Cashing a minor's savings bond
The owner of a bond is currently a minor with a POD listed on the bond. Can the POD redeem the check since the owner is a minor? If the answer is no, what if the POD is the parent/legal quardian, then does the POD have rights to redeeming the bond? Tom's response You can cash your own child's bond because you are the child's parent, no matter what the POD says. Likewise, the person named in the POD normally can't cash a bond unless the owner has passed away. Here's some more info from the Treasury's web site.