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Can you cash a savings bond at Walmart?

Author

Olivia House

Updated on February 26, 2026

Can you cash a savings bond at Walmart?

Walmart does not redeem savings bonds — including Series E, EE, I, and HH savings bonds, according to Walmart's corporate customer service department. And, you can cash paper savings bonds at most local banks or through the mail.

People also ask, can you cash in a savings bond at any bank?

The traditional place to cash a U.S. savings bond is at your bank. Almost every bank will cash Series EE and Series I bonds as a service to customers and the U.S. Treasury. To cash a bond at a bank where you do not have an account is possible within certain limitations.

One may also ask, can I cash a savings bond that is not in my name? A savings bond isn't transferable, so signing it doesn't allow someone else to cash it. As protection against fraud, financial institutions require more than a signature to cash savings bonds. If you're unable to cash a bond yourself, a registered co-owner can do it, or you can give someone power of attorney.

In this manner, where can you cash a savings bond?

Most financial institutions will redeem your savings bonds. But because your savings bank does not, it should be able to point you to a bank that will handle the redemption. You also could convert your paper bonds to electronic form through TreasuryDirect.gov and then redeem them into your bank account.

What do you need to cash a savings bond?

Series EE/E: If you've got a paper savings bond from Series E or EE, bring it to your local financial institution — the Treasury says that is the quickest and easiest way to cash them. Be sure to bring proper identification, such as a passport or driver's license, when you go to redeem paper bonds.

What documents do I need to cash a savings bond?

Visit your bank to cash the bond. If you don't have your own bank, visit any bank with your passport, photo employee ID card, state-issued ID card or driver's license to prove your identity. The federal government limits cash values of savings bonds to $1,000 or less in this situation.

Do banks charge a fee to cash savings bonds?

Savings bonds are investments of the United States Treasury. Federal law prohibits banks from charging fees to customers for cashing in savings bonds, although customers may have to pay penalties if they cash the bond in too early.

Is there a fee to cash savings bonds?

Savings bonds are investments of the United States Treasury. Federal law prohibits banks from charging fees to customers for cashing in savings bonds, although customers may have to pay penalties if they cash the bond in too early.

How do I cash a savings bond in someone else's name?

Now, if you simply want to cash in a bond you intended to give someone else as a gift, contact your local Federal Reserve Bank or branch and ask for the form titled “Request for Refund of Purchase.” Complete it and follow the other instructions and you will be entitled to receive a refund of the amount you paid for the

Should I cash in my savings bonds?

Savings bonds continue to grow in value until they reach maturity at 30 years. If your savings bond hasn't reached its maturity date, you might want to avoid cashing it in unless you plan to invest the money in an account that earns higher interest.

What identification do you need to cash a savings bond?

A driver's license is most common. If you're using documentation like a driver's license to establish your identity, you'll be limited to cashing $1,000 worth of savings bonds. You'll then need to sign a request for payment form in front of a bank official, then confirm your social security number and current address.

Where can I cash my savings bonds i Series?

If you own paper I bonds, you can cash them at some local financial institutions or by mailing the bonds to Treasury Retail Securities Services, PO Box 214, Minneapolis, MN 55480-0214. Redeeming (Cashing) Series I Savings Bonds.

Do credit unions cash savings bonds?

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.

Can a bank refuse to cash a savings bond?

There are circumstances under which a bank can refuse to issue payment for a bond, or in fact may be legally unable to do so. In these cases, the bearer may have to visit a Federal Reserve Bank Savings Bond Processing Site to redeem the bond.

Do you pay taxes on savings bonds when cashed?

Owners can wait to pay the taxes when they cash in the bond, when the bond matures or when they relinquish the bond to another owner. Alternatively, they may pay the taxes yearly as interest accrues. 1? Most owners choose to defer the taxes until they redeem the bond.

What do I need to cash a savings bond?

Series EE/E: If you've got a paper savings bond from Series E or EE, bring it to your local financial institution — the Treasury says that is the quickest and easiest way to cash them. Be sure to bring proper identification, such as a passport or driver's license, when you go to redeem paper bonds.

Do banks still cash savings bonds?

Most financial institutions will redeem your savings bonds. But because your savings bank does not, it should be able to point you to a bank that will handle the redemption. You also could convert your paper bonds to electronic form through TreasuryDirect.gov and then redeem them into your bank account.

How much is a $50 savings bond worth after 20 years?

For example, a series EE bond that has a face value of $50 can be bought for $25. A series EE bond will reach full face value after 20 years and will stop earning interest after 30 years.

When should I cash in EE Savings Bonds?

