Back
Bank
Save & Invest
Borrow
Insure
Plan
Learn
Contact us
Get in touch
Find us
Manage your money
Accounts

Bank how and when you choose to, with the low fees or extra benefits you want.
Credit cards

Shop online or instore and earn rewards for it, with up to 55 days interest-free credit.
Digital banking

Enjoy anytime-anywhere banking from your computer, cellphone or tablet.

Switch to Nedbank

See the quick and paperless way to switch your salary or debit orders.
Fraud awareness

Protect yourself against the latest schemes and scams.
Forex

Buy foreign banknotes, transfer funds or shop globally with a travel card.
Rewards

Manage your money like a pro and get rewarded. Epic deals, discounts and more.
Explore Bank
Grow your money
Accounts

Great interest rates, with great flexibility and access to your money when you need it.
Investment services

Access the best in local and international wealth management solutions.
Share trading

Everything you need to trade online, or with the help of an experienced broker.
Explore Save & Invest
Achieve your goals
Personal loans

Personalised interest rates for affordable loans from R2,000 to R300,000.
Home loans

Loan up to 100% of the property value or up to 105% if you are a first-time home buyer.
Student loans

Unlock your potential with a full- or part-time student loan from Nedbank.
Overdrafts

Add an overdraft to your account for instant access to credit when you need it.
Vehicle finance

Planning on buying a car? Easily apply for MFC vehicle finance in 5 steps.
Solar finance

Secure affordable renewable energy while helping South Africa shift to green energy.
Explore Borrow
Protect what you love
Life cover

Up to R2 million life cover to take care of your family when you no longer can.

Funeral cover

Choose a plan for yourself, family or build your own cover to suit your needs.

Short term insurance

Get cover for your car, building, house contents, valuables and more.

Credit Life

Cover your bond, credit card, overdraft, loan and car repayments.
Travel insurance

International travel insurance with free 24-hr emergency assistance.
Is your business covered?

Secure Investments

Choose a plan for yourself, family or build your own cover to suit your needs.

Explore Insure
Plan your wealth
Financial planning

Take the right steps to achieve your financial goals with expert financial planning.
Estate, wills & trust services

Plan for everything you own and owe, so your estate is in order when you’re gone.

Nedbank Private Wealth

Get the private wealth banking experience with customised solutions and rates.

Speak to a financial adviser

Structure, grow, protect and transfer your wealth with the guidance of an expert.

Explore Plan
Find guidance
Blog

Buying a home, opening a new account or need to save? Let our experts guide you.
Explore Learn
Get in touch
Talk to us

Find the contact details you need, for guidance, complaints or debt assistance. We are here to help, by phone or email.
Find us

Get directions to your nearest branch, ATM or foreign exchange branch.
Explore Contact us
Back
Bank

Accounts

Bank how and when you choose to, with the low fees or extra benefits you want.

Credit cards

Shop online or instore and earn rewards for it, with up to 55 days interest-free credit.

Digital banking

Enjoy anytime-anywhere banking from your computer, cellphone or tablet.

Switch to Nedbank

See the quick and paperless way to switch your salary or debit orders.

Fraud awareness

Protect yourself against the latest schemes and scams.

Forex

Buy foreign banknotes, transfer funds or shop globally with a travel card.

Rewards

Manage your money like a pro and get rewarded. Epic deals, discounts and more.
Back
Save & Invest

Accounts

Great interest rates, with great flexibility and access to your money when you need it.

Investment services

Access the best in local and international wealth management solutions.

Share trading

Everything you need to trade online, or with the help of an experienced broker.
Back
Borrow

Personal loans

Personalised interest rates for affordable loans from R2,000 to R300,000.

Home loans

Loan up to 100% of the property value or up to 105% if you are a first-time home buyer.

Student loans

Unlock your potential with a full- or part-time student loan from Nedbank.

Overdrafts

Add an overdraft to your account for instant access to credit when you need it.

Vehicle finance

Planning on buying a car? Easily apply for MFC vehicle finance in 5 steps.

Solar finance

Secure affordable renewable energy while helping South Africa shift to green energy.
Back
Insure

Life cover

Up to R2 million life cover to take care of your family when you no longer can.

Funeral cover

Choose a plan for yourself, family or build your own cover to suit your needs.

Short term insurance

Get cover for your car, building, house contents, valuables and more.

Credit Life

Cover your bond, credit card, overdraft, loan and car repayments.

Travel insurance

International travel insurance with free 24-hr emergency assistance.

Is your business covered?

Secure Investments

Choose a plan for yourself, family or build your own cover to suit your needs.
Back
Plan

Financial planning

Take the right steps to achieve your financial goals with expert financial planning.

Estate, wills & trust services

Plan for everything you own and owe, so your estate is in order when you’re gone.

Nedbank Private Wealth

Get the private wealth banking experience with customised solutions and rates.

Speak to a financial adviser

Structure, grow, protect and transfer your wealth with the guidance of an expert.
Back
Learn

Blog

Buying a home, opening a new account or need to save? Let our experts guide you.
Back
Contact us

Talk to us

Find the contact details you need, for guidance, complaints or debt assistance. We are here to help, by phone or email.

