How much money does a bank teller make

How much money does a bank teller make

Posted: zip Date: 06.06.2017

Bank tellers are employees of banks. The barrier to entry is not high. Typically bank tellers need to be proficient in handling cash, and dealing with customers.

So have good communication skills, and the ability to deal with people is a must. Also an astute eye for any transactions that look fraudulent is a plus. Along with good numeracy skills, the ability to handle cash in multiple currencies, and an eye for detail.

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So, how much do bank tellers make? This is calculated by taking the median wage across the US. The largest number of tellers are employed in the states of California, Florida, Illinois, New York, and Texas. The highest paid tellers are employed in Alaska and the District of Columbia.

how much money does a bank teller make

The bank that the teller works for has an impact on their salary, along with the geographic location. However, there is often the chance for progression in most banks.

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This path is usually via promotion to funding managers, supervisors, and other managerial roles. Bank tellers are predominately full-time workers. Around 1 in 3 bank tellers works part-time. Being employees of banks, there is no opportunities for being self-employed. The hours follow standard banking hours, with little opportunity for overtime and working through holidays.

These transactions include handling cash, processing loan payments, cashing checks, and dealing with queries. So, as far as key duties, what do bank tellers do? One of the key responsibilities of a bank teller is the accurate and safe handling of cash.

how much money does a bank teller make

Making sure they have enough funds to cover the transaction, and keeping an eye out for fraudulent activity. Counting out bills and double checking cash it part of the role. Tellers are also able to explain some of the financial products banks offer to customers, and refer them to the appropriate professional if required. So basic computer skills are required, although training is always offered. Moving on to senior cashiers, supervisors, and manager positions and head tellers.

Although there are also opportunities for tellers to move to different positions within the banking industry. Head tellers oversee a number of bank tellers. As well as carrying out some of the same tasks, they also perform managerial duties. Like monitoring the hours worked, putting work schedules together, and dealing with difficult or demanding customers. Head tellers will also investigate any cash discrepancies, errors with customer accounts, and may handle large cash transactions.

There is little to no projected change in demand for the profession between and Previous growth in the profession was driven by the amount of banks increasing across the US.

However, the growth of banks and branches is expected to slow drastically, largely due to the amount of banks already operational. In addition to this there has been a large surge in mobile banking in recent years.

This allows customers to carry out transactions that would have previously been handled by bank tellers.

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There are some new technologies aimed at increasing teller interaction with customers, such as webcams at ATM machines. The results of this is yet to be seen. A highlight to looking to enter the profession of a bank teller is that a lot of tellers leave their jobs each year. Powered by Campus Explorer. About Privacy Policy Interview Tips Guide How to Find the Best Career for Me? Best Career Sites Blog Contact Us. April 19, 0. February 3, 0. January 23, 0. Leave A Reply Cancel Reply. My name is Noel Griffith, and I come from a similar background as most of you reading this.

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