The Promo, which was launched in 2022, aims to encourage and reward customers who practice a saving culture. All Stanbic IBTC Bank customers who have saved a minimum of 10,000 in their Stanbic IBTC Bank savings account for 30 days are eligible for the promotion.
The cash prizes ranged from $100,000 to $2,000,000. As part of the bank’s efforts to ensure a transparent and fair process, regulatory officials and members of the media were present to witness the selection of winners via a live draw.
Sadiya Ojo, Head Consumer Clients, Stanbic IBTC Bank, spoke at the event and reaffirmed the bank’s commitment to providing innovative financial solutions that meet the needs of its customers. She commended the winners on embracing a savings culture despite tough economic climes. She also reiterated the bank’s commitment to continue to reward its customers for their dedication and loyalty.
“Stanbic IBTC has rewarded over 700 customers with ₦100,000 since the commencement of the Reward4Saving Promo Season two. We still have one monthly draw, one quarterly draw, and the grand finale before the Promo ends. We actively encourage customers to build healthy financial habits and get more money as a reward for succeeding,” Sadiya said.
Stanbic IBTC Bank’s Head of Data Enablement and Insights, Kolawole Adebayo, also praised the regulatory authorities’ assistance and guidance in ensuring a fair process. He mentioned that deploying technology allows for the selection to be made using best practices. According to Kolawole, “We carry out these draws using computerised technology. We see all the processes, from client transactions to data collection, applying all the business cases presented to the point where the algorithm pushes data into the draw machines. All of these are without human manipulation too. This process speaks to the transparency in our process to give every qualified customer an equal chance to be winners.”
Customers can participate in the Promo by downloading the Stanbic IBTC mobile app, dialing 90937#, visiting the website or any Stanbic IBTC Bank branch or a @ease agent to open an account or @ease wallet, and saving at least 10,000 for 30 days.
The Reward4Saving Promo is one of many initiatives launched by Stanbic IBTC to reward customers and promote a savings culture in Nigeria.