Jeff Steeby, Fifth Third Trust Department (269) 567-7864 Greenleaf Trust (269) 388-9800. Very offensive to us honest folk, for sure. * / 0 1 2$ 2 1 # 3 ! Many investment accounts do require a Medallion Signature Guarantee for transferring or selling shares, but they may not require one to simply transfer cash (unconnected to shares) out of an investment account. I have a friend who have a Variable Life Insurance policy inside a Keogh plan with Axa Equitable with some money that she want to transfer to a Life Index Annuity. Keep in mind that it’s always a good idea to call ahead before visiting any of these places, first to confirm what documentation is necessary, and second to confirm fees and eligibility. Medallion Signature Guarantee United Bank & Trust provides the service of medallion signature guarantee to our customers for the purpose of security transfers. Transfer agents commonly require that your signature be “guaranteed” before you can complete any transactions. Medallion Signature Guarantee: One of several special certification stamps which guarantee that the signature authorizing the transfer of securities is authentic. Best of luck getting this issue resolved! but have so far just run up against brick walls. If Citibank and KeyBank do not offer the service at the branches near you, there’s very little to be done, as it’s often up to individual branches to set their policies in this regard. To find out which company is right for you, you’ll want to confer with the Trustee to determine what your priorities are. Do you know for sure of any companies that can do this without being a client that’s business is in the Phoenix area? Brokerages: (The article is specific to stocks, but it will be fairly similar for other financial assets.) John Smith, Executor or John Smith, Custodian). Traveling? ( ) * + ) , + ' ) - . From https://www.bogleheads.org/forum/viewtopic.php?t=41005#p524368 as of 2009: Etrade does not provide MSGs. I’m running into a similar problem as many others – my bank doesn’t offer the MSG, and none of the banks I’ve contacted (including Wells Fargo and Key Bank) offer it for non-account holders. See reviews, photos, directions, phone numbers and more for Medallion locations in Abilene, TX. Hello, we are trying to find a company which can provide us with a Medallion Signature Stamp in Russian Federation. Thank you again for sharing your findings with us, and please let us know if you have any additional questions or comments. my bank will not execute a medallion signature as a power of attorney is involved and one can see from the list of participating banks that one has to leave town to find an institution that MIGHT provide the needed document…………angry beyond words! I am the executor of my mother’s estate where one of her brokerages is requiring a MSG. My son is receiving money through a Prudential life insurance policy in April (when he turns 18) from the passing of his father. He used to work for GE and come to find out when they reported the funds they attached someone else’s Soc.Sec. Additionally, eSignature Guarantee provides a remote option for those who cannot visit a branch or are not a member at a guaranteeing institution. Thank you in advance. * 8 * ( & 9 - . Help! Thank you so much for bringing that to our attention. I’m sorry I couldn’t bring you better news! Since Medallion Signature Guarantees are only available to members of banks, credits unions, and brokerages based in the United States and Canada, you may have a difficult time finding MSG services in Argentina. If the financial institution that you normally work with does not provide this service, unfortunately, the only option may be to join a bank, credit union, or brokerage that does provide this service (note that the service may not be available immediately to new customers and waiting limits may apply). I spoke to a representative of Chase Bank and learned that they offer MSGs to all account holders, regardless of how long they have had an account, so it sounds like the information you found may no longer be applicable. This means that even though your mother has power of attorney, she is still limited by the restrictions specified in the power of attorney document. The Medallion Signature Guarantee is used for selling, redeeming or transferring securities, such as stocks or mutual funds. and How Much Is It To Get Something Notarized? Specific branches of financial institutions must be individually authorized to grant a Medallion Signature Guarantee. It is a much stronger statement that you are you than a notarization. You may obtain a Medallion Signature Guarantee at your local commercial bank or a brokerage firm … Unfortunately, it is quite rare for institutions to grant a medallion signature guarantee unless you’re a client with that bank/firm. Members must have valid (non- expired) Government Issued Identification to obtain a Signature Guarantee . From http://socialize.morningstar.com/NewSocialize/forums/194860/PrintThread.aspx as of 2007: Scottrade does not provide MSGs. I have an account with California Bank and Trust and my branch manager provided me with the Medallion signature. It should not be this difficult to