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Terms and conditions
1. The promoter
1.1 The promoter of this Competition is Nedbank Limited (we, us, our), registration number 1951/000009/06.
1.2 We reserve the right to make this competition available to:
1.2.1 All existing Nedbank clients with a Personal Loan/s, Home Loan/s, Vehicle & Asset Finance or Credit Cards without a DebiCheck mandate in place.
1.2.2 All new Nedbank clients that obtain eligible loan products and activate a DebiCheck mandate in the competition period.
2. Competition period
The competition starts on 10 October 2023 and ends on 31 December 2023 (‘competition period’).
3. Who can and cannot participate in the competition
3.1 A participant (you, your) must:
3.1.1 be 18 years or older;
3.1.2 have a valid South African identity document;
3.1.3 ensure that your account/s are in good standing (‘good standing’ means that your accounts with us are not in arrears and not subject to any payment arrangements).
3.1.4 Our employees (including temporary and contract employees), associated companies, agents, contractors, and sponsors may not participate in the competition.
4. How to enter the competition to stand a chance to win one of 600 Avo Vouchers each with a value of R500
To stand a chance to win one of the Avo Vouchers, you must during the competition period:
4.1 Activate a DebiCheck mandate on your new or converted debit order for any of the eligible loan products through any of the following channels:
4.1.1 Money app
4.1.2 Online Banking
4.1.3 Cellphone Banking
4.1.4 Nedbank Contact Centre
4.1.5 Nedbank ATM
4.1.6 Nedbank branch
4.2 Activation of the DebiCheck mandate on your new or converted debit order grants you a single entry into the competition.
4.3 The DebiCheck mandate must remain in place for the duration of the competition period.
5. How to enter the competition to stand a chance to win one of 180 cash prizes each with a value of R10,000
To stand a chance to win one of the cash prizes, you must during the competition period:
5.1 Pay your loan instalment, in full via a DebiCheck mandate debit order, on the due date every month for duration of the competition period.
5.2 The DebiCheck mandate must remain in place for the duration of the competition.
5.3 By maintaining the 3 consecutive payments during the Competition period, via a DebiCheck mandate debit order, you will be granted a single entry into the draw for the cash prize.
6. The Prizes
6.1 Avo Vouchers
There is a total of R300,000 in Avo Vouchers to be won
6.1.1 There are 600 (six hundred) Avo Vouchers to be won during the competition period.
6.1.2 Each Avo Voucher is valued at R500.00 (five hundred rand).
6.1.3 Each week 50 Avo Vouchers will be awarded to 50 Winners.
220.127.116.11 Winners will only receive one Avo Voucher during the competition period.
18.104.22.168 Redemption of the Avo Voucher is subject to Avo SuperShop’s process, Avo’s terms and conditions and the Voucher terms and conditions.
6.2 Cash Prizes
6.3 There is a total of R1 800,000 in cash prizes to be won
6.3.1 here are 180 (one hundred and eighty) cash prizes.
6.3.2 Each cash prize is valued at R10,000 (ten thousand rand).
6.3.3 Each month, from January 2024 to March 2024, 60 winners will be drawn.
6.3.4 Subject to complying with terms and conditions of the competition:
22.214.171.124 Winners will be contacted on their contact details on our records to confirm the bank
126.96.36.199 account details into which the cash prize will be paid into. Payment of the cash prize will be made by us, via electronic funds transfer, into the Winner’s designated account.
188.8.131.52 Winners will only receive one cash prize during the competition period.
7. Selection of the winners for an Avo Voucher
7.1 The selection of winners will be conducted by randomised computer-generated draw.
7.2 The weekly draw will be conducted by us via recorded Microsoft Teams.
7.3. The weekly draws will take place on the following days:
7.3.1 16, 23, and 30 October 2023;
7.3.2 6, 13, 20, and 27 November 2023; and
7.3.3 4, 11, 18, and 27 December 2023.
7.3.4 3 January 2023
8. Selection of winners for the cash prize
8.1 The selection of winners will be conducted by randomised computer-generated draw.
8.2 The draw will be conducted by us via recorded Microsoft Teams as set out in the table below:-
Eligible Payments Period
Number of Winners
October, November, and December
31 January 2024
November, December, and January 2024
29 February 2024
January, February, and March 2024
29 March 2024
9.1 All the information about the competition, including information that is published on any competition material, is part of these terms and conditions.
9.2 By entering the competition, you agree to be bound by these terms and conditions.
9.3 By entering the competition, you agree that your bank can effect a DebiCheck mandate. Please take note that the following banks are participating banks (they can effect a DebiCheck mandate):
9.3.1 Ubank Ltd;
9.3.2 Nedbank Ltd;
9.3.5 Standard Bank;
9.3.6 Tyme Bank;
9.3.7 First National Bank;
9.3.8 African Bank;
9.3.9 Grobank (Access bank)
9.3.10 Finbond Bank; and
9.4 These terms and conditions are available on our website at nedbank.co.za throughout the competition period.
9.5 If you win, you agree that:
9.5.1 The Avo Voucher will be forfeited if you do not answer our call or respond to us within 5 (five) working days.
9.5.2 The cash prize will be forfeited if you do not answer our call or respond to us within 7 (seven) working days.
9.6 If you win, the following applies:
9.6.1 You will receive the prize only once we have verified and confirmed your details, including your compliance with these terms and conditions.
9.6.2 We will notify you, using the contact details we have on record for you, if you have won an Avo Voucher and/or a cash prize.
9.6.3 We will email you the Avo Voucher using the email address that we have on record for you within 5 business days of the draw date.
9.6.4 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.
9.6.5 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.
9.6.6 All costs or expenses relating to the prize that have not been mentioned here are excluded.
9.6.7 We will not be responsible for any delays in you taking up the prize.
9.6.8 We will not be responsible for any additional conditions that third parties impose.
9.6.9 We will give the prize directly to you and not to anyone else, and we will not replace it with cash.
9.6.10 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 you as soon as reasonably possible if your prize is affected in this way.
9.7 If you win, we may ask you to consent in writing to endorsing, promoting and advertising any of our services, without payment. If may decline our request, you will still receive the prize.
9.8 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.
9.9 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.
9.10 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.
10. More information
For more information about the competition call Nedbank Contact Centre on 0800 555 111.