Talk of The Villages Florida - View Single Post - Redeeming a U.S. Treasury Note - How?
View Single Post
 
Old 10-25-2024, 07:24 AM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,401
Thanks: 3,042
Thanked 16,584 Times in 6,547 Posts
Default

Quote:
Originally Posted by mrf6969 View Post
You do it right on the Treasury Website. You transfer it right into your bank using your banks routing number and account number. It works like any bank-to-bank transfer.
But, doesn't that just transfer the note to the bank? You can also transfer the note to Fidelity or any other brokerage company in the same manner. However, if the note has not matured, it needs to be sold to a third party before you can get any actual cash. I think a brokerage company is less expensive and more efficient than a bank when selling a non-matured Treasury note, which is what the OP wants to do.