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What are the advantages to trading my paper bonds for electronic securities in TreasuryDirect?

April 26, 2017advantages bonds electronic paper securities trading TreasuryDirect

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What are the advantages to trading my paper bonds for electronic securities in TreasuryDirect?

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Electronic securities give owners a greater degree of flexibility and convenience than paper. For example: • Full or partial redemption of electronic bonds can be scheduled at any time – 24/7 – and the funds deposited to a savings or checking account specified by the owner. The funds should be available the next business day. There is no need to go to a financial institution, nor are there restrictions on the number of bonds or the value that can be redeemed at any one time once minimum requirements are met. • Online holdings and their current values can be viewed at any time. There is no paper to be accidentally lost or destroyed. • Account owners can change the registration of their bonds or transfer the securities to another account at any time (some ownership restrictions apply; transfers may result in a taxable event).