Opening a TreasuryDirect Account

Last night, I finally got around to opening a TreasuryDirect account. For those that aren’t familiar with TreasuryDirect, it’s the web portal for investing in Treasury securities. As I noted a few weeks back, I’m interested in buying some Series I Savings Bonds – this was the first step.

Stuff you’ll need

Before you begin, be sure that you have the following at your disposal:

  • Your Taxpayer ID number (TIN). For individuals, that’s your Social Security Number (SSN), for entities that’s your Employer ID Number (EIN).
  • Driver’s License or State ID number and expiration date
  • Bank routing and account number
  • IRS Name Control – Whatever that is… Only required for legal entities

Three easy steps

Once you’re ready, there are three basic steps:

  1. Choose your account type
  2. Fill out your personal and banking information
  3. Choose a password, password reminder, and security questions/answers

Once you’re done, they’ll send you an account number via e-mail as well as an “Access Card” via snail mail. You’ll actually need that Access Card to login, so plan ahead.

I had planned on doing screenshots of the process, but it was so easy that it didn’t warrant them. They say it will take ten minutes, but it was more like three. I actually set up two accounts, one for me and one for my wife (you can’t do a joint account), and the confirmation e-mail showed up within seconds.

I’ll update once the Access Cards have arrived and we’ve had a chance to poke around a bit.

19 Responses to “Opening a TreasuryDirect Account”

  1. Anonymous

    FOLLOW-UP – Well, Treasury Direct came through. They received my bank info. on July 26th, and my account was set up and ready to roll by the 29th. The form is more scary than it has to be! The branch manager filled it out and signed it then just used the inked bank stamp. Not a big deal. So, don’t make it more complicated than it has to be (like we did). Once everything is set up it’s pretty easy to use.

  2. Anonymous

    Wellllll, 10 years ago my father gave my daughter money for college. She was 10, but he knew he wouldn’t be around when she would be going to school. I put the money into savings bond, online at Treasury Direct. We now need the money. The bank account I had set up is now closed. I can’t just delete it and add another. I have to go to a bank and have a “bank officer” fill out a form with an official stamp and then I have to MAIL in the form! They are supposed to email me when the bank it attached to my account Since the instructions were sketchy, I’m not even sure the information on the form is correct. What nonsense!! We need the money now!! I feel like my money is being held hostage by the government. I’m considering taking it all out and putting it into a physical bank. The interest was good, but access is terrible!

  3. Anonymous

    What a Gov. PITA!!! Treasury Direct may be as complex as filling out loan papers, rediculous! Just trying to gift a simple bond is bout impossible. Will take a couple hours of frustration.

  4. Anonymous

    Well, here we go again, it is saturday night and I am locked out until their Monday office hours because apparently I did something wrong – Foolish me, I was exploring my new account and I went to FAQ and could not go beck to my account. I thought I could use this password for 24 hours but I got to use it for a whole 10 minutes and cannot use it again because I am locked out. What a PITA. I am very worried about making deposit not because of security but because of my inability to access my account without constantly getting locked out. Why isn’t this user friendly, geez, doesn’t our government need monies? I was saving well with payroll deduction and liked it much better. This has really derailed me for about a year now. It was nice if you wanted to give a bond as gift and it was nice getting bonds in mail – felt like you were actually getting something to treasure. Much easier the other way at least for me – I guess this way is easier for them…………

  5. Anonymous

    Did not receive an account number and I applied two weeks ago. What steps do I need to take now. No reply on e-mail and no mailed account informtion. Had been out of twon.
    Would apprecate an immediate reply.

  6. Anonymous

    @Cara: Well with I-bonds they are part fixed and part tied to inflation. Current I-bond rate is 3.36% and is adjusted twice a year. To buy online convenience and plus you have $5k from a bank and $5k online limit yearly. As far as safety of the US Govt, no comment on that.

    Hope this helps..

  7. Anonymous

    Hi; i just stumbled upon and starting reading these comments. As a total moron in financials, why are you lovely people investing in these bonds? Is their return better that a cd or other vehicles? Or is it the safety of treasury? And why buy online? why not go to bank to buy them? Better return?
    I don’t get it!
    Thx, Cara

  8. Anonymous

    The web acct is the biggest PITA ever!! Does one seriously need to login in with the acct#, password that has to have a special character, use of a virtual keyboard,a physical key-card and 3 security questions out of 12!?!?! I have already had to reset my acct. that required calling in, leaving detailed voice msgs to prompts and then waiting for a return call from a rep.

    I am really discouraged from using the acct to make purchases!

  9. Anonymous someone who has done this, please please please do not forget all of your log in information.

    It’s such a pain! Access card, customer number, log in, password….there are just a ton of stuff to enter (by far the most secure (zealous?) website I’ve ever seen). Resetting is also a pain if you forget.

    This is why I hardly ever log in. Yikes!

  10. Anonymous

    The access card is a pain in the arse! I like the added security, but I’m not sure if it’s necessary.

    However, for those that are in need of linking these accounts to an aggregator (think Mint), it CAN be done. You will need your access card and all of the other login credentials, but if you put the information into an aggregator (I know Cash Edge and their retailers like Geezeo have it), you can keep tabs on it without having to keep dealing with the added security steps. Just a little something to make monitoring these accounts easier.

  11. Anonymous

    Funny to see you investing in I-Bonds. I just cashed out on all of mine b/c I plan to convert from a traditional to a Roth IRA,and plan to use that money to pay whatever taxes are due. Once things settle down with the tax payments, I’ll probably be back investing again, only this time I’ll go paperless.

  12. Anonymous

    I’ve had a treasury direct account for about 5 years now. The access card was started (I think) shortly after I opened my account. I think in theory, it’s nice that they’ve made the extra layers of security, but in practicality, it’s kind of a PITA. I don’t carry the access card, so I can then only log on at home. Plus, the back button problem can be really frustrating, having to log back in multiple times. Plus, maybe it’s just me, but I don’t log on that frequently, so every few times, I’ll forget my password or make a typo, and it shuts you out of the system, and you have to call to reset everything. It’s happened to me twice!

    Once you’ve got the account set up, though, it’s pretty easy to buy the I-bonds. You can also title them differently, so I’ve bought them for me, and for me, with kids as the secondary, too.

    They don’t mail any statements, either, so at year end and tax time, you have to print all your own information.

    Good luck! my2fish

  13. Anonymous

    At least in my case, I had to visit a local bank (JP Morgan Chase in my case) to validate me.

    Their security is a little bit a pain:
    – the access card, I wish they had RSA based keys, but I suppose this is cheaper to offer
    – the random keypad to enter your password. You must use a mouse to enter your password (to prevent keyloggers to monitor what you type)
    – be careful of double clicking twice on any link as it will error out
    – don’t use the back button in your web browser

    As someone who deals with security I think overall these things are good but be warned.

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