Purchasing
Bonds require the purchaser to have a Treasury Direct account, which requires a social security number, a driver's license, a checking or savings account, and an email address. The purchaser can select the owner of the security, and the amount of the Savings Bond ($50, $100, $500, etc.) After submitting an order, a message confirms the money will be taken out of the account within one day. A record of the Savings Bond purchase is placed in the purchasers account, as paper bonds are not issued.
Read more about this topic: Savings Bonds
Famous quotes containing the word purchasing:
“Fashion is the most intense expression of the phenomenon of neomania, which has grown ever since the birth of capitalism. Neomania assumes that purchasing the new is the same as acquiring value.... If the purchase of a new garment coincides with the wearing out of an old one, then obviously there is no fashion. If a garment is worn beyond the moment of its natural replacement, there is pauperization. Fashion flourishes on surplus, when someone buys more than he or she needs.”
—Stephen Bayley (b. 1951)
“At present cats have more purchasing power and influence than the poor of this planet. Accidents of geography and colonial history should no longer determine who gets the fish.”
—Derek Wall (b. 1965)