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Exclusive to Nedbank clients, Greenbacks is a loyalty rewards programme that gives you cash back for using your Greenbacks-linked debit or credit card, plus Greenbacks-exclusive discounts from our reward partners.  

 

If you are already a Nedbank client and you have an eligible transactional account, you can apply conveniently on the Money app or Online Banking. If you are not a Nedbank client, you would need to firstly open an eligible transactional account and then link it to the Greenbacks programme. For assistance, you can call 0800 555 111 or visit your nearest Nedbank branch.

Use your Greenbacks-linked bank card to get a percentage of your spend back in Greenbacks and exclusive rewards. The Greenbacks you get back and discounts you’ll receive depend on the card you use and the reward level you are on.

Greenbacks levels determine how much rewards you get back. If you are on a higher level, you'll get more cashback and enjoy more discounts.

See the discounts and cashback you could get, depending on the level you are on:   

 Cash in GreenbacksApple device discountsSamsung devices discountGreenbacks Travel (flights only)Nu Metro cinema discountbp cash back in GreenbackCheckers grocery benefit
Level 1Up to 0.3%2%2%0%50%25c per litre0%
Level 2Up to 0.5%4%4%0%50%25c per litre0%
Level 3Up to 1%6%6%5%50%25c per litreUp to 2%
Level 4Up to 1.2%8%8%10%50%25c per litreUp to 5%
Level 5Up to 2%10%10%Up to 30% or 80% on level 5 + booster50%25c per litreUp to 20% or 30% on level 5 bonus

 

To move to a higher level and enjoy more rewards, simply meet any or all banking behavioural goals. When you have met a goal, you will move up a level. Your first step to moving up the Greenbacks levels is to have a Nedbank transactional account (savings or current) that is linked to the Greenbacks programme and to have your monthly income deposited into this account. Thereafter, you can achieve more goals and add more levels to your Greenbacks profile, depending on your banking behaviour.

See below the behavioural goals required to reach a level (each goal achieved represents a level):

GoalRequirements
Main Banked

Have your monthly income deposited into a Nedbank transactional account, and you must have at least two debit orders deducted from this account. 

Or

Have your monthly income deposited into a Nedbank transactional account, and you must make 3 money out transactions* using one of our digital platforms like the Money app, Online Banking or Cellphone Banking. Transfers between your accounts don't count.

Booster level
To achieve the Booster level, you must meet all the Main Banked requirements:

Have your monthly income deposited into a Nedbank account. 

And

Have at least 2 debit orders deducted from a Nedbank transactional account. 

And

Make 3 money out transactions* using one of our digital platforms like the Money app, Online Banking or Cellphone Banking at least 3 times a month. Transfers between your accounts don't count.

*Money out transactions include buying prepaid airtime, data or electricity, playing the lotto or paying your bills using Bill payments or Send money.

Card SwiperSwipe, tap or scan to pay with your card at least 3 times a month or spend R5,000 or more a month in-store or online using any of the following cards: Greenbacks-linked Visa, Mastercard or American Express® Credit Card or Greenbacks-linked American Express® Debit Card.
Structured Saver

Increase your savings or investment balance by at least R3,000 over 3 consecutive months.

And

Keep a monthly balance of at least R100,000 across your Nedbank investment portfolio.

Responsible BorrowerMake sure to pay your personal loan, vehicle loan, or home loan instalments in full, and on time every month and do not exceed your overdraft limit.

Yes. If a Greenbacks member does not fulfil the requirements of a specific level.

Whether you need to pay a monthly fee to be a Greenbacks member depends on the Nedbank account you have. Greenbacks is free for most accounts, with only two accounts charging a minimal fee to be a part of Greenbacks programme. Visit nedbank to see the different account types that can be linked to Greenbacks either for free or at only R35 a month.

Yes. Your business can earn Greenbacks the same way that an individual client can. The only difference is that Greenbacks levels don’t apply, so no matter the size of your business, you’ll earn incredible rewards.

Greenbacks is the currency of Greenbacks. You earn them when you use your Greenbacks-linked bank card. There are many ways to redeem your Greenbacks on the Money app or Online Banking. You can also your Greenbacks using your Greenbacks SHOP Card. 

All you have to do to earn Greenbacks is use your Greenbacks-linked Nedbank credit or debit card, or Greenbacks-linked American Express Card when you make transactions. 

You don't have to do anything to indicate that you want to earn Greenbacks on a purchase. When you use your Greenbacks-linked Nedbank credit or debit card, or Greenbacks-linked American Express Card, you earn your Greenbacks automatically.

GB1 (One Greenback) is worth R0.028. So 1,000 Greenbacks would be worth R28.

You can check your Greenbacks balance on the Money app or by logging onto Online Banking.

Greenbacks earned on a purchase take just 24 hours to reflect in your Greenbacks account.

Greenbacks can be spent or redeemed in more ways than you imagine. You can:

  • Make purchases using your SHOP Card.
  • Withdraw cash using your SHOP Card.
  •  Pay your card fees and bank charges.
  • Invest them in your Notice Deposit account or unit trust.
  • Transfer them into MyPocket.
  • Top up on prepaid airtime, data or electricity.
  • Donate to a charity close to your heart.


