To get your signature notarized, take your driver’s license or state identification card to a bank and fill out Form PD F 4000. Sign Form PD F 4000 in front of the certifying officer, who will sign and stamp it.
What is the procedure for changing the owner of my savings bonds?
The name of a single owner or two co-owners will be printed on a US savings bond. The savings bond can only be cashed by a listed owner. To change the owner of a savings bond, a reissue request must be made to the US Treasury together with the bond.
What is the procedure for adding a beneficiary to a savings bond?
You must register ownership of the securities in “beneficiary” form in order to do so. Simply put, you register ownership in your name, followed by the phrases “payable on death to” and the beneficiary’s name. A person, not an entity, must be the recipient. Parts 315.6 and 353.6 of the 31 C.F.R.) You must state if the beneficiary is a minor, for example, “payable on death to Jasmine Martin, a juvenile.” Ownership will be transferred to the person you named after your death.
You’ll have complete control over these assets, just as you do with corporate securities. To sell or give away the securities, you don’t need the beneficiary’s permission, and you can name a new beneficiary at any moment by filling out new ownership documentation.
There can only be one principal owner and one payable-on-death beneficiary, which is a significant limitation when adding a payable-on-death beneficiary. If the securities are co-owned by two or more peoplefor example, you and your spouseyou can’t specify a payable-on-death beneficiary. In that case, the best you can do is create a right of survivorship, so that when the first co-owner dies, the remaining co-owner receives the securities. The survivor could then designate a beneficiary.
Is it possible to transfer US Savings Bond ownership?
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. After the transfer is completed, the registration can be changed to any authorized registration.
What is the procedure for changing the name on a savings bond?
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.
Are there any recipients of US savings bonds?
Savings bonds are frequently registered in beneficiary form, meaning the owner designated a payable-on-death beneficiary to inherit them. A beneficiary, like a surviving co-owner, has three options: have it reissued in their name, with a co-owner, or with a POD beneficiary.
On an I bond, may you name a beneficiary?
On a bond, you can have a second owner or a beneficiary, but not both at the same time. A person, not a trust, must be the bond’s second owner or beneficiary. You have complete control over the arrangement as the primary owner of the I Bonds. At any moment, you can add or remove a beneficiary or a second owner.
What is the procedure for transferring a savings bond to a trust?
- To transfer Series I bonds to a trust, one of the bond’s owners or co-owners must be the living trust’s creator or beneficiary. Series I bonds cannot be transferred to a trust that is not mentioned as the bond’s owner.
- If the co-owner or beneficiary has not predeceased the owner, savings bonds with a named co-owner or beneficiary escape probate and pass directly to them. Co-ownership or beneficiaryship on a savings bond achieves the same result as putting the bonds in a living trust.
On a US Savings Bond, what does POD mean?
Beneficiary and owner. 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. “PAYABLE ON DEATH,” or “POD,” is written on the registration.
On TreasuryDirect, how can I designate a beneficiary?
You must first create a Conversion Linked Account before you may convert your paper savings bonds:
- Click “Establish a Conversion Linked Account” under Manage My Linked Accounts.
- Select “Create Account” from the drop-down menu.
- From the ManageDirect page, you’ll be taken to your new Conversion Linked account, where you can start the conversion process.
Note: In the future, you’ll need to log in to your Primary account to access your Conversion Linked account.
Collect your Series EE and I Savings Bonds; do not sign the backs of your bonds.
Note that all securities in an entity account will have the same registration as your Entity Account name.
Step 2: Linking Individual Accounts to Your Conversion Linked Account
only not applicable to entity accounts)
Once the bonds are converted, bonds registered in co-owner form (two names with the connective OR) will be prohibited.
A converted Series EE or Series I savings bond with a named co-owner (connective OR) is referred to as a “Restricted Security.”
The rights of the registrants are still guaranteed by the legislation under which the converted savings bonds were issued because they were initially issued in paper form.
A co-owner, for example, cannot be removed from the registration of a Series EE or Series I savings bond without his or her consent during the co-lifetime. owner’s
If converted securities are limited, TreasuryDirect does not allow the account owner to amend their registration.
The bonds will be subject to the restriction until the co-owner who did not request the conversion agrees to the change in registration.
A customer care agent can update the registration after the co-consent owner’s is acquired.
If you want to convert bonds on which your minor child is designated as a co-owner with youthe Primary Account ownerand send the bonds to a Minor Linked Account in the minor’s name, provide this information in the Comments section on the Add a Bond page when entering the Security Information. The bonds will appear in your child’s Minor Linked Account once they have been converted.
Transferring bonds from your account to an account with a different taxpayer identification account numbersuch as your child’s Minor Linked accountis reported to the IRS for the tax year in which the transfer occurs if you do not provide the instructions before the bonds are converted. Before converted bonds may be delivered to the account, the Minor Linked Account must be established. Select Establish a Minor Linked Account under Manage My Linked Accounts on the ManageDirect page of your Primary Account to create an account for your minor kid.
