SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Process Banking Transactions 
SAQA US ID UNIT STANDARD TITLE
114756  Process Banking Transactions 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
7306  Process banking transactions  Level 5  Level TBA: Pre-2009 was L5  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for people who process banking transactions.

A person credited with this unit standard will be able to:
  • identify the customer's requirements
  • check and process the transactions
  • finalise the transaction. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    Banking transactions include withdrawals: Cash cheques, Cheques requiring BoP stamp, Order cheques, Traveler's cheques, Credits outstanding cheques, Bank cheques, Special Clearance, Credit card withdrawals, Cash requisitions - Deposits: Cash deposits, Cheque deposits, Cash and cheque deposits, Travelers cheques - Statements: Mini Statements, Balances, Money Orders and Transfers. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify customer requirements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The customer is greeted and his/her requirements are established in accordance with business specific requirements. 

    ASSESSMENT CRITERION 2 
    The customer's request is accepted and confirmed. 

    ASSESSMENT CRITERION 3 
    Information and or appropriate solutions are provided to meet specific customer requirements 

    SPECIFIC OUTCOME 2 
    Check and process transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The ability to identify and differentiate between all financial transactions is demonstrated for the complete range. 

    ASSESSMENT CRITERION 2 
    All financial transaction details and supporting documentation is verified in accordance with legal and business specific requirements (evidence is required for the complete range) 

    ASSESSMENT CRITERION 3 
    All financial transactions are processed accurately and efficiently in accordance with legal and business specific requirements. (evidence is required for the complete range). 

    ASSESSMENT CRITERION 4 
    All laid down company specific procedures are followed to prevent fraudulent transactions relating to notes, cheques and deposits. 

    SPECIFIC OUTCOME 3 
    Finalise the transaction. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The customer is provided with authentic evidence of the completed transactions in accordance with business specific requirements. 

    ASSESSMENT CRITERION 2 
    The transaction is concluded in accordance with business specific requirements. 

    ASSESSMENT CRITERION 3 
    Processed financial entries are stored or forwarded in accordance with business specific requirements. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
    2. Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

    Therefore anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution, which is accredited by the relevant ETQA. or by an ETQA that has a Memorandum of Understanding with the relevant ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • the balancing of debits and credits.
  • Foreign Currencies and Foreign Travelers Cheques
  • signing arrangements. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems when providing the customer with appropriate information based on their judgment of what the needs are, differentiating between the different transaction types and deciding on the appropriate procedure of processing the transactions. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively when giving the customer feedback and advice on their requests. 

    UNIT STANDARD CCFO SCIENCE 
    Use technology effectively when processing transactions in the computer system. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    As from the date of registration of this unit standard, it replaces unit standard ID: 7306, which was "Process Banking Transactions", Credits 5, NQF Level 4.

    Legal requiements
  • Know Crossings and Markings on cheques as stipulated in the Banks Act.
  • Know and understand Money Laundering Act
  • Code of Banking Practice 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Compuscan Academy 
    5. Cornerstone Performance Solutions (Pty) Ltd 
    6. Felix Risk Training Consultants 
    7. Firstrand Bank - Benmore 
    8. Nedbank Ltd 
    9. The Facilitation Workshop 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.