A recent RISK Alert from CUNA Mutual Group discusses scams involving the redemption of U.S. Savings Bonds and includes information about validating bonds presented for cashing. The U.S. Savings Bond topic in the Accounts channel of InfoSight now includes this FAQ for additional information:
Is there a way to VALIDATE a bond to make sure it's legitimate?
Yes! Although the TreasuryDirect tool calculates the value, it does NOT:
Credit unions should use the Savings Bond Valuation and Verification for Financial Institutions from the U.S. Department of the Treasury’s Bureau of the Fiscal Service to validate savings bonds. To obtain access, credit unions will need to email email@example.com. Once you have access, it appears very easy to use by following the instructions.
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