Bank tellers are essential employees that most people associate with their bank of choice. Bank tellers deal with customers on a daily basis performing a variety of money handling procedures. Millions of people around the U.S. use banks to manage their money and financial needs. Learn how to become a bank teller and what the average bank teller salary is now!
What does a bank teller do?
Bank tellers are responsible for dealing with most routine customer transactions. They accept deposits, process withdrawals, accept payments, cash checks, process cash advances, and process savings bonds purchases or redemptions. They issue negotiable items such as traveler’s checks, cashier’s checks, Federal Draft issuances, and money orders. They also resolve customer issues, refer customers to other departments, and order any products a customer may request such as deposit slips or checks. Bank tellers often promote other services that the bank offers such as mortgages, loans, and certificates of deposits. They are also responsible for ensuring their cash drawers are balanced by verifying the amount of money with their supervisor at the start of their shift and then doubling checking all of the transactions at the end of the shift. Bank tellers are also involved in balancing the banks vault.
Bank tellers have a window, cash drawer, and a computer terminal to carry out their transactions. The pace of work can be frenetic and at times, stressful, depending on the volume of customer traffic to their specific branch location. This calls for a high degree of personal organization and excellent customer service skills. Bank tellers are generally expected to dress formally, and in many cases to wear prescribed corporate attire. Most banks in the US operate a six-day week.
What kind of training does a bank teller need?
Bank tellers must have at least a high school diploma. Many bank tellers have completed some college coursework and some have bachelor degrees in accounting, business, or liberal arts. Many college graduates accept bank teller positions with hopes of advancing in the banking field. Bank tellers typically receive on the job training from a bank teller supervisor or other senior employee. They learn the procedures of the company and often complete some formal classroom training in specific areas.
What are the prospects for a career as a bank teller?
Employment of bank tellers is projected to grow about as fast as average for all professions, increasing 13% through 2016 (1). The opening of new banking institutions and banks extending their hours will drive job growth.
Job prospects are expected to be favorable especially for bank tellers with excellent customer service skills and with a broad knowledge of many different financial services. Job openings will also arise from the need to replace bank tellers who retire, transfer, or leave the field for other reasons.
Bank Teller Salary: How much do bank tellers make?
Currently, the middle 50% of bank tellers earned annual salaries between $21,381 and $25,365. The highest 10% earned annual bank teller salaries of more than $27,322 (2).
If you considering whether and how to become a bank teller, this is an excellent entry point into the banking industry. Bank tellers must have excellent customer service skills and good communication and interpersonal skills. A strong aptitude for numbers and comfort of handling money is essential. They must also be trustworthy, orderly, accurate, discreet, and detail oriented. Those interested in becoming a bank teller may also be interested in becoming a cashier or secretary.
Becoming a Bank Teller Requires Training, Start Today
Are you serious about becoming a Bank Teller? Then you need to get the required skills and training to do it! To start your new career, first you must decide what school you want to enroll in, so you need to gather info about potential schools. Use the College Mouse Degree Search tool to find the right course and college for you, and get started towards your new dream job today! If you want more personalized assistance, call (888) 389-7996 TOLL FREE to speak with a college advisor, who will help you find the best college for you. After you sign up for your course, make sure you fill out and submit the FAFSA so you can take advantage of any financial aid currently available to you!