Bank Clerk

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Bank clerks process banking and other financial information.

NOC Code: 1434

Job Duties

Bank clerks process banking and other financial information. You may work for banks and credit companies, investment companies or other financial institutions.

Generally, bank clerks:

  • Keep records of deposits, withdrawals, loan and mortgage payments, cheques and securities sales.
  • Process loan and mortgage applications and payments, retirement savings plan applications and contributions, term deposits, drafts and money orders.
  • Check and balance automatic teller machine (ATM) transactions and ledger entries, calculate service charges and interest payments and tell customers about discrepancies.
  • Answer customer inquiries and provide information on banking products, policies and services.
  • Sell drafts, money orders, travellers’ cheques and foreign currency; rent safety deposit boxes; and open and close savings, chequing and other accounts.

Source: HRDSC

Job Requirements

Education

This job requires: High School


Experience

This job requires 0 - 2 years of work experience.


Source: HRSDC

Essential Skills

As a bank clerk, you need to:

  • Speak, read and write English.
  • Understand and follow standard accounting procedures.
  • Be very accurate in your work.
  • Use word processing, spreadsheet, database and email software.
  • Use financial software.
  • Work well with other people and on your own.

Source: Ontario Skills Passport

Language Skills

You need to communicate in person, on the phone, and in writing with supervisors, co-workers, and customers.

Labour Market Information

Trends

You need to have good computer skills because most banks use computerized financial systems. Most people who have been hired recently have an undergraduate university degree and/or a college diploma.

Prospects

The work prospects for this job are: FAIR


Wages

The average hourly wage for this job is: C$17.94/hour.


Source: HRSDC

Retraining

Educational Programs

These links will give you a list of related educational programs or where you can search for them. There may be other schools that have similar programs, such as private career colleges. You may be able to get advanced standing.

Bridging Programs

Here is a list of some bridging programs. These programs can help you assess your education and skills, get practical training or improve your language skills so that you can work in your field.

Language Training

Here is a list of some language training programs, such as Occupation-Specific Language Training (OSLT).

Work Experience Programs

Many college programs and bridging programs in this field include co-operative (co-op) work experience.

Voluntary Membership Opportunities

Helpful Links

The data in this profile is provided for informational purposes only. Some of the information may have changed since this profile was written. Please check the source for the most up-to-date information.

Last Updated: August 9, 2013
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