Kids and teens balance competition
Terms and conditions
1. The promoter
Nedbank Limited, registration number 1951/000009/06 (we, us, our), runs this competition. We reserve the right to make it available to a select group of clients only.
2. Competition periods
2.1 The competition will run during the following 3 qualifying months (competition period):
2.1.1 June 2024
2.1.2 September 2024
2.1.3 December 2024
3. Who can and cannot participate in the Competition
3.1 A participant (you, your) must:
3.1.1 be 15 years or younger;
3.1.2 reside in South Africa;
3.1.3 have a South African birth certificate or be a foreign national with proof of identification and legal status in South Africa;
3.1.4 have a Nedbank4Me or Nedbank MiGoals4kids Account (qualifying account); and
3.1.5 ensure that your account is in good standing, which means that it may not be in arrears or have been handed over for legal collection.
3.2 Your legal guardian or parent responsible for oversight of your qualifying account must have received an SMS (or a push notification via the Nedbank Money app) during your qualifying month inviting you to participate in this competition.
3.3 Our employees (including temporary and contract employees), associated companies, agents, contractors, and sponsors may not participate in the competition.
4. How to enter
4.1 To stand a chance to win the prize, you must do the following during the competition period:
4.1.1 You must have an average balance of at least R500 in your qualifying account for the duration of the qualifying month in which you participate.
4.1.2 Your legal guardian must have received the invitation in 3.2 during the qualifying month in which you participate for you to be entered into 1 draw.
5. The prize
5.1 A total of 30 participants stand a chance to win double their average balance up to R5 000.
5.2 There will be 10 winners for each 1 of the qualifying months, ie:
5.2.1 10 winners in June 2024;
5.2.2 10 winners in September 2024; and
5.2.3 10 winners in December 2024.
6. Selection of the winners
6.1 The random computer-generated draws to select the winners will take place on 22 July 2024, 22 October 2024 and 22 January 2025 via Microsoft Teams and will be recorded.
6.2 If you win, the following applies:
6.2.1 You will receive the prize only once we have verified and confirmed your details, including your compliance with these terms and conditions.
6.2.2 We will SMS your parent or legal guardian on the cellphone number that we have on record within 7 business days of the draw date for the qualifying month in which you participated.
6.2.3 We will deposit the prize directly into your qualifying account within 7 business days after we have notified your parent or legal guardian.
6.2.4 You may receive the prize only once during the competition period.
6.2.5 We will not be responsible for any technical failures affecting your participation in the competition or if your entry has been left out from participation.
6.2.6 If a dispute arises, our decision will be final and binding on all aspects of the competition, and we will not discuss the matter further.
6.2.7 We will not be responsible for any delays in you or your parent or legal guardian taking up the prize.
6.2.8 We will give the prize directly to you or your parent or legal guardian and not to anyone else.
6.2.9 We will not be liable for delays or failure to deliver any part of the prize resulting from acts beyond our reasonable control. We will let you know as soon as reasonably possible if your prize is affected in this way.
6.2.10 We reserve the right to replace the prize at any time with another of similar commercial value.
7. General
7.1 All the information about the competition, including information that is published on any competition material, is part of these terms and conditions.
7.2 By entering the competition, 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 competition period.
7.4 If you win, 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 prize.
7.5 By entering the competition, you acknowledge that your personal information needed for this competition will be shared with us and our agents, but only to the extent necessary for the competition. 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 competition 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 competition 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 competition, or for any accident, injury, harm, damages, costs or death that you or any other person who participates in the prize sustains at any point during the fulfilment of the prize.
8. More information
For more information about the competition, call us on 0800 555 111.