If someone named on the bonds has passed away, leave their name blank on the registration. A certified copy of the death certificate will be required. Other proof may be requested as well. The bonds shall be converted solely in the name of the surviving registrant. (Death certificates and other legal documents are not returned.)
Click “Create my registration list” under Manage My Conversions.
Enter the registrant’s Taxpayer Identification Number (TIN) and name for each different registration. If the TIN of a registrant is unknown, enter zeros: 000-00-0000.
- Note: A registration with your name and TIN is already in the registration list as a Single Owner registration type for your convenience.
- For two names, select the connector that appears: ‘OR’ or ‘Payable on Death’ (may be displayed as POD or Beneficiary).
- If an alternative connection, such as AND or WITH, appears, choose ‘OTHER.’ Note that if the bond isn’t registered in an authorized form, we’ll alter it to the next closest authorized form. In some cases, we may contact you after receiving the bonds to provide information on how to finalize the transaction.
- To add more registrations, click “Submit & Add Another” until you’ve input all of your registrations. Click “Submit” after you’ve completed your final different registration.
- To return to Manage My Conversions, click the ManageDirect tab and select “Convert my bonds.”
- Click “Select Registration & Continue” after selecting the registration for the bond you’re adding to the Conversion Cart.
- Select the bond’s Series and Denomination from the drop-down menus. Click “Select a Different Registration” if you need to change your registration.
- You want to convert bonds in which your minor kid is listed as a co-owner, and send the bonds to the Minor Linked Account in the minor’s name.
- “Add to Cart” should be selected. Every time you add a bond to your cart, it is instantly saved. If you are unable to complete the transaction, click “Save Cart” and log off. Return to ManageDirect and select either “Convert my bonds” or “View my cart” if you want to add more bonds.
Note that if you submit a fully matured bond, your cart will alert you. TreasuryDirect will automatically cash (redeem) a bond that has completed its final maturity and purchase a Zero-Percent Certificate of Indebtedness (C of I) in your Primary account when you convert it. For the tax year in which the redemption occurs, the interest earned is reported to the IRS. Select the checkbox beneath the Remove column and click “Remove Checked Items” to remove a bond from the cart. You must remove a bond from your cart and re-enter it to correct information on it.
Bonds can only be added to one cart at a time, and each cart can only hold 50 bonds. The basket is emptied once you click “Create a Manifest,” and you can add more bonds if necessary. Each cart of bonds you provide generates a new manifest. You can produce as many manifests as you need to trade all of your paper bonds because each manifest is separately numbered. Important! You won’t be able to add more bonds to your cart once you click “Create a Manifest.”
- To proceed with the conversion request, go to the Conversion Cart page and select “Create a Manifest.” The bonds you put in the cart are listed on a numbered manifest. (If you saved a cart in a prior session, you may view it under ManageDirect’s View My Cart option.)
- Send your bonds and the manifest to the address on the form. Please do not autograph your savings bonds on the back.
You will not be notified when the bonds are received or the conversion process is completed. Your TreasuryDirect Conversion linked account, on the other hand, allows you to monitor the status of your bonds at any time. Then select “View my manifests” from the ManageDirect menu. Click the “Submit” button after selecting the manifest you want to see. In the Status column next to the bonds on your manifest, you’ll see one of the following notations:
- Bond was closed in a previous transaction, hence it was canceled. For example, if a bond was reported lost, stolen, or destroyed, a replacement bond was issued; or
- Bond has been converted. In My Converted Bonds Linked Account or your Minor Linked Account, look at your Current Holdings or Gift Box.
When someone dies, what happens to their savings bonds?
- Don’t do anything. Until the bond matures, it will continue to receive interest. Our office will hold semi-annual interest payments and pay them when the bond is cashed.
- Reissue: Have the bond reissued in the name of the survivor. A coowner or beneficiary may be added to the bond by the new owner.
- Along with FS Form 5396, submit a certified copy of the owner’s death certificate (download or order). Although the bond will not be physically reissued, you will continue to receive semi-annual interest payments. (A death certificate or other legal evidence will not be returned.)
Cash (Redeem) a paper bond with a named survivor
Series EE and I: Take your savings bonds to a financial institution that accepts them and provide proper identification as well as any supporting documentation that may be necessary. It’s a good idea to phone the banking institution ahead of time to find out what kind of identification and documents you’ll need.
Your local bank is not permitted to cash Series HH bonds, but they can assist you in submitting your transaction.
HH Savings Bonds (Cashing Series)
Reissuing a paper bond with a survivor named on it
Paper reissues of Series EE and Series I bonds are no longer available. Instead, TreasuryDirect converts the bonds to electronic bonds. If you are the survivor, you can use SmartExchange to convert your bond.
Series HH: Paper reissues of these bonds are still available. Reissuing or Replacing Series HH Savings Bonds has instructions.