Do bank tellers make good money? Most of the big banks offer competitive salaries. Applicants do not need to have an undergraduate degree and no previous banking experience is required. There are only two basic requirements. One is a high school diploma or general education development test and a criminal background check. Start immediately if the employer decides to hire you after several interviews. Besides, many banks provide bank teller training even after the person has been hired. The growth rate of this profession is relatively less but it can be profitable as the industry continues to thrive and more banks are expected to open in the near future. In fact, the US Bureau of Labor Statistics confirmed six percent growth for cashiers through 2018. Job prospects are expected to remain encouraging. There are several options for cashiers such as working full time or part time.
Many benefits for cashiers
Banks are known to be very enthusiastic and usually offer various benefits to their employees. If you are Become a bank tellerYou can enjoy a maximum of 12 paid holidays per year; profit sharing; retirement plans; insurance coverage; and study aid. Regular cashiers are also entitled to receive company training and educational grants and participate in the company’s 401(K) savings plan. INVESTOPEDIA defines this as “A qualified plan created by employers for eligible employees to make payroll reduction contributions on an after-tax basis. Employers offering this plan may make matching or non-voluntary contributions to the plan on behalf of eligible employees and may also add a profit sharing benefit to the plan. Profits are accrued on a deferred tax basis. “- http://www.investopedia.com
A teller may choose to look forward to promotion and work in other departments such as auditing, marketing, banking trust and credit card departments. While professional certification is not mandatory for bank teller jobs, it is an advantage to obtaining certification from the American Institute of Banking, or AIB. This organization covers a variety of topics that are applicable to the current banking system. For example, accredited master bank tellers bolster their credentials every three years by enrolling in continuing education programs. There are different categories for this position. You can start as a branch teller and then upgrade to a bank teller after that. The next position is the vault teller who receives higher compensation due to sensitive responsibilities. Salary structures also depend on the bank, location, and the tasks the company assigns to you.