If you have a Bonus Bond card, make your payment on the website as if you were using a credit or debit card; however, you cannot use the Bonus Bond card as a partial payment; it must cover the entire amount of your order.
What is the procedure for checking my bonus bonds in New Zealand?
Why haven’t I received a letter regarding my Bonus Bonds account details like my family member/friend/neighbour has? We attempted to contact all bondholders with up-to-date contact information through email or letter.
If you haven’t heard from us, it’s because we don’t have your right contact information, so please phone our specialized Contact Centre staff on 0800 266 374 or + 64 3 474 1299 from outside New Zealand (charges may apply) Monday to Friday, 8am to 6pm NZT.
It will speed up the process if you have the details of your bondholding on hand when you phone, but if you don’t have these, we may still be able to assist you. When you call, we’ll let you know whether you need to offer any more identification or information.
What is the meaning of a bonus bond card?
Bonus Bonds is a New Zealand unit trust that was created in 1970 with a cash-based reward plan. With about one-third of New Zealanders owning bonds, it is the country’s largest retail unit trust. Bonusbond gift cards are ideal if you’re looking for a versatile present for folks who have everything.
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’s going on with Bonus Bonds in New Zealand?
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 value of Bonus Bonds?
Each bonus bond is worth $1, and you can invest or withdraw without penalty. A bonus bond’s value does not rise or fall, so if you invest $1,000, you will receive $1,000 in bonus bonds when you withdraw your money. The odds of receiving a prize are the same for each $1 bond.