What is a gold medallion signature gaurantee?

Answer 1

Gold medallion signature guaranteeA gold medallion signature guarantee is a method of proving that a signature is valid. It is somewhat like getting your signature notarized, except that there are fewer places that can give a medallion signature guarantee and the liability (if the signature turns out to be invalid) of the institution giving the guarantee is greater than for a notary.

If you need to get a medallion signature guarantee to validate your own signature, many banks and securities firms offer the service.

You can try your Federal Credit Union, if you are a member of one, that is where I got mine. Be prepared for the process to take a bit longer than an ordinary notarization.

Medallion signature guarantees are normally only available at banks, you must have a signature card on file with the bank in order for the signature to be verified.

Answer 2

Gold Medallion Signature Gaurantee is a step up from a notarized signature. The person or institution signing gaurantees not only the information on the document is true and you are who you say you are but also accepts liability for signature forgery. It is used for stock transfers and other security transfers and sales.