General disclosures

General Disclosures

Important Information about Procedures for Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

U.S.A. Patriot Act

The USA PATRIOT Act, commonly known as the PATRIOT Act, is an Act of Congress that U.S. President George Walker Bush signed into law on October 26, 2001. The acronym stands for "Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001" (Public Law Pub.L. 107-56).

In accordance with Section 326 of the USA Patriot Act, applicants for new accounts are requested to provide current picture identification that verifies identity including name, address and other identifying information.

We proudly support all efforts to protect and maintain the security of our customers and our country.

The Consumer Financial Protection Bureau (CFPB)

In 2010, Congress passed the Dodd-Frank Act, which established the CFPB and are now authorized to issue regulations under the Truth-in-Savings Act, Funds Availability Act, Equal Credit Opportunity Act and Truth-in-Lending 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, fees and other terms concerning deposit accounts. 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 Guam, Inc
P.O. Box EQ
Hagatna, Guam 96932

Telephone IconTelephone Number +1671 479 9000

Funds Availability

The Territory of Guam 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

We reserve the right to pay or dishonor a check which is more than six months old (without prior notice to you).

ECOA (Equal Credit Opportunity Act)

The Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691 et seq., prohibits creditors from discriminating against credit applicants or groups of applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program or exercises rights protected under the Consumer Credit Protection Act. The Bureau of Consumer Financial Protection has issued regulations under ECOA. These regulations, known as Regulation B, provide the substantive and procedural framework for fair lending enforcement under ECOA.

Truth in Lending Act (TILA)

The Truth in Lending Act (TILA) (PDF 964kB) of 1968 is a United States federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs. Most of the specific requirements imposed by TILA are found in Regulation Z, so a reference to the requirements of TILA usually refers to the requirements contained in Regulation Z as well as the statute itself.

The purpose of TILA is to promote the informed use of consumer credit by requiring disclosures about its terms, cost to standardize the manner in which costs associated with borrowing are calculated and disclosed. TILA also gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. With the exception of certain high-cost mortgage loans, TILA does not regulate the charges that may be imposed for consumer credit. Rather, it requires uniform or standardized disclosure of costs and charges so that consumers can shop. It also imposes limitations on home equity plans that are subject to the requirements of Sec. 226.5b and certain higher-cost mortgages that are subject to the requirements of Sec. 226.32. The regulation prohibits certain acts or practices in connection with credit secured by a consumer's principle dwelling.

Notice of Expiration Of The Temporary Full FDIC Insurance Coverage For Noninterest-Bearing 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 “non interest-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 FDIC website.

Children’s Privacy

Our website is directed to a general audience. We do not knowingly solicit or collect personal information from children under 13 on our site.

Related Entities Disclosure

ANZ, Guam, Inc. is incorporated and licensed in Guam with limited liability. ANZ Guam, Inc is not an authorized 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.

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