What Happens If You Lose a United States Savings Bond?


Quick Answer

The United States Treasury has measures in place to replace paper EE bonds if they are lost, stolen, mutilated, destroyed or if the owner never receives the bond, according to TreasuryDirect. However, the bond is delivered in electronic format when it is reissued. Bond owners can request to cash out the bond instead of receiving an electronic deposit to a TreasuryDirect account if desired.

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What Happens If You Lose a United States Savings Bond?
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Full Answer

For stolen, lost or destroyed bonds, the Treasury Department requires the bond's serial number in order to search its records and find the bond, notes TreasuryDirect. An owner who does not have the serial number on file must provide their Social Security number, name or names on the bond, mailing address and a specific month and year that the bond was purchased.

Those bond holders must also fill out the Treasury Department's PDF 1048 form, which is available to order or download on its website. The filled out form must be taken to a financial institution to have the bond owner's signature certified, and then the bond owner must mail the form to the Treasury Retails Securities Site in Minneapolis, Minnesota. If a lost bond is discovered later on, the ownership of the lost bond is transferred to the United States government and must be surrendered, notes TreasuryDirect.

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