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.
What are the signs that I have Bonus Bonds?
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 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 happened to my Bonus Bonds?
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 are New Zealand Bonus Bonds?
Bonus Bonds was a New Zealand unit trust that was created in 1970 with a cash-based reward plan. Bonus Bonds were introduced by the New Zealand government through the Post Office Savings Bank under the Unit Trusts Act 1960, with the purpose of encouraging New Zealanders to save money.
What is the location of my bonus bond access number?
You can manage your Bonus Bonds at any time of day or night, from anywhere with an internet connection.
Please be aware that you will no longer be able to access MyBonusBonds to check your balance, update your contact information, or send your wind-up instructions as of November 5th. If you have any questions or need to make any adjustments to your Bonus Bonds, please contact our Bonus Bonds staff at the numbers listed below.
How can I see if I have any money in my name?
These same websites can be used to find out if there is any additional money owed to you in your name. Ruhle also cautioned against paying a charge to a third-party vendor to locate your funds. You shouldn’t have to pay to find hidden riches, and you shouldn’t have to hand away a portion of the money you uncover before it’s even provided to you. Remember, it’s your money, so go ahead and take it!
How do I locate my funds?
To find out if the federal government has any unclaimed monies, you must first determine the sort of benefit or payment that may be involved, the expected payment date, and how the payment should have been made.
Given this information, the agency in charge of certifying any outstanding payments should be able to assist you in determining the payment’s current status. The United States Government Manual, which is available in most public libraries, contains the titles and addresses for all federal departments.
The government entities listed below offer databases where you can search for unclaimed funds.
Their website was created by state unclaimed property experts to let the general public search for funds that may belong to you or your relatives for free.
How can I make a bond claim?
Complete a Claim for Lost, Stolen, or Destroyed United States Savings Bonds to register a claim for a savings bond that has been lost, stolen, or destroyed (FS Form 1048). Please sign the form in the presence of a certifying officer who is authorized to do so (available at a bank, trust company, or credit union).
When did Bonus Bonds first become popular?
He said the ultimate amount investors will receive at the end of the wind-up would depend on the actual costs of winding up the scheme as well as any investment income produced after October 31, 2020.
Bondholders would be able to see the financial statements via email, mail, public announcements, and posting the results on the Bonus Bonds website and the NZ Companies Office Disclose Register.
Financial statements reflecting the scheme’s financial situation at the time the wind-up occurred on October 31 were required by the Financial Markets Conduct Act, according to ANZ.
Bondholders should expect their money back in the second half of 2021, according to Kelleher.
“In due course, we will contact customers with instructions on how to get their money,” he stated.
Kelleher stated in August that closing Bonus Bonds was in the best interests of investors.
“Low interest rates have reduced the scheme’s investment returns, affecting the size of the prize pool,” he explained.
“It’s now clear that those patterns are likely to persist in the medium run.” As the world economy grapples with the effects of Covid-19, the official cash rate, which is already at a historically low 0.25 percent, may fall further in early 2021,” Kelleher stated at the time.
