Have you ever experienced a discrepancy in your US Savings Bonds redemption receipts? #SavingsBonds #Redemption #ReceiptDiscrepancy
Did you know that overlooking details can lead to panic-inducing situations? #CheckReceipts #AvoidPanic
What should you do if your bank shows only 1 bond redeemed instead of 4? #BankError #RedemptionDiscrepancy #FinancialPanic
Tips for handling a situation where your bond redemption receipt doesn’t match up with your expectations:
Check and double-check your receipts before leaving the bank.
Keep a record of all your transactions for future reference.
Contact the bank immediately to clarify the discrepancy.
Stay calm and proactive when dealing with financial mishaps.
Contact the bank immediately to clarify the discrepancy.
Stay calm and proactive when dealing with financial mishaps.
Remember, staying informed and attentive can help you navigate unexpected situations with ease. #StayInformed #BeAttentive
You just have to wait until tomorrow sorry
I am surprised your bank accepted them. Most of the old bonds nowadays have to be mailed in to the Treasury department directly. That being said it is easy to fix these kinds of issues and you should definitely look into opening an account to buy electronic bonds. They are much easier and they are paying great interest rates nowadays as well.
Before you freak out and overreact, how about just wait till tomorrow.
The bank teller will most likely remember your husband as it isn’t every day that someone brings in 30 year old bonds.
Worst case, it will take time and paperwork, but with US Savings Bonds or any Treasury security, if something glitched the Treasury will know these bonds were not redeemed and they won’t just vanish into the ether.
$1,150 face value in 1993 EE bonds is approximately worth $1,700 now. The purchaser only pays half of the face value ($575) for the EE bonds so in all the bonds earned about $1,125 in interest. The teller really messed up that’s one reason why many banks don’t cash paper bonds anymore- nobody there knows what to do with them.
I used to work at a bank. We had cameras pointed at the tellers. They should be able to pull the footage and confirm 3 bonds were handed over.
I believe the Treasury knows what bonds were issued to you and can produce them again. So if they are “gone” you can get them back, I’m pretty sure. But they are notorious for being slow and having long wait times, fyi. So I don’t think your money is gone but you may have an annoying chore ahead of you.
What a strange reaction to a minor mistake.
Banks don’t just shred checks after they receive them. Go into the bank tomorrow and tell them there was a mistake. They’ll pull the check deposits and notice they messed up. Problem solved.
Banker here – this is easily fixed, don’t worry. Go back to the branch the bonds were redeemed in; you can get copies of the bonds, as well as the receipt used for your taxes.
Best guess is the teller thought they were ALL $50 bonds or something. Banks are required to keep proofwork for at least 90 days, so they definitely have them.