In South Africa’s fast-paced financial sector, banking skills are always in demand — and the BANKSETA Learnership Programme offers one of the best entry points for young people looking to break into the industry. Whether you dream of working as a bank teller, a credit analyst, or in customer service, these learnerships provide a solid foundation for a successful career.
What is BANKSETA?
The Banking Sector Education and Training Authority (BANKSETA) is a government-established body responsible for training and skills development within the banking and microfinance sectors. Its aim is to equip young South Africans with practical skills that meet industry needs, while also giving unemployed youth a foot in the door.
BANKSETA partners with top financial institutions such as ABSA, Standard Bank, Nedbank, and Capitec, ensuring that learners receive both classroom-based training and on-the-job experience.
Why Choose a BANKSETA Learnership?
Here’s why these learnerships are among the most loved in South Africa:
- High Stipend Range: Learners typically receive R4,000 – R6,000 per month during the programme, helping cover transport, food, and other living costs.
- Industry-Relevant Skills: Training covers banking products, customer service, regulatory compliance, and digital finance tools.
- Strong Career Prospects: Many learners are absorbed into permanent positions at major banks after completing the programme.
- National Recognition: BANKSETA learnerships are accredited, meaning your qualification is recognised across South Africa.
Who Can Apply?
While each programme may have slightly different requirements, applicants generally need to meet the following:
- South African citizenship
- Matric certificate with good English and Maths/Maths Literacy marks
- Age between 18 and 35
- Unemployed at the time of application
- Eager to work in the banking or microfinance industry
Some learnerships may also require a tertiary qualification in finance, business, or a related field, especially for advanced programmes.
BANKSETA Learnership Stipend
One of the standout features is the competitive stipend. In 2025, learners can expect to earn between:
💰 R4,000 – R6,000 per month
This stipend is paid monthly and is not a salary, but rather a financial allowance to support learners while they complete their training. The exact amount depends on the hosting bank and the specific programme.
Types of BANKSETA Learnerships
Some of the most popular options include:
- National Certificate in Banking – Ideal for entry-level roles like tellers or customer service agents.
- Banking Operations Learnership – Focuses on back-office and operational processes.
- Credit Management Learnership – Trains learners on credit analysis, loan processing, and risk management.
- Microfinance Learnership – Prepares learners to work in community-based financial services.
How to Apply
Applications are usually made online through BANKSETA’s official website or directly via partner banks. Here’s the typical process:
- Check for available learnerships on BANKSETA’s or the bank’s career portal.
- Prepare your documents – CV, certified ID copy, Matric certificate, and any other required qualifications.
- Submit your application online before the closing date.
- Attend assessments or interviews if shortlisted.
Tips for a Successful Application
- Tailor your CV to highlight skills like customer service, numeracy, and communication.
- Double-check your documents for certification and accuracy.
- Apply early to avoid missing deadlines — banking learnerships are competitive.
RELATED: Banking Learnerships in South Africa 2025 – Earn While You Learn
Final Thoughts
The BANKSETA Learnership Programme is more than just training — it’s a gateway to a long-term career in the financial sector. With stipends between R4,000 and R6,000 per month, top-notch training, and the chance to work with South Africa’s leading banks, it’s no surprise these learnerships are among the most loved in the country.
If you’re ready to start a rewarding career in banking, keep an eye out for the next round of applications and take the first step toward your future.