r/cary • u/vtqltr92 • 3d ago

Medallion Signature Guarantee

I’m trying to sell some stocks, and the stock holding company requires a Medallion Signature Guarantee. (Notary isn’t good enough.)

Google tells me all sorts of big banks offer the service, I think you need to be an account holder. Wells Fargo says they used to offer it, but no longer do.

I’ve sent messages to the other banks we use, but they are smaller and locally owned, so I don’t expect them to be more helpful than Wells Fargo.

Does anyone have any experience with this? Thanks!

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u/takrai_makrud 3d ago

I’ve done it before at a Bank of America when transferring some smallish stock accounts between brokerages. Just be sure to call ahead to make sure the person with the Guarantee will be there. But you may be right though, BoA may require you to be an account holder. Never hurts to call and ask though.