I am trying to buy a US Savings Bond for a family member as a gift.
Unfortunately long gone are the days when you could go to a bank and buy a bond and have it mailed to the recipient. Now you have to do it online and the Treasury Direct website is about as user unfriendly as any I’ve encountered.
I purchased the bond earlier this month, setting up a registration for the minor recipient and a parent. You can’t actually just give the bond at that point – you have to wait for Treasury Direct to do whatever. In the meantime, the parent set up a Treasury Direct account.
So today I go to deliver the bond which was purchased as a gift to the recipient’s account. But the bond is under my registration, and I can’t change it. The only registration listed is mine, and when I click on Add Registration, it accepts all the information – but when I try to change to the registration I just added, it doesn’t appear in the drop-down box.
So what the hell do I do now??