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Can a bank refuse to provide a medallion stamp?

If a financial institution is not a member of a recognized Medallion Signature Guarantee Program, it will not be able to provide medallion signature guarantees. Also, if you are not a customer of a participating financial institution, it is likely the financial institution will not guarantee your signature.

Why is it so hard to get a medallion stamp?

Our experience is that most banks want an account open for more than six (6) months before they will provide a Medallion Signature Guarantee Stamp. There is also a trend among banks that own brokerage firms to only provide a Medallion Stamp when assets are being transferred into their brokerage firm.

How to obtain a medallion stamp?

Notary Stamps are for legal documents. Medallion Guarantees are for financial documents. A Notary Public is a state-appointed official who serves the public as an impartial witness when signing legal documents. The Notarys job is to make sure the signer of the document is the correct person (ID may be required).

How long does it take to get a medallion stamp?

The medallion signature guarantee specialist will review the request (in most cases, a review takes no longer than 2 business days after we receive all documents; complex cases may take up to 5 business days). The specialist will provide email status updates and let you know if any additional documents are needed.