• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Counterfeit EE Bonds?

Lost_in_the_HTTP

Lost_in_the_HTTP

Lifer
I have some EE bonds due to mature soon. I can send them to Treasury by mail and have the funds direct deposited, but there is a 6-8 week backlog and the risk of them being lost in the mail.

Decided to check with a local bank to open an account so I could cash them locally. My current accounts are with nationally based banks with no local offices within 100 miles or so.

Branch I called said they would only redeem EE bonds for customers with account six months or more older due to a rash of counterfeit bonds.
 
So essentially you printed up some EE bonds down in your basement and now the bank where you've only just opened an account won't let you cash them in and you made a thread here to cry about it?
 
What kind of person, doesn't have a "local" (branch within 100 miles) bank account? How do you live in your community?
 
Lectronical like.

Embrace the digital world, all bills paid automagically. CCs for purchases. Earn rewards and bonuses you can't with cash.
 
Thank you for your interest in Treasury securities. Due to heavy volume, we are temporarily limiting our communication by e-mail. For us to respond to your e-mail, it must concern a pending case and it must state your case number in the subject line of your e-mail. You may also call us at 844-284-2676. Representatives are available from 8 a.m. to 5 p.m. Eastern Time, Monday through Friday. Note: Call volumes are unusually heavy at this time. Instructional videos (https://www.treasurydirect.gov/indiv/tools/tools_video.htm) and general information is available on our website at, www.treasurydirect.gov. You can also find Frequently Asked Questions at, www.treasurydirect.gov/faq.htm.

(Please note: Replies to this e-mail will not receive a response.)

Sincerely,

Treasury Securities





What the farkle is wrong with these 'public servants'? It takes less time to respond to an email that it does to handle a phone call.
 
Lost_in_the_HTTP said:
Thank you for your interest in Treasury securities. Due to heavy volume, we are temporarily limiting our communication by e-mail. For us to respond to your e-mail, it must concern a pending case and it must state your case number in the subject line of your e-mail. You may also call us at 844-284-2676. Representatives are available from 8 a.m. to 5 p.m. Eastern Time, Monday through Friday. Note: Call volumes are unusually heavy at this time. Instructional videos (https://www.treasurydirect.gov/indiv/tools/tools_video.htm) and general information is available on our website at, www.treasurydirect.gov. You can also find Frequently Asked Questions at, www.treasurydirect.gov/faq.htm.

(Please note: Replies to this e-mail will not receive a response.)

Sincerely,

Treasury Securities





What the farkle is wrong with these 'public servants'? It takes less time to respond to an email that it does to handle a phone call.
Click to expand...
You think a human sent you that? Ahahahhaha
 
I have a bunch of EE bonds received as gifts growing up: about 5 years ago, I did the paper to electronic conversion with Treasury Direct. Probably took about a month to complete; I just sent them in via registered mail to avoid them getting lost and provide definitive tracking/receipt.

Now I don't have to deal with a branch to cash them in and the deposit to my bank is quick when cashing out. Plus, many banks charge a fee for cashing EE bonds, do I avoid that nonsense too.
 
I am thinking of buying an I bond. Any thoughts on this?
 
Know nuttin' 'bout no 'I's.

I bought these EEs in '92 for $50. Now 30 years later they mature at a little over $200 each. I didn't need the $50 back then, but the $200 will come in handy now. Yes, I know there were other places to put that $50 that would have yielded more, but it was what it was.
 
I bonds interest rates vary based partly on inflation. Right now they earn over 9% a year, though this rate is adjusted every 6 months.

I bonds — TreasuryDirect

www.treasurydirect.gov www.treasurydirect.gov
 
allisolm said:
Unless the law has changed recently, it is illegal for a bank to charge fees to redeem US savings bonds.
Click to expand...
That's just what I remember looking at the Citibank fee schedule about 6 years ago. Regardless, just do the paper/electronic conversion and avoid the future trip to the bank.
 
And USAA is kinda suckin' too. Ever try to get someone on the phone? I rarely need to, but there are times. If you make some kind of complaint, some from 'Executive Resolutions' calls you and basically tells you 'too bad, so sad, we really don't give a toss.'
 
I'm probably going to open an account at that local bank, put enough in for long enough to get the $200 bonus and avoid fees, then close it out.


I hate games and I enjoy sticking it to companies that play them.
 
[DHT]Osiris said:
Why on earth does anyone need a local branch bank account?
Click to expand...
They do come in handy on occasion. Yes many things can be done online, but some things are much better in person. Here are reasons that I've needed to go into a local bank and online was not an option in the last few years:
  • For Medallion a signature guarantee (used when transferring accounts or rolling over account like 401(k), IRA, etc). https://www.investopedia.com/terms/m/medallionsignatureguarantee.asp
  • Certified notaries.
  • When moving and I needed a proof of address to update my driver's license.
  • Free foreign exchange (after a trip and I had spare bills).
  • Waiving fees / charges.
  • Non-typical banking (think using things as collaterals for a loan, so you don't need to sell them).
  • Time-sensitive items like CDs when they expire and you have just a week to handle them.
  • Property exchanges.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top