Guiding consumers since 2009

Nedbank's cash sweetener to win new customers

By Staff Writer

Nedbank is wooing customers with a cash reward of R750 if they open one of a range of bank accounts before the end of March.

To get their cash, customers will have to open a Nedbank Ordinary Current Account, Everyday Current Account, N-5000 Investment Account or the Optimum Current Account.

However, to qualify for their reward customers must sms the word ‘Fresh' and their new account number to 31673 by 4 April and deposit their salary (of at least R3,000) into the account  by 31 May.

Nedbank claims its new campaign is a first in the South African banking industry. Saks Ntombela, managing director Transactional & Investment Products at Nedbank, explains: "The first few months of the year are often lean times for consumers, so the timing of the offer will be opportune for interested consumers."

With a nod to the on-going debate over bank charges, Nedbank points out that the money could be used ‘to offset service charges and bank fees, which is consistent with Nedbank's strategy to make banking more affordable'.

Ntombela says: "On average most current account holders pay R150 a month in bank charges, so R750 means free banking for five months."

Here at Justmoney.co.za will also recommend that you use our bank charges calculator first to compare accounts from different banks to check if, even with the R750 cash back, Nedbank's accounts are the most cost-effective products for you. You can also search and apply for Nedbank accounts by using our quick comparison tool.

Customers who open their current account and sms their account number and the word ‘Fresh' before 3 March will also get the chance to win more prizes because they will be entered automatically into a lucky draw that will culminate in the six week Fresh Start Money in the Bank TV Show.

The game show will be aired on SABC3 at 21h27 every Wednesday from 6 February until 12 March 2008, with contestants standing the chance of winning R100,000 worth of prizes each week. Phone-in contestants also stand the chance of winning other prizes.

Click here for more information on the products included in the offer.

Recent Articles

Featured Times are tough, but keep your debt under control

While the whole world is going through a rough patch, you may also be feeling the pinch. With the country in crisis, it may be difficult to keep up with your debt instalments. However, abandoning your debt obligations is not the solution.

Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Debt counselling – the two sides of the coin

Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?

Travel ban – how to claim for the loss incurred

As with the recent Covid-19 pandemic, governments sometimes issue travel bans to prevent people from travelling to other countries. This becomes even more complicated if you’ve already planned and paid for your trip. Your flights will be cancelled, and you may lose money from cancelled accommodation arrangements. How do you claim for the financial losses incurred due to a travel ban?

Deals

Get 30% back when you fill up with your Absa card

Price: Available on request
When: Daily
Where: Nationwide

Get 50% back in eBucks when you apply for an FNB home loan

Price: Available on request
When: Daily
Where: Nationwide

Get 50% off your online fees when you pay with Capitec card

Price: Available on request
When: Daily
Where: Online