HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Teller Average Salary in Canada 2020

How much money does a Teller make in Canada?


Average Yearly Salary
46,700 CAD
( 3,890 CAD monthly)

LOW
24,800
CAD
AVERAGE
46,700
CAD
HIGH
71,000
CAD

A person working as a Teller in Canada typically earns around 46,700 CAD per year. Salaries range from 24,800 CAD (lowest) to 71,000 CAD (highest).

This is the average yearly 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 Canada

Median and salary distribution yearly Canada Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/teller/median-and-salary-distribution-yearly-canada-teller.jpg

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

  • Salary Range

    Teller salaries in Canada range from 24,800 CAD per year (minimum salary) to 71,000 CAD per year (maximum salary).

  • Median Salary

    The median salary is 43,900 CAD per year, which means that half (50%) of people working as Teller(s) are earning less than 43,900 CAD while the other half are earning more than 43,900 CAD. 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 30,900 CAD while 75% of them are earning more than 30,900 CAD. Also from the diagram, 75% of Teller(s) are earning less than 54,000 CAD while 25% are earning more than 54,000 CAD.


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 yearly Canada Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/teller/salary-comparison-by-years-of-experience-yearly-canada-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 28,500 CAD per year.

While someone with an experience level between two and five years is expected to earn 34,900 CAD per year, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 49,500 CAD per year, 42% 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 57,800 CAD per year, 17% 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 63,600 CAD per year, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 67,300 CAD per year, 6% more than people with fifteen to twenty years of experience.


Teller average salary change by experience in Canada

0 - 2 Years
28,500 CAD
2 - 5 Years+23%
34,900 CAD
5 - 10 Years+42%
49,500 CAD
10 - 15 Years+17%
57,800 CAD
15 - 20 Years+10%
63,600 CAD
20+ Years+6%
67,300 CAD
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 yearly Canada Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/teller/salary-comparison-by-education-level-yearly-canada-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 34,900 CAD per year.

While someone with a Certificate or Diploma gets a salary of 48,800 CAD per year, 40% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 69,100 CAD per year, 42% more than someone with a Certificate or Diploma.


Teller average salary difference by education level in Canada

High School
34,900 CAD
Certificate or Diploma+40%
48,800 CAD
Bachelor's Degree+42%
69,100 CAD
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 yearly Canada Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/teller/salary-comparison-by-gender-yearly-canada-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 Canada earn 5% more than their female counterparts on average.

Male
47,800 CAD
Female-5%
45,500 CAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Canada for all Careers

Salary comparison by gender yearly Canada
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/salary-comparison-by-gender-yearly-canada.jpg

Teller Average Annual Salary Increment Percentage in Canada

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

Teller

Teller(s) in Canada are likely to observe a salary increase of approximately 12% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Teller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/teller/annual-salary-increment-rate-canada-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.

Canada / 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 Canada is 7%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Canada 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 Canada

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

72% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 28% 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
28%
No Bonus
72%

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.

Teller Average Hourly Wage in Canada


22 CAD per hour

The average hourly wage (pay per hour) in Canada is 22 CAD. This means that the average Teller in Canada earns approximately 22 CAD 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 yearly Canada
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/banking/teller/salary-comparison-between-teller-and-banking-yearly-canada.jpg

