Head Teller salary in Iceland

Average Yearly Salary of Head Teller in Iceland is approximately 6,389,121 ISK (44,794 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 Head Teller do?

A head teller is a senior-level position in a bank or financial institution responsible for overseeing the daily operations of the teller line. They manage a team of tellers, ensuring efficient and accurate processing of customer transactions such as deposits, withdrawals, and check cashing. The head teller is also responsible for balancing cash drawers, maintaining adequate levels of cash and coin supplies, and resolving any discrepancies or errors. They provide guidance and training to tellers, ensuring compliance with banking regulations and customer service standards. Additionally, head tellers may handle more complex transactions or assist with customer inquiries or complaints. This role requires strong leadership skills, attention to detail, and excellent customer service abilities.

Skills: Head teller, Bank operations, Teller supervision, Cash management, Customer service, Banking regulations
Job industry: Banking

How much does Head Teller make?

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


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Salary comparison to National average

Is Head Teller a well paid job?

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

What is considered a high salary for Head Teller?

High salary for Head Teller would be somewhere between 7,028,033 ISK and 9,264,225 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Head Teller 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: 6,389,121 ISK
Estimated Monthly Salary: 532,427 ISK
Estimated Weekly Salary: 122,868 ISK per week
Estimated Hourly Salary: 3,072 ISK per hour
By working as Head Teller a person can save up to 1,004 USD per month or 12,048 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 Head Teller

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.

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Data as of 2025

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