Do Banks Redeem I Bonds, or Only EE??
Nov 3, 2002 | 10:35 pm
#1
Original Poster
Join Date: May 2001
Location: Austin, TX
Posts: 139
Do Banks Redeem I Bonds, or Only EE??
My bank has informed me that they do not redeem I bonds, only EE. They have advised me to send I bonds directly to the Fed for redemption.
Has anyone, specifically in Texas, redeemed I bonds at a local bank branch, and if so, which one? It may be time to open a new account.....
Has anyone, specifically in Texas, redeemed I bonds at a local bank branch, and if so, which one? It may be time to open a new account.....
Nov 3, 2002 | 10:59 pm
#2
Join Date: Apr 2002
Location: BOS/PVD
Posts: 461
Although I'm not from Texas, and can't help you with finding a specific location, according to the Bureau of the Public Debt, "You can cash your I Bonds at most local financial institutions." So, a few quick phone calls to some local banks in your area might prove useful...
Nov 4, 2002 | 4:45 am
#4
Join Date: Oct 2000
Programs: AA - Lifetime Gold
Posts: 1,513
There was a thread going earlier this year that discussed the "cashability" of I bonds. At one point in the discussion it appeared that I bonds' cashing ability was based on whether the bank's computer system was set up to handle I bonds. I'd be interested in knowing which Austin banks will cash them since I live here also.
Nov 4, 2002 | 7:37 am
#6
Join Date: Mar 1999
Location: arlington, va
Programs: AA Gold, UA Silver, Marriott Plat
Posts: 660
No problem cashing my "I" bonds at First Union in Virginia and DC. Thought I noticed First Union in TX too. Not that I'm a fan by any means of this bank, but maybe you should consider another bank.
Nov 4, 2002 | 8:12 am
#7
Suspended
Join Date: Jul 2002
Location: Los Angeles, CA
Programs: United Premier, American Airlines
Posts: 896
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by onedog:
My local branch (of a big giant monster bank) cashes both the I and EE. It seems odd that your branch would cash one type of bond but not the other.
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My local branch (of a big giant monster bank) cashes both the I and EE. It seems odd that your branch would cash one type of bond but not the other.
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Nov 4, 2002 | 10:35 am
#8
Join Date: Nov 1999
Location: Los Angeles, CA, USA
Programs: AA PLT, SPG GLD, PC PLT SPIRE
Posts: 4,531
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by burgerwars:
Which Big Monster Bank is it? Wells Fargo or Bank of America?
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Which Big Monster Bank is it? Wells Fargo or Bank of America?
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Nov 5, 2002 | 5:02 am
#11
Moderator: Avianca, Travel Photography, Travel Technology & USA
Join Date: Jul 2001
Location: Far western edge of the La-La Land City limits
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Posts: 3,810
While there have been numerous posts in "MilesBuzz" about how to get miles for purchase of bonds, this posting is not tied into that idea. Please continue to follow it in Omni.
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Craig6z
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Craig6z
Buzz & United Moderator
[email protected]