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Deposit Processor Jobs in Chicago, IL (NOW HIRING)

Alliant

Sr. Manager Deposit Products

Chicago, IL · On-site

$133K - $229K/yr

Manage deposit and transactions by developing and maintaining a comprehensive roadmap to build ... Adhere to and ensure compliance of all business transactions with policy and process of the Bank ...

Wintrust

Deposit Strategies Portfolio Manager

Rosemont, IL · On-site

$80K - $100K/yr

Summary The Deposit Strategies Portfolio Manager will: Manage customer service for a designated ... Ensure clear communication with clients throughout the resolution process and identify root causes ...

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $75K/yr

... client's depository account and approving final disbursement with escrow agents; * ensuring that ... The Loan Processor should be able to calculate interest accrued, pay-off amounts, penalties and ...

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $75K/yr

... client's depository account and approving final disbursement with escrow agents; * ensuring that ... The Loan Processor should be able to calculate interest accrued, pay-off amounts, penalties and ...

Robert Half

Accounting Clerk

Chicago, IL · On-site

$55K - $70K/yr

Apply and research client payments and prepare deposits * Process and code invoices for payment * Prepare related journal entries * Assist in Employee Expense/Company Credit Card processing ...

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All JobsDeposit Processor JobsDeposit Processor Jobs in Chicago, IL

Deposit Processor information

See Chicago, IL salary details

$9

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$26

How much do deposit processor jobs pay per hour?

As of Sep 9, 2026, the average hourly pay for deposit processor in Chicago, IL is $17.25, according to ZipRecruiter salary data. Most workers in this role earn between $13.85 and $19.81 per hour, depending on experience, location, and employer.

What is a deposit processor?

Deposit Processors are financial professionals responsible for handling and verifying deposits made by customers at banks, credit unions, or other financial institutions. Their duties typically include reviewing deposit slips, ensuring accuracy of transaction information, processing electronic and physical deposits, and maintaining accurate records. They may also resolve discrepancies, communicate with customers or internal departments as needed, and ensure compliance with regulations and institution policies. Attention to detail and knowledge of banking procedures are essential for success in this role.

What are the key skills and qualifications needed to thrive as a deposit processor?

To thrive as a Deposit Processor, you need strong attention to detail, numerical accuracy, and a high school diploma or equivalent. Familiarity with banking software, document imaging systems, and electronic funds transfer platforms is typically required. Excellent organizational skills, reliability, and effective communication set top performers apart in this role. These abilities are crucial for ensuring deposits are processed accurately and efficiently, reducing errors and maintaining client trust in financial transactions.

How does a deposit processor typically interact with other departments within a financial institution?

As a Deposit Processor, you will frequently collaborate with departments such as Customer Service, Compliance, and Accounting. You may need to clarify deposit discrepancies with customer service representatives, ensure all transactions meet regulatory standards by working with the compliance team, and reconcile daily deposit totals with the accounting department. Effective communication and attention to detail are essential, as your role directly impacts the accuracy and efficiency of the institution’s financial operations.

What is the difference between Deposit Processor vs Bank Teller?

AspectDeposit ProcessorBank Teller
CredentialsHigh school diploma; some roles may require banking or financial certificationsHigh school diploma; customer service experience often preferred
Work EnvironmentBack-office, data entry, and transaction processing in financial institutionsFront-line customer service at bank branches
Employer & IndustryFinancial institutions, banks, credit unionsRetail banks, credit unions, financial service providers
Primary DutiesProcessing deposits, verifying transactions, managing account dataAssisting customers, cash handling, account inquiries

While both roles work within banking environments, Deposit Processors focus on back-office transaction processing, whereas Bank Tellers interact directly with customers. Understanding these differences helps clarify career paths and job expectations in the banking industry.

What cities near Chicago, IL are hiring for Deposit Processor jobs?

Cities near Chicago, IL with the most Deposit Processor job openings:

Deposit Processor jobs near you
Infographic showing various Deposit Processor job openings in Chicago, IL as of September 2026, with employment types broken down into 66% Full Time, 13% Part Time, 7% Temporary, 7% Contract, and 7% Nights. Highlights an 86% In-person, 7% Hybrid, and 7% Remote job distribution, with an average salary of $35,872 per year, or $17.2 per hour.

Sr. Manager Deposit Products

Chicago, IL • On-site

Alliant
See more jobs at Alliantexternal

$133K - $229K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 26 days ago

Key responsibilities

  • Own consumer deposit product suite and develop product roadmaps to provide financial value and attract members

  • Partner with marketing and operations teams to develop and execute deposit growth strategies, ensure compliance, and improve member experience

  • Provide ongoing reporting, analyze portfolio performance, and prioritize product enhancements based on member feedback and market conditions

Alliant Insurance Services rating

8.7

Company rating: 8.7 out of 10

Based on 23 frontline employees who took The Breakroom Quiz

72nd of 315 rated insurance

Job description

Manage deposit and transactions by developing and maintaining a comprehensive roadmap to build competitive, profitable deposit products that support the member experience. Develop a comprehensive go-to-market strategy for deposit products including product acquisition, retention, engagement, and multi-product. Responsible for competitive intelligence, member experience improvement, and product reporting.
Essential Responsibilities
  • Own consumer deposit product suite as governed by regulations, terms, conditions, and financial value
  • Develop robust product roadmaps designed to provide financial value to members and attract new members
  • Seek and develop opportunities to improve member experience and reduce friction
  • Assess marketplace competition around product offerings, pricing, and experience. Create product pricing strategies based on competitive analysis, costs, and balance sheet and present to leadership for alignment
  • Identify opportunities for product revisions and for new products based on market input and competitive assessments. Develop product specifications and identify required resources for development
  • Partner with other areas such as plastic card operations to ensure operational excellence and expected member debit & payment experience
  • Partner with other teams such as marketing to develop and execute deposit and member growth marketing campaigns. Ensure disclosures and marketing materials are compliant with relevant regulations
  • Provide ongoing monthly and annual reporting and analysis for the portfolio
  • Prioritize a backlog of deposit product enhancements against member feedback and market conditions
  • Maximize financial performance of the deposits and new member growth
  • Develop annual business plan direction for deposits and assigned
  • Maintain a current knowledge of changing legislation and regulatory climate and recommend changes to products and services
  • Plan, oversee and lead the work of the team to meet functional and individual operational objectives and goals. Coach, mentor, and develop staff, including overseeing new employee onboarding and providing career development planning and opportunities. Responsible for hire, fire, performance, discipline and problem-resolution decisions

Education & Years of Experience
  • Minimum- 4 Year Bachelors Degree in Marketing or Related
  • Preferred - Graduate Degree in Marketing or Related
  • Minimum - 7 Years Marketing, product management or related
  • Minimum - 3 Years People Management
  • Preferred - 3 Years Deposit product management

In Lieu of Education
  • 10 Years Marketing, product management, deposit product management including people management

Compensation & Benefits:
Typical hiring range: $133,700.00 to $229,200.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
  • Annual performance bonus
  • Work from home up to 3 days a week
  • Paid parental leave
  • Employee discount programs
  • Time off including paid personal and sick days
  • 11 paid holidays
  • Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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