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TreasuryDirect and trouble getting bonds redeemed back into bank account?

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Anonymous
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TreasuryDirect and trouble getting bonds redeemed back into bank account?

I was reading some reviews about TreasuryDirect, and at least a few people claimed that while it's easy to buy bonds through it and the Treasury will just suck the money out of your account, when they went to redeem the bonds, the Treasury wouldn't give the money back.

 

Like the transaction never goes through or the Treasury claims that their bank needs some sort of identification process with them that the bank doesn't support.

 

Has anyone here ever had trouble getting their redeemed bonds back into their bank account with TreasuryDirect?

 

It seems odd.

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chiefone4u
Established Contributor

Re: TreasuryDirect and trouble getting bonds redeemed back into bank account?


@Anonymous wrote:

I was reading some reviews about TreasuryDirect, and at least a few people claimed that while it's easy to buy bonds through it and the Treasury will just suck the money out of your account, when they went to redeem the bonds, the Treasury wouldn't give the money back.

 

Like the transaction never goes through or the Treasury claims that their bank needs some sort of identification process with them that the bank doesn't support.

 

Has anyone here ever had trouble getting their redeemed bonds back into their bank account with TreasuryDirect?

 

It seems odd.


My only experience redeeming bond's was automatically put into the same account the original bond's were purchased using... I didn't even realize they were mature yet.

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Message 2 of 3
Anonymous
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Re: TreasuryDirect and trouble getting bonds redeemed back into bank account?

I'm thinking about testing that with my husband by buying a 4 week treasury bill and then redeeming it and making sure that goes through before I start buying more and with a longer term.

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