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.
Bonus Bonds are issued by which bank?
The ANZ Group of companies includes ANZ Investment Services (New Zealand) Limited (ANZIS), which is a wholly owned subsidiary of ANZ Bank New Zealand Limited. The Bonus Bonds Scheme is managed and administered by ANZIS, which is also responsible for its management and administration.
What is the best way to find out how much money is left on my Bonusbond card?
You can check the balance of your Bonusbond card over the phone or at the store counter/help desk. To examine the remaining amount and transactions on a Bonusbond gift card, enter the following information.
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.
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.
Are Bonus Bonds a wise investment in New Zealand?
You can elect to put a small amount of money into Bonus Bonds in order to be eligible for a million-dollar cash award. That would be totally logical if you were informed of the slim chances of winning (1 in over 3 billion every month per bond held). Bonus Bonds are a safe investment if you accept this risk.
Are Bonus Bonds subject to taxation?
If a unit holder’s total payments from the Scheme are equal to or less than $1 per Bonus Bond held, the unit holder should not be required to pay income tax on such payouts. For each tax year, the Scheme’s practice has been to keep and pay tax on its investment income.