Stanbic IBTC Bank has launched the fourth season of its Reward4Saving Promo, a customer-centric initiative designed to promote a robust savings culture in Nigeria and reward customer loyalty. Building on the success of the previous three seasons, which saw over 1,900 customers win a combined total of N318 million, this year’s edition promises even greater rewards, with a total prize pool of N130 million earmarked for 874 lucky winners. The bank’s commitment to financial empowerment underscores the significance of this initiative, not only as a reward mechanism but also as a catalyst for fostering positive financial habits.
The Reward4Saving Promo offers a simple yet effective way for customers to participate and stand a chance to win. Eligibility criteria require maintaining a minimum balance of N10,000 in a Stanbic IBTC Bank Savings Account or @ease Wallet for at least 30 days. This threshold serves as the entry point, with increased multiples of N10,000 directly correlating to higher chances of winning. The program encourages consistent savings habits, rewarding customers for their commitment to financial growth. For those without existing accounts, the bank extends an invitation to open a Stanbic IBTC Bank Savings Account and maintain the minimum balance to become eligible for the promo. This inclusive approach aims to broaden participation and extend the benefits of a savings culture to a wider segment of the population.
Transparency and integrity are central to the Reward4Saving Promo. To ensure fairness and maintain public trust, the draw process is rigorously overseen by representatives from two prominent regulatory bodies: the National Lottery Regulatory Commission (NLRC) and the Advertising Regulatory Council of Nigeria (ARCON). The NLRC plays a crucial role in overseeing lotteries and promotions to ensure compliance with established rules and regulations, preventing manipulation and safeguarding the interests of participants. ARCON’s presence further strengthens the transparency of the process by monitoring ethical advertising practices and upholding standards of fairness and accuracy in promotional activities.
This commitment to transparent practices has garnered recognition for the Reward4Saving Promo. The initiative has been honored with the “Most Transparent Consumer Promotion” Award for two consecutive years at the Industry Awards. This accolade underscores Stanbic IBTC Bank’s dedication to conducting its promotions with the highest level of integrity, reinforcing customer confidence and solidifying the bank’s reputation for ethical practices. By adhering to stringent regulatory guidelines and embracing transparent procedures, the bank has established a benchmark for promotional activities within the financial sector.
The Reward4Saving Promo is not merely a promotional activity; it represents a long-term commitment by Stanbic IBTC Bank towards building a financially empowered nation. By encouraging savings habits and rewarding responsible financial behavior, the bank plays a vital role in promoting financial literacy and empowering individuals to achieve their financial goals. The program’s structure incentivizes regular savings, fostering a disciplined approach to financial management and equipping customers with the tools to build a secure financial future.
Through this initiative, Stanbic IBTC Bank transcends its role as a financial institution and emerges as a catalyst for positive change. The combination of attractive rewards, transparent processes, and a genuine commitment to customer empowerment positions the Reward4Saving Promo as a significant driver of financial inclusion and a testament to the bank’s dedication to its customers’ well-being. By seamlessly blending financial incentives with a broader societal goal, Stanbic IBTC Bank sets a compelling example of how financial institutions can contribute to the economic progress of the nation.
