Q:

How do you learn to become a bank teller for free?

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Quick Answer

Apply to join the BankWork$ program, which provides free training for young adults from minority and low-income communities who plan to become bank tellers or pursue other careers in the financial services industry, states BankWork$. Training takes eight weeks. The program also provides job interview practice, job placement assistance and mentoring to aid career advancement. Free online bank teller training courses are available through the Federal Reserve Bank of New York and certain educational institutions, according to Learn.org.

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Full Answer

The brainchild of the Sheri and Les Biller Family Foundation, the BankWork$ program has been running since 2006, according to the program's website. As of January 2016, the program operates in San Francisco, Phoenix, Los Angeles, Seattle and Portland of Oregon. In partnership with Wells Fargo, Bank of America and the U.S. Bank, the foundation plans to extend the program to between 12 and 15 cities by 2018.

Online bank teller training, similarly to its offline counterpart, prepares trainees to fit into the busy world of banking, notes the Houston Chronicle. Topics are typically less than 60 minutes long and cover aspects of banking that include debits and credits, balancing procedures, payment processing, deposit types and endorsements. Trainees also learn about regulations relating to the financial industry such as the Consumer Privacy Act and the Community Reinvestment Act.

Most tellers possess high school diplomas and receive roughly one month of on-the-job training, says the Bureau of Labor Statistics. Average pay for the profession was $25,760 in 2014.

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