Savings bonds move from paper to electronic Published July 23, 2010 By Airman First Class Adawn Kelsey 82nd Training Wing Public Affairs SHEPPARD AIR FORCE BASE, Texas -- The discontinuation date for allotments made to purchase U.S. Savings Bonds through military, retiree or federal civilian employee pay has changed from Sept. 30 to Aug. 30. Savings bond allotments will stop because the Treasury Department is making a move from paper to electronic. Although the Defense Finance and Accounting Service will discontinue these allotments, savings bonds will still be available for individuals to purchase after Aug. 30 through www.treasurydirect.gov, if they create an account. Customers who create accounts will be able to establish a new allotment using the allotment process with the Treasury Direct bank routing number 051736158, which took effect July 4. Brenda Owens from the 82nd Comptroller Squadron civilian pay office, said after the allotments have been discontinued, customers will have to make changes through their account online because the civilian pay customers will not have access to make those changes after Aug. 30. "The number of allotments in the Defense Civilian Pay System will increase from seven to eight allotments," Mrs. Owens said. "However, if a person already has seven allotments setup, the eighth allotment will only be able to be used as a Treasury bond." Ms. Owens said any bonds that have only been partially paid will be refunded. "All paper bonds will stop on Aug. 29 and DFAS will refund deductions made towards the full purchase price of a savings bond for any unused balances remaining by the cut-off date," she said. She said when implemented, this process will cease the "old way" of processing bond transactions online, via myPay and the personnel process. Purchasing bonds will only be available via the allotment process on the Treasury Direct website. For more information, visit the Treasury Direct website at www.treasurydirect.gov, or call Ms. Owens at (940) 676-4866.