Banking Teller Vault salary in Iceland

Average Yearly Salary of Banking Teller Vault in Iceland is approximately 6,071,783 ISK (42,179 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Banking Teller Vault do?

A banking teller vault occupation involves managing and securing the cash and valuables within a bank's vault. Teller vaults are highly secure areas where large amounts of money, important documents, and other valuable items are stored. The primary responsibility of a banking teller vault employee is to accurately count, sort, and organize cash deposits and withdrawals. They also ensure that all transactions are properly recorded and balanced at the end of each day. Additionally, they may assist customers with safe deposit box access and provide support to tellers on the front line. Attention to detail, strong organizational skills, and a high level of integrity are essential for this role.

Skills: banking, teller, vault, cash management, security, customer service
Job industry: Finance

How much does Banking Teller Vault make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Banking Teller Vault a well paid job?

No, our data shows that Banking Teller Vault is typically not a well-paid job. The salary varies based on experience. Meaning that even though Banking Teller Vault might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Banking Teller Vault?

High salary for Banking Teller Vault would be somewhere between 6,678,961 ISK and 8,804,085 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banking Teller Vault in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,071,783 ISK
Estimated Monthly Salary: 505,982 ISK
Estimated Weekly Salary: 116,765 ISK per week
Estimated Hourly Salary: 2,919 ISK per hour
By working as Banking Teller Vault a person can save up to 786 USD per month or 9,433 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Banking Teller Vault

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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