You have to wait at least 12 months from the date of purchase to cash in a savings bond (there's one exception, which is if you're affected by a natural disaster). And if you cash it in at any time from one to five years, there's a penalty: You'll lose the three prior months' worth of interest.

How do I cash in my children's savings bonds?

You can cash in the Bond at maturity with no penalty. You can also choose two or more of these options if you prefer. If you're registered you can do this online or we'll pay the money directly into your nominated bank account after your Bond matures.

Is there a penalty for not cashing in matured savings bonds?

There is no IRS penalty for not cashing in mature savings bonds, but you still owe the taxes on the interest. Of course, if they do make the effort, you'll owe interest and penalties on the taxes you owed but never paid on your unreported income.

How can I tell how much my savings bond is worth?

To find what your bond is worth today:
  1. Click the 'Get Started' Link on the Savings Bond Calculator home page.
  2. Once open, choose the series and denomination of your bond from the series and denomination drop down boxes.
  3. Enter the issue date that is printed on the bond.
  4. Click the 'Calculate' button.

What happens to savings bonds when the owner dies?

If a savings bond names only one person as the owner, then the bond becomes part of the estate when the owner dies. If the will doesn't specifically leave the bond to someone, it passes through the residuary clause of the will, or under state law if there is no valid will. Include a copy of the death certificate.

How do you cash a savings bond in two names?

Reissuing a Bond
To do this, fill out FS Form 4000, available online from TreasuryDirect. You can also use this form if you are the surviving co-owner and want the decedent owner's name removed from the bond. You can request to have the bond reissued in your name alone or with another co-owner or beneficiary.

How do you cash in a savings bond after death?

How to Cash in a Savings Bond for a Deceased Relative
  1. Check the Value of the Bonds. Visit TreasuryDirect and use their savings bond calculator to determine the bond's current worth.
  2. Look for a Named Survivor. Review the bond and search for a named survivor.
  3. Notify the Court if No Survivor.
  4. Fill Out FS Form 5336.
  5. Meet With a Tax Adviser.

Can the purchaser of a savings bond cash it?

Savings bonds are great investment tools, but cashing them in can be a little difficult. They aren't marketable -- that is, the original purchaser of a U.S. savings bond can't ever sell it to someone else, and no one except the original purchaser can ever cash in the bond (with a few exceptions).

Can I cash a savings bond if I am the pod?

As long as you're alive, he can't cash in the bond and he has no rights to any interest or principal payments. Plus, you're allowed to change the POD beneficiary any time you want, so if you decide you'd rather that someone else be the beneficiary, you still retain the right to change it.

How do I Cash Series EE bonds?

Bondholders have two options for cashing in paper Series E bonds. You can visit certain local financial institutions that are authorized to handle savings bond transactions. Alternatively, you can mail them to the Treasury Retail Securities Site. Contact information is available at the TreasuryDirect website.

How do I change the owner of my savings bonds?

If you own a bond solely in your name and want to add a co-owner or beneficiary or change the beneficiary to a co-owner, you must have the bond reissued. To do this, fill out FS Form 4000, available online from TreasuryDirect.

Who can cash a minor's savings bond?

For a minor savings bond owner who is too young to sign her own name on the bond, a parent may be able to cash the bond. Only a parent the child lives with or has legal custody can redeem the minor's bond. A bank can decline to cash a minor's bond even if a parent provides proper documentation.

How do you cash in savings bonds online?

To redeem your bonds electronically, go to the United States Treasury online marketplace, TreasuryDirect.gov. TreasuryDirect.gov gives individuals the ability to redeem their electronic savings bonds online and transfer the proceeds to a bank account. You may also request a check for the proceeds.

How much tax do you pay on savings bonds?

Multiply the interest earned on the bond by your federal tax rate. For example, if you earned $1,200 in interest on a Series E bond and your tax rate is 28 percent, your tax on the bond is $336, or $1,200 times . 28.

What do you do with mature savings bonds?

Cash it in
Once you've confirmed that your savings bonds have indeed matured, you should cash them in. There are two ways to redeem a paper savings bond: cash it in at a local financial institution, or mail it to the Treasury Department.

How do EE bonds work?

Series EE bonds are the most common type of savings bond. They're purchased at a discount to their face value, and accrue interest monthly based on a fixed rate at the time they are issued. The bonds mature after 20 years, at which point the U.S. Treasury will guarantee that investors have doubled their money.

How much is a US Savings Bond worth?

Currently, U.S. Savings bonds are considered one of the safest investments that you can buy, because they are backed by the full faith and credit of the U.S.1? Government, and most have a face value between $50 and $10,000.

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