Nedbank Green Light Bonus promotion

Terms and conditions

1. Definitions

The words in the table below mean the following:

2. The promoter

We run this promotion and reserve the right to make it available to Nedbank MFC clients who do not have a qualifying bank account or a personal loan.

3. Promotion period

The promotion starts on 14 August 2026 and will continue until such time the promoter terminates the promotion. Upon termination, the promoter will publish a notice on the Nedbank.co.za website.

4. Who may participate in the promotion

4.1 To participate in the promotion, you must:

4.1.1 be 18 years or older;

4.1.2 have a South African ID;

4.1.3 receive a call from our Nedbank Contact Centre agent informing you about this promotion; and

4.1.4 ensure that your qualifying bank account is in good standing. 

4.2 Our employees (including temporary and contract employees), associated companies, agents, contractors, and sponsors may not participate in the promotion.

5. The offer

If you participate in the promotion, you stand a chance to receive up to R10, 000 in cash. The offer will be split into the following cash values for each of the qualifying criteria described in clause 6.

6. How to qualify for the offer

6.1 To qualify for each offer, you must do the following, within 30 days of being contacted by the Nedbank Contact Centre agent:

6.1.1 open a qualifying bank account and

6.1.2 download, register and login to the Nedbank Money App.

6.2 You must do the following, within 60 days of opening your qualifying bank account: 

6.2.1 switch and deposit your main income (R7,500 or above) into your qualifying account;

6.2.2 switch 3 debit orders or a single debit order, to the value of R3,500 or more; and

6.2.3 if you have opened a MiGoals transactional bank account, you must enrol to the Nedbank Greenbacks program. If you have opened a MiGoals Plus or MiGoals Premium transactional bank account you would automatically be enrolled to the Nedbank Greenbacks programme.  

6.2.4 You must apply and take up a Nedbank Personal Loan. The personal loan money must be disbursed into your qualifying bank account.

7. How the offer is given out

7.1 If you qualify for the offer, the following applies:

7.1.1 You will receive the offer for each of the qualifying criteria you have met, only after we have verified and confirmed your details, including your compliance with these terms and conditions.

7.1.2 We will pay the money into your qualifying bank account, within 7 days of you fulfilling each of the qualifying criteria. 

7.1.3 We will call you on the cellphone number that we have on record for you to inform you that you have qualified for each of the qualifying criteria you have fulfilled.

8. Conditions and limitations

8.1 We will not be responsible for any technical failures affecting your participation in the promotion or if your entry has been left out from participation.

8.2 If a dispute arises, our decision will be final and binding on all aspects of the promotion, and we will not discuss the matter further.

8.3 All costs or expenses relating to the offer that have not been mentioned here are excluded.

8.4 We will not be responsible for any delays in your taking up the offer. 

8.5 We will give the offer directly to you and not to anyone else.

8.6 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.

8.7 We will not be liable for delays or failure to deliver any part of the offer resulting from acts beyond our reasonable control. We will let you know as soon as reasonably possible if the offer is affected in this way.

8.8 We reserve the right to replace the offer at any time with another of similar commercial value.

9. General

9.1 All information about this promotion, including information that is published on any promotional material, is part of these terms and conditions.

9.2 By participating in the promotion, you agree to be bound by these terms and conditions. 

9.3 These terms and conditions are available on our website at nedbank.co.za throughout the promotion period.

9.4 We may ask you to consent in writing to endorsing, promoting and advertising any of our services, without payment. If you decline our request, you will still receive the offer. 

9.5 By entering and participating in this promotion, you acknowledge that your personal information needed for the promotion will be shared with us and our agents, but only to the extent necessary for this promotion. Your personal information will be used in line with South African consumer and data protection laws.

9.6 We may extend, shorten or cancel the promotion immediately and without notifying you if it is permitted by law, if we must do so by law, or for reasons beyond our control. If this happens, you will give up any rights that you may have in terms of this promotion and you will have no recourse against us or our agents, contractors or sponsors as a result of the extension, shortening or cancellation.

9.7 We or our directors, employees, agents or suppliers will not be responsible for any direct or indirect loss or damage resulting from your participation in the promotion, or for any accident, injury, harm, costs, or death that you or any other person who participates in the offer sustains at any point during the fulfilment of the offer. 

10. More information

For more information about the promotion, call us on 0800 555 111.