How to Cash a U.S. Savings Bond
A U.S. savings bond is a document registered with a bank representing an amount of money you invested to mature at a certain future date. When a U.S. savings bond matures, it is the full listed value on the bond note. You can cash the U.S. savings bond at any point. However, if you cash the bond earlier than the date of its maturity, it won't have as much value.
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Instructions
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Go to a bank. If you go to a bank at which you have an account, cashing a U.S. savings bond in your name is quite simple.
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Show the bank representative your state-issued identification card or a military identification card, and tell the representative that you want to cash a U.S. savings bond in your name. Most banks instantly look up your savings bond information and provide you with the cash on the spot. Other banks may ask for additional information to prove that you are who you say you are and that you are entitled to the money. If you use a bank at which you have an account, you may usually cash in as many U.S. savings bonds as you would like that very day.
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Cash a U.S. savings bond at a bank at which you don't have an account by showing a bank representative your state-issued identification card. Again, additional identification may be required, depending on the bank. When you are at a bank at which you are not a customer, you may only cash up to $1,000 in U.S. savings bonds at a time. You may have to wait until the next day to cash more savings bonds in this case.
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Prove that you have a right to cash a U.S. savings bond if you are trying to cash a U.S. savings bond that is not in your name. You must show power-of-attorney papers or a death certificate of the deceased along with information identifying yourself in order to cash such a savings bond.
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Certify that you are the parent if a savings bond is made out to your child and if you want to cash a savings bond addressed to him. You must write a note on the back of the U.S. savings bond addressed to your child, certifying that you are a parent and legal guardian of the child and that he lives with you. You must also state that the child is too young to understand the request to cash in the bond.
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