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Tellers

Tellers
Quick Facts : Tellers*
2010 Median Pay$24,100
Entry Level EducationHigh school diploma or equivalent
Work Experience in Related OccupationNone
Number of Jobs, 2012560,000
Job Outlook1% (Little or no change)
Employment Change7,300


Tellers work in bank branches assisting customers with simple financial transactions such as cashing checks, depositing money and collecting loan payments. They are responsible for making sure that these transactions are processed accurately. In most banks, tellers record account changes by using computer terminals that give them easy access to the customer?s financial information.

What Tellers Do

  • Count the cash in their drawer at the start of their shift
  • Accept checks, cash, and other forms of payment from customers
  • Answers questions from customers about their accounts
  • Record all transactions electronically throughout their shift
  • Count the cash in their drawer at the end of their shift and make sure the amounts balance

Work Environment

Most tellers work in bank branches. About 27 percent of tellers have a part-time schedule.
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Job Outlook

Employment of tellers is projected to experience little or no change, growing 1 percent from 2010 to 2020.
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Pay

The average salary of tellers was $24,100 in May 2010.
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Tellers*
Average Annual Salary, May 2010

Tellers

24100

Finance Occupations

59143.0435

All Jobs in the U.S.

52312.5223
Tellers*
Percent Change in Employment

Tellers

1.30357

Finance Occupations

18.39732977618342

All Jobs in the U.S.

15.767561808929724

Becoming a Tellers

Most tellers have a high school diploma and get about 1 month of on-the-job training. Some banks do background checks before hiring a new teller. A few tellers have some college experience, but a degree is rarely needed for a job applicant to be hired.
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