Vault clerk vs finance clerk

The differences between vault clerks and finance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a vault clerk, becoming a finance clerk takes usually requires 4-6 years. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $30,531 average annual salary of a vault clerk.

The top three skills for a vault clerk include data entry, bank deposits and serial numbers. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Vault clerk vs finance clerk overview

	Vault Clerk	Finance Clerk
Yearly salary	$30,531	$39,225
Hourly rate	$14.68	$18.86
Growth rate	-3%	-5%
Number of jobs	70,287	143,372
Job satisfaction	-	-
Most common degree	High School Diploma, 32%	Bachelor's Degree, 44%
Average age	43	51
Years of experience	12	6

What does a vault clerk do?

A vault clerk's major duty is to count and handle money and to verify amounts and signatures. They may also be in charge of receiving and recording transactions, restocking the ATM when it is empty, and checking securities against loan specifications. Furthermore, they may have to sort and count currency and check deposits that are received by banks, ATMs, and commercial customers.

What does a finance clerk do?

Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.

Vault clerk vs finance clerk salary

Vault clerks and finance clerks have different pay scales, as shown below.

	Vault Clerk	Finance Clerk
Average salary	$30,531	$39,225
Salary range	Between $25,000 And $36,000	Between $27,000 And $56,000
Highest paying City	Denver, CO	New York, NY
Highest paying state	Colorado	New York
Best paying company	Deluxe	United States Courts
Best paying industry	Retail	Government

Differences between vault clerk and finance clerk education

There are a few differences between a vault clerk and a finance clerk in terms of educational background:

	Vault Clerk	Finance Clerk
Most common degree	High School Diploma, 32%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Vault clerk vs finance clerk demographics

Here are the differences between vault clerks' and finance clerks' demographics:

	Vault Clerk	Finance Clerk
Average age	43	51
Gender ratio	Male, 38.2% Female, 61.8%	Male, 26.2% Female, 73.8%
Race ratio	Black or African American, 10.8% Unknown, 4.2% Hispanic or Latino, 21.3% Asian, 7.6% White, 55.3% American Indian and Alaska Native, 0.8%	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	6%	7%

Differences between vault clerk and finance clerk duties and responsibilities

Vault clerk example responsibilities.

Create and manage tasks assign relating to payment errors or missing EOB's.
Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Maintain control of large sums of currency and coin.
Encode checks for bank deposit and input all register tenders into Costco's AS400 program for proper accountability.
Convert currency for gaming patrons using coins.
Encode the amounts on the debits and credits.

Show more

Finance clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
Write checks in the QuickBooks software to vendors and to reimburse employees.
Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.

Show more

Vault clerk vs finance clerk skills

Common vault clerk skills

Data Entry, 30%
Bank Deposits, 17%
Serial Numbers, 11%
Check Deposits, 10%
Financial Institutions, 4%
ATM, 4%

Common finance clerk skills

Data Entry, 16%
Purchase Orders, 9%
HR, 5%
Bank Statements, 5%
Bank Deposits, 5%
Credit Card, 4%

Vault Clerk vs. similar jobs

Vault Clerk related careers

Vault Clerk related jobs

What similar roles do

Updated January 8, 2025

Browse office and administrative jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z