Fraudsters may call or send phishing emails to consumers posing as ANZ or Bonus Bonds employees in order to steal personal information or get access to clients’ bank accounts or Bonus Bonds payouts.
- Go to ANZ Internet Banking by clicking on a link. Always use the address bar to access ANZ Internet Banking by typing www.anz.co.nz. Visit www.anz.co.nz/security for more information on keeping your banking secure.
How do I reclaim my Bonus Bonds?
Why did ANZIS decide to cease taking new Bonus Bond investments and close the scheme down? With low interest rates reducing the Bonus Bonds prize pool, the plan stopped to new investment on August 25, 2020, and ANZ Investment Services New Zealand Limited (ANZIS) announced its intention to start winding up the Scheme by the end of October 2020.
The scheme’s wind-up, which began at 9 p.m. on Saturday, October 31, 2020, was confirmed by ANZIS, the manager, and Trustees Executors Limited, the supervisor.
No Bonus Bonds can be purchased or redeemed in a wind-up situation, and money will be returned to bondholders as they become available. A monthly prize draw will no longer be held. You will not be able to cash in your Bonus Bonds; instead, throughout the wind-up process, you will receive one or more distributions from the Scheme.
What happens to Bonus Bonds that aren’t claimed?
After the plan is closed, Treasury will oversee the process of claiming funds.
Anyone who believes they may have Bonus Bonds should contact ANZ right away so they can receive their payments as soon as possible.
How do people contact ANZ about Bonus Bonds?
You can call the designated phone line at 0800-266-374 if you suspect you might be a Bonus Bondholder. Visit www.bonusbonds.co.nz for more details.
What is the duration of Bonus Bonds?
In exchange, we ask that you invest your child’s money with us for the whole 5-year period. However, we understand that this isn’t always possible, and your child may require funds before the conclusion of the semester. So, with our Children’s Bonds, you can cash out your investment early, but there will be a penalty.
Why are Bonus Bonds being phased out?
ANZ said on Tuesday that it is still waiting for 804,000 bondholders to contact them with their account information. This includes those who may have received Bonus Bonds as a gift or who may have purchased Bonus Bonds in the past.
On August 26, 2020, ANZ Investment Services (NZ) Ltd announced that it would stop accepting new Bonus Bond investments after more than five decades. Low interest rates “continued to diminish the prize pool,” according to ANZ managing director retail and business banking Ben Kelleher.
ANZ NZ managing director of personal banking Ben Kelleher confirmed that bondholders who stayed in the plan through the wind-up process would be paid $1.10 per Bonus Bond.
“If there are any remaining monies to be disbursed,” Kelleher stated, “another minor payment may be made next year.”
Unclaimed funds will be sent to the Treasury, according to ANZ. A date has yet to be determined.
ANZ encourages anyone who believes they have Bonus Bonds to contact them “now or early in the New Year.”
Bondholders should contact ANZ to confirm their bank account details for monies to be paid into if they haven’t previously done so.
“We need to make sure payment is made to the account the client wants the funds sent to, even though we hold account information for several bondholders,” Kelleher explained.
ANZ said it aims to make a payment by Christmas to the 232,000 bondholders who have already given their account information.
Payments would “continue to be processed regularly, until completion of the wind-up,” according to an ANZ spokesman, for bondholders who have yet to contact them with their information.
Bondholders can speak with the team about what kind of identification is needed and what information is currently accessible, according to Kelleher.
Q6. How can persons who believe they have Bonus Bonds but no records go about getting them?
People who received Bonus Bonds as a youngster or as a present may have forgotten about them.
ANZ encourages anyone who believes they may have Bonus Bonds to contact them.
Bondholders can get further information by calling 0800 266 374 or visiting the Bonus Bonds website.
Have Bonus Bonds been distributed?
The remaining $680 million owing to investors who had their money locked up in the defunct Bonus Bonds fund for more than a year has been reimbursed by ANZ.
ANZ announced the closure of the Bonus Bonds fund in August last year, offering the largest single winding up of a fund in New Zealand history, with $3.25 billion to be returned to investors.
However, after initially planning to repay the remaining bondholders by October of this year, ANZ announced that the payment plan had been postponed.
The delays were caused by a lack of IT professionals and the necessity to invest in IT systems in order to make payments to investors, according to the report.
What is the best way to see if I have Bonus Bonds?
Your contribution will be deposited into any New Zealand bank account you specify. Simply phone the Bonus Bonds Wind-up Contact Centre between the hours of 8 a.m. and 6 p.m., Monday through Friday, on 0800 266 374.
Please note that you do not need to visit an ANZ branch; when you call, they will instruct you on how to supply your bank account information.
In many circumstances, you will be able to offer your bank account information over the phone right away.
It might be good to have the information of your Bondholding on hand when you call (for example, your Bondholder number or a serial number from a Bonus Bonds certificate).
In December of current year, the ANZ expects to pay $1.10 for each Bonus Bond owned. Bondholders may get a small payout at a later date if there are any money left over after the Bonus Bonds scheme is closed.
How can I get a free copy of my lost inheritance?
Online databases make it simple for anyone to look for unclaimed inheritance money.
Don’t forget to look under the Related Links section of the Links tab. The Financial Management Service, U.S. Savings Bonds, the IRS, the Pension Benefit Guaranty Corporation, Housing and Urban Development, Federal Deposit Insurance Corporation, and the Department of Veterans Affairs all have access to additional searchable databases.
Don’t limit your search to one variant of your loved one’s name if you want to be thorough. Many state databases demand that you type the name exactly as it appears in the system.
Experiment with other spellings, add a prefix or suffix, search using the maiden name, or use the first initial and last name. Add words like “Beneficiary,” “The Estate of,” “Payable on Death,” “Unknown Heir,” or “No Beneficiary” to your list.
Bonus Bonds NZ is owned by who?
Bonus Bonds are units in the Bonus Bonds Scheme (‘Scheme’) and are not deposits or other obligations of ANZ Bank New Zealand Limited (‘ANZ’), Australia and New Zealand Banking Group Limited (‘ANZ Group’), or their subsidiaries (the ‘ANZ Group’).
Do Bonus Bonds for Children expire?
Unless National Savings is ordered to cash them in, each five-year bond automatically renews on maturity for another five years until the kid reaches the age of sixteen.
30 days before maturity, parents receive annual interest statements and a reminder letter. There is no additional correspondence following the final maturity nudge.
The value of unclaimed matured bonds some of which may have been dormant for more than two decades is more than the value of living bonds.
According to our research, National Savings has £640 million in its residual account. Though all unclaimed maturing bonds, such as Savings Certificates, are stored here, the majority of the balance consists of forgotten Children’s Bonds.
Until they are claimed, the monies earn a pitiful 0.1 percent each year. Nearly £50 million in maturing Children’s Bonds ended up in the residual account during the last two financial years.
Last year, depositors in this dead end account received just £608,000 in interest, compared to £12 million paid to holders of live Children’s Bonds.
Many young adults will undoubtedly miss out on the benefits of their family’ generosity since the government-backed savings bank fails to remind them that they are owed money.