get some that legally belong to you. You can also get a digital medallion signature guarantee online. Based on all of the comments here, we are just SOL and MetLife Computershares reaps the benefits. I called TD Ameritrade and spoke to a customer service representative to verify their current offerings, and I learned that they do not currently provide MSGs for account holders (though perhaps they did so in the past). A medallion signature guarantee is an official stamped certificate that proves your identity beyond a reasonable doubt for financial transactions involving securities. My grandma is in hospice so she is not able to go to the bank. Brokerage firms generally do not detail the process for obtaining medallion signature guarantee services on their websites. Learn more about notary public services through our articles, Where Can I Get Something Notarized? Hi, The representative I spoke to felt that it would incorrectly represent Scottrade’s offerings to place them on a list of brokerages that do offer MSGs, so I’ve updated the article accordingly. From personal experience as of 2017: At least some locations of Wells Fargo Financial Advisors unfortunately no longer offer MSGs to non-accountholders for a ‘small fee’ as had been mentioned in your list. the IWC Probate Services, as recommended by Computershare, offer this as a worldwide postal service. Can you give me the information how and where I can do this? A high percentage of their branches do participate. Hi Rene, Before you can safely buy, sell, or transfer bonds, stocks, and other financial assets without using a broker, you’ll need to show that you’re doing so in good faith. Move to the US, find a bank that will issue MSG, sell the shares and then come home? This article explains what a medallion signature guarantee is and how to get one. Sounds like quite the experience and a lot of delays just to move your investment. Enter your ZIP code and we will create a personalized pricing page that you can print. Where Can You Get a Medallion Signature Guarantee? The PNC Bank stock has been in a downward trend recently. I have entered into an agreement with them and will report back as and when. Crazy, just crazy. and everywhere! I’ve been trying for over four years to resolve this. 3 % 4 5 ( + 6 & 2 7 / . ) Although First Quarter Finance is not a Medallion Signature Guarantee service, we’re happy to point you in the direction of some companies that might be able to help you to roll over your wife’s 401k account. We are trying to get everything handled before she passes so it won’t go to probate. This option is the most expensive by far; however, you can use the online option without opening a new bank account or even leaving your house. Our content does not substitute a professional consultation. To avoid pricey commissions, you can keep brokers out of the selling process. The easiest place to get a medallion stamp will typically be your own banking institution, or at a firm like Wells Fargo Financial Advisors that sometimes offers this service to non-customers; but even if you go through one of these institutions, there will be documentation requirements in order to get the guarantee. Some banks choose to charge a fee for medallion signature guarantees to cover costs arising from the complex nature of securities. Many people believe that a notary stamp will serve the same purpose, but a notary stamp and a medallion signature guarantee require two different processes and serve two different purposes. MEDALLION SIGNATURE GUARANTEE REQUIRMENTS . From https://www.bogleheads.org/forum/viewtopic.php?t=146329#p2266730 as of 2014, some institutions with a limit lower than you need to transfer may be willing to split up your transaction into multiple smaller transactions and MSG-stamp them all in the same visit anyway. I’m sorry to hear about the trouble you’ve had with obtaining a medallion signature guarantee. In the United States, a medallion signature guarantee is a special signature guarantee for the transfer of securities. This helps prevent individuals from fraudulently posing as you and forging your signature to sell the stock. Certain branches of Wells Fargo Financial Advisors, KeyBank, and Citibank have been known to provide this service to non-account holders for a fee. I am very happy to hear that Bob! If you cannot get a Medallion stamp what other form of proof is acceptable? There are a few things to consider here. The one snag you may run into is finding a location that offers this service. I need a signature guarantee to switch my invesco account to my name. Unfortunately, financial institutions do not always offer a Medallion Signature Guarantee because it requires the institution to incur a huge liability in the case of any type of fraud or illegitimate financial activities. That was over two years ago, and I never received a call back. If you have branches of any of these institutions in your area, it may be worth giving the location a call to see if they would be able to help. Medallion signature guarantee for an estate in Pittsburgh I'm executor of an estate where the decedent had a mutual fund. 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