Comments on: How to convert paper Savings Bonds to electronic bonds at TreasuryDirect http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/ Mon, 13 Oct 2008 14:47:51 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-24730 Thu, 31 Jul 2008 14:04:02 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-24730 Hi Irish - Have you ever worked in a large organization? You know how sometimes the boss wants things to work one way and the employees refuse to do it that way? That's what's going on here. There's a client services group at TreasuryDirect that keeps refusing conversions like this, even though the folks higher up say they should do them. Tom Adams Hi Irish - Have you ever worked in a large organization? You know how sometimes the boss wants things to work one way and the employees refuse to do it that way? That's what's going on here. There's a client services group at TreasuryDirect that keeps refusing conversions like this, even though the folks higher up say they should do them.

Tom Adams

]]> by: Irish http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-24689 Wed, 30 Jul 2008 18:31:17 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-24689 I would note that one cannot purchase $5,000 of a given bond type (I, EE) via Treasury Direct and then convert paper bonds of the same type purchased in the same year to electronic via TD. I was just denied the conversion of $1,000 worth of paper I bonds (purchased in 2008) by TD because I had already purchased $5,000 worth of electronic I bonds via TD in 2008. Even though I had correctly completed the manifest online and mailed my paper bonds to TD per the conversion process, they were returned to me with the explanation that converting the paper bonds to electronic would put me over the annual $5,000 electronic limit. I could wait until 2009 to convert, but they would count against my 2009 electronic limit. Seems like TD has tightened up and are now counting paper conversions purchased in a given year against that year's $5,000 electronic limit. I suppose they are trying to prevent people from buying paper and then converting those to electronic and then buying more paper in order to circumvent the overall $5K + $5K = $10K limit. So, the result is I'll just have to hold the paper bonds and wait to convert them in a year I'm not hitting the $5K electronic limit. I would note that one cannot purchase $5,000 of a given bond type (I, EE) via Treasury Direct and then convert paper bonds of the same type purchased in the same year to electronic via TD. I was just denied the conversion of $1,000 worth of paper I bonds (purchased in 2008) by TD because I had already purchased $5,000 worth of electronic I bonds via TD in 2008. Even though I had correctly completed the manifest online and mailed my paper bonds to TD per the conversion process, they were returned to me with the explanation that converting the paper bonds to electronic would put me over the annual $5,000 electronic limit. I could wait until 2009 to convert, but they would count against my 2009 electronic limit. Seems like TD has tightened up and are now counting paper conversions purchased in a given year against that year's $5,000 electronic limit. I suppose they are trying to prevent people from buying paper and then converting those to electronic and then buying more paper in order to circumvent the overall $5K + $5K = $10K limit. So, the result is I'll just have to hold the paper bonds and wait to convert them in a year I'm not hitting the $5K electronic limit.

]]> by: Tom Adams http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-17574 Mon, 10 Mar 2008 13:51:33 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-17574 Hi Jim - yes, you can do that. Weird, eh? Tom Adams Hi Jim - yes, you can do that. Weird, eh?

Tom Adams

]]> by: Jim http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-17569 Mon, 10 Mar 2008 12:45:20 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-17569 I have purchased 5k of I-bonds through Treasury Direct in 2008. If I also purchase 5k of paper I-bonds this year, may I convert these to electronic form? I have purchased 5k of I-bonds through Treasury Direct in 2008. If I also purchase 5k of paper I-bonds this year, may I convert these to electronic form?

]]> by: baselle http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-889 Sun, 01 Oct 2006 01:17:43 +0000 http://www.savings-bond-advisor.com/paper-savings-bonds-to-become-electronic/#comment-889 I've done this twice - I inherited 2 savings bonds from my grandfather. Got the conversion feature in my account in a day, filled out my forms and made my manifest. All told it took about 3 weeks from mailing to seeing the bonds in my account. TD's tracking feature didn't track - that was the only fault I had with the whole thing. I've done this twice - I inherited 2 savings bonds from my grandfather. Got the conversion feature in my account in a day, filled out my forms and made my manifest. All told it took about 3 weeks from mailing to seeing the bonds in my account. TD's tracking feature didn't track - that was the only fault I had with the whole thing.

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