Canadians purchasing US Bonds
#1
Original Poster
Join Date: Sep 2003
Location: YYZ
Posts: 286
Canadians purchasing US Bonds
I was wondering if any Canadians here tried to aquire US bonds for miles. I'm a Canadian working in the US and I'm looking to get some bonds but I can't seem to find a clear cut answer. My work does not provide a payroll purchase plan by the way. I do have a US bank account, credit cards, SSN, driver license, the works with a valid work Visa.
If that doesn't work, I was thinking about putting 25k in Ameritrade and getting the 20k starwood points. But buying the bonds seem like a better deal since I get 1:1 points to what I spend and I'll get to earn a good interest rate. Thanks!
If that doesn't work, I was thinking about putting 25k in Ameritrade and getting the 20k starwood points. But buying the bonds seem like a better deal since I get 1:1 points to what I spend and I'll get to earn a good interest rate. Thanks!
#4
Join Date: Jun 2002
Location: Hermosa Beach, CA
Posts: 29
Hi!
I am a citizen of Spain and I have bought US bonds twice, for the miles. I have a US SSN, that seems to be the key, I think you would be fine. I am still holding them, but I don't expect problems redeeming them.
I am a citizen of Spain and I have bought US bonds twice, for the miles. I have a US SSN, that seems to be the key, I think you would be fine. I am still holding them, but I don't expect problems redeeming them.
#5
Original Member




Join Date: May 1998
Posts: 2,513
On the Finance page of my web site below, in the Savings Bond section, there is a link to a page that tells you who can own the bonds. I think Canadian citizens may not own them, but check the linked page to be sure.
But even if Canadians can't own them, I don't see how this could be enforced, so long as you provide a U.S. Social Security number and a U.S. address to which they can send the bonds. But think about how you will go about redeeming the bonds. If you plan to do this at a bank, you must have a U.S. bank account, probably with a U.S. address attached to it, at a bank that will accept they types of bonds you will be buying. (Caution: Many banks that accept EE Bonds do not accept I bonds.) If you intend to mail them in to the treasury, you should have a U.S. address to which they can send you the money.
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But even if Canadians can't own them, I don't see how this could be enforced, so long as you provide a U.S. Social Security number and a U.S. address to which they can send the bonds. But think about how you will go about redeeming the bonds. If you plan to do this at a bank, you must have a U.S. bank account, probably with a U.S. address attached to it, at a bank that will accept they types of bonds you will be buying. (Caution: Many banks that accept EE Bonds do not accept I bonds.) If you intend to mail them in to the treasury, you should have a U.S. address to which they can send you the money.
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#6
Suspended
Join Date: Jul 2002
Location: Just who do you think you're kidding?
Programs: I do this for a living.
Posts: 7,486
Especially if you have a U.S. address to which the bonds can be sent, all you'll need to buy Savings Bonds is a social security number. The government won't check if you're a citizen or not.
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-Otto
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-Otto
#8


Join Date: Oct 2002
Location: SF Eastbay
Programs: AA Plt-Lite 2MM,HH Gld, MR Plat
Posts: 616
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MikeMargolis:
How does one earn AAmiles by buying Savings Bonds?</font>
How does one earn AAmiles by buying Savings Bonds?</font>
#9
Original Member




Join Date: May 1998
Posts: 2,513
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MikeMargolis:
How does one earn AAmiles by buying Savings Bonds?</font>
How does one earn AAmiles by buying Savings Bonds?</font>
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