If you find a savings bond is there any way I would be able to cash it?

Answer 1

Savings Bonds are easier to cash if they're made out to you, in your name.

Most full-service banks and credit unions will cash your Series EE and Series I savings bonds. They can't cash Series HH bonds, but can forward them to a Federal Reserve bank that will cash them for you. You can have the funds deposited directly into your checking or savings account.

Series I bonds and EE bonds purchased after February 1, 2003 must be held for one year, as opposed to six months for bonds issued earlier, before cashing them in.

If the bonds are in your name, you're automatically entitled to cash them at most financial institutions; all you have to do is show proper identification. If you've been an active customer for at least six months, it's a slam dunk; your account is your identification and the bank should cash as many as you want with no questions asked.


If you're not a bank customer, you'll have to show your driver's license or some other form of identification, and they'll only let you cash $1,000 worth of bonds at a time. The bank should accept a driver's license as identification, but just to be on the safe side call ahead and ask.

Answer 2

No honest way.
Federal law requires any found savings bond to be turned over to local police. The keep it for 1 year and if it is unclaimed, then you can claim it.
If you are caught cashing it, it is a 5 year sentence and $5,000 fine or both. It is considered both bank fraud and identity theft to pass yourself off as the owner to cash it. The number on the savings bond, when cashed in, comes back with the person who bought it and when.

Answer 3

If I find a savings bond.."I"M" going to cash it. hehe

Answer 4

Most bonds don't have Id info....

So Its possible.....................