Can you medallion guarantee your own signature?

Signature guarantees can only be provided by members of official securities guarantee programs like Medallion.

What do you need to get a medallion signature guarantee?

The documents typically required for a signature guarantee include two forms of identification, one of which must be a photo ID; proof of ownership of the shares you’re selling, such as a recent account statement from your broker; and a document showing the current value of the shares.

Who can provide a Medallion signature guarantee?

Banks, credit unions, broker dealers, and other financial firms that are members of a medallion program can provide one. A bank officer stamps it on your transfer form near your signature, and signs his or her own name over the stamp.

Do you need a NYSE medallion signature guarantee?

Signature guarantees from financial institutions that do not participate in either Stamp or NYSE Medallion program are not accepted. It is worth noting that a notary public is not bound to produce a medallion signature guarantee when transferring stocks.

Where does the name medallion signature guarantee come from?

The name comes from the imprint stamp in the form of a medallion used to show that the guarantee is of the acceptable type. The financial institution where you get the guarantee will be a member of a Medallion Signature Guarantee Program.

Do you need a signature guarantee for a stock certificate?

The signature guarantee for your stock certificates must be what is called a Medallion signature guarantee.

What are the benefits of a medallion signature?

A medallion signature provides a guarantee that a signature’s owner is the legal owner of securities and hence, possesses the power to initiate a transfer of ownership. In the case of forgery, the financial institution will accept liability.