Where can I cash federal reserve bonds?

Answer by  Hasan72 (572)

Federal reserve bonds can be cashed at any banks in the United States. You have to present your bonds to F.D.I.C. member banks to cash them in. They will cash your bond at the present value. You have to present your State ID or driver's license for your identification to the bank.

Answer by  mlucas (515)

This can be done at just about any bank and most credit unions. Actually federal law requires banks to cash bonds.

Answer by  Latin4 (11170)

Usually the federal reserve bank in your area can handle these. If you don't have one check with your local bank and ask them what you should do.

Answer by  JoshBroom (40)

Go to a "national bank" that is a member of the F. D. I. C. and when there present your bonds to the teller to cash them in.

Answer by  MarkWatrous (729)

You must go to a bank that has the words "National Bank" in the name of the bank. If it does not, then it is not a member bank of the Federal Reserve. Once you are there, go to any teller, and present your State ID and your bonds.

Answer by  John (9008)

U. S. government bonds can be cashed at any bank in the United States. You will need to show identification (like a driver's license) in order to cash them.

Answer by  mommytoc (56)

You can take them to your local bank and they will be able to cash them for you for their present value.