Do You Need to Have Good Credit to Be a Bank Teller?

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Do you want to become a bank teller? Ambitious and young people have to go through a number of steps and submit requirements before being eligible for employment as tellers. You have to possess certain traits required by most employers. Banking facilities have distinct requirements when it comes to personal qualifications but the standard prerequisites are almost the same. These include high school diploma or the corresponding General Educational Development test; computer literacy; minimum of six months experience in cash management; and, customer service knowledge. It is also imperative to pass criminal background and finger printing checks a well as the traditional drug tests. When you research further on how to become a bank teller, you will find out that banks will never hire people who have doubtful integrity and lack of trustworthiness. Employers will never hire individuals who show the propensity to misappropriate funds.

Value of Personal Credit Background

Tellers are entrusted with huge amounts of money. These employees facilitate loans and mortgages as well as take care of financial accounts. Thus, you can only become a bank teller only if you manage to show a good credit rating. Your FICO score should at least be 620 and above. The FICO is a credit rating which makes up a large component of the credit report that lending firms use in evaluating credit risks of loan applicants. FICO means Fair Isaac Corporation which conceived this scoring system.

The potential bank teller must not be involved in financial problems like hefty debts, insolvencies and legal summons that are normally sent to debtors. However, security and reference checks made by banking corporations usually take a lot of time. Hence, you can be considered for bank teller jobs and be given a probationary status. Any negative feedback regarding credit standing may compel employers to terminate the employment contract of these temporary tellers. The bottom line is to take care of your credit records so you will not have any issues in case checks are made in relation to this issue. The credit report includes information about credit history. It may encompass the payment history, credit card balances and any adverse information like missed payments on your cards. Banking institutions usually commission agencies to conduct these checks so it pays off to be careful and prepare for these situations. You need to be prepared for any eventuality if you want to become a bank teller.

Source by Andy Clay Ford

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