The Bank complies with section 326 of the USA PATRIOT ACT. This law mandates that we must identify all customers and signatories to accounts. We will require you to produce certain identification documentation at account opening in order to process your account application.
Notice of availability of account disclosure statements. Under the Truth-In-Savings Act, you are entitled to receive disclosures containing important information about interest rates, account fees and other provisions of an account. You may request that we send a disclosure statement by calling us at the telephone numbers listed below, or by writing to us as follows:
ANZ Amerika Samoa Bank
PO Box 3790
American Samoa 96799
Telephone number: +1 684 633 1151
Funds availability policy
The Territory of American Samoa is exempt from the provisions of Regulation CC (Funds Availability Act). Proceeds from checks deposited to accounts held with us will be available according to the following schedule:
- proceeds from checks payable on other local banks will be available four business days after the deposit
- proceeds from checks drawn on mainland USA financial institutions will be available 21 business days after the deposit
- proceeds from checks issued by this bank will be available one business day after the deposit.
We reserve the right to pay or dishonour a check which is more than six months old (without prior notice to you).
Generally funds deposited at a main island branch or mobile van on a business day will be available the following business day. Transactions undertaken on a Saturday at a main island branch or mobile van will have an effective date of the next banking day.
Transactions taking place at an off-island branch on a business day will have an effective date of up to three business days after the transaction date.
ANZ Amerika Samoa Bank is a branch of ANZ Guam, Inc. ANZ Guam, Inc. is a wholly-owned subsidiary of Australia and New Zealand Banking Group, Ltd. (ANZBGL), which is incorporated in Australia. ANZ, Guam, Inc. is incorporated and licensed in Guam with limited liability. ANZ Guam, Inc is not an authorised deposit taking institution within the meaning of the laws of Australia. Deposits or liabilities with ANZ Guam, Inc are not deposits or other liabilities of ANZBGL and ANZBGL is not required to meet the obligations of ANZ Guam, Inc.
Notice of changes in temporary FDIC Insurance Coverage for transaction accounts
By operation of federal law, beginning 1 January 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning 1 January 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”).It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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