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Accredited by Quality License Scheme | Endorsed Certificate & Unit Summary | LEVEL 3 | Unlimited Access for 365 Days

South London College


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£149 inc VAT (was £399)
Or £49.67/mo. for 3 months...
Offer ends 30 June 2022
Study method
Online, self-paced
80 hours
Access to content
365 days
No formal qualification
Optional extras

Digital certificate included in price

Additional info
  • Tutor is available to students
  • TOTUM card is available to purchase separately What's this?

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Diploma in Banking - Level 3

A career in banking is desired worldwide due its high pay, job reputation and many other associated job benefits. However, getting into this competitive industry requires you to have extensive knowledge and skills on banking, and this Diploma in Banking – Level 3 has been developed just to do that. This banking course will get you acquainted with all the necessary banking principles and concepts to help you advance your banking career or to help you expand your education in the area.

Starting with the essence of banking within an economy, this course will systematically guide you on the operations of a banking system. You will come to understand the role of banks in money creation, after which you will learn how to critically evaluate current and major practices of banking and finance. How to manipulate numerical and financial data and how to apply statistical and mathematical concepts within a banking context will also be thoroughly emphasised in this program.

Many types of banks operate within a given economy, with each bank having different customers and providing different banking services.. This course is set to explore all of these banking structures and its services, followed by modules that will discuss the principles and procedures of the business information systems. This course will also make you an expert in analyzing business activities and forecasting financial projections. By the completion of this course, you will walk away with an accredited certification that will help you make substantial progress within the banking industry.

The course has been endorsed under the Quality Licence Scheme. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

Eligible for TOTUM card - TOTUM is the #1 student discount card and app giving you access to exclusive student deals on food and fashion, tech and travel and everything in between.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales


Course media


What Will I Learn?

  • Gain a clear understanding of how major context within the banking industry operate.
  • Learn how to critically evaluate current and major practices of banking and finance.
  • Learn how to manipulate numerical and financial data, and the understanding and ability to apply statistical and mathematical concepts.
  • Understand the principles and procedures of the business information systems.
  • Learn how to analyse business activities and forecast financial projections.
  • Gain an accredited qualification that will take your skills and knowledge to the next level.


Module 01 : Essence of Banking

  • Essence of banking
  • Introduction
  • The financial system
  • Introduction
  • Lenders and borrowers
  • Financial intermediaries
  • Financial instruments
  • Financial markets
  • Money creation
  • Price discovery
  • Allied participants on the financial system
  • Principles of banking
  • Introduction
  • Fundamental issues in banking
  • Basic raison d’être for banks: information costs and liquidity
  • Introduction
  • Information costs
  • Asymmetry in liquidity preference
  • OTC versus securities markets
  • Broad functions of banks
  • Introduction
  • Facilitation of flow of funds
  • Efficient allocation of funds
  • Assistance in price discovery
  • Money creation
  • Enhanced liquidity
  • Price risk lessened for the ultimate lender
  • Improved diversification
  • Economies of scale
  • Payments system

Module 02 : Money Creation

  • Money creation
  • Learning objectives
  • Introduction
  • What is money?
  • Measures of money
  • Monetary banking institutions
  • Money and its role
  • The cash reserve requirement
  • Money creation does not start with a bank receiving a deposit
  • Introduction
  • Notes and coins deposited
  • Government spends
  • Money creation starts with a bank loan
  • Money creation is not dependent on a cash reserve requirement
  • Is “money supply” a misnomer?
  • Interest
  • Rate

Module 03 : Risk in Banking

  • Risk in banking
  • Learning outcomes
  • Introduction
  • The concept of risk
  • Interest rate risk
  • Definition
  • Ideal and extreme portfolios
  • Reality
  • Management of interest rate risk
  • Introduction
  • Interest rate repricing gap analysis
  • Duration analysis
  • Market risk
  • Liquidity risk
  • Definition
  • Balance sheet changes resulting from deposit withdrawals and drawdowns on loan facilities
  • Conditions for creation of liquidity
  • Introduction
  • Impeccable record
  • Volume of and the type of liquid assets
  • Active secondary financial markets
  • Measures of a bank’s liquidity exposure
  • Bank liquidity and a “bank run”
  • The central bank and the bank run
  • Deposit insurance
  • Credit risk
  • Definition
  • Asymmetric information, adverse selection and moral hazard
  • Management of credit risk
  • Introduction
  • Avoidance
  • Diversification
  • Compensating balances and monitoring of business transactions
  • Screening
  • Monitoring

