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Encyclopedia > Bank teller

A bank teller is an employee of a bank who deals directly with most customers. The First Provincial Bank of Taiwan in Taipei, Republic of China was formerly the central bank of the Republic of China and issued the New Taiwan dollar. ...


Tellers are considered a "front line" in the banking business. This is because they are the first people that a customer sees at the bank and are also the people most likely to detect and stop fraudulent transactions in order to prevent losses at a bank (i.e. counterfeit currency and cheques, identity theft, con artist schemes, etc.). The position also requires tellers to be friendly and interact with the customers, providing them with information about customers' accounts and bank services. The examples and perspective in this article or section may not represent a worldwide view. ... Identity theft is wrongfully impersonating someone, typically for financial gain either by exploiting the reputation of the subject person or stealing from him. ... A confidence trick, confidence game, or con for short, (also known as a scam) is an attempt to intentionally mislead a person or persons (known as the mark) usually with the goal of financial or other gain. ...


Most tellers have a window (or wicket) and a cash drawer from which they perform their money transactions, which include, but are not excluded to: A wicket is the place where a customer performs a transaction with a Customer service representative. ...

One of the more unnerving scenarios for a teller is a bank robbery. These do not occur very frequently but are one of the most dangerous things that a teller can experience on the job, followed by angry and violent customers. A cashiers check is a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter). ... A travelers cheque is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer (usually a bank) for that privilege. ... // Money Order in the U.S. In the United States, a money order is a type of check intended to provide a safe alternative to sending cash (in the mail). ... A trust company has been referred to as a near-bank; while technically it differs from a bank in mandate and services offered, it also provides banking services such as chequing accounts, savings and loans, investments and credit cards. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of catastrophic financial loss. ... The term credit can have several meanings in different contexts. ... Bank robbery is the crime of robbing a bank. ...


See also

Numismatics Portal

  Results from FactBites:
 
Tellers (1434 words)
Tellers use this cash for payments during the day and are responsible for its safe and accurate handling.
Banks are looking at their branch offices as places to attract customers for the increasing number and variety of financial products the banks sell.
Salaries of tellers may vary with their experience and with the region of the country, size of city, and type and size of establishment.
10 Potentially Catastrophic Mistakes During Bank Robberies (1179 words)
Bank Security Officers should constantly be reminding tellers of their proper procedures during a robbery throughout the year.
Most of these robberies were handled by tellers and employees in the proper manner but from time to time an employee would either not comply with the robber's demands or would do something that escalated the level of danger and exposed both employees and customers to increased danger.
Statistically bank employees who follow the bank robber's instructions are seldom injured in the course of a robbery.
  More results at FactBites »


 

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