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The differences between vault tellers and banking associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a banking associate has an average salary of $81,890, which is higher than the $32,352 average annual salary of a vault teller.
The top three skills for a vault teller include cash handling, quality customer service and operational procedures. The most important skills for a banking associate are excellent interpersonal, strong customer service, and financial transactions.
| Vault Teller | Banking Associate | |
| Yearly salary | $32,352 | $81,890 |
| Hourly rate | $15.55 | $39.37 |
| Growth rate | -12% | -12% |
| Number of jobs | 11,212 | 18,919 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 63% |
| Average age | 39 | 39 |
| Years of experience | - | - |
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.
A banking associate's role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank's policies and regulations.
Vault tellers and banking associates have different pay scales, as shown below.
| Vault Teller | Banking Associate | |
| Average salary | $32,352 | $81,890 |
| Salary range | Between $26,000 And $39,000 | Between $47,000 And $141,000 |
| Highest paying City | Denver, CO | White Plains, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | NBCUniversal | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a vault teller and a banking associate in terms of educational background:
| Vault Teller | Banking Associate | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between vault tellers' and banking associates' demographics:
| Vault Teller | Banking Associate | |
| Average age | 39 | 39 |
| Gender ratio | Male, 19.5% Female, 80.5% | Male, 41.8% Female, 58.2% |
| Race ratio | 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% | Black or African American, 10.1% Unknown, 3.5% Hispanic or Latino, 17.8% Asian, 7.4% White, 60.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |