Treasury Entity Trust
I’m setting up Entity Trust accounts at TreasuryDirect. My wife and I both have revocable trusts. When setting up the accounts it asks for Entity Bank Information. Can that be our existing regular joint checking account, not for the trust, with my SSN or must I set up separate checking accounts for each trust?
Terry Says
You absolutely MUST set up separate accounts at your bank for each trust, using the appropriate SS number. That’s the account from which TD will both withdraw money for purchases, and send money when Treasuries are redeemed. And interest on purchases will drop into each account.
