Medallion Guarantee Form For Wells Fargo Bank

• Category: Corporations - Shareholders and Stock
• State: Multi-State
• Control #: US-02828BG
• Format: Word; Rich Text

Description wells fargo medallion signature guarantee form

Often, as part of the stock transfer process, the Assignor is required to obtain a Medallion Signature Guarantee from an institution that belongs to the Medallion Stamp Program. The Medallion program ensures that the individual signing the form is in fact the registered owner or authorized representative. This process enables any U.S. financial institution that belongs to the Medallion Stamp Program to provide medallion signature guarantees. Such institutions include banks, credit unions, savings and loans and U.S. brokerages. Please note a Notary Public certification is not acceptable for this purpose.

The Medallion guarantee form, also known as a Medallion signature guarantee, is an important document provided by Wells Fargo Bank that ensures the authenticity and validity of a signature during transactions involving securities. This form is primarily used in cases where securities are being transferred or sold, such as stock certificates, mutual funds, or bond transactions. Wells Fargo Bank offers two main types of Medallion guarantee forms: the Medallion Signature Guarantee Program (MSGR) and the Securities Transfer Agents Medallion Program (STAMP). Both of these programs provide the necessary assurance to third-party financial institutions that the signature on the document is genuine and verifies the identity of the individual or entity involved in the transaction. The Medallion Signature Guarantee Program (MSGR) is specifically designed for individual investors, providing coverage for transactions involving domestic stocks and bonds, as well as mutual fund shares. It offers three levels of coverage: the Medallion level, the Gold Medallion level, and the Two-Step Level. The Securities Transfer Agents Medallion Program (STAMP), on the other hand, is primarily intended for corporations and institutional investors. STAMP provides coverage for both domestic and international transactions involving publicly-traded equities and bonds. To obtain a Medallion guarantee form from Wells Fargo Bank, customers are required to have an active account with the bank and provide the necessary documentation. This typically includes the original securities certificate or document, a valid government-issued identification, and proof of ownership or entitlement to the securities. By securing a Medallion guarantee from Wells Fargo Bank, customers can confidently complete financial transactions involving securities with other financial institutions, knowing that their signatures have been verified and validated. The Medallion guarantee form provides an added layer of security and helps prevent fraudulent activities in the transfer or sale of securities. In summary, the Medallion guarantee form for Wells Fargo Bank is a vital document that ensures the authenticity and validity of signatures during transactions involving securities. Wells Fargo offers two main types of Medallion guarantee forms: the Medallion Signature Guarantee Program (MSGR) for individual investors and the Securities Transfer Agents Medallion Program (STAMP) for corporations and institutional investors. Obtaining a Medallion guarantee form from Wells Fargo Bank provides customers with confidence and security when conducting transactions involving securities.