Module 04 : Bank Models

  • Contents
  • Bank models & prudential requirements
  • Learning outcomes
  • Introduction
  • Bank models
  • Introduction
  • Commercial banks
  • Mutual banks/building societies
  • Merchant and investment banks
  • Trading banks
  • Private Banks
  • Islamic banks
  • Development banks
  • Micro – credit banks
  • Co – operative banks
  • Dedicated banks
  • Discount houses
  • Rationale, objectives & principles of regulation
  • Introduction
  • Rationale for regulation
  • Introduction
  • Systemic malfunction
  • Market imperfections
  • The moral hazard problem
  • Economies of scale
  • Consumer confidence and consumer demand for regulation
  • Supplier demand for regulation
  • Objectives of regulation
  • Introduction
  • Promotion of financial stability
  • Promotion of fair and healthy competition
  • Promotion of consumer protection
  • Principles of regulation
  • Introduction
  • Efficiency-related principles
  • Stability-related principles
  • Conflict-conciliatory principles
  • Regulatory-structure principles

Module 05 : End Notes

  • End notes

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of Assessment

In order to complete the Diploma in Banking at QLS Level 3 successfully, all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments.


Those who successfully complete the course will be issued the Diploma in Banking at QLS Level 3 by the Quality Licence Scheme.

Course Code: QLS-04478

Awarding body (Accreditation)

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Who is this course for?

  • Financial Officer
  • Accountant, Finance Managers
  • Students studying Finance


  • Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
  • A qualification at level 2 or above in any discipline.

Career path

  • Accountant - £28,612 per annum
  • Banker - £24K per annum
  • Relationship Banker - £29,703 per annum
  • Accounts Executive - £22,196 per annum
  • Staff Accountant - £25,261 per annum

Questions and answers

No questions or answers found containing ''.

kai asked:

What is the pricing after the 14 days free access period?


Dear kai Thank you very much for your query. You will get free 14 day temporary access to Study materials and more.And then you can upgrade temporary access to fully paid access at the end of or before 14 days.So the total cost is £49 and Exam(s) / assessment(s) is included in price.Hurry up to grab the discount , as it ends soon. Regards, Student Support Team.

This was helpful. Thank you for your feedback.
Stephen asked:

After completing the course, can I really add it as part of my qualifications to enter university. Although it isn't regulated?.


Dear Stephen, Thank you very much for your query. This course is endorsed by ABC Awards which is globally recognised awarding body. Once you successfully completed the Level 3 Diploma in Banking you will gain the knowledge that will give your career the jumpstart you have always wanted. With this completion you can further expand your education or go onto work in numerous positions that will also put you in line to demand a higher salary or job promotion. Regards, Student Support Team.

This was helpful. Thank you for your feedback.
O.G asked:

In one section it says paying £49 gives full 12 months access. In another section it says 14 days access and then you pay again. Please clarify.


Dear Sir/Ma'am Thank you very much for your query. You will get Free 14 day temporary access to Study materials.Then you can upgrade temporary access to fully paid access at the end of or before 14 days. Hurry up ! as the discount ends soon. Regards, Student Support Team.

This was helpful. Thank you for your feedback.
Jameseardley asked:

i am 18 years of age, the websites states 'should be 19 and over' is this a requirement or a suggestion?


Dear Jameseardley Thank you very much for your query. You can enroll. Hurry up to grab the discount as it ends soon. Regards, Student Support Team.

This was helpful. Thank you for your feedback.
AZMAN asked:

Dear Sir...Is that £49 is NET fee including exam fee? Or is that will be different fee?


Dear Azman Thank you very much for your query. That is the only fee need to be paid, No hidden or additional fees. Regards, Student Support Team.

This was helpful. Thank you for your feedback.
georgios deligiannidis asked:

Hi i would like to send further informations about 1. completed assignments 2. cases that not received certificate 3. notes/unit


Dear Georgios Thank you very much for your query. Your question is not clear. However if you have completed the assignments please submit it. And please go through the course curriculum which is listed as we are unable to mention those here as there is a word limit to send messages. Regards, Student Support Team.

This was helpful. Thank you for your feedback.

Optional extras

Digital certificate

Certificate of completion is included in course price


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What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.