CLASSIFICATION DIGEST 2.0
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Classification Digest 2.0→Class Code List→Class Code 8855→Phraseology and Description
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Class Code Information

Phraseology

Bank and Trust Companies – All Employees & Clerical, Outside Salespersons, Drivers

Description

Code 8855 applies to financial institutions that receive, lend, exchange, and safeguard money.  It includes traditional saving and loan institutions as well as credit unions and commercial banks.  Services include providing savings and checking accounts, certificates of deposit, safe deposit box rentals, and mortgages.  This classification includes, but is not limited to, bank managers, tellers, loan officers, security personnel, armed and unarmed attendants, ushers, door attendants, runners, messengers, janitorial and maintenance personnel and real estate appraisers that are largely engaged in appraising the value of private dwellings. 

Customers of these types of institutions can be other commercial enterprises as well as individuals.  These institutions generally employ tellers, who help customers open accounts, make deposits or withdrawals, and loan officers, who process loan applications and service accounts.

This classification also applies not only to “brick and mortar” banks but online banks as well.  Online banks offer similar services, such as savings and checking accounts, certificates of deposit, and mortgages, but online banks may not have a physical location that customers can visit, but they transact business via the internet and by other means.

Assignment by Analogy

• Armored car crews – (not applicable to contractors who provide such services)
• Employees engaged in care, custody or maintenance – including night watchmen, elevator operators and starters
• Special officers, attendants, ushers, doormen, runners or messengers

Operations to be Separately Rated

  1. Check cashing establishments.  Refer to Code 8810 “Clerical Office Employees – NOC.”

  2. Insurance companies that assume risk in exchange for premium.  Refer to Code 8723 “Insurance Companies & Clerical, Salespersons.”

  3. Brokerage and financial consulting companies, credit card companies and credit collection agencies:
    1. For clerical office employees.  Refer to Code 8810 “Clerical Office Employees – NOC.”
    2. For outside salespersons.  Refer to Code 8742 “Salespersons, Collectors or Messengers – Outside.”

 

Industry Group

Professional and Office