Find us

Get directions to your nearest branch, ATM or foreign exchange branch.
  • Digital banking
  • Switch to Nedbank
  • Fraud awareness
  • Rewards
  • Investment services
  • Share trading
  • Consolidation loan
  • Secondhand car loan
  • Home improvement loan
  • Exclusive short-term loan offers
  • Building loan
  • Switching home loan
  • Repossessed properties
  • Start your home buying journey
  • Solar-energy Finance
  • Earn R29,600 p/m or less? See offer
  • HomeVision extra funds
  • Home-buying Toolkit
  • Managing your home loan
  • Overdrafts
  • Vehicle finance
  • Solar finance
  • Individual R10,000
  • Individual R30,000
  • Family Cover
  • Build your own cover
  • Vehicle insurance
  • Building insurance
  • House contents insurance
  • Valuables insurance
  • Home loan credit life
  • MFC Vehicle Finance Assurance
  • Overdraft Assurance
  • Balance Protection Plan
  • Personal loan Assurance
  • Travel insurance
  • Is your business covered?
  • Guaranteed Growth Plan
  • Guaranteed Income Plan
  • Investment planning
  • Insurance planning
  • Give
  • Retirement planning
  • Will drafting
  • Ensure your estate is managed by an executor | Nedbank
  • Trust services
  • Financial accounting
  • Tax services
  • Leave the admin of your estate to us, and not to your loved ones | Nedbank
  • Nedbank Private Wealth
  • Speak to a financial adviser
  • Blog
  • Talk to us
  • Find us
Need to resume your application?
Need to resume your application? Apply

Switch Your Salary R500 promotion

Terms and conditions

 

 

1. THE OFFER

1.1.1 Nedbank will pay R200 into your transactional account every month for the duration of your credit agreement and subject to your meeting the monthly qualifying conditions set out below in clause 3.

1.1.2 The payment will be made into your transactional account on the 20th day of the month. If the 20th falls on a weekend or public holiday, the payment will reflect on the next business day.

1.1.3. A R500 as a once off cash back payment (promotional offer), will be paid into the transactional account, in the month, after the first salary/income has been deposited into the transactional account, e.g., if you switch your salary/income in August, you will receive the R500 once off in September.

 

2. GENERAL

2.1 This promotion starts on 14 July 2023 and ends on 30 June 2024 (promotion period).

2.2 This information must be read together with the terms and conditions for transactional account (current or savings) and the Nedbank Loan Agreement, i.e., your vehicle finance agreement or your personal loan agreement (credit agreement), which you have entered and signed. All agreements are collectively referred to as the ‘agreements’, where applicable.

2.3 If you settle your credit agreement early before its original expiry date and simultaneously take up the same type of credit agreement, for example if you settle your vehicle finance agreement and take up another vehicle finance agreement, you will continue to receive the offer, but only for the remaining period in terms of the first credit agreement. If you do not take up another credit agreement, this offer will terminate immediately, without notice to you.

2.4 If you restructure your credit agreement and extend the term, you will receive the R200 for the original term only and not for the portion of the extended term.

2.5 This offer is limited to one credit agreement even if you have multiple credit agreements with Nedbank. You can choose which credit agreement this offer will be applied to.

2.6 You will not receive this offer, if you have opted in for another similar offer or are receiving another offer, at Nedbank. In other words, you will only be able to receive one offer at any time.

2.7 You will qualify to participate in this offer if you have received an SMS and or an email and have been contacted by Nedbank and/or our agent.

2.8 Once you have been contacted by Nedbank or our agent, you will have 60 days to open a transactional account if you do not already have one. You must meet the monthly qualifying conditions set out below within 60 days from date of opening your transactional account or if you already have a transactional account, from the date of the communication.

2.9 Nedbank employees are excluded from this offer.

2.10 Nedbank reserves the right to change the terms and conditions of this campaign throughout its duration.

2.11 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.

2.12 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.

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

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

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

2.16 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 you as soon as reasonably possible if the offer is affected in this way.

2.17 We reserve the right to replace the offer at any time with another of similar commercial value.

2.18 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.

2.19 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.

2.20 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.

 

3. QUALIFYING CONDITIONS

3.1 To qualify for this offer, you must ensure that you fulfil the monthly conditions below:

3.1.1 You must already have a transactional account, or you can open a new transactional account through one of the specified channels, i.e., at a Nedbank branch or through the Nedbank Contact Centre or our agent.

3.1.2 You must pay your instalment for your credit agreement via a debit order from your transactional account every month.

3.1.3 You must switch your salary/income, which must be R5 000 or more per month into your transactional account, every month.

 

4. EVENTS OF DEFAULT

4.1 You will not receive the R200 if you default on any one or all the below conditions at any time. These conditions include the following:

4.1.1 If you close your transactional account.

4.1.2 If you cancel your debit order.

4.1.3 If your debit order is returned unpaid for any reason.

4.1.4 If a deposit R5 000 or more is not credited into your transactional account monthly for the period of your loan.

 

5. MORE INFORMATION

For more information about the promotion call NCC CVM helpdesk on 0860 633 267.