The event was held at the Bank’s Walter Carrington Crescent head office in Lagos, where winners were presented with their corresponding cheques at the event on Friday, 10 November 2023.

The Reward4Saving promo, a reward scheme for savings accounts and @ease wallet holders, was introduced to encourage customers to save for rainy days. Customers who keep at least ₦10,000 in their savings account for 30 days qualify for the draw.

₦206 million has been given out to 1,207 people since the inception of the promo in 2021; with ₦112 million still up for grabs in this current season which ends in August 2024.

The third season of the promo started in September 2023 and 140 people have been rewarded so far with N100,000 each.

There are 10 draws left until the end of season three and 700 new and existing customers from our seven business zones will be rewarded with ₦100,000 each; 28 customers will be rewarded with ₦1,000,000 each and seven customers will be rewarded with ₦2,000,000 each in the grand finale.

During the presentation of cheques, Layo Ilori-Olaogun, Head, Middle Market and Youth Segment at Stanbic IBTC Bank, noted that the organisation understands the importance of savings in achieving personal and financial goals, and this promotion shows the Bank’s dedication to supporting its customers on their financial journey.

“We are delighted to continue rewarding our esteemed customers through this promotion. At Stanbic IBTC Bank, we value each customer’s commitment to financial prudence and are committed to providing them with opportunities to grow their wealth.”

“To this, we congratulate all the winners who have emerged in this draw. Knowing the economic situation globally, we are happy to reward their discipline to save, in the hopes that it impacts their lives positively. hoping it impacts your lives.”

Reiterating the Bank’s commitment to rewarding customers for saving, Layo stated that the cash prizes would help the beneficiaries attend to their financial obligations and encourage other customers to start saving.

She said,

“We will continue to reward our customers for their loyalty and trust in us. This promo will run until August 2024, and more winners will emerge in the monthly and quarterly draws. To stand a chance of winning, existing customers should keep a minimum of ₦10,000 in their savings or @ease wallet accounts for at least 30 days to qualify for the draws.”

Layo urged prospective customers to download the Stanbic IBTC Mobile App, visit the web portal or any Stanbic IBTC Bank branch or @ease banking agent to open a savings account or @ease wallet and start on their journey to winning.

The Reward4Saving promo is a nationwide campaign aimed at rewarding customers with cash prizes monthly and the second season aims to give out ₦156 million to almost 900 Nigerians within a 12-month period.

The goal of the campaign is to encourage and promote a healthy savings culture among Nigerians and is open to new and existing customers who save a minimum amount of ₦10,000 monthly.

Speaking at the August live draw where various 70 individuals were rewarded, Omiyi Eromosele, Head, Consumer Client Coverage, Stanbic IBTC Bank, stated that customers who qualify to participate in the monthly draws, also stand a chance of winning ₦1 million in the quarterly draws.

On his part, Emmanuel Aihevba, Head, Main Markets Clients, Stanbic IBTC Bank noted that the promo is the bank’s way of giving back and empowering its loyal customers.

He said, “to deliver on our promise to continually reward our customers for their loyalty, we have created this platform which will run till March 2023, and have so far given away ₦42 million to deserving savers”.

Emmanuel further encouraged customers to continue to top up their savings accounts in multiples of ₦10,000 monthly to increase their chances of winning, while prospective customers should download the Stanbic IBTC Super App, visit the web portal or any Stanbic IBTC bank branch or @ease banking agent to open an account, or an e-wallet and start saving immediately.

Stanbic IBTC reiterated its commitment to giving its customers more value and more details of the promo can be found on the company website.

The July draw is the fourth of the second season of the promo and the seventh since inception.

The promo, which has rewarded 287 customers in the second season is expected to reward customers with cash prizes ranging from  ₦100,000 monthly, ₦1 million quarterly prize, and ₦2 million grand prize, from seven zones.

Adenike Nubi, Head, Mobile Financial Services, Stanbic IBTC Bank, stated that the July draws were carried out to encourage Nigerians to save while creating funds for their summer expenditures.

“Saving is a necessity, especially in our economic clime. Having funds can bring about peace of mind, as there is comfort in knowing that there is a pool of funds somewhere to fall back on when there is an urgent financial need. The Reward4Saving promo adds value to Nigerians, as it allows them to earn funds in their savings accounts while promoting a savings culture. Part of our strategic priority at Stanbic IBTC is to transform our customer experience, by aiming to do valuable things for our customers,” Adenike noted.

Olufunke Isichei, Head, Established Markets, Stanbic IBTC Bank said the Reward4Saving promo is aimed at engraining a savings culture in the minds and hearts of Nigerians.

He said: “For this month’s draws, we have rewarded 70 winners across different states with N100,000 cash prize each, as a way of appreciating individuals who have saved their funds in their accounts and e-wallets. The act of saving requires dedication, consistency, and discipline. As a financial institution committed to improving the lives of its customers, we will continue to reward the diligence and dedication of savers in Nigeria.”

“I congratulate our customers for emerging as winners in our July summer monthly draw. We understand that every fund received in their accounts will put a smile on the faces of our customers and we urge them to put their winnings to good use. To the public, we urge you to keep saving, to earn larger rewards.”

The second edition of the Reward4Saving promo themed “Bigger and Better”, encourages Nigerians to imbibe a savings culture.

By saving N10,000 in their Stanbic IBTC bank account or @ease wallet for at least 30 days, customers stand a chance to win various cash prizes.

Speaking at the live draws where 70 customers won N100,000 naira each, Emmanuel Aihevba, Head, Main Markets Clients, Stanbic IBTC Bank, said that the initiative is fulfilling the purpose for which it was created as it encourages customers to develop a saving habit and commit to it.

“As a progressive organisation, our quest to encourage people to cultivate the habit of saving for rainy days led to the Reward4Saving initiative. The result of that encouragement is impacting the lives of customers as we have all witnessed from the winners of the first season of the promo,” Emmanuel said.

He stated that the initiative has empowered customers through the rewards, reiterating that empowerment is one of Stanbic IBTC’s core pillars.

Over N44 million has been credited to more than 300 customers in the Reward4Saving promo; cash prizes ranging from N100,000 in the monthly draws and N1 million in the quarterly draws.

The promo which extends across seven regions in the country is still on for the next 10 months and over 735 winners will emerge winners of the outstanding N142million as it progresses.

He said: “This second season will see more winners because we have kept our word to make it Bigger and Better. We will maintain this throughout till the end of the promo by which time a total of 840 customers would have been rewarded with N100,000 during the monthly draws, N1million in the quarterly draws and grand prizes of N2million.”

While giving the closing remarks, Oluwakemi Zollner, Head, Sales and Distribution, Stanbic IBTC Bank, said “We are truly glad that we started this initiative to let people know the importance of saving and even happier that they are being rewarded for it. We have rewarded 70 customers today from seven zones and more of our new and existing customers still stand a chance of winning a whooping sum of N2 million at the grand finale”.

Stanbic IBTC Bank remains committed to empowering its customers through innovative and rewarding initiatives.