1. The promoter

Nedbank Limited, registration number 1951/000009/06 (we, us, our), runs this promotion. We reserve the right to make it available to a select group of people only.

2. Promotion period

The promotion starts on 1 January and ends on 31 December 2025 (promotion period).

3. Who can and cannot participate in the promotion

3.1. A participant (you, your) must:

3.1.1. be a final-year medical, dental, veterinary or selected Allied Medical student starting their internship in January 2026, or a newly qualified medical intern starting their internship during the 1 January and 30 June 2026 intakes;

3.1.2. have a South African ID document or card;

3.1.3. 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; and

3.2. Anyone over 29 years old may not participate in the promotion.

4. The offer

4.1. If you open a Private Bundle Young or Private One Young Account during the promotion period:

4.1.1. you will be fast-tracked into Private Clients and enjoy local and international travel benefits as well as all the reward and lifestyle benefits you deserve, but for less;

4.1.2. you will pay zero monthly service fees during the promotion period;

4.1.3. you will also get 50% off on monthly service fees on Private Bundle Young or Private One Young Accounts from January 2026 until you turn 30 years old;

4.1.4. you could get approved for a 110% home loan if you are a first-time homebuyer; and

4.1.5. you could receive R1 000 back if:

4.1.5.1. your salary is paid into the transactional accounts mentioned in 4.1; and

4.1.5.2. you take up vehicle finance with Nedbank between January 2026 and June 2026.

5. How the offer is given out

5.1. Contact medical@nedbank.co.za or +27 10 214 7820 to take up the offer.

5.2. Open a Private Bundle Young or a Private One Young Account through a banker for medical professionals. Visit https://private-clients.nedbank.co.za/accounts/medical-professionals.html for more information.

5.3. Provide proof of your student number and registration at a medical faculty.

5.4. If you qualify for the offer, the following applies:

5.4.1. You will receive the offer only after we have verified and confirmed your details, including your compliance with these terms and conditions.

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

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

5.4.4. We will not be responsible for any additional conditions that third parties impose.

5.4.5. We will give the offer directly to you and not to anyone else, and we will not replace it with cash.

5.4.6. 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.

5.4.7. 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 this promotion contact Coenie Smith on +27 10 214 7820 or at medical@nedbank.co.za