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#580187 - 07/06/06 10:26 PM $150M in Savings Bonds
J.R. Offline
Junior Member
Joined: Aug 2005
Posts: 40
Midwest
Is there a requirement that someone is a customer for 6 months to be able to cash savings bonds over a certain dollar figure?
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J.R.

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Operations Compliance
#580188 - 07/07/06 01:05 PM Re: $150M in Savings Bonds
RBanker Offline
Power Poster
RBanker
Joined: Jul 2003
Posts: 2,675
Austin Texas
No - other than your past precedents or procedures
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#580189 - 07/07/06 01:43 PM Re: $150M in Savings Bonds
twin1 Offline
100 Club
twin1
Joined: Feb 2003
Posts: 111
Gateway to the South
There are 3 kinds of indentification the bank can rely on when cashing bonds.
-ind. is an established customer (name on the account for at least six months)
-ind. is identified by another person or
-ind. presents an identification document. This method is acceptable only for payments of $1,000 or less. If they have more than that, the individual must take the bonds to a bank where he/she is an established customer.
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