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 THAT HAS PASSED THE END DATE: 

Process banking transactions 
SAQA US ID UNIT STANDARD TITLE
7306  Process banking transactions 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
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 5  Level TBA: Pre-2009 was L5  5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2003-12-03  2004-08-11  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-08-11   2008-08-11  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
114756  Process Banking Transactions  Level 4  NQF Level 04  5   

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 and finalise the transaction. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open 

UNIT STANDARD OUTCOME HEADER 
Identify Customer Requirements 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify Customer Requirements. 

ASSESSMENT CRITERIA 

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

ASSESSMENT CRITERION 2 
2. The customer's request is either accepted and confirmed or the customer is advised why the request cannot be accepted. 

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

SPECIFIC OUTCOME 2 
Check and Process Transactions. 
OUTCOME RANGE 
Withdrawals: Cash cheques, Order cheques, Travellers cheques, Credits outstanding cheques, Bank cheques, Credit card withdrawals, Cash requisitions - Deposits: Cash deposits, Cheque deposits, Cash and cheque deposits, Travellers cheques - Statements: Mini Statements, Balances. 

ASSESSMENT CRITERIA 

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

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

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

ASSESSMENT CRITERION 4 
4. All laid down company specific procedures are followed to prevent fraudulent transactions. 
ASSESSMENT CRITERION RANGE 
Notes, Cheques, Deposits.
 

SPECIFIC OUTCOME 3 
Finalise the transaction. 

ASSESSMENT CRITERIA 

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

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

ASSESSMENT CRITERION 3 
3. Processed financial entries are stored or forwarded in accordance with company 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.

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.

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. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • understand the balancing of debits and credits.
  • know Foreign Currencies and Foreign Travellers Cheques
  • knowledge of the System
  • knowledge of signing arrangements 
    		•


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    To identify and solve problems when providing the customer with appropriate information based on their judgement 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 
    To communicate effectively when giving the customer feedback and advice on their requests. 

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

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 114756, which is "Process banking transactions", Credits 5, NQF Level 4 as from 11 August 2004.

    Legal Requirements:

    Know Crossings and Markings on cheques as stipulated in the Banks Act. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    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. AFRICAN BANK LTD 
    2. Chartall Business College 
    3. Damelin (Pty) Ltd 
    4. Felix Risk Training Consultants 
    5. Plumb Line Risk Alignment 
    6. Production Management Institute of Southern Africa (Pty) Ltd 
    7. Riverwalk Trading 151 CC trading as Culhane Consulting 
    8. Standard Bank Personal and Business Banking 
    9. The Academy of Financial Markets 
    10. The Institute of Literacy Advancement 
    11. THE SHERQ CENTRE OF EXCELLENCE PTY LTD 


    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.