Expand mobile version menu
  Skip to main content

Bank Teller

salary graphic

AVG. SALARY

$30,680

education graphic

EDUCATION

High school (GED) +

job outlook graphic

JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Decision Making -- Solution

Explain why she receives those charges and suggest she switch to a different account

You're a customer service representative (CSR) at a bank. Your client has a basic banking account that allows up to 15 free transactions per month. The basic monthly fee for the account is $4. However, for every additional transaction beyond the 15 free transactions, the client is charged 50 cents.

You can see that the client is averaging about 30 transactions per month. This costs her $7.50 extra per month, bringing up her monthly service charges to $11.50. Her charges over the past six months have ranged from $10 to $14 per month.

She wants to know why her service charges are so high. You explain the account's fee structure to her. Then you ask her if she's aware of your all-inclusive bank account. She doesn't know anything about it.

You take some time to explain what the all-inclusive bank account offers. At $10 per month, the fee is higher. However, paying this fee will actually save her money because she makes frequent transactions.

She is very interested in switching to the all-inclusive account. You make an appointment for her to meet with a personal banker to make the switch. The customer leaves happy, and the personal banker is grateful for your referral.

"Educating clients on products and services, explaining fee structures and helping them choose the right product for their needs will usually dissipate the problem and often turn a complaint into a compliment," says Shruti Jumani. She works on the banking team for a securities company. She came to the job after gaining experience as a CSR at a bank.


Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


Powered by XAP

OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.