Bank Teller: Educational Requirements and Career Summary
Learn about the education and preparation needed to become a bank teller. Get a quick view of the requirements as well as details about training, job duties and career outlook to find out if this is the career for you.
Bank tellers are often the first people customers see at the banks. They're commonly known for assisting customers with deposits and withdrawals, counting money and cashing checks, but they do much more. This job typically requires a high school diploma, although completion of relevant postsecondary training, such as through college classes or a certificate program, can give job-seekers an advantage.
|Required Education||High school diploma or equivalent|
|Other Requirements||On-the-job training|
|Projected Job Growth (2012-2022)||1%*|
|Median Annual Salary (2013)||$25,390*|
Source: *U.S. Bureau of Labor Statistics
Educational Requirements for Bank Tellers
Individuals interested in working as bank tellers may only need a high school diploma along with on-the-job training; however, formal training may enhance their resumes and provide better employment opportunities. While employers often wish to train their bank tellers so they're compatible with the bank's regulations, they may still prefer employees with banking experience. Strong math and accounting skills are also beneficial for this position.
Aspiring bank tellers may find training through individual courses or certificate programs at community or vocational colleges. Students will learn to handle and count money, identify counterfeit currency and interact with customers. They also learn about the many aspects of banking, including checking and savings accounts, cashier's checks, traveler's checks and certificates of deposit. These programs may also teach students about government laws regarding banking.
After gaining employment, new bank tellers typically receive multiple weeks of on-the-job training. They work alongside and learn from experienced tellers, learning about the bank's regulations, check-cashing procedures and transaction equipment.
Career Summary for Bank Tellers
Bank tellers handle almost every banking transaction, including deposits and withdrawals, loan payments, savings bonds and CDs. They also answer questions regarding the bank's various services and may assist customers with their banking needs. In addition to possessing good math and communication skills, bank tellers must be detail-oriented when checking identification and cashing checks. They may also observe customers entering and leaving the bank and be required to recognize fraudulent currency or unlawful transactions.
Career and Salary Outlook
According to the U.S. Bureau of Labor Statistics (BLS), bank tellers were projected to see an employment growth of only 1% between 2012 and 2022 (www.bls.gov). This low growth was accredited to the advent of mobile and online banking, which allows customers to bypass tellers. Although most tellers' annual wages ranged from $19,870-$35,270, the median annual wage for bank tellers was $25,390 in May 2013.
Related to Bank Teller: Educational Requirements and Career Summary
- Recently Updated
An online bank teller training program can be a good starting point for people who want to establish a career in the banking...
Those interested in becoming bank tellers can do so with a high school diploma. The certification exam that tellers take after...
Learn about the education and preparation needed to become a bank teller. Get an overview of the requirements, job duties and...
A job as a bank teller requires little formal education. Learn about the training, job duties and certification to see if this...
- List of Free Online Bank Teller Classes and Education Programs
- How to Become a Certified Bank Compliance Officer
- Bank Compliance Officer Training Information
- Occupational Therapist: Career & Education Info
- Career Info for a Degree in HVAC or Refrigeration
- Free Courses with the Best User Experience: Study.com's People's Choice Award Winner
- Dr. Karli Peterson Talks About Educating the Chickasaw Nation with Study.com
- Bank Compliance Officer: Job Duties, Job Description & Salary Info
- Bank Auditor Training and Degree Programs
- Open Education Around the World: Study.com Speaks with the University of Notre Dame
- Top University in Indianapolis for a Public Administration Master's Degree
- Arts and Communications Careers: Job Options and Requirements