How to Cash a Bond

By Amy Kniss, eHow Money editor

  • Overview

    In these tough times many people are looking for additional sources of income. Cashing in a bond can provide an added bump in your bank account, but you'll want to be aware of the drawbacks of cashing in a bond early.
    • Step 1

      Determine how long you've held your bond. EE Bonds are redeemable after 12 months, although if you cash them in before they've matured for five years, you will be docked three months' worth of interest.
    • Step 2

      Find your purchase certificate. You'll need this when you go to redeem your bond. You must be the owner or co-owner of the bond in order to redeem it.


    • Step 3

      Go to your bank (most financial institutions will cash a bond). Make sure you bring your bond, your purchase certificate and your ID with you when you go to redeem your bond.
    • Step 4

      Present the bond to the clerk, who will then run the bond number in the database to determine the owner. Once your name comes up as the bond holder, the clerk will check your ID, collect your bond and issue you its redemption value. Occasionally this process may be delayed, which usually occurs if the bond needs to be sent to the Federal Reserve. If this happens you may be asked to come back once the Fed processes your bond or you may elect to have a check mailed directly to your home.
    • Skill: Moderately Easy
    • Ingredients:
    • ID
    • Certificate of purchase
    • Tip: Parents may cash bonds for minor children, but need to present the child's birth certificate as well as their own ID in order to redeem the bond.
    • Tip: If a bond is left to you after someone dies you'll need a copy of the person's death certificate as well as documentation that you are indeed the beneficiary of the bond.
    • Warning:
    • Bonds are nontransferable, except through death, so you can't cash a bond that someone signs over to you.

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