New Accounts Clerks: Salary, Job Description, How To Be One and More

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New Accounts Clerks jobs information
pros and cons of being a New Accounts Clerk

New Accounts Clerks

Other names for this job might include Administrative Assistant, Application Processor, Bank Representative, Banking Services Clerk, Consumer Banker, Customer Service Officer, Customer Service Representative, Customer Service Specialist, Financial Service Representative, Financial Services Counselor


  • $35820
    Salary
  • 66%
    Job satisfaction
  • Easy
    Becoming one
  • Bad
    Job growth
OwlGuru Rank

C



New Accounts Clerks: Know It All In 1 Minute


In this career summary, you will find out what the job of A New Accounts Clerk is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

New Accounts Clerks interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.

  • Answer customers’ questions, and explain available services such as deposit accounts, bonds, and securities.
  • Compile information about new accounts, enter account information into computers, and file related forms or other documents.
  • Inform customers of procedures for applying for services such as ATM cards, direct deposit of checks, and certificates of deposit.
  • Perform teller duties as required.

Read more about what does A New Accounts Clerk really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$35820 per year

Hourly wage
$17.22 an hour


New Accounts Clerks with little to no experience tend to make between $25860 and $29460 while the more experienced ones make over $40180 per year.

Top 5 paying statesHourlyAnnual
DC$21.41$44530
NJ$21.14$43970
CT$20.34$42310
DE$20.09$41780
CA$19.97$41540

1 of the easiest ways to increase your salary as A New Accounts Clerk is to move to a higher paying state like DC. Right now, the highest paying states for New Accounts Clerks are DC, NJ, CT, DE and CA.

However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A New Accounts Clerk is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful New Accounts Clerks make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
High School Diploma (or GED)

We asked other New Accounts Clerks what degree they had when they got the job and most of them said they had a High School Diploma followed by Some college courses.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Banking and Financial Support Services

Another popular question from our readers is what makes A New Accounts Clerk successful or would they be good in this career.

Well, we found that most successful New Accounts Clerks have these 5 skillsets.

Active Listening
Speaking
Reading Comprehension
Service Orientation
Critical Thinking

In addition to that, 1 common characteristic among successful New Accounts Clerks is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Attention to Detail
Cooperation
Self Control
Dependability
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A New Accounts Clerk and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A New Accounts Clerk as your career.

PROS
Suitable for people who likes to follow routines
Suitable for people who wants to work in a supportive work environment
This career is perfect for people who love to work indoors.
It is easy to get into this career. Some previous workrelated skill, knowledge, or experience is required for this career.
CONS
Not suitable for people who likes to work with designs
One of the lowest paying jobs
Demand for this career is declining


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
66%

Is this job meaningful
48%


Working hours
Less than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week New Accounts Clerks work Less than 40 hours per week.

66% of New Accounts Clerks said they were satisfied with their job and 48% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



How we can help

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Rank: D
Salary: $26650

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Rank: C
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They interact with customers to provide information in response to inquiries about products and services and to handle and resolve complaints.
Rank: B
Salary: $35540

They locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
Rank: C+
Salary: $38740

They process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party’s specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.
Rank: D
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They accommodate hotel, motel, and resort patrons by registering and assigning rooms to guests, issuing room keys or cards, transmitting and receiving messages, keeping records of occupied rooms and guests’ accounts, making and confirming reservations, and presenting statements to and collecting payments from departing guests.






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Career type

Office and Administration
Administrative and Information Support
Banking and Related Services

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Job Description
Salary
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Related to New Accounts Clerks Career Information

New Accounts Clerks job description, New Accounts Clerks salary, New Accounts Clerks information, what is the job of a New Accounts Clerk like, pros and cons about New Accounts Clerks, colleges and universities for New Accounts Clerks, is New Accounts Clerks the right career for me, Easy careers to get into, careers in Office and Administration

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm
http://www.aba.com/
https://www.mba.org/

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New Accounts Clerks
Written by: Stanley Tan
New Accounts Clerks interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.
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