Saturday, December 12, 2015

What is a Medallion Signature Guarantee?

Medallion Signature Guarantee or also known by other terms Medallion Stamp or Barcoded Medallion Signature is required by financial institutions for verifying signatures on finance related documents.  Medallion Signature Guarantee is perhaps more relevant to USA and I am not sure of other countries. You may find more info or links here for international transfers

According to the investment firm TD Ameritrade,

"A signature guarantee verifies the legitimacy of a signature and the overall request of the signatory. It's provided in the form of a stamp or seal by a bank, stock exchange member, or another acceptable guarantor and is often used in cases of financial instrument transfers. Most often, the guarantor accepts all responsibility if the signature is fraudulent. Please note: A notary stamp is not the same as a signature guarantee, and will not be accepted in its place on forms that require a signature guarantee."

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