Union Bank has said it will reward new and existing customers with N55m in the ‘Save & Win Palli’ promo.

In a statement on Thursday, it said the campaign was introduced to provide relief to its customers as Nigeria continued to grapple with the economic hardship induced by the COVID-19 pandemic and other national issues.

During the promo period which runs from June to December 2021, it stated that new and existing customers who saved a minimum amount of N10,000 monthly, would qualify to win cash rewards and other prizes.

“A total of 350 customers will win N100,000 each in the monthly draws, while six customers will be rewarded with N1m each during the quarterly draws,” he said.

According to the statement, the grand finale would take place in December, with one customer winning the grand prize of N5,000,000.

An additional 300 customers would receive other gifts, bringing the total number of winners in the promo to 657, the statement said.

The Head of Retail Banking and Digital, Lola Cardoso, while kicking off the campaign, reiterated the bank’s consistent efforts to give back to customers.

She said, “Union Bank is excited to give back to our customers through the Save & Win Palli promo, which is one of the many ways we are offering support to Nigerians at this time.

“This promo presents a wonderful opportunity to reward our customers in ways that matter and foster the savings culture among Nigerians.

“Union Bank will continue to deliver products and services that enable our customers to achieve their personal and business goals.”

Union Bank customers could top up their savings with multiples of N10,000 to increase their chances of winning in the draws, she stated.