BANKSETA Learnerships: Requirements, Stipends and Careers

BANKSETA learnerships are among South Africa’s most sought-after work-based learning opportunities for young people interested in building a career in the banking and financial services sector. These programmes combine accredited classroom learning with practical workplace experience, allowing participants to earn a recognised qualification while gaining valuable industry skills.

Whether you are a recent matriculant, TVET graduate or university graduate, BANKSETA-funded learnerships can provide a pathway into employment with banks, insurance companies, microfinance institutions and other financial organisations.

Employer

Employer: Various BANKSETA-accredited employers

Programme: BANKSETA Learnership Programme

Location: South Africa (various provinces)

Programme Duration: Usually 12 months (varies by employer)

Employment Type: Learnership

Closing Date

Closing Date: Varies by employer. Applications open throughout the year depending on participating organisations.

What is BANKSETA?

The Banking Sector Education and Training Authority (BANKSETA) is responsible for developing skills in South Africa’s banking and microfinance sector. It works with employers, training providers and educational institutions to fund and support learnerships, internships, bursaries and other skills development programmes.

BANKSETA itself does not always recruit learners directly. Instead, participating banks and accredited employers advertise learnership opportunities funded or supported by BANKSETA.

Typical Learnership Fields

BANKSETA learnerships may be offered in:

• Banking
• Financial Services
• Business Administration
• Customer Service
• Insurance
• Call Centre Operations
• Information Technology
• Digital Banking
• Risk and Compliance
• Finance and Accounting
• Credit Management
• Microfinance

Requirements

Requirements vary by employer, but applicants are typically expected to:

• Be a South African citizen.
• Be between 18 and 35 years old (where specified).
• Be unemployed when applying.
• Have a Grade 12 (Matric) certificate.
• Meet the minimum subject requirements, often including English and Mathematics or Mathematical Literacy.
• Have good communication and computer skills.
• Have no criminal record.
• Be willing to complete both theoretical and workplace training.

Some learnerships require a diploma or degree depending on the programme.

Salary / Stipend

Stipend: Varies by employer and programme.

Many BANKSETA-funded learnerships provide a monthly stipend, although the amount differs between participating organisations. The stipend is intended to help cover transport and daily living expenses during the learnership.

Documents Needed

Applicants should prepare:

• Updated CV
• Certified ID copy
• Certified Matric certificate
• Certified qualifications (if applicable)
• Academic transcript (if required)
• Proof of residence (if requested)
• Driver’s licence (if required by the employer)

Career Opportunities

Completing a BANKSETA learnership can prepare learners for careers such as:

• Bank Teller
• Customer Service Consultant
• Call Centre Agent
• Financial Administrator
• Credit Administrator
• Branch Consultant
• Banking Operations Officer
• Compliance Administrator
• Sales Consultant
• Relationship Consultant
• Finance Clerk
• Digital Banking Support Officer

Although employment is not guaranteed, many employers recruit successful learners into permanent or fixed-term positions after completing their learnerships.

How to Apply

1. Monitor BANKSETA-accredited employers for available learnerships.
2. Read the advertised requirements carefully.
3. Prepare your supporting documents.
4. Complete the employer’s online or manual application.
5. Submit your application before the advertised closing date.
6. Attend assessments or interviews if shortlisted.

Official Application Link

Apply through the official careers websites of participating BANKSETA-accredited employers when opportunities are advertised.

Expert Guidance (Mbalizuke Nkosi)

Career expert Mbalizuke Nkosi advises applicants to prepare all required documents before applying. Ensure your CV is updated, your qualifications are certified where required, and submit your application well before the closing date to avoid technical issues. Always apply only through the employer’s official recruitment website and keep a copy of your confirmation for your records.

Explore Related Opportunities

Ready to take the next step in your  career? Browse these categories to find your perfect fit:

Recruitment services

Explore More Opportunities Here	2026
Internships	Bursaries
Learnerships	SETAs
General Worker Jobs	Career Guides
Apprenticeships	Student News
Scholarships	Fellowships
Government Vacancies	Training Programmes

View All Youth Opportunities

Frequently Asked Questions (FAQ)

1. Who can apply for BANKSETA learnerships?

South African citizens who meet the requirements of the participating employer.

2. Are BANKSETA learnerships paid?

Most BANKSETA-supported learnerships offer a monthly stipend, although the amount varies by employer.

3. Do I need work experience?

Most entry-level BANKSETA learnerships do not require previous work experience.

4. How long do BANKSETA learnerships last?

Most programmes run for approximately 12 months, but this may vary.

5. Does BANKSETA guarantee employment?

No. Completing a learnership does not guarantee permanent employment, but it improves your employability and practical skills.

6. Can TVET graduates apply?

Yes. Many BANKSETA learnerships are open to TVET graduates, depending on the programme requirements.

7. Where are BANKSETA learnerships available?

Opportunities are available across South Africa through participating banks and financial institutions.

8. Does BANKSETA recruit directly?

Most opportunities are advertised by participating employers rather than BANKSETA itself.

Disclaimer

YouthScope shares employment, internship, bursary and learnership opportunities from official employers to help South Africans access career opportunities. We are not the recruiting organisation and do not charge any application fees. Always verify information on the employer’s official website before submitting your application.