How Tellers stay on track

Focus on work and logtime automatically
Tellers hourly rate: $15,68

How much could Monitask save you?

Annual savings

$
Сalculation is performed automatically upon data entry
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What is the job of the Tellers

Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.

Key tasks of the Tellers

  • Balance currency, coin, and checks in cash drawers at ends of shifts and calculate daily transactions, using computers, calculators, or adding machines.

  • Receive checks and cash for deposit, verify amounts, and check accuracy of deposit slips.
  • Monitor bank vaults to ensure cash balances are correct.
  • Cash checks and pay out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds.
  • 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.
  • Enter customers’ transactions into computers to record transactions and issue computer-generated receipts.
  • Examine checks for endorsements and to verify other information, such as dates, bank names, identification of the persons receiving payments, and the legality of the documents.
  • Resolve problems or discrepancies concerning customers’ accounts.
  • Prepare and verify cashier’s checks.
  • Process transactions, such as term deposits, retirement savings plan contributions, automated teller transactions, night deposits, and mail deposits.
  • Answer telephones and assist customers with their questions.
  • Identify transaction mistakes when debits and credits do not balance.
  • Carry out special services for customers, such as ordering bank cards and checks.
  • Sort and file deposit slips and checks.
  • Receive and count daily inventories of cash, drafts, and travelers’ checks.
  • Order a supply of cash to meet daily needs.
  • Arrange monies received in cash boxes and coin dispensers according to denomination.
  • Receive mortgage, loan, or public utility bill payments, verifying payment dates and amounts due.
  • Explain, promote, or sell products or services, such as travelers’ checks, savings bonds, money orders, and cashier’s checks, using computerized information about customers to tailor recommendations.

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What other tasks a Tellers may have

  • Count, verify, and post armored car deposits.

  • Obtain and process information required for the provision of services, such as opening accounts, savings plans, and purchasing bonds.
  • Perform clerical tasks, such as typing, filing, and microfilm photography.
  • Compute financial fees, interest, and service charges.
  • Compose, type, and mail customer statements and other correspondence related to issues such as discrepancies and outstanding unpaid items.
  • Process and maintain records of customer loans.
  • Prepare work schedules for staff.
  • Quote unit exchange rates, following daily international rate sheets or computer displays.
  • Issue checks to bond owners in settlement of transactions.
  • Inform customers about foreign currency regulations and compute transaction fees for currency exchanges.

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Top reasons to use time tracking for Tellers

Organize your paperwork and comply with legal requirements

Use Monitask for complete control over your employees' working hours and get information about the hours worked in the form of convenient reports.
Demonstrating the total number of hours spent each year helps support your business and increases transparency with your customers.

Receive more grants and investments

Proper time calculations will ensure that you have supporting documents and data to show when you apply for investments or search for new strategic partners.

Save on payroll and identify bottlenecks

Review daily timesheets and productivity scores to identify bottlenecks and ways to improve your operations quickly.
Implementing the correct time-tracking solution always results in reduced payroll costs for part-time and full-time employees, and companies can get more things done for each dollar they invest in their recruitment efforts.

Improve staffing and scheduling

Scheduling takes the guesswork out of the project's management.
By reviewing scheduling reports, managers can quickly identify efforts and estimated the workforce needed to complete the projects on time.

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