Comments on: If your bank won't handle your Savings Bond transaction, the Federal Reserve will http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/ Sat, 21 Nov 2009 02:19:31 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-51461 Wed, 18 Nov 2009 16:58:03 +0000 http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-51461 India - From your message it's not clear exactly how the bonds are registered. If both your grandfather's and mother's names are on the bonds, then when your mother died it had the legal effect of removing her name. This gets very complicated very fast and is more than I can go into here. Some of the things that matter are the approximate value of the bonds, exactly how they are registered, and how your grandfather's estate is being handled. Your best bet is to spend a weekend reading <a href="http://www.amazon.com/dp/0976064537?tag=alert-20&camp=14573&creative=327641&linkCode=as1&creativeASIN=0976064537&adid=1SKZRFZY332KNYZNRD5P&" rel="nofollow">my book</a> - especially the chapter on inherited Savings Bonds. Tom Adams India - From your message it's not clear exactly how the bonds are registered.

If both your grandfather's and mother's names are on the bonds, then when your mother died it had the legal effect of removing her name. This gets very complicated very fast and is more than I can go into here.

Some of the things that matter are the approximate value of the bonds, exactly how they are registered, and how your grandfather's estate is being handled.

Your best bet is to spend a weekend reading my book - especially the chapter on inherited Savings Bonds.

Tom Adams

]]> by: India http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-51436 Tue, 17 Nov 2009 20:01:38 +0000 http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-51436 My grandfather just died and had about 100 Savings Bonds in my mothers name. My mother passed last year and I'm trying to figure out who get the bonds, my father(my mom's husband) or my sisters and I, or a combination of us both? My uncle is giving them to me and we need to figure out how to cash them and who they belong to? My grandfather just died and had about 100 Savings Bonds in my mothers name. My mother passed last year and I'm trying to figure out who get the bonds, my father(my mom's husband) or my sisters and I, or a combination of us both? My uncle is giving them to me and we need to figure out how to cash them and who they belong to?

]]> by: Tom Adams http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46342 Thu, 20 Aug 2009 14:25:26 +0000 http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46342 Will - I'm surprised that you found a bank that would give you $1,000 in cash a day for your Savings Bonds. Banks only receive a tiny transaction fee, yet take the risk of losing the entire amount if you're cashing the bonds fraudulently. Consequently, banks typically will only give cash money for Savings Bonds if you have an account. This page describes what you need to do to get all the bonds cashed at once - by visiting just one bank. Tom Adams Will - I'm surprised that you found a bank that would give you $1,000 in cash a day for your Savings Bonds. Banks only receive a tiny transaction fee, yet take the risk of losing the entire amount if you're cashing the bonds fraudulently. Consequently, banks typically will only give cash money for Savings Bonds if you have an account.

This page describes what you need to do to get all the bonds cashed at once - by visiting just one bank.

Tom Adams

]]> by: Will http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46290 Wed, 19 Aug 2009 19:44:26 +0000 http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46290 I have been having a heck of a time trying to cash in $12,000 worth of bonds. Every bank in town has been reluctant to help me. The ones that are willing to help will only allow me to cash in $1000 per day, and even that is with an "attitude". Well, you live and you learn. I'll not be purchasing any more of these as they're more trouble than they're worth. I probably spent half of the interest earned on gas running around town. Looks like cash under the mattress isn't such a bad idea. I have been having a heck of a time trying to cash in $12,000 worth of bonds. Every bank in town has been reluctant to help me. The ones that are willing to help will only allow me to cash in $1000 per day, and even that is with an "attitude". Well, you live and you learn. I'll not be purchasing any more of these as they're more trouble than they're worth. I probably spent half of the interest earned on gas running around town. Looks like cash under the mattress isn't such a bad idea.

]]> by: Tom Adams http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46204 Tue, 18 Aug 2009 14:29:05 +0000 http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46204 Michael - If the bonds have your name on them as well as your mother's, the information you're looking for is <a href="http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/" rel="nofollow">here</a>. Tom Adams Michael - If the bonds have your name on them as well as your mother's, the information you're looking for is here.

Tom Adams

]]> by: michael uhl http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46088 Fri, 14 Aug 2009 22:38:40 +0000 http://www.savings-bond-advisor.com/federal-reserve-banks-that-handle-savings-bonds-transactions/#comment-46088 How do I remove/ replace my moms name to my wifes name on a ton of bonds she left me How do I remove/ replace my moms name to my wifes name on a ton of bonds she left me

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