While the receiving teller commences the day without any money on hand, the paying teller must be provided with a sufficient amount to meet the ordinary demands of the day at least, and should see before the opening for business that his cash is properly and conveniently done up in packages or arranged loose so that it may be readily paid out to customers. As a rule, a bank pays at its counter only checks drawn upon itself, although sometimes, as an accommodation to good customers, it "cashes" checks on other banks.

When a check drawn on the bank is presented for payment, the teller should carefully examine it to assure himself of the genuineness of the signature and as to the amount called for. If the amount written in the body of the check does not agree with the amount shown in figures, then the written amount should determine the amount to be paid. If the teller has any doubt whether the drawer of a check has a sufficient amount to his credit, he should inquire of the bookkeeper keeping the depositor's account before paying the check, and be governed accordingly. If necessary to refuse payment of a check, he should simply say that the account is not good for amount of the check, and the bank is under no obligation to inform the person presenting the check how much, if anything, the drawer of the check has to his credit in the bank, unless the check is presented by the drawer or his proper representative. If the teller has any doubt as to the genuineness of the signature, he should carefully compare it with the signature of the drawer on file in the bank. In case a bank pays a check on a forged signature it must bear the loss so incurred. If a check is payable to the order of a certain person and is presented by that person, the teller, if he does not personally know him, should require him to identify himself as the right person through some other person known to the teller, and to endorse the check before it is paid. If a check drawn to order and endorsed is presented by some person other than the endorser, the teller should satisfy himself that the endorsement is genuine, that the check is in proper hands, and further, require the person presenting it to endorse it also. Especial care should be exercised by the teller in cashing checks drawn on other banks for customers to see that they are apparently good; and all such checks cashed, whether or not payable to order, should be endorsed by the person receiving the money for them. As the teller pays a check he should enter the name of drawer and amount in a memorandum book, separating checks on other banks from checks on his own bank, and should stamp it "paid" with a rubber stamp bearing also the name of the bank and the date of payment. Before leaving his custody, all checks on his own bank should be cancelled, so as to prevent improper use of them in dishonest hands. During the day checks paid should be charged up to the accounts of depositors on the individual ledger by the bookkeeper, who should make his entries from the checks themselves. At the close of business the teller should foot up his memorandum of all checks, etc., paid or cashed during the day, and deduct the amount of same from the amount of cash on hand at the beginning of business; the balance remaining should be represented by actual cash, checks, or memoranda on hand, which he should verify by actual count. After receiving all cash, checks on other banks, post-office orders, etc., from the receiving teller, he should make a final statement of the day's transactions and of all cash, checks, etc., in his custody, in a book, in printed form something like the following :