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New Accounts Clerk

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What Does it Take to Be a New Accounts Clerk?

Position Description Interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.

A Day in the Life of a New Accounts Clerk

  • Compile information about new accounts, enter account information into computers, and file related forms or other documents.
  • Interview customers to obtain information needed for opening accounts or renting safe-deposit boxes.
  • Execute wire transfers of funds.
  • Schedule repairs for locks on safe-deposit boxes.
  • Answer customers’ questions and explain available services, such as deposit accounts, bonds, and securities.
  • Duplicate records for distribution to branch offices.

What Every New Accounts Clerk Should Know

New Accounts Clerks state the following job skills are important in their day-to-day work.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking: Talking to others to convey information effectively.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Service Orientation: Actively looking for ways to help people.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.

Types of New Accounts Clerk

  • New Accounts Banking Representative
  • Consumer Banker
  • Administrative Assistant
  • Sales Specialist
  • Retail Service Representative

Job Outlook for New Accounts Clerks

There were about 42,000 jobs for New Accounts Clerk in 2016 (in the United States). There is little to no growth in job opportunities for New Accounts Clerk. There will be an estimated 4,000 positions for New Accounts Clerk per year.

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The states with the most job growth for New Accounts Clerk are Utah, Iowa, and Texas. Watch out if you plan on working in Illinois, Wyoming, or Colorado. These states have the worst job growth for this type of profession.

Salary for a New Accounts Clerk

The typical yearly salary for New Accounts Clerks is somewhere between $26,460 and $50,100.

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New Accounts Clerks who work in Rhode Island, District of Columbia, or New Jersey, make the highest salaries.

How much do New Accounts Clerks make in different U.S. states?

State Annual Mean Salary
Alabama $34,800
Alaska $38,490
Arizona $38,780
Arkansas $32,350
California $41,070
Colorado $35,880
Connecticut $43,960
Delaware $43,750
District of Columbia $47,550
Florida $40,860
Georgia $39,280
Idaho $35,340
Illinois $38,250
Indiana $35,510
Iowa $39,300
Kansas $32,530
Kentucky $36,050
Louisiana $34,240
Maine $40,300
Maryland $42,820
Massachusetts $42,450
Michigan $38,750
Minnesota $39,170
Mississippi $33,080
Missouri $32,020
Montana $34,130
Nebraska $34,470
Nevada $34,540
New Hampshire $35,070
New Jersey $42,970
New Mexico $35,310
New York $42,780
North Carolina $42,440
North Dakota $38,990
Ohio $35,810
Oklahoma $32,290
Oregon $36,870
Pennsylvania $36,350
Rhode Island $46,560
South Carolina $41,430
Tennessee $33,180
Texas $33,190
Utah $36,730
Vermont $35,040
Virginia $34,930
Washington $43,670
West Virginia $32,490
Wisconsin $38,110
Wyoming $35,380

Tools & Technologies Used by New Accounts Clerks

Although they’re not necessarily needed for all jobs, the following technologies are used by many New Accounts Clerks:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Web browser software
  • Data entry software
  • Email software
  • Word processing software
  • Microsoft SharePoint
  • Microsoft Internet Explorer
  • Microsoft Dynamics GP
  • IBM Lotus Notes
  • Accounting software
  • Financial needs analysis software

Becoming a New Accounts Clerk

What education is needed to be a New Accounts Clerk?

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How many years of work experience do I need?

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Where New Accounts Clerks Work

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The table below shows the approximate number of New Accounts Clerks employed by various industries.

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Those thinking about becoming a New Accounts Clerk might also be interested in the following careers:

References:

Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic

More about our data sources and methodologies.

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