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Vault clerk vs vault teller

The differences between vault clerks and vault tellers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a vault teller has an average salary of $32,352, 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 vault teller are cash handling, quality customer service, and operational procedures.

Vault clerk vs vault teller overview

Vault ClerkVault Teller
Yearly salary$30,531$32,352
Hourly rate$14.68$15.55
Growth rate-3%-12%
Number of jobs70,28711,212
Job satisfaction--
Most common degreeHigh School Diploma, 32%Bachelor's Degree, 38%
Average age4339
Years of experience12-

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 vault teller do?

A vault teller is responsible for processing bank and vault transactions, ensuring accuracy and timeliness. Their duties primarily revolve around customer service and staff support, preparation of shipment and deliveries, money transfer transactions, and handling deposits. A vault teller must also perform administrative tasks such as maintaining daily cash levels on ATMs, responding to calls and correspondence, producing progress reports, and maintaining an accurate record of all transactions. Furthermore, it is essential to verify and monitor all currency in vaults in adherence to the bank's standards and policies.

Vault clerk vs vault teller salary

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

Vault ClerkVault Teller
Average salary$30,531$32,352
Salary rangeBetween $25,000 And $36,000Between $26,000 And $39,000
Highest paying CityDenver, CODenver, CO
Highest paying stateColoradoMassachusetts
Best paying companyDeluxeNBCUniversal
Best paying industryRetailFinance

Differences between vault clerk and vault teller education

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

Vault ClerkVault Teller
Most common degreeHigh School Diploma, 32%Bachelor's Degree, 38%
Most common majorBusinessBusiness
Most common college--

Vault clerk vs vault teller demographics

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

Vault ClerkVault Teller
Average age4339
Gender ratioMale, 38.2% Female, 61.8%Male, 19.5% Female, 80.5%
Race ratioBlack 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, 10.5% Unknown, 3.5% Hispanic or Latino, 19.2% Asian, 7.5% White, 58.7% American Indian and Alaska Native, 0.6%
LGBT Percentage6%7%

Differences between vault clerk and vault teller 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

Vault teller example responsibilities.

  • Process ATM transactions and reconcile negotiable instruments.
  • Coordinate accurate balancing and processing of ATM transactions.
  • Analyze customer's needs, determine appropriate products and services and uncover additional cross-selling opportunities with existing and prospective clients.
  • Interpret and accurately process customer requests and transactions according to TCF guidelines.

Vault clerk vs vault teller skills

Common vault clerk skills
  • Data Entry, 30%
  • Bank Deposits, 17%
  • Serial Numbers, 11%
  • Check Deposits, 10%
  • Financial Institutions, 4%
  • ATM, 4%
Common vault teller skills
  • Cash Handling, 11%
  • Quality Customer Service, 8%
  • Operational Procedures, 8%
  • Internal Controls, 8%
  • Performance Reviews, 7%
  • Foreign Currency, 7%

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