General disclosures - ANZ American Samoa

General disclosures

Customer identification

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.

Truth-in-Savings Act

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
Fagatogo Branch
PO Box 3790
Pago Pago
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.

APS222 Disclosure

Amerika Samoa Bank (ANZ-ASB) is a wholly-owned subsidiary of Australia and New Zealand Banking Group, Ltd. (ANZBGL). ANZ-ASB is a state-chartered bank under the laws of the Territory of American Samoa. ANZ-ASB is a member of, it is regulated by, and its deposits are insured by, the United States Federal Deposit Insurance Corporation.

The Australian Prudential Standards require disclosure of the fact that ANZ-ASB (which is licensed to do business in American Samoa), is not an authorized deposit-taking institution under the laws of Australia. The obligations of ANZ-ASB do not represent deposits or other liabilities of ANZBGL, nor does ANZBGL guarantee the obligations of ANZ-ASB.

FDIC Deposit Insurance

The FDIC's basic insurance limit has been temporarily raised from $100,000 to $250,000 per depositor. This enhancement will be in effect through December 31, 2013.

Certain retirement accounts, such as individual retirement accounts (IRAs), continue to be insured up to $250,000 per depositor per insured bank.

ANZ Amerika Samoa Bank is also participating in the FDIC's Transaction Account Guarantee Program. Under the program, through December 31, 2009, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Interest checking accounts (also known as Negotiable Order of Withdrawal accounts or NOW accounts) that ANZ Amerika Samoa Bank has committed to maintain an interest rate at or below 0.50% through December 31, 2009, are also fully guaranteed by the FDIC. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's basic deposit insurance rules.

To learn more, contact the FDIC toll-free at 1.877.275.3342 from 8:00 a.m. until 8:00 p.m. ET or visit the FDIC website.