WEBVTT 1 00:00:10.535 --> 00:00:12.677 Hello, and welcome to TreasuryDirect. 2 00:00:13.302 --> 00:00:16.963 Do you need to update your bank account on file or add a new account? 3 00:00:17.588 --> 00:00:21.695 This video will discuss the process to change your bank account on file. 4 00:00:22.855 --> 00:00:24.909 On the Account Info tab, 5 00:00:24.909 --> 00:00:28.480 scroll down until you see the Bank Information link. 6 00:00:29.998 --> 00:00:34.105 Click on this link to access your current bank accounts on file. 7 00:00:34.908 --> 00:00:38.926 Clicking on the Add or Edit button will bring you to this screen, 8 00:00:39.640 --> 00:00:44.283 which explains that to provide better security, you must complete FS Form 9 00:00:44.283 --> 00:00:47.676 5512 to update or add your bank account. 10 00:00:49.729 --> 00:00:54.550 This form could also be found by searching for the FS Form 5512 11 00:00:54.997 --> 00:00:58.032 on the TreasuryDirect.GOV home screen. 12 00:01:02.496 --> 00:01:06.067 In section 1 of the form, you will enter your primary TreasuryDirect 13 00:01:06.067 --> 00:01:09.907 Account Number, your TreasuryDirect Account Name 14 00:01:10.353 --> 00:01:14.817 and your Taxpayer Identification Number, usually your Social Security Number. 15 00:01:15.621 --> 00:01:18.388 Section 2 is only used if you are planning 16 00:01:18.388 --> 00:01:21.602 to redeem your securities in your TreasuryDirect account. 17 00:01:22.227 --> 00:01:26.513 If you are not planning to immediately redeem, you can leave this section blank. 18 00:01:27.584 --> 00:01:31.959 Section 3 is where you will enter in your new bank account information, 19 00:01:32.584 --> 00:01:36.869 enter the name of the bank, the nine-digit ABA routing number, 20 00:01:37.316 --> 00:01:40.619 the account number , whether the account is a checking 21 00:01:40.619 --> 00:01:44.369 or savings account and the name or names on the bank account. 22 00:01:45.262 --> 00:01:48.565 Note that only checking or savings accounts are acceptable. 23 00:01:49.279 --> 00:01:51.244 If you are using a savings account, 24 00:01:51.511 --> 00:01:54.190 it must allow ACH credit and debits. 25 00:01:55.351 --> 00:01:58.118 Use this checkbox to indicate if you would like 26 00:01:58.118 --> 00:02:00.886 to make this your primary bank account in TreasuryDirect. 27 00:02:01.243 --> 00:02:04.814 Or leave it blank if you want to leave it as a secondary account. 28 00:02:05.975 --> 00:02:07.850 Enter your Social Security number 29 00:02:07.850 --> 00:02:10.975 or Employer Identification Number for entity accounts. 30 00:02:11.868 --> 00:02:14.814 Finally, choose whether you would like to update all your TreasuryDirect 31 00:02:14.814 --> 00:02:18.385 accounts, such as conversion accounts or minor linked accounts, 32 00:02:18.921 --> 00:02:22.224 or choose to list specific accounts you would like to update. 33 00:02:23.296 --> 00:02:24.724 You can add a second bank 34 00:02:24.724 --> 00:02:26.867 account if you wish, in the section below. 35 00:02:28.652 --> 00:02:31.509 Section 4 requires you to sign the form in the presence 36 00:02:31.509 --> 00:02:35.616 of a certifying officer and fill in all the identifying information. 37 00:02:36.331 --> 00:02:40.170 The certifying officer must verify your identity, certify 38 00:02:40.170 --> 00:02:43.919 the signature and will affix a seal or stamp on the form. 39 00:02:44.634 --> 00:02:47.580 Note that Notary, Circular 888, 40 00:02:47.848 --> 00:02:50.705 and bank address stamps are not acceptable. 41 00:02:51.955 --> 00:02:54.901 Acceptable stamps include the institution's corporate seal or stamp, 42 00:02:55.347 --> 00:02:59.811 Treasury recognized medallion stamps, endorsement guaranteed stamps, 43 00:03:00.079 --> 00:03:02.133 or a signature guaranteed stamp. 44 00:03:02.758 --> 00:03:07.579 Example of these can be found on Page five of the form in the Instructions section. 45 00:03:09.097 --> 00:03:11.954 Once the form is filled out, signed and certified, 46 00:03:12.221 --> 00:03:14.721 you will mail it to the address listed on the form. 47 00:03:15.346 --> 00:03:18.114 You will receive an email informing you of the bank 48 00:03:18.114 --> 00:03:21.953 account update once the process is completed. And that's it. 49 00:03:22.132 --> 00:03:25.703 That is how you update your bank account in your TreasuryDirect Account.