The complete guide
Everything about the Banking Test
This test is one part of screening every applicant from one link: add a one-way video interview and resume scoring, and compare candidates in one report.
What is the Banking Test?
The Banking Test is built for hiring people who need to understand banking products and rules, not only serve at a counter. It covers the difference between recurring transfers and ACH debits, what deposit insurance protects, secured and unsecured lending, loan-to-value and debt-to-income ratios, APR and amortization. Candidates also work through interest, compounding and exchange-rate calculations, and answer questions on KYC, enhanced due diligence, politically exposed persons, structuring, sanctions screening, SAR confidentiality and the main types of bank risk. The content is general to retail banking rather than tied to one country's rulebook.
What the Banking Test does not measure
It does not measure knowledge of your bank's own products, systems or local regulations, or sales and service skills. Use a recorded interview to hear how the candidate explains a product to a customer.
How does the Banking Test work?
The Banking Test is an auto-scored multiple-choice test. Each candidate answers 20 questions drawn at random from a bank of 60, so two candidates rarely see the same set, and most finish in 8 to 12 minutes. The questions are spread evenly across banking products, lending and credit, interest and calculations and regulation and risk, with a mix of easy, medium and hard items, and the report shows a score for each area as well as an overall score.
Why is the Banking Test important to employers?
Banking staff explain products to customers and make small decisions that carry regulatory weight. A candidate who confuses an ACH debit with a recurring transfer, misreads an LTV ratio or does not recognize money mule activity can mislead customers or expose the bank. This test shows whether a candidate has the grounding to learn your products and procedures quickly.
