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BASIC FINANCIAL MANAGEMENT (UNIT 1): BANKING

Level: Pre-Entry Level

In successfully completing this unit, the learner will haveEvidence needed

demonstrated the ability to

1. complete a sample bank application form

Summary sheet

2. identify two forms of ID required to open a bank account

Summary sheet

shown knowledge of

3. one reason why a person might have their application to open a bank account declined

Summary sheet

4. two different banks within the local area

Summary sheet

5. one difference between a current account and a savings account

Summary sheet

6. the terms 'interest rate' and 'overdraft'.

Summary sheet

Approved 27 Jun 2024

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