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Absa Bank Mock Interview

Question 5 of 27 for our Absa Bank Mock Interview

Absa Bank was updated by on December 6th, 2020. Learn more here.

Question 5 of 27

If a customer at Absa Bank had increased savings as their main personal financial goal, what steps would you take with them to get them started down the right path?

As you look to interview for a Personal Banker position with Absa Bank, be sure to expect a question or two that really digs into the technical abilities that you would bring to the position in the form of a hypothetical situation that you will likely face in this role. This question is allowing your interviewer to gain insight into your knowledge of sound financial savings philosophies so be sure to talk about important aspects of a customer's finances that can impact their ability to save. As you answer, express that you would use a logical, yet tailored, approach with each customer in this situation.

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How to Answer: If a customer at Absa Bank had increased savings as their main personal financial goal, what steps would you take with them to get them started down the right path?

Advice and answer examples written specifically for an Absa Bank job interview.

  • 5. If a customer at Absa Bank had increased savings as their main personal financial goal, what steps would you take with them to get them started down the right path?

      How to Answer

      As you look to interview for a Personal Banker position with Absa Bank, be sure to expect a question or two that really digs into the technical abilities that you would bring to the position in the form of a hypothetical situation that you will likely face in this role. This question is allowing your interviewer to gain insight into your knowledge of sound financial savings philosophies so be sure to talk about important aspects of a customer's finances that can impact their ability to save. As you answer, express that you would use a logical, yet tailored, approach with each customer in this situation.

      Written by Ryan Brunner on December 6th, 2020

      1st Answer Example

      "After I had done my due diligence in getting to know the need's of the customer, my first step would be educating them on setting a personal budget that allows for savings. I would take a keen look at their monthly income versus their monthly expenses while also taking into account their variable spending on a monthly basis. Often, by simply doing this, customers are dumbfounded by how much wasteful spending they have going on in their lives. While the customer makes the final decisions on how to best handle, I can use my expertise to help guide them on their savings journey."

      Written by Ryan Brunner on December 6th, 2020

      2nd Answer Example

      "The first and most important step to this process is helping the customer truly see their financial situation by delving into their income and expenses. Based on that analysis, the customer then decides which of the factors of income and expenses can be altered to help increase their savings. From there, I would work with them on the best methods for saving and would take a personalized approach to recommending savings accounts or money market accounts with Absa Bank."