SBV Cash Processor Learnership 2026: Grade 12, Various Locations

The Cash Processor Learnership at SBV offers unemployed young South Africans an entry point into the banking sector. The learnership is available in several locations across South Africa.

SBV is recruiting Cash Processor Contractors for its unemployed banking learnership opportunities. Applicants must meet specific age and education requirements.

The positions involve handling, processing, sorting and reconciling cash. Successful candidates may work with notes, coins, deposits, banking systems and treasury processes.

The available opportunities are listed as contract positions. The salary is market-related.

SBV Cash Processor Learnership 2026

The SBV Cash Processor role focuses on the accurate processing of cash. Candidates must follow company policies, procedures and standard operating procedures.

The role may involve one or several cash processing functions. These functions support the secure movement and processing of cash for banking customers.

Key responsibilities include:

• Receiving and processing cash deposits.
• Preparing cash for accurate note counting.
• Sorting notes according to required processes.
• Reconciling cash deposits and rejected notes.
• Processing desktop deposits.
• Processing bulk coin deposits.
• Processing bank system-integrated deposits.
• Handling payroll and change transactions.
• Assisting with bank and ATM cash preparation.
• Maintaining cash processing equipment.
• Reporting shortages, surpluses and other discrepancies.
• Following relevant policies and standard operating procedures.

The role requires accuracy and attention to detail. Cash processors must also report problems or irregularities promptly.

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Cash Processor Learnership Requirements

Applicants must meet the minimum requirements before applying. The listed requirements include:

• Grade 12 qualification.
• Mathematics or Mathematical Literacy.
• Applicants must be between 18 and 29 years old.
• Applicants must not have previously participated in the National Certificate: Banking.
• Applicants must be unemployed for the relevant unemployed learnership opportunities.

The position is classified at student or graduate level. It is offered on a contract basis.

Applicants should check the specific vacancy before applying. Requirements and locations can differ between listings.

What Will a Cash Processor Do?

Receive and Prepare Cash

Cash processors receive deposits and update the relevant systems. They must check bags and containers for damage or interference.

Any irregularities must be reported to the Team Controller. Workers must also acknowledge containers on the applicable system.

Deposits must be processed within the required banking service-level agreements. Staff must prepare workstations for accurate note counting.

Sort and Reconcile Notes

Cash processors sort prepared deposits and notes within the required cut-off times. They also balance deposits and report differences.

Rejected notes require additional checks. These checks help identify counterfeit, dye-stained or mutilated notes.

Workers also complete production sheets and follow daily reconciliation procedures. Team Controllers verify end-of-day bundles and balances.

Process Coins and Other Transactions

The role can also include bulk coin processing. Workers receive and verify money bins before processing.

They check seals, denominations and bin registers. They also count bags and balance the money against records.

Other duties can include payroll, change transactions and bank system-integrated deposits. Workers must follow the applicable customer and bank service-level agreements.

Follow Governance and Safety Procedures

Cash processing requires strict adherence to procedures. Workers must protect company assets and use equipment correctly.

They must also report equipment defects. SBV’s role information requires alignment with its ISO 9001:2015 quality management standards.

The role also includes supporting the organisation’s ESG requirements and workplace culture.

SBV Cash Processor Learnership Locations

The September 2026 listings show opportunities in multiple locations.

These include:

• Port Elizabeth/Gqeberha
• Newcastle
• Ormonde
• Vaal
• Cape Town CBD
• George
• Pretoria
• Durban
• Pietermaritzburg
• Bloemfontein
• Mahikeng
• Nelspruit

Applicants should select the location that matches the vacancy they want to pursue.

The listings were posted between 28 and 30 September 2026. Applicants should confirm that their preferred vacancy remains available before submitting an application.

Who Can Apply for the SBV Learnership?

The opportunity targets unemployed young people interested in entering the banking and cash management sector.

A Grade 12 qualification is required. Applicants also need Mathematics or Mathematical Literacy.

Applicants must fall within the specified 18 to 29 age range. They must also not have previously completed the National Certificate: Banking.

Because the role involves cash handling, accuracy is particularly important. Applicants should also be comfortable following detailed procedures.

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How to Apply for the SBV Cash Processor Learnership

Interested applicants can apply through the official SBV recruitment portal.

Applicants should review the available Cash Processor vacancies first. They should then select the location that matches their preferred opportunity.

Applications can be submitted through the SBV Mcidirecthire careers portal:

SBV Current Opportunities

Candidates should provide accurate information when completing their applications. They should also check that they meet all listed requirements before applying.

SBV Cash Processor Learnership 2026: Quick Facts

Frequently Asked Questions