A system and method for processing promotional savings using existing communications platforms. A plurality of promotional codes are assigned and stored in a promotions database. These promotional codes are positioned by marketers on products, packaging, or the like, along with instructions informing consumers to transmit the promotional code to a predefined destination address, such as a phone number, a short code text number, or an email address. After a message containing the promotional code is received from the consumer, the received code is parsed from the message, validated, and a promotional savings value associated with the code is identified. That amount is communicated to an operator of at least one account associated the consumer, and applied as a savings to the operator's billing statement.