The note teller, sometimes called the "third teller," has important relations with the receiving teller's department, with the department of collections, and with that of discounts and loans. He shares with the receiving teller the duty of receiving and accounting for certain of the bank's funds. As we have already seen, some of the deposit items received by the second teller are turned over to the note teller for collection. Usually there are in the larger cities some banks or trust companies that are not members of the clearing house. Checks or sight drafts drawn upon these institutions must be collected by messengers of the bank receiving them. Usually payments may be made either in cash or in checks payable to the collecting bank drawn upon some bank that is a member of the clearing house. The proceeds of these city collections come into the hands of the note teller. He also receives through the correspondence department, money and checks from out-of-town collections, and, as his title implies, he receives all payments upon notes discounted or purchased by the bank or deposited by customers for collection.

The collection clerk has charge of such time items as notes and time drafts which are not yet due and which must be held for maturity. When the time comes for collection, however, he turns over to the note teller the items payable in the city, while out-of-town items are turned over to the corresponding clerk. The corresponding clerk sends these items by mail to their proper destination, and where there is no mail teller he receives the remittances which come in from these collections and turns them over to the note teller. Some banks have a mail teller who receives and accounts for these remittances. The larger city banks have a separate coupon clerk who attends to the collection of interest on bonds or of interest coupons. Some of them may be collected by the note teller's messengers and some through the corresponding department, but the receipts pass into the hands of the note teller.

At the close of each day's work the note teller makes up a record of his receipts and prepares a "proof." His cash is turned over to the paying teller, and his checks are sorted and listed on slips to be added to the receiving teller's clearing house "exchange." Many such checks may come in the early morning mail and in the city banks it requires a large force of clerks to get these remittances ready for the clearing house.1