Cash Processor Learnership Details
Company: SBV Services
Position: Cash Processor Contractor
Programme: Unemployed Banking Learnership
Location: Newcastle, KwaZulu-Natal
Reference Number: NCSBL1
Date: 29 September 2026
Age Requirement: 18–29 years
Qualification: Grade 12
Closing Date: Not specified in the supplied advert
What Will the Learner Do?
Successful candidates will be responsible for a range of cash-processing activities. These duties are designed to provide practical exposure to the processes involved in receiving, preparing, sorting, reconciling and securely transferring cash.
Receive Cash
The successful learner will be required to:
- Receive customer deposits and update the applicable systems.
- Follow all company policies and procedures.
- Comply with processes designed to minimise risks to the company and customers.
- Ensure that deposits are handled accurately and securely.
Prepare Cash on the Applicable System
Duties will include checking containers and bags before processing. Learners must inspect containers or bags for damage, tampering or other irregularities and report any anomalies to the Team Controller.
The learner will also:
- Acknowledge containers or bags on the applicable system.
- Process deposits according to agreed bank SLAs and SOPs.
- Prepare the workstation correctly for effective note counting.
- Ensure that cash is processed accurately and efficiently.
Note Sorting Responsibilities
Note sorting is an important part of the Cash Processor role. Learners will be expected to sort prepared deposits and notes within the required cut-off times.
Responsibilities include:
- Sorting deposits and notes for FDP/ACDP on the same day.
- Sending rejected notes to the Reject Teller together with the required documentation.
- Working with PCD cards, deposit slips and stop-loss bags during verification and balancing.
- Recording the client name, date, denominations, number of bundles and operator name on the production board.
- Balancing deposits accurately.
- Reporting differences to the Team Controller.
- Completing the production sheet.
- Ensuring that the required downtime register is completed when there is a machine breakdown.
- Ensuring end-of-day bundles are verified by the Team Controller.
- Participating in daily balancing and reconciliation procedures.
Reconciliation of ACDP Deposits
Learners may also be responsible for reconciling ACDP deposits. This involves checking rejected notes and validating the relevant information.
Duties include:
- Reconciling rejected notes.
- Manually checking rejected notes for counterfeit, dye-stained and mutilated notes.
- Performing cash transfers to the vaults.
- Completing end-of-day balancing and reconciliation of cash received.
- Handling shortages and surpluses according to the applicable Standard Operating Procedures.
Accuracy and attention to detail are particularly important because the position involves handling and reconciling cash.
Desktop Deposit Processing
Another important responsibility is desktop deposit processing.
The learner will need to:
- Check containers or bags for damage or tampering.
- Report any irregularities to the Team Controller.
- Acknowledge containers or bags on the applicable system.
- Keep deposits separate according to each customer.
- Ensure deposits are processed on the same day they are received.
- Process and balance deposits on the applicable system.
- Complete end-of-day cash balancing and reconciliation.
- Handle shortages and surpluses according to SOPs.
- Prepare deposits accurately for effective and efficient note counting.
Requirements
Applicants must meet the requirements specified in the advert.
Candidates must:
- Be 18 to 29 years old.
- Have Grade 12 / Matric.
- Have Mathematics and/or Literacy as required.
- Not have previously participated in the National Certificate: Banking programme.
Applicants should ensure that they meet the requirements before submitting their applications.
Why Consider a Banking Learnership?
A banking learnership can provide unemployed young people with an opportunity to gain practical workplace exposure while developing skills relevant to the financial services and cash-processing industry.
The Cash Processor role can expose learners to areas such as:
- Cash handling
- Deposit processing
- Banking systems
- Note sorting
- Cash reconciliation
- Balancing procedures
- Risk and compliance
- Standard operating procedures
- Workplace professionalism
- Customer deposit processing
The experience gained can help learners understand how professional cash-processing operations work in a structured business environment.
How to Apply for the Cash Processor Learnership 2026
Interested applicants should submit their applications through the official application process provided by the employer.