan Audit Team Leader | 40,900 ZAR | +240% |
Loan Branch Manager | 40,500 ZAR | +240% |
Loan Business Development Officer | 21,900 ZAR | +84% |
Loan Clerk | 12,800 ZAR | +8% |
Loan Collection and Recovery Manager | 43,400 ZAR | +270% |
Loan Collection Manager | 43,400 ZAR | +270% |
Loan Collector | 11,800 ZAR | -1% |
Loan Examiner | 15,800 ZAR | +33% |
Loan Officer | 13,300 ZAR | +12% |
Loan Processing Manager | 39,100 ZAR | +230% |
Loan Processor | 16,300 ZAR | +37% |
Loan Quality Assurance Auditor | 36,800 ZAR | +210% |
Loan Quality Assurance Manager | 40,900 ZAR | +240% |
Loan Quality Assurance Representative | 27,300 ZAR | +130% |
Loan Review Manager | 41,300 ZAR | +250% |
Loan Team Leader | 36,900 ZAR | +210% |
Loans Manager | 46,700 ZAR | +290% |
Mortgage Advisor | 25,400 ZAR | +110% |
Mortgage Collection Manager | 42,900 ZAR | +260% |
Mortgage Collector | 12,000 ZAR | +1% |
Mortgage Credit Analyst | 19,500 ZAR | +64% |
Mortgage Credit Manager | 41,000 ZAR | +240% |
Mortgage Development Manager | 47,000 ZAR | +300% |
Mortgage Document Reviewer | 16,000 ZAR | +35% |
Mortgage Funding Manager | 47,600 ZAR | +300% |
Mortgage Operations Manager | 64,000 ZAR | +440% |
Mortgage Payment Processing Clerk | 14,100 ZAR | +19% |
Mortgage Processing Manager | 42,200 ZAR | +250% |
Mortgage Processor | 16,600 ZAR | +40% |
Mortgage Quality Assurance Auditor | 36,600 ZAR | +210% |
Mortgage Quality Assurance Manager | 41,900 ZAR | +250% |
Mortgage Servicing Clerk | 12,800 ZAR | +8% |
Mortgage Servicing Manager | 40,800 ZAR | +240% |
Mortgage Underwriter | 15,700 ZAR | +32% |
Online Banking Manager | 60,300 ZAR | +410% |
Open Banking Strategist | 35,800 ZAR | +200% |
Payment Processing Clerk | 12,300 ZAR | +3% |
Personal Banker | 25,400 ZAR | +110% |
Personal Banking Advisor | 25,200 ZAR | +110% |
Phone Banker | 16,600 ZAR | +40% |
Private Banker | 25,100 ZAR | +110% |
Reconciliation and Investigation Specialist | 30,300 ZAR | +150% |
Tax Officer | 21,000 ZAR | +77% |
Teller | 11,900 ZAR | +0% |
Trade Officer | 15,100 ZAR | +27% |
Trade Product Manager | 43,400 ZAR | +270% |
Trader | 18,200 ZAR | +53% |
Treasury Operations Officer | 30,100 ZAR | +150% |
Wealth Management Advisor | 51,300 ZAR | +330% |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in South Africa is 7% on average across all career fields.
Private Sector | 30,400 ZAR | |
Public Sector | +7% | 32,400 ZAR |
A good and competitive compensation would range anywhere between 10,800 ZAR and 12,300 ZAR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Teller in South Africa ranges from 6,180 ZAR to 8,970 ZAR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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