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Terms and conditions

Nedbank Limited (we, us, our) runs this competition and we reserve the right to make it available to a selected group of Nedbank clients only.

2 Competiton period

The competition starts on 1 November 2021 and ends on 31 January 2022 (competition period).

3 Who may participate in the competition

3.1 To participate in the competition, participants (you, your) must:

3.1.1 already be a Nedbank client and have a transactional account (current or savings account) or a Nedbank credit card, investment, home loan, personal loan, vehicle finance account (MFC) or a Nedbank insurance product (account);

3.1.2 be 18 years or older;

3.1.3 be a permanent South African resident and citizen with a valid identity document or card;

3.1.4 ensure that your account is in good standing, which means that your account must not be in arrears or handed over for legal collection.

3.2 The following people may not participate in the competition:

3.2.1 Our directors, employees or business partners, or any of their immediate family (spouse or life partner, parents, siblings and children, including adopted children, but not half or step relations), our agents, consultants or marketing service providers.

4 Prizes

You can win a share of R1,5 million cash.

5 How to enter the competition

5.1 If you meet the entry criteria in clause 3 and comply with the criteria in 5.2 each month during the competition period, you will get entries into the monthly competition draws and entries into the draw for the grand prize.

5.2 You must log in on the Nedbank Money app or Online Banking or dial any of the following Cellphone Banking strings (*120*001#; *120*002# or *130*001#) during the competition period. One login or dial-in is one entry. Entries per client are capped at one entry per day.

5.3 We will use the criteria below to determine your number of entries in the draw for the grand prize.

6 Selection of the winners

6.1 The random computer-generated draws to select the winners will take place at Nedbank Rivonia Campus, 135 Rivonia Road, Sandown, Sandton, or via a Skype or Teams meeting, which will then be recorded.

6.2 There will be three monthly draws and one grand prize draw.

6.3 The competition draw dates are as follows:

6.3.1 14 December 2021 − 11 winners of R25 000 each.

6.3.2 14 January 2022 − 11 winners of R25 000 each.

6.3.3 15 February 2022 − 10 winners of R25 000 each.

6.3.4 The grand prize draw will be on 16 February 2022, where 14 winners of R50 000 each will be drawn.

6.4 If you win, we will notify you via SMS on the cellphone number we have on record for you within 10 business days after the draw dates.

6.5 We will pay your prize money into your bank account via an electronic funds transfer within 10 business days after we have sent you the SMS.

6.6 If we cannot transfer the prize money into your bank account for any reason, we will contact you. You must then give us an alternative bank account in your name into which we can transfer your prize money.

6.7 We will try to contact you to ask for an alternative bank account a maximum of three times. If we cannot get hold of you after the third attempt, you will forfeit the prize and we will select a new winner in the same manner set out above.

6.8 We will transfer the prize money only after we have verified and confirmed your details, including your compliance with these competition requirements and terms and conditions.

6.9 The results of the draws will be final and binding, and we will not enter into any correspondence.

6.10 We will not be liable for any technical failures affecting your participation and assume no liability if your entry is omitted for any reason.

6.11 We will not give or transfer the prize to a third party.

7 General

7.1 All information about this competition, including information published on any promotional material, is part of these terms and conditions.

7.2 We, our associated companies, agents, contractors and sponsors assume no liability for any direct or indirect loss or damage resulting from your participation in this competition or for any other loss or damage.

7.3 If you win, we may ask you to consent in writing to endorse, promote and advertise any of our services. You may decline our request to use your photo in marketing material or to participate in any of our marketing activities.

7.4 These competition terms and conditions can be found at nedbank.co.za.

7.5 By participating in this competition, you acknowledge that your personal information will be shared with us and our agents to the extent necessary for the competition. We will use your personal information only in line with South African consumer and data protection legislation.

7.6 By participating in the competition, you agree to be bound by these terms and conditions, which we may change at our discretion. If we change them, we will post a written revision at nedbank.co.za.

7.7 We reserve the right to shorten or terminate the competition for technical, commercial or operational reasons, for reasons beyond our control, or for any other reason at our discretion. If this happens, you agree to give up any rights that you may have and acknowledge that you will have no recourse against us, our agents, contractors and sponsors as a result of the termination.

8 More information

For more information about the competition send an email to digitalcompetition@nedbank.co.za or use the live chat option on the Money app and Online Banking.