Can i mail my savings bonds in to cash

Yes, you can mail your savings bonds to the U.S. Department of the Treasury's Bureau of the Fiscal Service (BFS) to cash them in. Here's how:

Method 1: Mailing the Bonds

1. Gather your savings bonds and any required identification (see below).
2. Fill out the back of each bond with the following information:
   • Your name and address
   • The serial number of the bond
   • The amount of the bond
3. Enclose the completed bonds in a secure envelope with a return address.
4. Mail the envelope to:

Bureau of the Fiscal Service Savings Bond Processing 3700 East-West Highway Hyattsville, MD 20782-1387

Method 2: Using the Treasury Department's Online Service

1. Go to the Treasury Department's website at www.treasurydirect.gov.
2. Log in to your account or create a new one if you don't have one.
3. Click on "Savings Bonds" and then "Cash In" to initiate the process.
4. Follow the prompts to enter the serial numbers and amounts of the bonds you want to cash in.
5. Verify your identity and confirm the cashing process.

Identification Requirements

To cash in your savings bonds, you'll need to provide identification. Acceptable forms of ID include:

• A valid government-issued ID (e.g., driver's license, state ID, or passport)
• A Social Security card or other proof of Social Security number
• A birth certificate or other proof of age

Processing Time and Fees

The processing time for mailing in your savings bonds can take several weeks. There is no fee to cash in your savings bonds, but you may need to pay taxes on the interest earned.

Tips and Reminders

• Make sure to sign the back of each bond before mailing it in.
• Keep a record of the serial numbers and amounts of your bonds, as well as the dates you mailed them in.
• If you're cashing in a bond that's been held for more than 30 years, you may be eligible for a special tax exemption. Consult with a tax professional or the IRS for more information.