R2000 Main Income 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 certain clients only.

2. Promotion period

The promotion starts on 1 September (promotion period) and continues until we terminate it.

We reserve the right to terminate the promotion at our sole discretion and at any time, if we do, we will post a notice of termination for this promotion on nedbank.co.za.

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 or open a Nedbank Transactional bank account (qualifying account);

3.1.3 receive a call from us inviting you to participate in this promotion, and

3.1.4 not have your main income deposited into your qualifying account monthly at the time you receive the invitation in 3.1.3; and

3.1.5 ensure that all your accounts with us are in good standing, which means that 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

If you participate in the promotion and fulfil the qualifying criteria, you will receive R2 000.00 (Two Thousand Rand) in cash, once-off.

5. How to qualify for the offer

5.1 To qualify for the offer, you must do the following during the promotion period:

5.1.1 Deposit your main income into your qualifying account for at least 3 consecutive months within 6 months from the time you receive the invitation from us in 3.1.3.

6. How the offer is given out

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

6.1.1 You 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 monitor your qualifying account for 6 months from the time you receive the invitation in 3.1.3 to ensure that you comply with the criteria.

6.1.3 We will deposit the offer into your qualifying account within 30 business days of you fulfilling the qualifying criteria.

6.1.4 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.

6.1.5 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.

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

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, you can chat to ENBI or one of our agents via the Money app or Online Banking, or call us on 0800 555 111.