Electronic Funds Transfer Coordinator

Compile and reconcile data involving electronic transfer of funds.
picture of Electronic Funds Transfer Coordinator

Quick Stats


Outlook
Good

Salary Range
$21,000 – $51,000

Data from U.S. Department of Labor


What do Electronic Funds Transfer Coordinators do?

Compiles and reconciles data involving electronic transfer of funds to maintain accounting records: Examines electronic funds transaction entries on documents, such as bank statements and printouts, for completeness and accuracy. Adds debits and credits, using adding machine or calculator, to ensure that figures balance. Identifies and corrects errors or calls customers, other bank personnel, or personnel from other financial institutions, such as correspondent banks, Automated Clearing House, or Federal Reserve Bank, to obtain information needed to reconcile differences. Posts transaction data to specified accounts, using ledger sheets or computer. May prepare checks to deposit funds in specified accounts. May transmit funds between specified accounts by wire [WIRES-TRANSFER CLERK 203.562-010].


Should I be an Electronic Funds Transfer Coordinator?

You should have a certificate degree or higher and share these traits:
  • Detail Oriented: You pay close attention to all the little details.
  • Team Player: You're able to listen, communicate, and work with tons of different people.
  • Independent: You enjoy flying solo and doing things your own way.

  • How to Become an
    Electronic Funds Transfer Coordinator

    Most Electronic Funds Transfer Coordinators have a Certificate or higher. Chart?chd=s:90tdaa&chl=no+college+%2838%25%29|certificate+%2832%25%29|associate%27s+%2812%25%29|bachelor%27s+%2818%25%29||&cht=p3&chs=466x180&chxr=0,38,38
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