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Teller Average Salary in Canada 2024

How much money does a person working as 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
All salary figures displayed here are per year except when noted otherwise.
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.

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


Salary Variance

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



Teller Pay Scale and Salaries in Canada

Median and salary distribution Canada Teller yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
42,000 CAD or more
10% of people earn
37,500 to 42,000 CAD
20% of people earn
27,600 CAD or less
65% of people earn
27,600 to 37,500 CAD
Minimum Salary
24,800 CAD
Median
42,100 CAD
Maximum
71,000 CAD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Teller in Canada range from 24,800 CAD (starting salary) to 71,000 CAD (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.

  • Median Salary

    With a median salary of 42,100 CAD, half of the professionals who work as Teller in Canada 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.

  • Percentiles and Salary Scale

    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 Canada earn less than 35,100 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 47,700 CAD while 25% earn more.

  • Pay Scale Structure

    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 Canada compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 27,600 CAD to 37,500 CAD. About 20% of salaries are below the 27,600 CAD mark, while 10% fall within the range of 37,500 CAD to 42,000 CAD. Only 5% of individuals have salaries exceeding 42,000 CAD.

Salary Comparison by Years of Experience / Teller / Canada

How do experience and age affect pay?

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
Salary comparison by years of experience yearly Canada Teller
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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.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 28,500 CAD.

While someone with an experience level between two and five years is expected to earn 34,900 CAD, 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, 42% 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 57,800 CAD, 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, 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, 6% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Teller / Canada

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Teller.

High School
34,900 CAD
Certificate or Diploma+40%
48,800 CAD
Bachelor's Degree+42%
69,200 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Canada Teller
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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.


Level 1: High School

Employees at this education level have an average salary of 34,900 CAD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 48,800 CAD, 40% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 69,200 CAD, 42% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Teller / Canada

Salary comparison by gender Canada Teller yearly
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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 Canada, the average difference between the salary of male and female employees is 5%.

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
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Average Annual Salary Increment Percentage / Teller / Canada

How much are annual salary increments in Canada for individuals working as Teller? How often do employees get salary raises?

Individuals working as Teller 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
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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

Annual Salary Increment Rate Canada
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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.

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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

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.



Bonus and Incentive Rates / Teller / Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Teller
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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.

Average Hourly Wage / Teller / Canada


22 CAD per hour

The average hourly wage (pay per hour) for individuals working as Teller in Canada is 22 CAD.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Teller in Canada is 12 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
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 Collector43,200 CAD-8%
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 Branch Operations Coordinator92,500 CAD+98%
Bank Clerk41,500 CAD-11%
Bank Client Service Associate55,700 CAD+19%
Bank Collector42,500 CAD-9%
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%
Bank Sustainability Analyst151,000 CAD+220%
Bank Teller46,200 CAD-1%
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 Data Analyst146,000 CAD+210%
Banking Product Manager159,000 CAD+240%
Banking Reference Data Manager142,000 CAD+200%
Banking Regulatory Compliance Officer155,000 CAD+230%
Banking Risk Analyst133,000 CAD+180%
Banking Technical Analyst73,400 CAD+57%
Bankruptcy Coordinator98,100 CAD+110%
Bill and Account Collector46,300 CAD-1%
Blockchain Analyst113,000 CAD+140%
Blockchain Architect137,000 CAD+190%
Blockchain Auditor114,000 CAD+140%
Blockchain Compliance Analyst122,000 CAD+160%
Blockchain Consultant120,000 CAD+160%
Blockchain Trade Facilitator114,000 CAD+140%
Budget Analyst132,000 CAD+180%
Capital Risk Manager250,000 CAD+440%
Cards Marketing Manager168,000 CAD+260%
Cash Management Manager237,000 CAD+410%
Check Processing Manager165,000 CAD+250%
Chief Blockchain Officer148,000 CAD+220%
Commercial Vault Associate135,000 CAD+190%
Corporate Banker97,900 CAD+110%
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%
Cryptocurrency Accountant84,700 CAD+81%
Cryptocurrency Adviser171,000 CAD+270%
Cryptocurrency Analyst120,000 CAD+160%
Cryptocurrency Compliance Manager155,000 CAD+230%
Cryptocurrency Trader131,000 CAD+180%
Digital Banking Manager179,000 CAD+280%
Digital Currency Analyst130,000 CAD+180%
Direct Bank Sales Representative92,900 CAD+99%
Exchange Control Consultant138,000 CAD+200%
Executive Account Analyst130,000 CAD+180%
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%
Internal Private Banker91,200 CAD+95%
International Banking Manager273,000 CAD+480%
Investment Banking Analyst189,000 CAD+300%
Loan Analyst125,000 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 and Recovery Manager159,000 CAD+240%
Loan Collection Manager153,000 CAD+230%
Loan Collector45,100 CAD-3%
Loan Examiner56,600 CAD+21%
Loan Officer49,700 CAD+6%
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%
Loans Manager179,000 CAD+280%
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%
Open Banking Strategist136,000 CAD+190%
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%
Tax Officer80,300 CAD+72%
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%
Wealth Management Advisor201,000 CAD+330%

Salary Comparison By City

CityAverage Salary
Montreal47,600 CAD
Toronto47,400 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
Saskatchewan45,300 CAD
Yukon38,600 CAD

Government vs Private Sector Salary Comparison

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 Canada is 4% on average across all career fields.

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

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Teller in Canada?

A good and competitive compensation would range anywhere between 42,100 CAD and 47,700 CAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

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.

Base / Basic Salary

The base salary for a careers like Teller in Canada ranges from 24,800 CAD to 35,100 CAD. 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.


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

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


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