Unlock business rewards with Greenbacks

 

Did you know that Nedbank’s Greenbacks programme isn’t restricted to personal banking? You can earn Greenbacks with transactions on your Nedbank business accounts too.

There are no complicated levels to navigate before your business qualifies – simply sign up your Nedbank business account to the Greenbacks programme and you’ll earn Greenbacks whenever you pay with your card or make online payments. And if you pay with a Greenbacks-linked American Express card, you earn double Greenbacks on every qualifying transaction!

 

How earning Greenbacks for business works

 

When you swipe, tap, Scan to pay, or make online payments with your Greenbacks-linked business card, whether Visa, Mastercard, or Amex, the Greenbacks that you earn are deposited into your Greenbacks account.

There’s no limit to the number of Greenbacks you can earn on your Amex Greenbacks-linked card, and your Greenbacks never expire, so they’re a surefire way to get more value out of your business banking. You can redeem or manage your Greenbacks digitally and check your balance and transaction histories on the Money app or Online Banking.

 

You can become a Greenbacks member with any qualifying Nedbank business account

 

Advantages for businesses

 

  • When you sign up for the programme, you’ll get a complimentary Greenbacks SHOP Card. This is a secure Amex chip-and-PIN card that you can use to pay for goods with Greenbacks at any vendor who accepts Amex, or to withdraw Greenbacks as cash from any Nedbank ATM.

  • You can also use Greenbacks to pay your business banking card charges and fees.

  • Alternatively, your business could donate Greenbacks to an affinity of your choice and make a positive contribution to society. Your business Greenbacks could make a difference to the WWF Nedbank Green Trust, the Arts and Culture Trust, the Nelson Mandela Children’s Fund, or the Sports Trust.

  • You earn uncapped rewards, at a rate of 25c back in Greenbacks per litre, on all fuel that you buy with your Greenbacks-linked card at BP service stations.

 

How do you qualify for Greenbacks for business?

 

You can become a Greenbacks member with any qualifying Nedbank business account, whether your business banking needs are being provided by Small Business Services, Nedbank Commercial Banking, or Corporate and Investment Banking. The cost of your Greenbacks membership depends on which business accounts you link to the Greenback programme.

If your business uses a Business Bundle 50 or Business Bundle 100 account, automatic Greenbacks membership is included in your monthly account fee.

If you have a Startup Bundle or Business Pay-as-you-use account, Greenbacks membership will cost just R30* per month, billed annually.

If you have a Small Business Credit Card, a Nedbank Business Card or a Nedbank Rewards Revolve Card, you can link your cards to Greenbacks for a fee: R360* a year if the benefits accrue to you as the sole cardholder, or R588* a year if the benefits accrue to a corporate account with multiple cardholders.

*Correct at April 2024. Fees reviewed annually.

 

How do you enjoy the benefits of Greenbacks for business?

 

If you’re already a Nedbank client with a qualifying business banking account, you can apply using the Money app or Online Banking. If you’re not a Nedbank client, you’ll need to open an eligible business account and link it to the Greenbacks programme.

Contact your relationship banker or call 0800 116 400 to apply for a Greenbacks SHOP Card.