How to Process a Bank Deposit
Bank deposits are regarded by most people as mundane transactions, something not worth waiting in line for. Many customers see a deposit as an additional hassle in their busy lives. For a bank teller, bank deposits are among the most fundamental of banking transactions, and dealing with them is a skill that can be honed to perfection. However, processing a bank deposit is far more complicated than it seems.
The transaction begins with the next customer arriving at the teller window. In this instant, the success of the deposit relies solely on the customer's perception of the teller. Don't say "Good afternoon" in a monotone. Instead, attain direct eye contact, smile, and greet the customer. The greeting can be your own innovation. Any successful greeting is the product of emphasizing positive emotions, regardless of your current mood. If you openly show probable exhaustion and stress from standing up all day, customers will find your appearance distasteful. If the customers see you as a positive figure, they will want to continue with the transaction in a non-belligerent manner.
The next phase of the transaction consists of analyzing the deposit slip. This phase requires keen observational and memorization skills. The deposit number is fifteen digits long, including the zeros. The problem lies in the handwriting of the customer. A customer may be able to correctly write down the account number, but that skill is rendered useless if the bank teller cannot read the handwriting. If such a predicament should occur, politely ask the customer to recheck the account number. A customer will predictably recite the account number aloud for you. As the number is said aloud, discreetly analyze the p...
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...ve a decent farewell. If it time is in the morning, say, "Have a great day!" If it is in the afternoon, say, "Have a good night!" Or, if it is Friday, say, "Have a great weekend!" This rule also applies to all day preceding or during holidays.
And finally, the transaction is done. The customer is gone; you have completed a deposit transaction. But you don't have time to bask in the great feeling of accomplishment. For the line of customers is still reaching toward the door of the bank, and there is still more time before your five o' clock relief will come. Look not at the time at the bottom corner of your computer screen, but at the line of customers impatiently waiting for you to call them to your window. So, swallow your satisfaction for a transaction well done; another transaction is about to happen. Thus the complicated procedure of deposits begins anew.
deposit to the total amount of the checks. After the deposit has been verified and all numbers are correct, the teller will then run the checks through the proof machine to be verified again.
For Tenth National Bank, we have reason to believe that the client intercepted the paper confirmation. After we sent the paper confirmation to the bank, we received an email from Lou Jennings stating that the bank forwarded the confirmation directly to their office instead of sending it to the audit team. In addition, Mr. Jennings provided login credentials and a link to the bank’s website, which did not appear to be reliable. As per the video, “How to Fight Confirmation Fraud”, presented by the founder of confirmation.com, Brian Fox, a fictitious website can be created easily. Our skepticism toward the reliability of the website is based on the unresponsiveness of most of the links on the site; the only link that works is the login button. In addition the website appeared dated and rudimentary. Another factor we found quite strange is that the website only offers paper statement deliveries, which we find highly unusual since paper statements are easier to modify. Furthermore, based on the tracking provided by USPS, the letter is still in the shipping process with no indication that Tenth National Bank has officially received the request for confirmation. This further supports our theory that Lou Jennings intercepted the Tenth National Bank confirmation letter. In our o...
"Good morning, and in case I don't see ya, good afternoon, good evening and goodnight".
[3] Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 20 percent.
There is no simple answer as to why domestic violence occurs (McCue 9). Domestic violence can transpire to anyone, yet the problem is over looked (“Abusive Relationships”). This is especially true when the abuse becomes psychological rather than physical (“Abusive Relationships”). When the abuse becomes emotional, it is minimized, but it can leave perdurable scars (“Abusive Relationships”).
For a long time, all groups of people on Earth were hunter-gatherers. Why did some of them being food production and why did they begin around 8500 B.C.? Thomas Hobbes described the life of hunter-gatherers as “nasty, brutish, and short.” They woke up each day knowing that they must obtain food to survive.
“broadly based subsistence, experimental agriculture, seasonal nomadism giving way to sedentism, and technological proliferation” (Lynch 1983:91). By the end of the Paleo-Indian times the shift to agriculture and cultivation came to a head during Pre-ceramic 2500 BC quinoa, maize, gourd, squash, potato, beans and lucuma were now utilized for agricultural domestication—the Formative stage according the Lynch (1983:91) ca. 2000 BC had “intensive agriculture, full sedentism, class systems, corporate labor projects, and temple-based religions.”
JPMorgan Chase is one of the largest and best known banks in the banking industry. JP Morgan Chase is a global financial service firm with operations in over 50 countries. With a CEO who is known as one of the banking industries top leaders it is obvious why they are in the top 10 of the fortune 500. Although JP Morgan Chase bank is one of the leaders in the industry I believe they are a long way away from being the most innovative bank around. Banks can be one of the most targeted locations for robberies which is why I find it important for them to protect their customers and themselves. Utilizing computerized bankers would be a good start to safety within their branches. Money should not be kept on the floor of any bank to avoid unnecessary situations.
money is spent then the shopper has on the current account, the last written check will be rejected and account will be
During this problem happen, there were 100 million transaction is being effected. The deleted information is reenter back to the bank computer system. This problem is take time to solve it. Because of this problem, the bank is promises to all the customer that being effected by this problem that they will reimburse the fires and the late payment f...
a scanning devise that reads reading the bottom of the checks for account routing information. While the actual Dollar a real life person inputs amount of the check with a ten key keypad for entering in numbers in a designated area of the check for accuracy of currency. This method is extremely fast and accurate for banks so that they can process thousands of checks in a timely manner.
The evolution of money has gone through five stages. The first stage is barter. Barter is one of the first monetary systems, and it simply consists of trading a product or service for other products and services. The second stage was the use of commodities to speed up the process of exchange. Groups of people got together and agreed on certain items that represented value – seashells, stones, colored gems, beads, cattle, goats, gold, and silver. Gold and silver are till the international standard accepted as money. The third stage of money is called receipt money. In order for the wealthy to keep their gems and precious metals safe, they turned them over to people they trusted and were given a receipt for those items. This practice was the actual start of the use of banks. The use of receipt money allowed the speed and safety of business to improve. Fractional reserve receipt money is the fourth stage of money. Because the bankers’ vaults were filling up with the commodities of gold, silver and gems, they understood that their customers really didn’t have any use for the actual commodities themselves; and the receipts were more convenient for the business because they were safer, lighter and easier to carry. As a way to make more money, bankers began lending wealth instea...
Communication modern technological tools that have been enhanced by Information Technology are having an impact on changing the very structure and communication of banking. That is, clients are enabled to make their banking transactions whenever and wherever they want. Bank clients, by just logging on their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes ( 2000, p.591) 'electronic checks provide consumers with the benefits of convenience and safety while allowing billers to maintain their existing depository relationships with their banks'. Further, e-mails has enabled bank employees to notify their customers of any new enhanced bankin...
From the very earliest anthropologists, up to as recently as a decade ago, many, if not most, anthropologists and archeologists viewed the transition to agriculture as a quick transformation from the hunter-gatherer lifestyle. This paper will give the history and ideas showing as to how agriculture was more likely developed over a long period of time rather than an “overnight” venture. Following this, the paper will separate the origin of agriculture into the origins of different geographical locations giving examples of the paradigm. Discussing methods of research showing that a fast transition is the least likely scenario, that agriculture was slow coming, beginning as merely a supplement to the hunter-gatherer lifestyle then developing into the large scale farming of today.
Customer present properly accomplished deposits slip with this instrument to the clearing teller. Clearing banker accept deposit slip and instruments and check deposit slip