User Guide Sections 151 Through 160
User Guide 151
Page Title: BuyDirect® for Zero-Percent C of I > Confirmation
What you can do on this page:
Your request to debit your bank account to fund your Zero-Percent C of I is complete. View your Zero-Percent C of I in Current Holdings. You should print this page for your records.
HELPFUL HINT
You will be given a confirmation number for each request to fund your Zero-Percent C of I. The first character will be "M" for Zero-Percent C of I Issue. Each confirmation number will be sequentially designated and never repeated for each account number. Increments build from letters AAAA to numbers 9999 for each confirmation number.
User Guide 152
Learn More About Zero-Percent Certificate of Indebtedness
The Zero-Percent Certificate of Indebtedness (Zero-Percent C of I or simply, C of I) is a Treasury security that does not earn any interest. It is intended to be used as a source of funds for purchasing eligible interest-bearing securities.
There's no limit to the amount you may hold in your C of I. You may build the amount in your C of I a number of ways:
- Follow the Funding Options directions in ManageDirect® to schedule electronic deposits with your employer or financial institution. (See Learn more about the Payroll Savings Plan to purchase savings bonds using the Payroll Savings Plan.)
- Select "Zero-Percent C of I" as the Product Type in BuyDirect® to withdraw funds from a designated bank account (maximum of $1,000 per transaction).
- Redeem securities in your TreasuryDirect account to "Zero-Percent C of I" instead of a traditional bank account.
After you've accumulated enough for the security you wish to purchase, simply select "Zero-Percent C of I" as the Source of Funds in BuyDirect. For your convenience, daily incoming electronic deposits are applied toward your C of I immediately prior to issuing other securities in your account. As long as any deposits to C of I are received for the purchase request date and the balance is sufficient, your security will be issued as scheduled.
Debits to C of I will be processed daily in the following order:
- Reinvestments – If additional funds are required to complete a reinvestment transaction and the original security associated with the reinvestment was purchased with C of I funds on or after May 15, 2010, your C of I will be debited.
- Original Treasury marketable security purchases with C of I selected as the Source of Funds.
- Savings bond purchases with C of I selected as the Source of Funds.
Note: If your C of I balance is insufficient, scheduled transactions for which funds are not available will be canceled.
Need one less worry about your security payments? If payments to your bank are returned to us for any reason, the returned funds will be automatically deposited in your C of I. You're then able to use the deposited funds to purchase additional securities in your account or redeem all or part of them to your bank. It's your choice.
Unexpected changes in your plans? Choose the option to redeem your C of I, and the amount you enter is redeemed from your C of I and deposited into your designated bank account. However, if you purchase a C of I by debiting your financial institution, the total balance of your C of I will be ineligible for redemption for five business days. This is necessary in the event your C of I purchase request is returned to us by your financial institution. Five business days following receipt of the debit purchase, your funds are once again eligible for redemption.
All C of I purchase and redemption activity is conveniently recorded in your C of I History.
User Guide 153
Page Title: ManageDirect® > Funding Options
What you can do on this page
This page displays your available funding options for making security purchases within your account. You may wish to print this page to provide details to your employer for payroll deduction or your financial institution for electronic deposits.
ACH Debits
You may purchase any of the TreasuryDirect product line by designating a specific bank account as the Source of Funds. A debit to your selected bank account is initiated for the requested purchase date.
Payroll Savings Plan
Individual account owners may now establish a Payroll Savings Plan in TreasuryDirect. Incoming credits from your payroll office result in the purchase of a Payroll Zero-Percent Certificate of Indebtedness (Payroll C of I) within your primary individual account. Each time your Payroll C of I balance reaches the designated Purchase Amount, a savings bond will be issued.
You must first establish a Payroll Savings Plan through ManageDirect. Then contact your payroll office to complete the necessary authorization for payroll allotments.
To begin receiving credits in your account, give your payroll office the following information for scheduling electronic deposits in your TreasuryDirect account:
- TreasuryDirect's Routing Number 051736158;
- Your ten-digit TreasuryDirect primary account number, without hyphens, followed by the letter "P" (Example: A123456789P);
- The amount of your allotment; and
- Your TreasuryDirect account can be marked as a type 22 (checking) or 32 (savings). We will accept either type.
