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Bank Clerk Job Description, Career as a Bank Clerk, Salary, Employment - Definition and Nature of the Work, Education and Training Requirements, Getting the Job

clerks banks employees workers

Education and Training: High school

Salary: Median—$23,317 to $27,310 per year

Employment Outlook: Poor

Definition and Nature of the Work

Banks simplify people's lives, but the business of banking is anything but simple. Every transaction—from cashing a check to taking out a loan—requires careful record keeping. Behind the scenes in every bank or savings and loan association there are dozens of bank clerks, each an expert at keeping one area of the bank's business running smoothly.

New account clerks open and close accounts and answer questions for customers. Interest clerks record interest due to savings account customers, as well as the interest owed to the bank on loans and other investments. Exchange clerks, who work on international accounts, translate foreign currency values into dollars and vice versa. Loan clerks sort and record information about loans. Statement clerks are responsible for preparing the monthly balance sheets of checking account customers. Securities clerks record, file, and maintain stocks, bonds, and other investment certificates. They also keep track of dividends and interest on these certificates.

Other clerks operate the business machines on which modern banks rely. Proof operators sort checks and record the amount of each check. Bookkeeping clerks keep records of each customer's account.

In addition to these specialists, banks need general clerical help—data entry keyers, file clerks, mail handlers, and messengers—just as any other business does.

Education and Training Requirements

Bank clerks usually need a high school education with an emphasis on basic skills in typing, bookkeeping, and business math. Knowledge of computers and business machines is also helpful. Prospective bank workers may be tested on their clerical skills when they are interviewed. Most banks provide new employees with on-the-job training.

Getting the Job

Sometimes bank recruiters visit high schools to look for future employees. High school placement offices can tell students whether this is the practice at their school. If not, prospective bank workers can apply directly to local banks through their personnel departments. Bank jobs may be listed with state and private employment agencies. Candidates can also check Internet job sites and the classified ads in local newspapers as well.

Advancement Possibilities and Employment Outlook

Banks prefer to promote their employees rather than hire new workers for jobs that require experience. Clerks frequently become tellers or supervisors. Many banks encourage their employees to further their education at night.

According to the U.S. Bureau of Labor Statistics, employment of bank clerks was expected to decline through the year 2014, because many banks are electronically automating their systems and eliminating paperwork as well as many clerical tasks. Workers with knowledge of data processing and computers will have the best opportunities. In addition to jobs created through expansion, openings at the clerical level often occur as workers move up to positions of greater responsibility.

Working Conditions

Although banks usually provide a pleasant working atmosphere, clerks often work alone, at times performing repetitive tasks. Bank clerks generally work between thirty-five and forty hours per week, but they may be expected to take on evening and Saturday shifts depending on bank hours.

Earnings and Benefits

The salaries of bank clerks vary widely depending on the size and location of the bank and the clerk's experience. According to the Bureau of Labor Statistics, median salaries ranged from $23,317 to $27,310 per year in 2004 depending on experience and title. Generally, loan clerks are on the high end of this range, whereas general office clerks are on the lower end.

Where to Go for More Information

American Bankers Association
1120 Connecticut Ave. NW
Washington, DC 20036
(800) BANKERS
http://www.aba.com

National Bankers Association
1513 P St. NW
Washington, DC 20005
(202) 588-5432
http://www.nationalbankers.org

Bank Administration Institute
1 N. Franklin St., Ste. 1000
Chicago, IL 60606
(312) 683-2464
http://www.bai.org

Banks typically offer their employees excellent benefits. Besides paid vacations and more than the usual number of paid holidays, employees may receive health and life insurance and participate in pension and profit-sharing plans. Some banks provide financial aid so that workers can continue their education.

Bank Examiner Job Description, Career as a Bank Examiner, Salary, Employment - Definition and Nature of the Work, Education and Training Requirements, Getting the Job [next] [back] Auditor Job Description, Career as an Auditor, Salary, Employment - Definition and Nature of the Work, Education and Training Requirements, Getting the Job

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about 6 years ago

I would to to go into this field of career

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about 6 years ago

hi
thank for information,i am interested in bank job.