Here's a list of affinities and communities you can donate to:

  • WWF Nedbank Green Trust
  • Arts & Culture Trust
  • Nelson Mandela Children’s Fund
  • The Sports Trust

You can also choose to contribute towards rebuilding small businesses in communities across South Africa. You’ll find a list of these beneficiaries on your Money app. 

You can't transfer your Greenbacks onto your debit card, but you can transfer your Greenbacks into your MyPocket and move that money into your bank account.

Greenbacks that are transferred into a MyPocket will take 48 hours to reflect, excluding weekends and public holidays.

This is your physical card onto which your Greenbacks are loaded. You use this just like you would use a debit card when making purchases instore or online where American Express is accepted.

To apply for your SHOP Card, simply call 0800 555 111 or visit your nearest Nedbank branch.

If you want to use your Greenbacks to make a purchase in store, simply swipe, tap or scan the Greenbacks SHOP Card like you would any other bank card. A Greenbacks SHOP Card can only be used at stores that accept American Express. 

You can use your Greenbacks SHOP Card to make a purchase at any physical store that accepts American Express.

Yes! You can draw your Greenbacks as cash at any Nedbank ATM using your Greenbacks SHOP Card.

Not directly. You can transfer Greenbacks to your MyPocket. Once you've transferred them to your MyPocket, you can move them to your bank account. This will take a few days to reflect.

You may cancel your participation in the programme by contacting the call centre on 0800 555 111 or visiting your nearest Nedbank branch. If you choose to cancel, you unfortunately forfeit all the Greenbacks in your Greenbacks account at the time of cancellation.

This is a goal that rewards you for having your income deposited into your Nedbank account, as well as banking conveniently using our affordable digital channels, and maintaining your payments by setting up debit orders.

This is a goal that rewards you for choosing to pay the safe and affordable way with your card instead of paying with cash.

This is a goal that rewards you for saving money.

This is a goal that rewards you for maintaining good credit health.

As a Nedbank cardholder and Greenbacks member, you need to register for Online Banking or the Money app. After registering, you will have access to your Greenbacks account.

No. The Greenbacks programme is exclusive to Nedbank clients with a Nedbank account.

Spend at least R60,000 over 3 consecutive months using your Greenbacks-linked American Express Credit Card (e.g. and average of R20 000 every month, or R25000 in month 1, R15000 in month 2 and R20 000 in month 3.) and maintain Greenbacks level 5.

*rolling 3-months: latest 3 months, moving forward one month at a time.

You can earn enhanced grocery cashback at the below participating Checkers stores:

  • Checkers

  • Checkers Hyper

  • UNIQ 

  • Checkers Outdoor

  • LittleMe

  • Petshop Science

You can earn up to 30% cashback in Greenbacks, depending on your Greenbacks level and the card type you use.

You must use the Greenbacks-linked American Express Debit or Credit Card.

No. Only Greenbacks Level 3-5 qualify for enhanced earn.

Greenbacks Level 1-2 earn regular cashback

Regular Earn is the standard cashback you earn based on your Greenbacks level and Enhanced Earn, the cashback you earn is higher than regular earn.

Yes, Greenbacks Level 3–5 have a spend cap of R2000 per month and Level 5 Bonus has a spend cap of R5000 per month.

 

 Levels 1–2: Regular Earn 

Earn typeAmex Credit CardAmex Debit CardVisa / Mastercard Credit CardVisa / Mastercard Debit Card
Level 10.3%0.3%0.2%0.1%
Level 20.5%0.5%0.4%0.2%

 

 Levels 3

Earn typeAmex Credit CardAmex Debit CardVisa / Mastercard Credit CardVisa / Mastercard Debit Card
Regular earn1%1%0.6%0.3%
Enhanced earn2%---

 

 Levels 4

Earn typeAmex Credit CardAmex Debit CardVisa / Mastercard Credit CardVisa / Mastercard Debit Card
Regular earn1.2%1.2%0.8%0.4%
Enhanced earn5%2.5%--

 

 Levels 5

Earn typeAmex Credit CardAmex Debit CardVisa / Mastercard Credit CardVisa / Mastercard Debit Card
Regular earn2%2%1%0.5%
Enhanced earn20%10%--

 

 Bonus Earn rate

Earn typeAmex Credit CardAmex Debit CardVisa / Mastercard Credit CardVisa / Mastercard Debit Card
Enhanced earn30%15%--

 

 

Bonus Earn rate is the highest rate you can earn:

  • 30% cashback when using (Amex Credit Card)

  • 15% cashback when using (Amex Debit Card)

 

You must do the following:

  • Spend at least R60,000 over 3 consecutive months using your Greenbacks-linked Amex credit card

  • Be on Level 5 for 3 consecutive months

  • You must have the below qualifying Nedbank account for 3 months and more:  

  • MiGoals Plus

  • MiGoals Premium

  • Private Clients Bundle

  • Private One 

  • NPW Bundle

 

Once you reach your enhanced earn cap, or bonus earn cap, you will automatically revert to

regular cashback earn rates (up to 2%)

No, on Mastercard or Visa cards, you earn only regular cashback and do not qualify for Enhanced Earn or Bonus Earn on grocery spend.