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Savings-Bonds-Alert: Recovering stolen Savings Bonds

Tuesday, September 21, 2004

Recovering stolen Savings Bonds

If a Savings Bond is taken without your knowledge and cashed in by someone who is neither the owner nor co-owner of the bond, what happens to them and to the bank that cashed the bond? Tom's response When this happens, you should contact the Treasury by email and they will guide you through a case-by-case process they have for this situation. If the process discovers that your bond was indeed stolen and redeemed by someone else, the bank will have to cover the lost funds. They will send the money to the Treasury who will reissue the bond to you.


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