When you purchase a Payroll C of I, it will not earn interest. It is only used to fund the purchase of Series EE and Series I Savings Bonds.
ACH Credits
You may receive incoming credit transactions if you schedule regular deductions with your employer or electronic deposits with your financial institution. All incoming credits result in the purchase of a Zero-Percent C of I within your account. You then schedule the purchase of securities in TreasuryDirect using your C of I as the source of funds.
To begin receiving credits in your account, give your payroll office or financial institution the following information for scheduling electronic deposits in your TreasuryDirect account:
- TreasuryDirect's Routing Number 051736158;
- Your ten-digit TreasuryDirect account number, without hyphens (Example: A123456789);
- Amount of the deposit;
- Frequency of the deposit (if applicable); and
- Your TreasuryDirect account can be marked as a type 22 (checking) or 32 (savings). We will accept either type.
When you purchase a Zero-Percent C of I, it will not earn interest. It is only used to fund the purchase of other eligible securities.
Primary Actions
- Select "Return" to go back to ManageDirect.
User Guide 158
Page Title: Zero-Percent C of I Disclosure
What you can do on this page
Your first incoming credit transaction has been received in your TreasuryDirect account. You received an incoming credit if you scheduled regular payroll deductions with your employer or electronic deposits with your financial institution. A Zero-Percent Certificate of Indebtedness (Zero-Percent C of I or simply, C of I) has been automatically purchased as the result of this incoming ACH credit.
The Zero-Percent C of I is a Treasury security that does not earn any interest. It is intended to be used as a source of funds for traditional Treasury security purchases. You must select "Continue" to acknowledge that you understand the Zero-Percent C of I security does not pay any interest.
HELPFUL HINT: Select the checkbox for "Don't show me this message again." and it will not reappear the next time you Logon.
Primary Actions
- Select "Continue" to go to My Account.
User Guide 159
Page Title: ManageDirect® > Add a Conversion Registration
What you can do on this page:
You may add a registration to be used to convert your paper securities through SmartExchange.
HELPFUL HINT
Enter information on this page as it appears on the actual paper bond. If a registrant's Social Security Number is not correctly shown, enter the correct number. If the number is not known, enter all zeros.
Primary Actions
- Click "Submit" to add a registration and return to the previous page.
- Click "Submit & Add Another" to add any number of registrations and return to the Add a Conversion Registration page.
- Click "Cancel" to return to your previous page.
Other TreasuryDirect pages linked or related to this page:
- ManageDirect in your Conversion Account
- ManageDirect > Add a Bond
- ManageDirect > Conversion Registration List
- ManageDirect > Select a Registration
User Guide 160
Page Title: ManageDirect® > Add a Bond
What you can do on this page:
You may add the information shown on the paper bonds you are preparing to submit for electronic conversion. A registration must be selected before this page is available. If you wish to change the registration, you can choose the "Select a Different Registration" button.
HELPFUL HINT
Enter the information exactly as it appears on the paper bond.
Primary Actions
- Click "Add to Cart" to add a bond to your Conversion Cart.
- Click "Select a Different Registration" to select another registration.
- Click "View Cart" to view the securities in your Conversion Cart.
- Click "Cancel" to return to your previous page.
User Guide 160A
Page Title: ManageDirect® > Add a Bond
What you can do on this page:
You may add the information shown on the paper bonds you are preparing to submit for electronic conversion. Since all securities in an entity account carry a registration identical to the entity account name, all bonds converted will be registered in that form, regardless of the registration on the paper bonds. If the submitted bonds are not registered in the name of the entity, documentary evidence may be required to support the transaction.
HELPFUL HINT
Enter the information exactly as it appears on the paper bond.
Primary Actions
- Click "Add to Cart" to add a bond to your Conversion Cart.
- Click "View Cart" to view the securities in your Conversion Cart.
- Click "Cancel" to return to your previous page.