- Any owner or co-owner of a Series EE savings bond can transfer his or her ownership rights to another person under the guidelines. A Series I savings bond with named co-owners can only be altered if one of the owners dies or divorces.
- To transfer ownership of a savings bond to a court-appointed guardian or legal representative, fill out form PDF 1455.
Is it possible to transfer the ownership of EE savings bonds?
Yes. The owner of EE and I Bonds can transfer them to another person with a TreasuryDirect account; however, you must wait five business days from the purchase date to do so.
A savings bond can be transferred to another TreasuryDirect account in whole or in part. See What is the procedure for transferring savings bonds from one TreasuryDirect account to another?
What happens if I transfer savings bonds to another TreasuryDirect customer? Will the recipient’s purchasing limit be affected?
When you transfer savings bonds to another customer, the value of the transfer is deducted from the yearly purchase limit for each savings bond type for the year in which the transfer happens.
Is it possible to move marketable securities from one TreasuryDirect account to another or to a broker/dealer account?
Yes. Marketable Securities can be transferred in $100 increments. You can send a portion or the entire value of a single investment or a group of securities to a single recipient or financial institution. See What is the procedure for transferring marketable securities from my TreasuryDirect account?
No, you must transfer marketable securities from your TreasuryDirect account to a broker/dealer account in order to sell them.
The securities can be sold by the broker/dealer on your behalf.
Is it possible to transfer marketable securities from a non-TreasuryDirect account to my TreasuryDirect account?
Yes. You can contact your broker to have marketable securities from another account transferred as an Incoming External Transfer to your TreasuryDirect account. Customer Service will handle your request and add issued securities to your Current Holdings. For maturity and interest payments, incoming transfers are issued with your primary bank information as the payment destination (if applicable). For specific instructions, see Learn More About Transfers.
Is it possible to transfer marketable securities from my old TreasuryDirect account to my new TreasuryDirect account?
Yes. Complete a Security Move Request, FS Form 5179, to transfer assets from Legacy Treasury Direct to your TreasuryDirect account. Incoming transfers are deposited into your TreasuryDirect account’s Current Holdings.
What happens if I transfer a marketable security that was initially slated for deposit in my C of I before it matures?
Any purchases you have scheduled utilizing Zero-Percent C of I as the source of funds may be impacted if you elect to transfer a marketable security prior to maturity. If funds are inadequate to cover the purchase request, the purchases may be canceled.
What if the form of registration for transferring marketable securities from an outside broker to my TreasuryDirect account is invalid?
We shall refuse any inbound security transfer request that has an invalid form of registration.
What if the marketable security I want to move in from another outside account is registered with the words “OR,” “AND,” or “With Right of Survivorship”?
Regardless of the method of registration prior to the transfer, a security transferred from an outside account into a TreasuryDirect account will be transferred in the name of the individual account owner in single owner form. The registration can be changed to any allowable registration after the transfer is accomplished.
How do I modify my EE savings bond’s name?
How to Change the Names on US Savings Bonds
- For instructions on how to modify the registered name on your securities, go to “Manage Account.”
- Take any signature-verification forms to your bank for a Treasury-approved verification.
Is it possible to transfer a savings bond to someone else?
Because a savings bond is not transferrable, signing it prevents someone else from cashing it. Financial organizations require more than a signature to cash savings bonds as a safeguard against fraud. If you are unable to cash a bond personally, a registered co-owner or someone with power of attorney can do so on your behalf.
How do I transfer bond ownership?
The process of changing a savings bond into the name of another individual is explained by Zacks. The name of the owner or owners is printed on every US savings bond issued. Only the owner whose name appears on the bond is allowed to cash it in or transfer it. The first stage in the procedure is to submit a request for a reissue. Along with the bond, this form is filled out and sent to the US Treasury. The form is available on the official US Treasury website. If you are unable to download the form, you may contact the United States Treasury and request that the Request to Reissue United States Savings Bonds be mailed to you.
How can I cash a savings bond that belongs to someone else?
If you merely want to cash in a bond that you planned to give as a gift to someone else, contact your local Federal Reserve Bank or branch and get the “Request for Refund of Purchase” form. You will be entitled to a refund of the amount you paid for the bond, plus any accumulated interest, if you complete it and follow the other instructions. The Southern California office is located at 950 S. Grand Ave., Los Angeles, CA 90015.
Q: I’d like to purchase large-denomination US Treasury notes with three other investors. My broker, on the other hand, claims that he can only take one taxpayer identification number on the purchase. If there is only one tax ID number, how can we all handle our various tax duties for the interest these notes pay? Also, how do I contact the Association of Individual Investors? James C.
A: To answer your first question, there are two rather simple options. The simplest option is to form an investing partnership with the four of you and use the partnership’s taxpayer identification number to make purchases. The partnership’s terms will specify how the stake will be split. On their own tax returns, the four investors should disclose their individual shares of the interest payments.
What is the procedure for cashing a savings bond that is not in my name?
If you are not identified as the owner or co-owner on the bond, you must produce legal evidence or other documentation to establish you are entitled to cash the bond, regardless of where you cash it. (Legal evidence is not returned.)
It is important to note that savings bonds cannot be transferred. You can’t cash a bond that belongs to someone else or that you bought on an internet auction site. (See Death of a Savings Bond Owner if you inherit a bond through the death of the bond owner.)
What is the procedure for registering a savings bond?
The reissued bonds are available in electronic format through TreasuryDirect, our online portal. Visit www.treasurydirect.gov for information on how to open a TreasuryDirect account. 2) Within one month of final maturity, Series EE and Series I bonds may not be reissued.
Is it possible to cash in my parents’ savings bonds?
If you are now the owner of the savings bonds or if your parent listed you as the survivor beneficiary on the bonds, take them to a bank or other financial institution. In the presence of a bank official, fill out the redemption form on the back of the bonds and sign it. A driver’s license or other form of identification is required. You must also provide proof of death if you are mentioned as a survivor. This is usually done by a verified copy of the death certificate. The bank will redeem the bonds and pay you the proceeds.
What is the name of the person who owns a savings bond?
There is only one owner listed. Only that person is allowed to conduct business. The bond becomes part of his or her inheritance if he or she dies.
This is referred to as exclusive ownership in the case of electronic bonds.
Single ownership for paper bonds.
Transactions can only be made by the owner.
If he or she passes away, the beneficiary becomes the sole owner of the property.
An entity cannot be the beneficiary.
Although each owner may cash without the other’s knowledge or agreement, most other transactions require both owners’ signatures.
Is it possible to cash my daughter’s savings bonds?
Only if the child is too young to sign the savings bond on her own can a parent or guardian cash it. A parent who wishes to cash a child’s bond should generally take the youngster to the bank with him or her to show the bank officials that the bond owner isn’t old enough to sign for herself. A parent cannot cash in a savings bond without having the child sign it in the presence of a bank representative once the child is old enough and aware enough to put her own signature on it.