Defining Savings Bond Purchase Sequence

Define a sequence of owners, co-owners, and up to 12 beneficiaries for whom bonds are purchased. Bonds cannot be purchased for an employee until at least one sequence is defined for the employee.

For example, an employee wants to purchase bonds for herself, her spouse, and her two children, in that sequence. To do this, define the sequence records, one for each person beginning with the employee.

To define savings bond purchase sequence

  1. Access Savings Bond Purchase Sequence (BN48.2).
  2. Use the following guidelines to enter field values:
    Plan

    Select the bond purchase plan. This is a required field.

    Start Date

    Type the start date of the bond sequence record. This is a required field. Bonds purchased after this date use this sequence record.

    Sequence

    Type the sequence number for this owner or co-owner. This field determines the order in which Savings Bond Update (BN140) buys bonds.

    Owner

    Select the bond's owner. This is a required field.

    Co-owner

    Select the bond's co-owner.

    Beneficiaries

    Select a beneficiary for the bond.

  3. Select the Add form function.

Related Reports and Inquiries

To Use
Display the savings bonds an employee has purchased Savings Bond History (BN60.1)
List the saving bonds an employee has purchased Savings Bond Balance Report (BN240)
List the sequence in which savings bonds are purchased for owners, co-owners, and beneficiaries of savings bonds Savings Bond Sequence Listing (BN248)