TreasuryDirect now allows entity registrations
Tuesday, June 23rd, 2009
Categorized as: Treasury Direct
Entities such as trusts, estates, and businesses can now open accounts to hold Savings Bonds or other Treasury securities in TreasuryDirect. Prior to this change, only individuals with Social Security Numbers were allowed to have TreasuryDirect accounts.
The new options allow registrations in the name of a corporation, LLC (limited liability company), PLLC (professional limited liability company), partnership, sole proprietorship, estate of a decedent, estate of living person (such as an incompetent or minor), or trust.
Registrations are not available for unincorporated associations, governmental organizations, or tribal organizations.
Each account is allowed to have one entity account manager who has the password and can manage the account holdings.
A new entity account can be opened online at TreasuryDirect. You will need the entity's name, employer tax ID, IRS name control, bank information (name of bank, routing numbers, name on the account), entity account manager information (name, social security number, birth date, email address), and will be allowed to select a password, password reminder, and set three security questions.
For more information, see: