Redeem Savings Bond as Miscellaneous Advance

These steps explain how to redeem a savings bond by treating it as a miscellaneous advance.

• Prior to following these steps, do the following:

• Obtain the savings bond value by visiting treasurydirect.gov/BC/SBCPrice.

• Print the bond valuation page.

• Activate your teller drawer.

• If your credit union redeems savings bonds for non-members, process the redemption by clicking the Non-Member Services button on the Teller Processing entry screen.

• After performing the steps below, be sure to update the savings bond information.

1. Launch Tool #1 Teller Line Posting.

2. Enter the member's account number and name ID if required.

3. Select Misc. advances from the Process code drop-down menu.

4. Click the forward arrow.

5. Click the forward arrow again to move past the Verify Member pop-up.

6. Enter the total bond value on the Miscellaneous Advances screen.

   • The total bond value is principal plus interest.

7. Select the savings bond redemption Code.

8. Fill in the G/L description.

9. Click the forward arrow.

10. Do one of the following depending on the member's preference:

    • If the member would like cash back, click Post Advance.

    • If the member would like to deposit to the same account, click Bal Fwd/This Member.  

    • If the member would like to deposit to another membership, click Bal Fwd/New Member.