Financial Institution Tellers, Clerks, and Related Workers
Financial institution tellers, clerks, and related workers perform many tasks in banks and other savings institutions. Tellers work at teller windows where they receive and pay out money, record customer transactions, cash checks, sell traveler's checks, and perform other banking duties. The most familiar teller is the commercial teller, who works with customers, handling check cashing, deposits, and withdrawals. Specialized tellers are also employed, especially at large financial institutions. Clerks' and related workers' ...
Minimum Education Level
The earnings of financial institution workers vary by their specific duties, size and type of institution, and area of the country. Full-time tellers earned a median annual income of $29,450 in May 2018, according to the U.S. Department of Labor (DOL). Salaries ranged from less than $22,250 for the lowest paid 10 percent to more than $39,110 for the highest paid 10 percent.
The DOL also ...
Most financial institution professionals work a 40-hour week. Tellers may need to work irregular hours or overtime, since many banks stay open until 6:00 P.M. on Fridays and are open Saturday mornings to accommodate their customers. Bank clerks and accounting department employees may have to work overtime at least once a week and often at the close of each month's banking operati...
Job opportunities for bank tellers are expected to decline by 12 percent through 2028, according to the U.S. Department of Labor (DOL). Employment will decline because of competition from companies offering bank-like services, the increasing use of automatic teller machines, banking by telephone and computer (online banking now accounts for 53 percent of banking transactions, according to AlixP...