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: 

Open a savings or transmission account for a personal banking customer 
SAQA US ID UNIT STANDARD TITLE
7236  Open a savings or transmission account for a personal banking customer 
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  2 
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
2026-06-30   2029-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is for persons who have primary contact with customers.
Persons credited with this unit standard will be able to establish the nature of a customer's needs, link the needs to an appropriate product and then obtain the necessary information and documents from the customer and open the account. 

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

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Establish the nature of the client's needs. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The reasons for the customer's request are established in discussion with the customer. 

ASSESSMENT CRITERION 2 
2. The specific transactional requirements are identified as confirmation of the customer's request. 
ASSESSMENT CRITERION RANGE 
Including but not limited to deposits, withdrawals, debit orders, and electronic access/banking.
 

SPECIFIC OUTCOME 2 
Link the customer's need to the appropriate product. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The customer's requirements are matched with the appropriate account product. 

ASSESSMENT CRITERION 2 
2. The specific features of the product are explained so that the customer can make an informed decision, in line with the Code of Banking Practice. 
ASSESSMENT CRITERION RANGE 
Including but not limited to cost, access to funds, minimum balance, charges, interest rates, banking options.
 

ASSESSMENT CRITERION 3 
3. The ways in which the use of the account can benefit the customer are outlined. 

ASSESSMENT CRITERION 4 
4. The customer's concerns are addressed politely and to the customer's satisfaction, in line with the Code of Banking Practice. 

ASSESSMENT CRITERION 5 
5. The customer's profile is evaluated against the bank's criteria to ensure profitability in opening the account. 
ASSESSMENT CRITERION RANGE 
Including but not limited to minimum balances, income, opening deposits.
 

SPECIFIC OUTCOME 3 
Open the account. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The terms and conditions for operating the account are explained in terms that the customer should understand in line with the Code of Banking Practice. 
ASSESSMENT CRITERION RANGE 
Including but not limited to access to funds, minimum balances, and pin numbers.
 

ASSESSMENT CRITERION 2 
2. The required documentation is collected and completed according to the bank's procedures. 
ASSESSMENT CRITERION RANGE 
Including but not limited to I.D., proof of employment.
 

ASSESSMENT CRITERION 3 
3. The required documentation is verified and signed as required by the bank. 

ASSESSMENT CRITERION 4 
4. Customer access to the account is arranged according to the bank's policy. 
ASSESSMENT CRITERION RANGE 
Including but not limited to ATM card, savings book.
 

ASSESSMENT CRITERION 5 
5. The customer contact is recorded according to the bank's policy. 

ASSESSMENT CRITERION 6 
6. The documentation is forwarded to the relevant department as per stipulated procedure. 


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 
  • Understanding of all relevant bank policies and procedures
  • Operating and computer systems knowledge, sufficient to obtain the necessary information and the task
  • Relevant product knowledge
  • Good customer relation skills 
    		•


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made when the specific transactional requirements are identified as confirmation of the customer's request. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation and community when the documentation is forwarded to the relevant department as per stipulated procedure. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information when the customer's requirements are matched with the appropriate account product. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations when the reasons for the customer's request are established in discussion with the customer. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems when the customer's profile is evaluated against the bank's criteria to ensure profitability in opening the account. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of society at large, by making it the underlying intention of any programme of learning to make an individual aware of the importance of:
  • reflecting on exploring a variety of strategies to learn more effectively;
  • participating as responsible citizens in the life of local, national and global communities;
  • being culturally and aesthetically sensitive across a range of social contexts;
  • exploring education and career opportunities; and
  • developing entrepreneurial opportunities.
  • The customer's concerns are addressed politely and to the customer's satisfaction, in line with the Code of Banking Practice when the customer's profile is evaluated against the bank's criteria to ensure profitability in opening the account. 
    		•

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

    UNIT STANDARD NOTES 
    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.

    Terminology:

    ATM - Automatic Teller Machine 

    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  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. AAR Trading and Projects (Pty) Ltd 
    2. Advanced Assessments and Training (Pty) Ltd 
    3. Africa Glory Empowerment Services 
    4. Assured Vocational Skills Institute (Pty) Ltd 
    5. Brainwave Project 707 Pty Ltd 
    6. Brainwave Projects 707 
    7. Compuscan Academy 
    8. DC Academy 
    9. Delmas Development Centre 
    10. Fachs Business Consulting and Training 
    11. Gigimo Tourism Academy 
    12. MAT 007 (PTY) LTD 
    13. Matibidi Raphela Investments (Pty) LTD 
    14. Octomate Education Pty Ltd 
    15. Octopus Training Solutions 
    16. Production Management Institute of Southern Africa (Pty) Ltd 
    17. RIAPHATHUTSHEDZA 
    18. Signa Academy (Pty) Ltd 
    19. Sinovuyolethu Trading (Pty) Ltd 
    20. 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.