What is a Teller?
Teller Definition Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution’s various transactions.
List of Teller Job Duties
- Balance currency, coin, and checks in cash drawers at ends of shifts and calculate daily transactions, using computers, calculators, or adding machines.
- Count currency, coins, and checks received, by hand or using currency-counting machine, to prepare them for deposit or shipment to branch banks or the Federal Reserve Bank.
- Receive mortgage, loan, or public utility bill payments, verifying payment dates and amounts due.
- Quote unit exchange rates, following daily international rate sheets or computer displays.
- Order a supply of cash to meet daily needs.
- Obtain and process information required for the provision of services, such as opening accounts, savings plans, and purchasing bonds.
Tellers state the following job skills are important in their day-to-day work.
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.
Related Job Titles
- Customer Relationship Specialist
- Financial Services Representative (FSR)
- Retail Banker
- Receiving Teller
- Loan 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.
Salary for a Teller
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 each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$35,790|
What Tools & Technology do Tellers Use?
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?
What work experience do I need to become a Teller?
The table below shows some of the most common industries where those employed in this career field work.
You May Also 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
Those who work as a Teller sometimes switch careers to one of these choices:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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