If a U.S. series e-savings bond is made out to two parties, do both parties have to sign it to cash it?

Answer by  YourMoneyAnswerGal (654)

No, either party may sign it and cash it, even thought there is usually only one social security number attached to it. If the bond is a gift to a minor, it's common to make the bond out in the name of the giver as well as the receiver.

Answer by  Rose60 (10)

Yes. They also verify the spelling of the name to make sure the spellings are the same as on your identification, which is required when cashing.

Answer by  kory88 (109)

No both parties don't have to sign it. The other party is just there just in case something happen to the first party.

Answer by  happytimes63 (865)

Unless the parties on the bond is listed with and/or then both parties would have to sign the document. When the people listed on the bond are separate, the only way it could be redeeemed is if one of the parties has given a power of attourney to allow consent to cash the bond.