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Become a Savings Bond Paying Agent

Thank you for your interest in becoming a paying agent for U.S. Savings Bonds. We are ready to work with you to make this a smooth and easy process. Following are the steps to take to become a paying agent. If you need advice or assistance at any step of the process, consult the Minneapolis Treasury Retail Securities site.

Step 1 - Review Service Options

The following links will help you learn more about the U.S. Savings Bonds Program:

Learn more about how to become a paying agent in the New Agent Welcome Book (PDF). Refer to pages 14-22 for the Agent Qualification Checklist and the forms you need to complete in order to qualify your institution or view the checklist and forms individually in Step 3 below
Review Savings Bonds for Financial Institutions service information
Read the Savings Bonds Brochure (PDF)

Step 2 - Review Rules and Regulations

Treasury regulations governing the U.S. Savings Bonds Program are in the Code of Federal Regulations. Treasury Department Circulars contain information about the statutes and regulations governing U.S. Savings Bonds.

Department Circular 750 (PDF) provides regulations governing the payment of U.S. Savings Bonds and Notes.
Department Circular 1-98 (PDF) provides regulations governing the offering of Series I U.S. Savings Bonds.
Department Circular 2-98 (PDF) provides regulations governing Series I U.S. Savings Bonds.
Department Circular 1-80 (PDF) provides regulations governing the offering of Series EE U.S. Savings Bonds.
Department Circular 3-80 (PDF) provides regulations governing Series EE U.S. Savings Bonds.

Step 3 - Complete Forms/Agreements

Qualification Checklist (PDF)
Agent Profile Form (PDF)
PD F 3880 - Paying Agent Application (PDF)
PD F 3920 - Application Agreement - Circular 888 (PDF)

Return the completed forms to the Minneapolis Treasury Retail Securities Site.

Step 4 - Make Plans for Redeeming Bonds

Once you have been qualified as a paying agent, you will need to make plans for submitting your redeemed bonds.

EZ Clear

The EZ Clear Program is used to process redeemed U.S Savings Bonds and Notes through the Federal Reserve's check collection system.

To learn more about the EZ Clear Program for redeeming bonds, visit the EZ Clear website (Off-site Link).

Tools for Redeeming Bonds

Circular 888 Stamp

The Circular 888 stamp helps you provide fast service to customers who redeem large quantities of savings bonds. Instead of the customer signing each savings bond, your institution stamps the back of each bond with the Circular 888 stamp.

To order a Circular 888 Stamp, contact the Minneapolis Treasury Retail Securities site.

Savings Bonds Pro^®

Savings Bond Pro can help you electronically process U.S. Savings Bonds for your customers. To learn more or order this free software, visit the Savings Bond Pro website at www.bondpro.gov (Off-site Link).

Step 5 - Congratulations! Begin redeeming bonds.

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