posted on Feb, 25 2012 @ 04:11 PM
My grandmother buys us grandkids bonds every year for our birthdays in addition to other gifts. For years what she has done is either order by mail,
by sending a check and order form to the Federal Reserve Bank of Minneapolis or by ordering from the bank. And it worked for years. But starting at
the beginning of this year, for whatever reason, everything is done online. My grandma can no longer order bonds from the bank and when she sent the
form, it was returned to sender because of "no such address".
So we had to open an account on treasurydirect.gov, which took close to an hour and then search around on the nightmare of a site to try and figure
out how to order gift bonds (I'm trying not to be cynical, but even as a tech oriented person, I found the site confusing and with an unnecessary
amount of security "features"). Then, we found out that we don't get a paper receipt or anything for our order, it's all online. So we decided not to
order because of this lack of paper trail.
Why is this change being made? And is there any way of buying bonds the old way or at least getting some sort of paper receipt?
25-2-2012 by mossme89 because: (no reason given)