Swift note collateral11/20/2023 ![]() Then contact your payroll office to complete the necessary authorization for payroll allotments. You must first establish a Payroll Savings Plan through ManageDirect. Each time your Payroll C of I balance reaches the designated Purchase Amount, a savings bond will be issued. Incoming credits from your payroll office result in the purchase of a Payroll Zero-Percent Certificate of Indebtedness (Payroll C of I) within your primary individual account. Individual account owners may now establish a Payroll Savings Plan in TreasuryDirect. A debit to your selected bank account is initiated for the requested purchase date. You may purchase any of the TreasuryDirect product line by designating a specific bank account as the Source of Funds. You may wish to print this page to provide details to your employer for payroll deduction or your financial institution for electronic deposits. This page displays your available funding options for making security purchases within your account. User Guide 153 Page Title: ManageDirect ® > Funding Options What you can do on this page ![]() Five business days following receipt of the debit purchase, your funds are once again eligible for redemption.Īll C of I purchase and redemption activity is conveniently recorded in your C of I History. This is necessary in the event your C of I purchase request is returned to us by your financial institution. However, if you purchase a C of I by debiting your financial institution, the total balance of your C of I will be ineligible for redemption for five business days. Unexpected changes in your plans? Choose the option to redeem your C of I, and the amount you enter is redeemed from your C of I and deposited into your designated bank account. You're then able to use the deposited funds to purchase additional securities in your account or redeem all or part of them to your bank. Need one less worry about your security payments? If payments to your bank are returned to us for any reason, the returned funds will be automatically deposited in your C of I. Note: If your C of I balance is insufficient, scheduled transactions for which funds are not available will be canceled. ![]()
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