What do I need to do to set up a payroll direct deposit for TreasuryDirect?
1. You open a TreasuryDirect account at www.treasurydirect.gov and wait for your access card to arrive in the mail. 2. You submit a request to your employer for a payroll direct deposit (an instruction sheet is available in your TreasuryDirect account under ManageDirect – View My Funding Options). 3. Your employer makes a direct deposit for the requested amount from each pay to your TreasuryDirect account, just like a direct deposit for a mortgage or car payment. The funds go into a Certificate of Indebtedness (C of I). The C of I is a non-interest-bearing security that serves as a holding place for your money until you’re ready to purchase a security. You’ll use the C of I to pay for the securities you purchase. 4. You can buy savings bonds or marketable securities (Treasury bills, notes, bonds, and TIPS) once you accumulate enough money in your C of I. For savings bonds, you’ll need at least $25 to make a purchase, and for marketable securities, at least $100. Once you make a purchas
