§363.141. How do I purchase a zero-percent certificate of indebtedness?
31 C.F.R. § 363.141
Primary and linked accounts. You may purchase a zero-percent certificate of indebtedness through one or more of the following four methods:
Payroll deduction, in which your employer sends funds through the ACH method to your TreasuryDirect® account;
Deposit by your financial institution, in which your financial institution sends funds by the ACH method to your TreasuryDirect® account on a recurring or one-time basis;
Through the Buy Direct function of your TreasuryDirect® account, in which you direct us to debit funds from your financial institution account to purchase a zero-percent certificate of indebtedness. This method is limited to an amount no greater than $1000 per transaction. When you use the Buy Direct function to debit funds to purchase all or a portion of a zero-percent certificate of indebtedness, you will not be permitted to schedule a redemption to your financial institution from the zero-percent certificate of indebtedness within five business days after the settlement date of the debit entry; and
By using the proceeds from the redemption of a savings bond, the proceeds of a maturing security, or an interest payment from a security to purchase a zero-percent certificate of indebtedness.
Payroll savings plan. You may purchase a payroll zero-percent certificate of indebtedness for your payroll savings plan through payroll deduction, in which your employer sends funds through the ACH method to your TreasuryDirect® payroll savings plan, or through a credit using the ACH method by your financial institution, in which your financial institution sends funds by the ACH method to your TreasuryDirect® payroll savings plan.
Notes, amendments, and revision history
Amendments
[75 FR 70816, Nov. 19, 2010]
Source
Source: 69 FR 50309, Aug. 16, 2004, unless otherwise noted.
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq.
Source
Source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.
Amendments
[75 FR 70816, Nov. 19, 2010]