Recovering stolen Savings Bonds
Tuesday, February 14th, 2006
Categorized as: Lost or stolen US 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?
When this happens, you should contact the Treasury here 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.