Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.
Time card
| Mine | Task, by time spent | Human | With AI | AI | Robot |
|---|---|---|---|---|---|
| Receive checks and cash for deposit, verify amounts, and check accuracy of deposit slips.1h 13m a shift · Robots deployed · e.g. Envelope-free deposit-automation ATMs (Peoples Exchange Bank ATM fleet) | |||||
| Cash checks and pay out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds.1h 5m a shift · Robots deployed · e.g. AmeriCU Credit Union Interactive Teller Machines (ITMs) | |||||
| Balance currency, coin, and checks in cash drawers at ends of shifts and calculate daily transactions, using computers, calculators, or adding machines.36m a shift · Robots deployed · e.g. Teller cash recyclers at Cooperative Center Federal Credit Union, Berkeley CA | |||||
| Enter customers' transactions into computers to record transactions and issue computer-generated receipts.36m a shift · No AI or robot evidence found | |||||
| Count currency, coins, and checks received, by hand or using currency-counting machine, to prepare them for deposit or shipment to branch banks or the Federal Reserve Bank.29m a shift · Robots deployed · e.g. Teller Cash Recycler (branch deployments) | |||||
| Resolve problems or discrepancies concerning customers' accounts.29m a shift · No AI or robot evidence found | |||||
| Answer telephones and assist customers with their questions.29m a shift · No AI or robot evidence found | |||||
| Examine checks for endorsements and to verify other information, such as dates, bank names, identification of the persons receiving payments, and the legality of the documents.22m a shift · No AI or robot evidence found | |||||
| Process transactions, such as term deposits, retirement savings plan contributions, automated teller transactions, night deposits, and mail deposits.22m a shift · Robots deployed · e.g. NCR SelfServ ATM with Scalable Deposit Module (SDM) / deposit automation | |||||
| Explain, promote, or sell products or services, such as travelers' checks, savings bonds, money orders, and cashier's checks, using computerized information about customers to tailor recommendations.22m a shift · No AI or robot evidence found | |||||
| Carry out special services for customers, such as ordering bank cards and checks.15m a shift · No AI or robot evidence found | |||||
| Obtain and process information required for the provision of services, such as opening accounts, savings plans, and purchasing bonds.15m a shift · No AI or robot evidence found | |||||
| Monitor bank vaults to ensure cash balances are correct.7m a shift · Robots only in factory cells | |||||
| Prepare and verify cashier's checks.7m a shift · Robots deployed · e.g. Image-deposit ATMs with inline check scanning (Digital Check Clear Inline) | |||||
| Identify transaction mistakes when debits and credits do not balance.7m a shift · No AI or robot evidence found | |||||
| Sort and file deposit slips and checks.7m a shift · Robots only in factory cells | |||||
| Receive and count daily inventories of cash, drafts, and travelers' checks.7m a shift · Robots deployed · e.g. Teller cash recyclers deployed on bank/credit union teller lines | |||||
| Order a supply of cash to meet daily needs.7m a shift · No AI or robot evidence found | |||||
| Arrange monies received in cash boxes and coin dispensers according to denomination.7m a shift · Robots deployed · e.g. Glory Vertera / RBG teller cash recyclers | |||||
| Receive mortgage, loan, or public utility bill payments, verifying payment dates and amounts due.7m a shift · Robots deployed · e.g. Chase deposit-automation ATM (bill payment / pay with cash function) | |||||
| Count, verify, and post armored car deposits.7m a shift · Robots only in factory cells | |||||
| Perform clerical tasks, such as typing, filing, and microfilm photography.7m a shift · Observed in AI use | |||||
| Compute financial fees, interest, and service charges.7m a shift · No AI or robot evidence found | |||||
| Process and maintain records of customer loans.7m a shift · No AI or robot evidence found | |||||
| Compose, type, and mail customer statements and other correspondence related to issues such as discrepancies and outstanding unpaid items.time not estimated · No AI or robot evidence found | |||||
| Quote unit exchange rates, following daily international rate sheets or computer displays.time not estimated · No AI or robot evidence found | |||||
| Issue checks to bond owners in settlement of transactions.time not estimated · Robots deployed · e.g. Capital One Cashier's Check Kiosk (CCK) | |||||
| Inform customers about foreign currency regulations and compute transaction fees for currency exchanges.time not estimated · No AI or robot evidence found |