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almost 9 years ago

hi it was good 2 know about the job a clerk has to do. as i m going on a interview for a clerical job....thanks buddy

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about 6 years ago

thanks your information but more information store

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about 6 years ago

i want to select in bank job. please help me i wnat to a job

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about 7 years ago

thank u so much for ur clear information now my doubt has been clarified ,my dream is to work in sbi


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almost 6 years ago

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almost 9 years ago

This is brilliant for people who want to start off in a bank it has gave me confidence to work in a bank now

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almost 6 years ago

jobs

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almost 6 years ago

thanks for imformation. I want to do this job

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almost 6 years ago

I am intersted in Bank job

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about 6 years ago

I would to to go into this field of career

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about 6 years ago

hi..

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over 6 years ago

you dont know how to give useful information....

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over 6 years ago

I am intrested to do this type of job

I like it's Rule



Thanks

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over 6 years ago

sir,i want to known that in banking clerical recruitements the advertisements are published as that the english test is only qualifying what does it mean? if one candidate gets sufficient marks in all subjects but in english test due to qualitying not gets such good marks he or she will be qualified or not please inform me as soon as possible.if possible please inform me on my mobile my number is 9938370054 because my exam is on 28/11/2010

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almost 9 years ago

Hi,

I found this information very useful as I am trying for a bank job.



Thank you very much.

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over 5 years ago

To whom it may concern, here in the above passage under "Definition and Nature of the Work",in the 2nd sentence, in one part "cashing a check" is written which I think should be "cashing a cheque".If i am right then correct it so that readers find no difficulty in understanding.

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over 5 years ago

ya i like it but i want to know about the future in India for this job, security & salary.

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almost 6 years ago

bank jobs

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almost 6 years ago

jobs

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about 6 years ago

main bank me job karna chahti hu pls mujhe bank me job k liye help kare,

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about 10 years ago

I was very inpressed with the information about the bank teller position and salary,Great Job .

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almost 6 years ago

hiiiiii

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almost 6 years ago

gud to knw the scope of job oppurtunity in banks. But i want to knw about the salaries and the job facilities for those who want toircontinue their studies side by side.

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over 5 years ago

i want to make a good career in bank can u plz help me out

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almost 6 years ago

Thanks for the information, but hope its not updated.Better update it soon.

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over 2 years ago

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over 2 years ago

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over 3 years ago

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over 3 years ago

i am interesting into this field of caree.and am going to study it next year.

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over 3 years ago

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over 3 years ago

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over 3 years ago

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over 3 years ago

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over 3 years ago

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over 3 years ago

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over 3 years ago

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over 3 years ago

i am interesting into this field of caree.and am going to study it next year.

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about 4 years ago

I m nilkanta fm india,i want this bank job.plz information send me my mail. Thank you.

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about 4 years ago

thanks for imformation. I would to to go into this field of career.

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about 4 years ago

thanks for imformation. I would to to go into this field of career.

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about 4 years ago

thanks for imformation. I would to to go into this field of career.

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about 4 years ago

thanks for imformation. I would to to go into this field of career.

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about 4 years ago

Hi

Thanks for information, I'm interested in banking field

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about 4 years ago

Hi

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about 4 years ago

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about 4 years ago

hi ,
i need suggestion regarding my carrier ,i got selected in bank cleark and railway assist. driver .now i want to know that which one is best for me my joing in both will be come soon .plz share ur valuable suggestions. tahnx.

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about 4 years ago

i want bank job

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over 4 years ago

Thank you for sharing this information. I am interested in obtaining occupation as a bank clerk and was seeking information about this subject.

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over 4 years ago

Thank you for sharing this information. I am interested in obtaining occupation as a bank clerk and was seeking information about this subject.

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over 4 years ago

i wiil check always

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about 5 years ago

hi this one of the first step that any person who wishes to work in the bank should,must know 'i personally am looking forward to work in the bank because i persued a course in banking and finance thank you

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about 5 years ago

I want good job please reply me.

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over 5 years ago

hello Im daniel Gomez and I want to know wat cant math do you use for youo work

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over 5 years ago

To whom it may concern,i already sent a message about a word "check" correction in my previous comment but i think i have written something wrong, so i am again writing you that in the passage under "Definition and Nature of the Work" in 2nd sentence in one part "cashing a check" is written, which i think should be "cashing a cheque".

If i am correct then please rectify it as soon as possible so that the readers understand the right meaning of the sentence.thank you

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over 5 years ago

sir,i have passed IBPS (CWE) Examiination who to find job in bank