logo
  • Personal
  • Private
  • Wealth
  • Business
  • Corporate
  • Group
  • Search
  • Log in
  • Bank
    Manage your money
    Explore Bank Accounts Credit cards Greenbacks Digital banking Switch to Nedbank Fraud awareness Forex
  • Save & Invest
    Grow your money
    Explore Save & Invest Accounts Investment services Share trading
  • Borrow
    Achieve your goals
    Explore Borrow Personal loans Home loans Student loans Overdrafts Vehicle finance Solar finance Debt assistance
  • Insure
    Protect what you love
    Explore Insure Life cover Funeral cover Short term insurance Credit Life Travel insurance Business cover Secure investments
  • Plan
    Plan your wealth
    Explore Plan Financial planning Estate, wills & trust services Nedbank Private Wealth Speak to a financial adviser
  • Help Centre
    We're at your service
    Explore Help Centre Check NedFinHealth score Chat to Enbi Contact us Find a branch Read our blog
Alt Image
We use cookies to improve your experience. This is how you can manage your cookie settings.
logo
  • PERSONAL
    Personal Private Wealth Business Corporate Group
  • logo
    Back
    Alt Image
    We use cookies to improve your experience. This is how you can manage your cookie settings.
    tooltip text tooltip text
    tooltip text

    Main-banked R200 cashback offer

    Terms and conditions

     

    ACKNOWLEDGMENT OF ACCEPTANCE MAIN-BANKED CAMPAIGN TERMS AND CONDITIONS

     

    1. GENERAL

    1.1 This information must be read together with the terms and conditions for the Nedbank MiGoals Plus and/or MiGoals Premium (transactional account) and the Nedbank Loan Agreement, i.e., your vehicle finance agreement or your personal loan agreement (credit agreement), which you have entered and signed. All agreements are collectively referred to as the ‘agreements’, where applicable.

    1.2 You will not qualify for the offer if your agreements are no longer in good standing, which means that the accounts must not be in arrears or in default or be subject to any legal status and/or process, including legal collections and/or recoveries.

    1.3 If you settle your credit agreement early before its original expiry date and simultaneously take up the same type of credit agreement, for example if you settle your vehicle finance agreement and take up another vehicle finance agreement, you will continue to receive the offer, but only for the remaining period in terms of the first credit agreement. If you do not take up another credit agreement, this offer will terminate immediately, without notice to you.

    1.4 If you restructure your credit agreement and extend the term, you will receive the R200 for the original term only and not for the portion of the extended term.

    1.5 This offer is limited to one credit agreement even if you have multiple credit agreements with Nedbank. You can choose which credit agreement this offer will be applied to.

    1.6 You will not receive this offer, if you have opted in for another similar offer or are receiving another offer, at Nedbank e.g: Home loan interest rate rebate. In other words, you will only be able to receive one offer at any time.

    1.7 You will qualify to participate in this offer if you have received an SMS and or an email and have been contacted by Nedbank and/or our agent.

    1.8 Once you have been contacted by Nedbank or our agent, you will have 60 days to open a transactional account if you do not already have one. You must meet the monthly qualifying conditions set out below within 60 days from date of opening your transactional account or if you already have a transactional account.

    1.9 Nedbank employees are excluded from this offer.

    1.10 Nedbank reserves the right to change the terms and conditions of this campaign throughout its duration. The date on which these terms and conditions were last amended will be shown below the heading at the top. It is your responsibility to check the terms and conditions for amendments.

     

    2. THE OFFERING

    2.1.1 Nedbank will pay R200 into your transactional account every month for the duration of your credit agreement and subject to your meeting the monthly qualifying conditions set out below in clause 3.

    2.1.2 The payment will be made into your transactional account on the 20th day of the month. If the 20th falls on a weekend or public holiday, the payment will reflect on the next business day.

     

    3. QUALIFYING CONDITIONS

    3.1 To qualify for this offer, you must ensure that you fulfil the monthly conditions below:

    3.1.1 You must already have a transactional account, or you can open a new transactional account through one of the specified channels,i.e., at a Nedbank branch or through the Nedbank Contact Centre or our agent.

    3.1.2 You must pay your instalment for your credit agreement via a debit order from your transactional account every month.

    3.1.3 You must switch your salary to your transactional account, which must be R5 000 or more per month or make a minimum deposit of R5 000 or more into your transactional account every month.

    3.1.4 You must download and use the Nedbank Money app or Nedbank Online Banking at least once every month.

     

    4. EVENTS OF DEFAULT

    4.1 You will not receive the R200 if you default on any one or all of the below conditions at any time. These conditions include the following:

    4.1.1 If you close your transactional account.

    4.1.2 If you cancel your debit order.

    4.1.3 If your debit order is returned unpaid for any reason.

    4.1.4 If you do not switch your salary or if you do not make the monthly deposit.

    4.1.5 If you do not download and use the Nedbank App or Nedbank Online Banking

    Scroll to top
    Nedbank Group
    Connect with us
    Bank with us
    Legal

    About us

    Careers

    Investor relations

    Nedbank suppliers

    News and insights

    Contact us

    Join the bank

    Get debt assistance

    Resume application

    Promotions

    Nedbank blog

    Need help? Chat to Enbi

    2025 rates and fees

    Digital banking

    Switch to Nedbank

    Log in to Online Banking

    Fraud awareness

    Unclaimed balances

    Depositor insurance

    Dormant accounts

    Code of Banking Practice

    FAIS Conflict of Interest

    FATCA and CRS

    FICA

    PAIA

    Privacy Notice

    Terms and conditions

    Termination of agreement

    Nedbank Group

    About us

    Careers

    Investor relations

    Nedbank suppliers

    News and insights

    Connect with us

    Contact us

    Join the bank

    Get debt assistance

    Resume application

    Promotions

    Nedbank blog

    Need help? Chat to Enbi

    Bank with us

    2025 rates and fees

    Digital banking

    Switch to Nedbank

    Log in to Online Banking

    Fraud awareness

    Unclaimed balances

    Depositor insurance

    Dormant accounts

    Legal

    Code of Banking Practice

    FAIS Conflict of Interest

    FATCA and CRS

    FICA

    PAIA

    Privacy Notice

    Terms and conditions

    Termination of agreement

    nedbank

    Nedbank Ltd Reg No 1951/000009/06. Licensed financial services provider (FSP9363) and registered credit provider (NCRCP16)

    • nedbank-facebook
    • nedbank-linkedin
    • nedbank-instagram
    • nedbank-youtube
    • nedbank-twitter