The average salary for Teller is 64% less than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst187,000 CAD+300%
Assistant Bank Branch Manager154,000 CAD+230%
Assistant Bank Manager218,000 CAD+370%
ATM Manager174,000 CAD+270%
ATM Service Technician49,700 CAD+6%
Bank Accounts Analyst71,200 CAD+52%
Bank Accounts Controller92,900 CAD+99%
Bank Accounts Executive130,000 CAD+180%
Bank Accounts Manager156,000 CAD+230%
Bank Auditing Manager150,000 CAD+220%
Bank Branch Manager224,000 CAD+380%
Bank Clerk41,500 CAD-11%
Bank Compliance Specialist118,000 CAD+150%
Bank Manager245,000 CAD+420%
Bank Operational Risk Manager242,000 CAD+420%
Bank Operations Head256,000 CAD+450%
Bank Operations Officer102,000 CAD+120%
Bank Operations Specialist159,000 CAD+240%
Bank Process Manager148,000 CAD+220%
Bank Product Manager 169,000 CAD+260%
Bank Programme Manager168,000 CAD+260%
Bank Project Manager203,000 CAD+330%
Bank Propositions Manager181,000 CAD+290%
Bank Quantitative Analyst121,000 CAD+160%
Bank Regional Manager253,000 CAD+440%
Bank Regional Risk Officer130,000 CAD+180%
Bank Relationship Manager193,000 CAD+310%
Bank Relationship Officer86,100 CAD+84%
Banker91,800 CAD+97%
Banking Business Analyst134,000 CAD+190%
Banking Business Development Officer81,800 CAD+75%
Banking Business Planning Executive195,000 CAD+320%
Banking Product Manager159,000 CAD+240%
Banking Reference Data Manager142,000 CAD+200%
Banking Risk Analyst133,000 CAD+180%
Banking Technical Analyst73,400 CAD+57%
Bankruptcy Coordinator98,100 CAD+110%
Budget Analyst132,000 CAD+180%
Cards Marketing Manager168,000 CAD+260%
Cash Management Manager237,000 CAD+410%
Check Processing Manager165,000 CAD+250%
Commercial Vault Associate135,000 CAD+190%
Corporate Dealer143,000 CAD+210%
Credit Analyst100,000 CAD+110%
Credit and Collections Manager181,000 CAD+290%
Credit Card Fraud Investigator130,000 CAD+180%
Credit Portfolio Manager242,000 CAD+420%
Credit Risk Analyst144,000 CAD+210%
Credit Risk Associate138,000 CAD+200%
Direct Bank Sales Representative92,900 CAD+99%
Financial Bank Planning Consultant165,000 CAD+250%
Financial Banking Analysis Manager188,000 CAD+300%
Financial Banking Assistant63,400 CAD+36%
Financial Banking Systems Manager188,000 CAD+300%
Foreign Exchange Manager189,000 CAD+300%
Fraud Analyst143,000 CAD+210%
Fraud Detection Associate97,300 CAD+110%
Fraud Detection Manager202,000 CAD+330%
Fraud Detection Supervisor110,000 CAD+140%
Internal Bank Audit Manager248,000 CAD+430%
Internal Bank Auditor124,000 CAD+170%
International Banking Manager273,000 CAD+480%
Loan Analyst124,000 CAD+170%
Loan Area Manager163,000 CAD+250%
Loan Audit Team Leader152,000 CAD+230%
Loan Branch Manager142,000 CAD+200%
Loan Business Development Officer79,500 CAD+70%
Loan Clerk48,200 CAD+3%
Loan Collection Manager153,000 CAD+230%
Loan Collector45,100 CAD-3%
Loan Examiner56,600 CAD+21%
Loan Processing Manager145,000 CAD+210%
Loan Processor56,900 CAD+22%
Loan Quality Assurance Auditor133,000 CAD+180%
Loan Quality Assurance Manager154,000 CAD+230%
Loan Quality Assurance Representative96,200 CAD+110%
Loan Review Manager151,000 CAD+220%
Loan Team Leader140,000 CAD+200%
Mortgage Advisor90,500 CAD+94%
Mortgage Collection Manager159,000 CAD+240%
Mortgage Collector41,600 CAD-11%
Mortgage Credit Analyst70,200 CAD+50%
Mortgage Credit Manager153,000 CAD+230%
Mortgage Development Manager165,000 CAD+250%
Mortgage Document Reviewer58,400 CAD+25%
Mortgage Funding Manager163,000 CAD+250%
Mortgage Operations Manager238,000 CAD+410%
Mortgage Payment Processing Clerk49,400 CAD+6%
Mortgage Processing Manager150,000 CAD+220%
Mortgage Processor61,100 CAD+31%
Mortgage Quality Assurance Auditor133,000 CAD+180%
Mortgage Quality Assurance Manager143,000 CAD+210%
Mortgage Servicing Clerk44,300 CAD-5%
Mortgage Servicing Manager146,000 CAD+210%
Mortgage Underwriter55,500 CAD+19%
Online Banking Manager241,000 CAD+420%
Payment Processing Clerk46,100 CAD-1%
Personal Banker92,200 CAD+97%
Personal Banking Advisor 96,400 CAD+110%
Phone Banker65,500 CAD+40%
Private Banker97,700 CAD+110%
Reconciliation and Investigation Specialist107,000 CAD+130%
Teller46,700 CAD-0%
Trade Officer52,900 CAD+13%
Trade Product Manager158,000 CAD+240%
Trader61,900 CAD+33%
Treasury Operations Officer116,000 CAD+150%

Salary Comparison By City

CityAverage Salary
Brampton43,300 CAD
Calgary46,900 CAD
Edmonton47,700 CAD
Gatineau43,900 CAD
Halifax43,500 CAD
Hamilton47,100 CAD
Kitchener43,700 CAD
Markham44,300 CAD
Mississauga47,300 CAD
Montreal47,600 CAD
Ottawa46,500 CAD
Quebec45,700 CAD
Regina39,100 CAD
Richmond41,000 CAD
Saskatoon42,600 CAD
Surrey42,800 CAD
Toronto47,400 CAD
Vancouver50,300 CAD
Vaughan44,500 CAD
Windsor40,900 CAD
Winnipeg46,300 CAD

Salary Comparison By State

StateAverage Salary
Alberta50,300 CAD
British Columbia49,900 CAD
Manitoba46,000 CAD
New Brunswick43,100 CAD
Newfoundland-Labrador43,200 CAD
Northwest Territories44,500 CAD
Nova Scotia43,000 CAD
Nunavut48,700 CAD
Ontario53,800 CAD
Prince Edward Island38,600 CAD
Quebec50,400 CAD
Saskatchewan45,200 CAD
Yukon38,600 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.

Private Sector
117,000 CAD
Public Sector+4%
122,000 CAD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020