Empower Your Future: Save & Win with Parallex Bank
Transform Your Savings To Millions In the Parallex Bank Save and Win promo
Welcome to Parallex Bank’s “Save & Win” campaign, designed to empower Nigerians to take control of their financial future. We believe that every customer’s journey to financial freedom begins with the fundamental act of saving.
By saving with Parallex Bank, you’ll not only secure your financial future but also:
- Grow your wealth through competitive interest rates
- Enjoy exclusive rewards and benefits
Join the parallex bank Save & Win promo today and stand the chance to be a millionaire criteria.
Qualification Criteria
New to Bank Accounts – Customers will be required to open an account and maintain an average account balance of N10,000 for the preceding month to qualify. Every N10,000 you save, gives you a ticket in the draws so the more you save, the higher your chance.
Zero Balance Accounts – Customers will be required to fund and maintain an average account balance of N10,000 for the preceding month to qualify. Every N10,000 you save, gives you a ticket in the draws so the more you save, the higher your chance.
Account Reactivation – Customers will be required to reactivate their accounts with a minimum average deposit of N10,000 for the preceding month to qualify. Every N10,000 you save, gives you a ticket in the draws so the more you save, the higher your chance.
Who should be interested?
The Salary Earner
A young banker in Lagos who dreams of owning his own home. He’s hesitant but decides to participate, saving diligently every month. When Emeka wins ₦200,000 in a monthly draw, it’s not just about the money—it’s a validation of his financial discipline and motivation to keep going
The Student
A final-year university student in Zaria, struggling to balance her studies and a part-time job. Amina starts saving with the encouragement of her friends, who also join the campaign. Winning ₦50,000 allows her to clear her school fees, but more importantly, it inspires her to continue saving even beyond the campaign.
The Entrepreneur
A small business owner in Onitsha with big dreams of expanding his shop. Chinedu reactivates his old account and participates, motivated by the grand prize. Although he doesn’t win immediately, consistent saving improves his cash flow, and when he finally wins ₦500,000, it helps him stock up his store, transforming his business.
The Retiree
A retired teacher in Ibadan, Mama Ade joins the campaign to save for her grandchildren’s future. When she wins the prize of ₦1,000,000, it’s more than a financial boost—it’s a story of hope and encouragement, inspiring others in her community to participate.
Rewards
| Items | Rewards | Winners per Monthly Draw | No of Total Winners | Total cost per Draws (N) | Total Rewards (N) |
| Grand Prize | 1,000,000.00 | 1 | 1 | 1,000,000.00 | |
| Cash rewards | 1,000,000.00 | 1 | 6 | 1,000,000.00 | 6,000,000.00 |
| Cash rewards | 100,000.00 | 3 | 18 | 300,000.00 | 1,800,000.00 |
| Cash rewards | 50,000.00 | 20 | 120 | 1,000,000.00 | 6,000,000.00 |
| Cash rewards | 20,000.00 | 30 | 180 | 600,000.00 | 3,600,000.00 |
| Cash rewards | 10,000.00 | 50 | 300 | 500,000.00 | 3,000,000.00 |
| Airtime rewards | 5,000.00 | 50 | 300 | 250,000.00 | 1,500,000.00 |
- The campaign will have a total of 925 winners with 154 persons winning monthly
- Draws will be held regionally in the following locations – Port-Harcourt, Uyo, Warri, Ibadan, Abuja with the grand finale draw in Lagos.
- 10 compulsory winners will be selected at the draw location for cash prizes N50,000 and below.
Terms and Conditions
- The Campaign will run for six months starting from October 15 2024 to April 14th 2025.
- The minimum qualification amount for the campaign is an average minimum balance of N10,000 for new to bank customers, funding of zero balance accounts and account reactivation.
- Every N10,000 you save, gives you a ticket in the draws so the more you save, the higher your chance.
- This campaign applies to only individual accounts in the bank.
- The account must witness at least one transaction via our channels (USSD, Debit Card, Mobile App and ATM) such as airtime/data recharge, bills payment on either Mobile app/USSD channels etc. to stand a chance for qualification.
- Winners will be selected through digital raffle draws every month for the next six months.
- Rewards will be ascribed to only qualified customers.
- Draws will be held monthly at the respective regions – Port-Harcourt, Uyo, Warri, Abuja, Ibadan with a grand finale draw in Lagos.
*This promo is approved by FCCPC and NLRC.
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