To become a bank teller, you first have to receive your high school diploma or GED. You are required to be legally able to work in the United States and able to speak and write fluently in English. A college degree isn’t required but may assist with getting hired or promoted.
Bank tellers are responsible for accurately processing routine transactions at a bank. These transactions include cashing checks, depositing money, collecting loan payments and processing withdrawals. They also may sell savings bonds, accept payment for customers’ utility bills and charge cards, process necessary paperwork for certificates of deposit, and sell travellers’ checks. Some tellers specialise in handling foreign currencies or commercial or business accounts. They follow strict rules and regulations to ensure that money is handled properly, safely and confidentially.
Records are kept of all transactions, which ensures that all deposits and withdrawals are handled correctly. They need to verify a customer’s identity in order to avoid fraud and enter all transactions into a computer. Non-customer related activities include processing and maintaining records of various transactions and loans. Many clerical duties are performed by bank tellers, like maintaining supplies, cleaning work areas and filing various reports. In the morning they handle deposits done by mail, night deposits and automated tellers.
QUALIFICATIONS DO I NEED?
Although most banking institutions offer training on the job for bank tellers, it is also useful to study a course in banking, commerce, business, accounting or management at a university, technikon or college. A National Senior Certificate that meets the requirements for a diploma or degree course is required. Experience working in an office environment or in customer service, and particularly cash-handling experience, is recommended.
WHAT SUBJECTS DO I NEED?
Contact each institution for their specific requirements, but these subjects are recommended:
• Mathematics
• Accounting
• Business Science
• Economics
Diploma in Banking
ADMISSION REQUIREMENTS
A knowledge, comprehension and application of the English language at NQF level 4 (Grade 12 or equivalent level) is necessary. In order to determine the curriculum for which a student may register, the Milpark Education points system
applies:
IF YOU MATRICULATED IN 2007 OR EARLIER
| SYMBOL | HIGHER GRADE | STANDARD GRADE |
|---|---|---|
| A | 8 | 6 |
| B | 7 | 5 |
| C | 6 | 4 |
| D | 5 | 3 |
| E | 4 | 2 |
| F | 3 | 1 |
For entry into the degree, candidates who matriculated in 2007 or earlier must have:
- For entry into the Diploma, applicants require a Senior Certificate or equivalent AND a minimum of 13 points on the Milpark points system.
IF YOU MATRICULATED IN 2008 OR LATER
For entry into the Diploma, candidates who matriculated in 2008 or later require:
For entry into the Diploma, candidates require a National Senior Certificate (NSC) as certified by Umalusi. A certificate on NQF Level 5 will also be accepted for admission to this programme.
LANGUAGE REQUIREMENTS
A knowledge, comprehension and application of the English language at NQF Level 4 (Grade 12 or equivalent level) is required.
IT REQUIREMENTS
Minimum system requirements:
- Reliable broadband Internet access
- Firefox/Internet explorer/Chrome web browser
- Microsoft Word
- PDF Viewer
- Ability to scan and upload documents
- Email/Cellphone for notification and communication
Postgraduate Diploma in Banking
LANGUAGE REQUIREMENTS
A knowledge, comprehension and application of the English language at NQF Level 4 (Grade 12 or equivalent level) is required.
IT REQUIREMENTS
Minimum system requirements:
- Reliable broadband Internet access
- Firefox/Internet explorer/Chrome web browser
- Microsoft Word
- PDF Viewer
- Ability to scan and upload documents
- Email/Cellphone for notification and communication
ADMISSION REQUIREMENTS
The minimum requirement is either:
- a relevant Bachelor of Commerce with majors in Investment Management, Banking, Economics, Finance, Risk, Accounting or similar. Ideally, the candidate will have some practical exposure ti the financial services sector; or
- a Bachelor of Commerce with other majors such as marketing, Human Resources or similar, or a Bachelor’s degree (for example, B Admin or B Science, or similar). Work experience in the financial services industry at a management/ specialist level is required.
What do you need in order to be a bank teller?
Complete your diploma or GED
To become a bank teller, you first have to receive your high school diploma or GED. You are required to be legally able to work in the United States and able to speak and write fluently in English. A college degree isn’t required but may assist with getting hired or promoted.
Are bank teller jobs hard to get?
The Perks of Working as a Bank Teller. No one wants to spend weeks looking for a job. Luckily, teller positions aren’t usually hard to find. There are banks everywhere, so you can usually find an open spot within a decent driving distance from home.