What is a Medallion Signature Guarantee?

Unless you're studying to be on a television game show, or work in the finance industry, a Medallion Signature Guarantee is not a term perched on the tip of the tongue. However, after reading this FAQ you'll be able to impress your friends and neighbors with your newfound knowledge (details to follow).

A Medallion Signature Guarantee is:

  1. A signature authentication method used to ensure that documents related to the ownership of securities are legitimate
  2. The signature guarantee process makes it harder for someone to take your assets by forging your signature on documents
  3. A Medallion imprint or stamp indicates that a financial institution is a member of a Medallion Signature Guarantee program and is an acceptable signature guarantor
  4. They're commonplace at savings & loan associations, commercial banks, and credit unions (most of which don't charge their customers for the service)

Tip: Call ahead of time and ask what forms of identification (birth certificate, driver's license, a well-timed smile, etc.) the savings & loan association, bank, or credit union requires.

For even more exciting information about Medallion Signature Guarantees: http://www.sec.gov/answers/sigguar.htm