R500 cash back 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 a select group of clients only.  

2. Promotion periods

2.1 The promotion starts on 1 June 2024 and runs indefinitely (promotion period). 

2.2 We reserve the right to terminate the promotion at our sole discretion and at any time by posting such notice of termination on the Nedbank Website at 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 be an existing Nedbank consumer banking client without a transactional account;

3.1.3 have a valid South African ID; 

3.1.4 receive an SMS or push notification via the Money app from us, followed by a call from one of our agents, inviting you to participate in the promotion;

3.1.5 ensure that your accounts are in good standing, which means that it may not be in arrears or have been handed over for legal collection; and

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, you stand a chance to receive a once off R500 (Five Hundred Rand) in cash.

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 open a Nedbank MiGoals, MiGoals Plus or MiGoals Premium Account;

5.1.2 deposit your main income into your new account within 90 days of the account being opened. 

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 The offer will be deposited into your qualifying Nedbank MiGoals account opened in 5.1.1 within 30 business days of fulfilling the qualifying criteria.

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.

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/termsandconditions 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