Greenback Investment promotion
Terms and conditions
1. The promoter
Nedbank Limited, registration number 1951/000009/06 (we, us, our), runs this promotion. We reserve the right to make it available only to Nedbank Consumer Banking clients who are Greenbacks members.
2. Promotion period
The promotion starts on 1 July and ends on 31 August 2024 (promotion period).
3. Who can and cannot participate in the promotion
3.1 A participant (you, your) must:
3.1.1 Be 18 years or older;
3.1.2 Have a valid South African ID, passport or visa;
3.1.3 Reside in South Africa;
3.1.4 Have received an SMS or a notification on the Nedbank Money app, inviting you to participate in this promotion;
3.1.5 Be a Nedbank Consumer Banking client and a Greenbacks member; and
3.1.6 Ensure that your Nedbank accounts are in good standing, which means they may not be in arrears or have been handed over for legal collection.
3.2 Our employees (including temporary and contract employees), associated companies, agents, contractors, and sponsors may not participate in the promotion.
4. The offer
Qualifying participants will receive Greenbacks to the value of R1 500.
5. How to qualify for the offer
To qualify for the offer, you must do the following during the promotion period:
5.1 Option 1
5.1.1 You must reinvest from your maturing Nedbank fixed-term investment which must be in a 32Day Notice Account and reinvest R100 000 or more in a OptimumPlus, Electronic OptimumPlus, EasyAccess Deposit, PrimeSelect, Fixed Deposit or Electronic Fixed Deposit account for at least 6 months using our digital channels.
5.2 Option 2
5.2.1 You may not have an existing Nedbank JustInvest, MoneyTrader, 32Day Notice or Electronic 32Day Notice account
5.2.2 You must open one of the investment accounts listed in 5.2.1 and invest at least R50 000.
5.3 Option 3
5.3.1 You may not have an existing Nedbank OptimumPlus, Electronic OptimumPlus, EasyAccess Deposit, PrimeSelect, Fixed Deposit or Electronic Fixed Deposit account
5.3.2 You must open one of the investment accounts listed in 5.3.1 and invest R100 000 or more for at least 6 months.
6. How the offer is given out
6.1 If you qualify for the offer, the following applies:
6.1.1You will receive the offer only after we have verified and confirmed your details, including your compliance with these terms and conditions.
6.1.2 We will credit the Greenbacks into your Greenbacks account within 10 business days after the promotion has ended.
6.1.3 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.
6.1.4 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.
6.1.5 All costs or expenses relating to the offer that have not been mentioned here are excluded.
6.1.6 We will give the offer directly to you and not to anyone else, and we will not replace it with cash.
6.1.7 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.
6.1.8 We reserve the right to replace the offer at any time with another of similar commercial value.
7. General
7.1 All information about this promotion, including information that is published on any promotional material, is part of these terms and conditions.
7.2 By participating in the promotion, you agree to be bound by these terms and conditions.
7.3 These terms and conditions are available on our website at nedbank.co.za throughout the promotion period.
7.4 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.
7.5 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.
7.6 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.
7.7 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.
8. More information
For more information about the promotion, call us on 0800 555 111 or visit any Nedbank branch.