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: 

Control bulk cash teller operations in a banking environment 
SAQA US ID UNIT STANDARD TITLE
114754  Control bulk cash teller operations in a banking environment 
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 3  NQF Level 03  3 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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
7125  Control bulk cash teller operations in a banking environment  Level 3  NQF Level 03  3   

PURPOSE OF THE UNIT STANDARD 
Persons credited with this unit standard will be able to:
  • Oversee teller operations
  • Control cash holdings
  • Run security checks
  • Handle requisitions for salaries and wages 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is recommended that this unit standard be completed in conjunction with the unit standards to process cash requisitions for salaries and wages , control note and special orders and clearances and transfer monies to and from the treasury. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Oversee teller operations. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    End of day balances are checked as required by the bank. 

    ASSESSMENT CRITERION 2 
    When differences are reflected in the balances, teller cash is checked according to the bank's procedures. 

    ASSESSMENT CRITERION 3 
    Cash is escorted to and from tellers according to the bank's procedures. 

    ASSESSMENT CRITERION 4 
    The teller area is secured as required by the bank. 

    ASSESSMENT CRITERION 5 
    A register is kept according to the bank's policy as to the movement of cash between tellers and the treasury. 

    SPECIFIC OUTCOME 2 
    Control cash holdings. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Estimate requirements of notes are received from tellers according to the bank's procedures. 

    ASSESSMENT CRITERION 2 
    Care is taken to ensure that cash holdings meet the estimate requirements from tellers as required by the bank. 

    ASSESSMENT CRITERION 3 
    Any additional steps are taken, where necessary and as required by the bank, to address the demand for or surplus of cash. 

    ASSESSMENT CRITERION 4 
    Security procedures are adhered to as required by the bank. 

    SPECIFIC OUTCOME 3 
    Run security checks. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Teller bundles are checked on a daily basis according to the bank's policy. 

    ASSESSMENT CRITERION 2 
    All bundles are checked in the manner required by the bank if any suspicions are aroused. 

    ASSESSMENT CRITERION 3 
    The total cash holding is checked against the balance sheets as required by the bank. 

    SPECIFIC OUTCOME 4 
    Handle requisitions for salaries and wages. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Cheque requisitions for salaries and wages are received according to the bank's procedures. 

    ASSESSMENT CRITERION 2 
    Client cheques are scrutinised against letters of authority to ensure that there are no discrepancies. 

    ASSESSMENT CRITERION 3 
    Cash requisitions for salaries and wages are prepared according to the bank's procedures. 

    ASSESSMENT CRITERION 4 
    Cash requisitions are passed on to payroll tellers as required by the bank. 


    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 
  • All relevant banking policies and procedures.
  • Workflow.
  • Operating and computer systems to locate the necessary information and complete the task.
  • Operational risk.
  • Relevant security precautions 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    To work effectively with others as a member of a team, group, organisation and community when teller enquiries are attended to promptly and in the manner required by the bank. 

    UNIT STANDARD CCFO ORGANISING 
    To organise and manage oneself and one's activities responsibly and effectively when cash is escorted to and from tellers according to the bank's procedures. 

    UNIT STANDARD CCFO COLLECTING 
    To collect, organise and critically evaluate information when any additional steps are taken, where necessary and as required by the bank, to address the demand for or surplus of cash. 

    UNIT STANDARD CCFO DEMONSTRATING 
    To demonstrate an understanding of the world as a set of related systems when care is taken to ensure that cash holdings meet the estimate requirements from tellers as required by the bank. 

    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 7125 which was "Control bulk cash teller operations in a banking environment", 3 credits, NQF level 3.

    Legal requirements

    All procedures must meet recognised codes of practice as well as obligations required under current legislation within South Africa and within the normal parameters of the defined job/task. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20184   National Certificate: Banking  Level 3  NQF Level 03  Passed the End Date -
    Status was "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. Fachs Business Consulting and Training 
    3. Octomate Education Pty Ltd 
    4. SIGNA ACADEMY (PTY) LTD 
    5. Trainers Without Borders 


    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.