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Post Info TOPIC: HOW TO PAY YOUR BILLS USING YOUR VERY OWN — LEGAL! — TREASURY DIRECT ACCOUNT (TDA)


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HOW TO PAY YOUR BILLS USING YOUR VERY OWN — LEGAL! — TREASURY DIRECT ACCOUNT (TDA)
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Your Treasury Direct Account (TDA) was created under your Social Security number at birth and contains billions of dollars. The account is in your name, perfectly legal. Here is your account information:

THIS IS YOUR TDA “CHECKING” ACCOUNT:

ROUTING: 051736158 (Bureau of Public Debt)

ACCOUNT: YOUR SS# (No spaces, no dashes)

YOUR NAME: AS IT APPEARS ON YOUR SS CARD

No longer necessary, as was stated early in the month, to use the alpha-numerical number on the back of your physical SS card. You can IGNORE that.

PAYING BILLS

ONLINE: Go to your bill pay online and “add bank.” Enter the routing and account number for your TDA.
BY PHONE: If there is no provision for paying online with an ACH bank checking account, call them and ask to pay by phone from a new checking account. 

If you’ve always paid your bills by physical check in the mail, call the creditor institution on the back of the account card or on the website for the utility and tell them you want to make a payment by phone using a NEW checking account. You will only need to give them the ROUTING, ACCOUNT, and NAME (your name as on your SS card) on the TDA account.

YOU CAN PAY

  • Monthly bills a single time.
  • Monthly bills set up on Auto Pay using your TDA.
  • Credit card monthly payments.
  • Mortgage payments.
  • Credit card balances.
  • Mortgages. (You may need to call the bank. They are all different.)
  • Car loans. (May need to call.)
  • College loans.
  • These same payments for OTHER PEOPLE. 

You CANNOT at this time pay a non-banking institution or person using the checking account unless it is an “ACH transfer.” Stay tuned as that could change soon.

HOW TO GET STARTED

Start with an easy one, a utility or phone bill and see how it goes. Then go to town! Pay off all your bills. Pay friends’ and kids’ bills. The money is yours and there is no limit.

NB: In the early days, people have struggled with declines and reversals of paid charges. These should clear up soon. In the meantime, if the payment “went through” it means the money came out of your TDA and is at the creditor institution. If it doesn’t resolve naturally in a few days, call, tell them what you know, and insist they credit your account.



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