How to Process a Bank Deposit
Bank deposits are regarded by most people as mundane transactions, something not worth waiting in line for. Many customers see a deposit as an additional hassle in their busy lives. For a bank teller, bank deposits are among the most fundamental of banking transactions, and dealing with them is a skill that can be honed to perfection. However, processing a bank deposit is far more complicated than it seems.
The transaction begins with the next customer arriving at the teller window. In this instant, the success of the deposit relies solely on the customer's perception of the teller. Don't say "Good afternoon" in a monotone. Instead, attain direct eye contact, smile, and greet the customer. The greeting can be your own innovation. Any successful greeting is the product of emphasizing positive emotions, regardless of your current mood. If you openly show probable exhaustion and stress from standing up all day, customers will find your appearance distasteful. If the customers see you as a positive figure, they will want to continue with the transaction in a non-belligerent manner.
The next phase of the transaction consists of analyzing the deposit slip. This phase requires keen observational and memorization skills. The deposit number is fifteen digits long, including the zeros. The problem lies in the handwriting of the customer. A customer may be able to correctly write down the account number, but that skill is rendered useless if the bank teller cannot read the handwriting. If such a predicament should occur, politely ask the customer to recheck the account number. A customer will predictably recite the account number aloud for you. As the number is said aloud, discreetly analyze the p...
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...ve a decent farewell. If it time is in the morning, say, "Have a great day!" If it is in the afternoon, say, "Have a good night!" Or, if it is Friday, say, "Have a great weekend!" This rule also applies to all day preceding or during holidays.
And finally, the transaction is done. The customer is gone; you have completed a deposit transaction. But you don't have time to bask in the great feeling of accomplishment. For the line of customers is still reaching toward the door of the bank, and there is still more time before your five o' clock relief will come. Look not at the time at the bottom corner of your computer screen, but at the line of customers impatiently waiting for you to call them to your window. So, swallow your satisfaction for a transaction well done; another transaction is about to happen. Thus the complicated procedure of deposits begins anew.
deposit to the total amount of the checks. After the deposit has been verified and all numbers are correct, the teller will then run the checks through the proof machine to be verified again.
Pence, E., & Paymar, M. (1993). Domestic violence information manual. The Duluth Domestic Abuse Intervention Project: The Manual. Retrieved March 25, 2014, from http://www.eurowrc.org/05.education/education_en/12.edu_en.htm
Domestic Violence is a widely recognized issue here in the United States. Though many people are familiar with domestic violence, there are still many facts that people do not understand. Abuse is not just physical, it is mental, emotional, verbal, sexual and financial. Many victims of physical abuse are also fall victim to these abuse tactics as well. An abusive partner often uses verbal, mental, emotional, and financial abuse to break their partner so to speak. It is through this type of abuse the victim often feels as though they are not adequately meeting their partner’s needs.
...ere this happens, is the exception rather than the rule. Conceivably it is not the banking concept itself that is at fault, but the contents of the deposits. The most valuable education I have ever received used the banking method, but in a way other than Freire describes. The teacher “deposits” facts, yes, but facts in context with pertinence and use in the real world. The skills Freire describes in his essay, such as critical thinking, are achievable in a banking setting. Freire’s criticism is mostly accurate, but his philosophies are a bit too radical and his propositions far too vague.
"Good morning, and in case I don't see ya, good afternoon, good evening and goodnight".
[3] Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 20 percent.
Historically, domestic violence was viewed as only involving physical abuse. However, the more contemporary view of domestic violence has come to include not only physical types of abuse; but as well as emotional, sexual, physiological, and economic violence that may be committed
money is spent then the shopper has on the current account, the last written check will be rejected and account will be
“One woman is beaten by her husband or partner every 15 seconds in the United States” (Stewart & Croudep, 1998-2012). Domestic violence can interfere with the husband-wife relationship because one spouse is always in constant fear of the other. This violence could vary from physical abuse to ps...
During this problem happen, there were 100 million transaction is being effected. The deleted information is reenter back to the bank computer system. This problem is take time to solve it. Because of this problem, the bank is promises to all the customer that being effected by this problem that they will reimburse the fires and the late payment f...
The evolution of money has gone through five stages. The first stage is barter. Barter is one of the first monetary systems, and it simply consists of trading a product or service for other products and services. The second stage was the use of commodities to speed up the process of exchange. Groups of people got together and agreed on certain items that represented value – seashells, stones, colored gems, beads, cattle, goats, gold, and silver. Gold and silver are till the international standard accepted as money. The third stage of money is called receipt money. In order for the wealthy to keep their gems and precious metals safe, they turned them over to people they trusted and were given a receipt for those items. This practice was the actual start of the use of banks. The use of receipt money allowed the speed and safety of business to improve. Fractional reserve receipt money is the fourth stage of money. Because the bankers’ vaults were filling up with the commodities of gold, silver and gems, they understood that their customers really didn’t have any use for the actual commodities themselves; and the receipts were more convenient for the business because they were safer, lighter and easier to carry. As a way to make more money, bankers began lending wealth instea...
a scanning devise that reads reading the bottom of the checks for account routing information. While the actual Dollar a real life person inputs amount of the check with a ten key keypad for entering in numbers in a designated area of the check for accuracy of currency. This method is extremely fast and accurate for banks so that they can process thousands of checks in a timely manner.
Clearing of bank mechanism include collection and payments of cheque, demand draft, payment regulate and dividend warrant etc. it’s a best service offer by the bank. It helps the customers a lot necessary role of commercial bank is to accept deposit and to honor cheque drawn upon them. Typically cheques are used for the payment making to account holder. Collection and payments of instrument are known as outward and inward clearing. During my training in clearing department Mr. Usman help me to improve my learning.
4) In the occasion that banks require more cash, they basically print progressively or summon more digits in their electronic records. This system is viable abused and gamed by banks since paper money is fundamentally paper checks with a certification to have regard, with no genuine physical gold off camera to back those
Communication modern technological tools that have been enhanced by Information Technology are having an impact on changing the very structure and communication of banking. That is, clients are enabled to make their banking transactions whenever and wherever they want. Bank clients, by just logging on their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes ( 2000, p.591) 'electronic checks provide consumers with the benefits of convenience and safety while allowing billers to maintain their existing depository relationships with their banks'. Further, e-mails has enabled bank employees to notify their customers of any new enhanced bankin...