Whose signature is needed when cashing in a minor's Savings Bond?
Friday, January 28th, 2005
Categorized as: Cashing in US Savings Bonds
How does a minor cash a Savings Bond if they aren't old enough to sign or don't have an ID?
Tom's response
If a child is old enough to understand the transaction and sign the request for payment, and if the child has indentification that a bank will accept, the child can sign the bond.
If the child doesn't have identification or is too young to understand the transaction, payment can be made to a parent the child lives with or to whom legal custody has been granted.
The request would be made on the back of the bond as follows:
I certify that I am the parent of Jane Doe with whom Jane Doe resides She is ___ years old and is not of sufficient understanding to make this request. John Doe on behalf of Jane Doe
If a bank is unwilling to redeem the bond, ask the bank to certify your (the parent's) signature on the back of the bond, and send the bond to a Federal Reserve bank that handles Savings Bond transactions.
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