All About Tellers
Job Description & Duties Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution’s various transactions.
What Do Tellers Do On a Daily Basis?
- Arrange monies received in cash boxes and coin dispensers according to denomination.
- Identify transaction mistakes when debits and credits do not balance.
- Receive and count daily inventories of cash, drafts, and travelers’ checks.
- Process transactions, such as term deposits, retirement savings plan contributions, automated teller transactions, night deposits, and mail deposits.
- Carry out special services for customers, such as ordering bank cards and checks.
- Balance currency, coin, and checks in cash drawers at ends of shifts and calculate daily transactions, using computers, calculators, or adding machines.
What Every Teller Should Know
When polled, Tellers say the following skills are most frequently used in their jobs:
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Service Orientation: Actively looking for ways to help people.
Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Other Teller Job Titles
- Member Services Representative
- Collection Teller
- Vault Teller
- Commercial Teller
Job Outlook for Tellers
In 2016, there was an estimated number of 502,700 jobs in the United States for Teller. There is little to no growth in job opportunities for Teller. There will be an estimated 51,500 positions for Teller per year.
The states with the most job growth for Teller are Utah, Arizona, and Texas. Watch out if you plan on working in Wyoming, Illinois, or Pennsylvania. These states have the worst job growth for this type of profession.
Average Tellers Salary
The average yearly salary of a Teller ranges between $22,250 and $39,110.
Tellers who work in District of Columbia, Washington, or Maryland, make the highest salaries.
How much do Tellers make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$35,790|
Tools & Technologies Used by Tellers
Although they’re not necessarily needed for all jobs, the following technologies are used by many Tellers:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Email software
- Word processing software
- Microsoft Windows
- Microsoft Dynamics
- IBM Notes
- Sage 50 Accounting
- Internet browser software
- Accounting software
- Hyland Software OnBase
How to Become a Teller
What education or degrees do I need to become a Teller?
How many years of work experience do I need?
Where do Tellers Work?
The table below shows the approximate number of Tellers employed by various industries.
Other Jobs You May be Interested In
Those thinking about becoming a Teller might also be interested in the following careers:
- Reservation and Transportation Ticket Agents and Travel Clerks
- Data Entry Keyers
- Brokerage Clerks
- Customer Service Representatives
Career changers with experience as a Teller sometimes find work in one of the following fields:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
|Request Info||Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More >|