Unit Award Scheme

121383 BASIC FINANCIAL MANAGEMENT (UNIT 1): BANKING

In successfully completing this unit, the Learner will have		Evidence 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

All outcomes recorded on an AQA Summary Sheet

Approved 27 June 2024Level - Pre-Entry Level