Where To Get Change Turned Into Cash

Convert Your Paper Savings Bonds Using SmartExchange

Did yous know that if you ain newspaper savings bonds, you tin trade them in for electronic bonds in TreasuryDirect, using a program chosen SmartExchange?

SmartExchange allows TreasuryDirect account owners to convert their Serial E, Serial EE, and Series I Bonds to electronic securities in a special Conversion Linked Account within their online business relationship. With a TreasuryDirect account, you enjoy all the benefits of having online 24-60 minutes admission to manage your holdings, without having to keep track of newspaper securities.

	If you want to cash (redeem) your savings bonds (and y'all accept them in manus), you don't need a TreasuryDirect account. Information technology's quicker and easier to take the savings bonds to your local financial establishment and greenbacks them in that location.
	Or hither's some other option: Make full out FS Form 1522 (download or guild), follow the instructions, and mail it to usa with your bond. After nosotros process your paperwork, we'll eolith your money right into your bank business relationship
	If the bail possessor is deceased, please see our spider web page "Decease of a Savings Bond Owner."

Who's Eligible for SmartExchange?

If you're a TreasuryDirect account owner, y'all can exchange paper savings bonds on which you are the sole owner, a co-owner, or the owner with a casher. Equally an account owner, you tin also catechumen paper savings bonds purchased as gifts for someone else, or bonds you have obtained through inheritance or other change in ownership.

Account Managers for sure entities, including trusts, estates, and corporations, may open up accounts and convert bonds in TreasuryDirect. Run across Acquire more than about Entity Accounts. All securities in an entity business relationship carry a registration identical to the entity account name. If the submitted bonds are non registered in the proper name of the entity, legal evidence may exist required to back up the transaction. (Nosotros don't return legal evidence.)

Why Should You Use SmartExchange?

Electronic securities give you a greater degree of flexibility and convenience than paper securities and here's why:

You tin can greenbacks your electronic bonds, in full or in part, at whatever time – 24 hours a day, vii days a week – and deposit the funds to a savings or checking account that yous specify. You don't need to become to a fiscal establishment, and at that place are no restrictions on the number of bonds or the value that tin be cashed at any one time once minimum requirements are met.
Online holdings and their current values can exist viewed at any fourth dimension. Y'all don't demand to worry about newspaper securities beingness accidentally lost or destroyed.
You lot tin can change the bond registration, or transfer the securities to another account, at any time. (Some ownership restrictions apply; transfers may result in a taxable event.)
When electronic bonds accomplish final maturity and are no longer earning involvement, they volition be paid automatically, and the proceeds deposited to your Naught-Percentage C of I in your Primary Account. You can apply all or some of the proceeds to purchase new securities or cash the C of I to your bank business relationship, in full or in part.

How Do You Use SmartExchange?

Making the SmartExchange is easy:

Open a TreasuryDirect account, if you don't already have one. Simply complete our easy, online awarding to get started.
In one case your TreasuryDirect account is prepare, login, click "Manage Straight," then select "Establish a Conversion Linked Account" in the Manage My Linked Accounts card.
After you review the data on the ManageDirect >> Establish a Conversion Business relationship page, click "Create Account" if yous wish to create a Conversion Linked Account.
Click "Manage Directly," and then select "How to Catechumen My Paper Bonds" nether the "Manage My Conversions" menu for complete instructions.

Interested in more detailed information on SmartExchange? Check our FAQs for answers to your questions about the conversion procedure.

Notation: In TreasuryDirect, the number in the "Amount" column represents the amount you lot paid for a bail. In the case of a Series EE bond you converted from newspaper, this isn't the bond's face value. For example, if you bought a $100 Series EE savings bail in paper class, you paid $50 for it. If yous commutation it for an electronic bond in a TreasuryDirect account, the "Amount" column in TreasuryDirect will show "$50".... The number in the "Current Value" column shows what the bail is worth: purchase price plus accrued involvement.

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