More than 55 million people own savings bonds. It has been a popular tool for investors. The reason for the popularity, there is a government behind which provides a guaranteed return. According to the Treasury Department, most people possess billions of dollars in savings bonds that haven’t even cashed in. How to Check if Savings Bond Has Been Cashed?
By sources, there are approx $ 16 billion savings bonds that are unclaimed. If you have at least one savings bond and want to check if the savings bond has been cashed or not. This article is for; How to check if savings bond has been cashed?
Visit Treasury Direct
You can check your savings bonds either on the web, postal, or telephone service. You can check this online. Login to treasurydirect.gov, and check out if your bond has been cashed. However, if you don’t have an account then follow these steps:
- Click on the ”Open an Account” option from the same website. This option would be present on the right side.
- In the aftermath following the prompts as shown there.
- Although click on the link ”Check Treasury Hunts”, after logging in.
- Scroll down to the next page, click on the ”Start Search” button.
Enter the Requested Information
You need to provide the Social Security Number (SSN) or the Employer Identification Number (EIN) which is on the bond. Then press the “Search” button. Moreover, you will be taken to the bond details. Otherwise, if that number does not match you will get a message of no found.
You can check if a bond has been cashed or not if you have EIN or SSN. The detailed information can only be known by an owner.
Send an E-mail
The Treasury Department provides you with the section “Write us”. In case you didn’t find your match, this section provides you with written help. If you are sure of having matured savings bond and unable to find it, then this feature is quite a helping. If you are receiving bonds because of death, you will need to provide a death certificate too.
Call Treasury Direct
Another option is to dial a customer service number and complain them a dispute. Then you will need to provide then a serial number of the savings bond. By this route, at the same time, you can also know if your bond has been cashed, lost, or destroyed. However, you can replace the bond or get its cash.
Adding, calling may take a long time sometimes. However, sending an e-mail is the least time-consuming option.
Gather Supportive Information
- While finding your savings bond you will need to provide as much information as possible.
- You can process redeeming with your bond in the aftermath of finding a savings bond.
- Sending a written request of your savings bond is the most effective and quick resulting thing.
- In case your bond has been destroyed, file Form 1048. You can claim for lost, stolen, or destroyed savings bonds here.
The Facts You Have to Know
- Savings bonds have the popular acceptance for the surety of it. You don’t have to worry about the repaid and other things of money.
- The treasury bonds and the savings bonds are interchangeable.
- Savings bonds have a low-interest rate.
- You can save money for up to 20 years. If you are not looking for 20 years of savings, then you can have a series bond.
- If you desire to save money for short period, then saving bonds is not a worthy option for you.
- Series bonds can fluctuate more than savings bonds.
- Also, this bond invests a fixed amount of interest.
- Savings bonds do not add local taxes. This feature is one of the most benefit making things.
Summary
How to check if a savings bond has been cashed? Savings bonds are some most popular ways of investment. The people who are looking for a fixed income source usually go for it. The Treasury Direct provides internal services to redeem your savings bond. There are some effective ways of finding if your bond has been cashed or not. Savings bonds have low-interest rates still they are considered beneficial.
