A Medallion guarantee form for Chase Bank is a crucial document required for the verification and transfer of securities, such as stocks, bonds, or mutual funds. This guarantee form ensures that the individual(s) initiating the transfer of these financial assets are the legitimate owners and have the necessary authority to carry out such transactions. The Medallion guarantee form acts as a protective measure against fraud and serves as an official stamp or seal of approval from an eligible financial institution. Chase Bank, being one of the recognized Medallion guarantee program participants, offers this service to its customers. There are three types of Medallion guarantee forms provided by Chase Bank: 1. Medallion Signature Guarantee: This is the standard form for individuals who require a guarantee for the transfer or sale of securities. It is commonly used for the transfer of assets between family members, gifting securities, or when changing ownership due to inheritance. 2. Stock Power Medallion Guarantee: This specific form is utilized when an individual needs to transfer ownership of stocks. It is commonly required in situations such as gifting stock shares or transferring stock ownership as part of a legal process, such as divorce settlements or estate planning. 3. Securities Transfer Agent Medallion Program: Also known as STAMP, this Medallion guarantee form is used for high-value or substantial transfers of securities. It enables investors to transfer assets when dealing with larger sums of money or intricate financial transactions. Obtaining a Medallion guarantee form at Chase Bank requires individuals to be account holders and provide appropriate identification and documentation to verify their legal ownership or authority. It is advisable to contact Chase Bank's customer service or visit a branch to gather specific information and guidelines regarding the Medallion guarantee form process.
Stock Transfer Form J10
Category:
State:
Multi-State
Control #:
US-02828BG
Format:
Word;
Rich Text
Instant download
Description Transfer Stock
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.
