SBS Wealth Limited is a registered company and operates under the brand “SBS Wealth” (referred to as SBS Wealth, we or us). SBS Wealth is a subsidiary of Southland Building Society (SBS Bank) and is part of the SBS Group, which is made up of SBS Bank and all its subsidiaries.

a. The promotion is valid from 6 August 2025 until 31 August 2025 (the “Promotional Period”). 

b. Switch your KiwiSaver account from your current KiwiSaver provider to the SBS Wealth KiwiSaver Scheme, or join the SBS Wealth KiwiSaver Scheme, during the Promotional Period and we will credit $100 to your SBS Visa Credit Card Account (the "Promotion”).

c. To be eligible for the Promotion, you must:

     i.  Be the named email recipient;

     ii. Successfully switch your KiwiSaver account from your current KiwiSaver provider to the SBS Wealth KiwiSaver Scheme, or join the SBS Wealth KiwiSaver Scheme, during the Promotional Period; and

     iii. Have an SBS Visa Credit Card and ensure your Card Account is open (and not in arrears or overdue) to receive the Promotion payment,

(“Eligible Customer”).

     iv. Not be a new Additional Cardholder,

e.  All SBS KiwiSaver Scheme account applications will be assessed in accordance with SBS Wealth Limited’s standard approval process. SBS Wealth Limited is not obliged to accept an application.

f. If you are an Eligible Customer, you will be notified via email and we will credit the $100 to the Eligible Customer's Card Account no later than 20 business days after the Promotional Period ends.

g. The $100 credit applied to the Eligible Customer's Card Account is not transferable, exchangeable, or refundable if the Eligible Customer closes their Card Account.

h. Like the ordinary cash back rewards, any cash credit earned under the Promotion will be credited to your Card Account and reduces the amount you owe but does not count as a payment to your Card Account. You still have to pay the Minimum Amount Due stated on your monthly statement.

i. All our decisions are final, and no correspondence or discussion will be entered into.

j. Participation in this Promotion is deemed acceptance of these Terms and Conditions and any other applicable terms and conditions.

k. If for any reason we are unable to run the Promotion as planned, we reserve the right (in our sole discretion) to extend, postpone, amend, reschedule or cancel the Promotion at any time on the provision of reasonable notice, which shall include posting notice of the change on sbswealth.co.nz

l. We and any other agencies associated with this Promotion will not be liable for any loss or damage whatsoever which may be sustained, directly or indirectly by any Cardholder in connection with this Promotion, except for any liability which cannot be excluded by law. These Terms and Conditions are governed by the laws of New Zealand and amounts are in New Zealand dollars.

m. Any capitalised terms used in these Terms and Conditions but not defined shall have the meaning set out in the SBS Visa Credit Card Conditions of Use.