Many people are asking this question about cash savings bonds but not everyone gets an answer and we are here to solve that problem and give the answer to you right away!

Question
My son is a minor (15 years old) and he has a few savings bonds from when he was little that he would like to cash in for some extra cash. His name is on them but my name or my x husbands name appears at the bottom with the letters POD then our name. I am not sure how this works. If my sons name is on them shouldn’t he be able to cash them in with me being the co signer if you will? Thank you for your help

Answer
Some banks will allow a 15 year old to sign, particularly if he has a good photo ID, such as a passport. If not, as the custodial parent, you can sign for your son. When you take the bonds in, take your son with you. There’s more info on redeeming Savings Bonds here:

Cash savings bonds

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