Medallion Stamp Guarantee Near Me
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▷About medallion stamp guarantee near me
Find a medallion stamp guarantee near you today. The medallion stamp guarantee locations can help with all your needs. Contact a location near you for products or services.
A medallion stamp guarantee is a service that validates the authenticity of your signature on financial documents like stock or bond certificates. It protects against fraudulent transactions and is often required by financial institutions when transferring or redeeming securities worth $10,000 or more.
FAQs
What is a medallion stamp guarantee?
A medallion stamp guarantee is a service provided by banks and credit unions to certify that the signature on important financial documents like stock certificates is genuine. It acts as a safeguard against fraud and identity theft.
Where can I get a medallion stamp guarantee near me?
Major retail banks like Chase, Bank of America, Wells Fargo, etc. often provide medallion stamp guarantee services. You can visit your local bank branch to get documents stamped and signature validated.
What documents require a medallion stamp guarantee?
Transfer of securities worth $10,000 or more, changing ownership of securities, requests for legal name changes on brokerage accounts often require medallion stamp guarantees on relevant documents.
How much does a medallion stamp guarantee cost?
Most banks charge between $5 to $25 per stamp depending on the document type and transaction value. Fees may vary across banks and locations.
What are the alternatives to medallion stamp guarantee?
In some cases, notarization by a notary public can be accepted in place of a medallion stamp guarantee. But most financial institutions insist on medallion stamp for transactions above the $10,000 threshold.
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