Deposit Signature License For Free

We provide medallion services free of charge for Bank of America or Merrill clients who have been with us for at least 6 months (if you're a Merrill or Private Bank client, please contact your Advisor for assistance).

If you write ?for deposit only? on the back of a check made out to you and then sign your name, the check can only be deposited in your account. This is called a ?restrictive indorsement,? and it should prevent you or any other person from cashing the check.

?For Mobile Deposit Only? must be written legibly below your signature. Unfortunately, if you deposit a check through our mobile app without a signature or this endorsement, the check may be rejected and the deposit will be removed from your account.

To do it, write ?Pay to the order of? in the top line of the endorsement section, then print the name of the person you're signing the check over to on the next line. Finally, sign your name on the third line. Then, give the other person the check so that they can cash or deposit it with their bank.

Generally, the bank or credit union will likely either not accept the check or return it to you. You will have to get the person who gave you the check to sign it before you can cash it.

The cost of a Medallion Signature Guarantee ranges from $50 for a $100,000 guarantee from a credit union to $75 from a bank, and it roughly doubles from there; for example, if you are transferring $200,000 in stocks, bonds, or other securities, you should pay around $100 for the Medallion Signature Guarantee.

The cost of a Medallion Signature Guarantee ranges from $50 for a $100,000 guarantee from a credit union to $75 from a bank, and it roughly doubles from there; for example, if you are transferring $200,000 in stocks, bonds, or other securities, you should pay around $100 for the Medallion Signature Guarantee.