Banks That Do Medallion Stamp?

John19
  |     |   9 posts since 2022

Late to the I bond party, I haven't been able to get a Medallion Stamp to verify my account. Tried Wells Fargo, Chase, Union Bank with no luck. Can't use Bank of America either. Any suggestions?



Answers
AhorrarDinero
  |     |   15 posts since 2019
Try credit unions, I found a small credit union that would do it but required I open an account. They did not make me open an account and wait for 6 month like most large banks.
Rickny
  |     |   271 posts since 2017
I have used Chase. Do you have an account with Chase? They will only do it for customers.
John19
  |     |   9 posts since 2022
Called Chase and they told me they don't do that even if I opened an account, very surprising. Wells is my brick/mortar and they also said no. Every time I went the tellers or managers had no idea what Treasury Direct is. A very nasty hoop to jump through to be sure.
Rickny
  |     |   271 posts since 2017
A teller stamp will suffice if you are trying to open a Treasury Direct account. Chase did that for me a few years ago. They would not do a medallion to open a Treasury Direct account. I was able to create a TD account online fory wife 2 months ago.

About 2 years ago Chase did a medallion guarantee for my wife so she could add me as a joint owner to a stock. Chase Support on Twitter: "@luvlylaos Yes, there are employees at each branch that can perform a Medallion Signature Guarantee for Chase customersbr/ You need a longstanding relationship with Chase for them to do a medallion.
RickZ
  |     |   124 posts since 2010
Following-up on Rickny's comment that a bank signature guarantee stamp will suffice: https://www.treasurydirect.gov/indiv/research/sigcert.htm
alan1
  |     |   684 posts since 2015
Thank you, RickZ, for providing the URL for TreasuryDirect's "Signature Verification" info sheet at the TreasuryDirect Research Center.
https://www.treasurydirect.gov/indiv/research/sigcert.htm

TreasuryDirect has a list of savings bond forms, with links, at https://www.treasurydirect.gov/indiv/forms/forms_SavingsBonds.htm

A person looking for info re a particular form can click on the link and view the form.

For example, there's FS Form 5444, "TreasuryDirect® Account Authorization". That form is at https://www.treasurydirect.gov/pdf/rs/acctauth.pdf

A medallion guarantee is acceptable for submission of FS Form 5444, but it is not required.
see "Acceptable seals and stamps" at page 2 of PDF at https://www.treasurydirect.gov/pdf/rs/acctauth.pdf
GregoryG
  |     |   42 posts since 2022
Which products at TD require a medallion stamp? I have several offerings there and have never needed one.
Sylvia
  |     |   335 posts since 2012
The stamp is used for verifying your identity when something keeps TD from automatically setting up your account. As currently configured, process for changing bank also requires stamp.
John19
  |     |   9 posts since 2022
That seems really bad, considering what i'm going through. I live in a small town in California so the bank can be a long drive. They really need to update their website, it's so bad it looks fake. I set it up with Wells supposed to fund the account but I can't get a signature stamp from them, so I might have to change it twice! And no tellers or managers seem to know what they're doing. That could be a nightmare.
Sylvia
  |     |   335 posts since 2012
The stamp can be from any bank, not necessarily the one that funds account. I got mine from a community bank where I maintain a rarely used checking account. It’s not the account I designated for TD funding. The branch manager was very easygoing about it. He didn’t ask about my relationship status with his bank; I’m not certain it mattered. It’s what I expected as the bank, being very visible in the community, takes pride in its service.

From what I’ve heard about others’ experience, I suggest starting with banks where you have a relationship, as the stamp is considered an accommodation. It helps if they have dealings with stock and/or bond transactions.

Call first before heading to bank. Not all have the stamp or are knowledgeable about it. Once you zero in on the right individual, an appointment may be necessary.

Also, note that some banks can be very strict about relationships they recognize, and duration of same. I’ve heard of folks who were turned away at time of appointment because they had the wrong products or weren’t with the bank long enough. Be clear that you meet bank’s criteria so you don’t waste a trip.

You mentioned B of A. According to its site, “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),” https://www.bankofamerica.com/signature-services/medallion-signature-guarantee/ .

Good luck!
John19
  |     |   9 posts since 2022
Thanks to you and everybody for good advice.
bobert456
  |     |   12 posts since 2022
I have found this to be a confusing item for many financial institutions. Not many do it, and others know little about. I was able to find a regional office of Wells Fargo that confirmed they do it, but only with an appointment at select branches. I have found a few CU that do, and I do think CHASE does it by appointment.

They have to check internally on who has the authority, and sometime have to send over the "stamp" to be used .... so it can be difficult. I think many brokerage houses have it for customers as well.
me1004
  |     |   1,090 posts since 2010
It has been ma\ny eyars since Ineeded aMedalliion signautre guarantee. I had gogten it at differnet banks, they wee all free with my account there. It is mostly the big banks, but I do recall I got it at a small one too. It would be helpful if you let us know where you are talking of, it gives an idea of whether to mention the smaller bank over on the corner. :)

I just googled for you, and here is a list of major banks offering it for you -- Well is on it, but it specifies only at certain locations (I have been telling everyone since the late 1990s to never do any business with Wells). It says the is even a way to get it online,alhtohg I dont see how if for no other reason than they can't stamp your document:

https://esignatureguarantee.com/faq/where-to-get-a-medallion-signature-guarantee

There are many more, but try googling. I see even FedEx Employees Credit Union offers it, or other credit unioins, or a broker or other financial firm:

https://fecca.com/invest-medallion-signature-guarantee/

OK here you go, a searchable Web page to find Medalion signature guaranttee via state, city and ZIP code:

http://www.msglookup.com/search.html
jack12
  |     |   92 posts since 2021
I just went to the last link you provided and I get a blank page on 2 different browsers
But down for everyone says its just me
me1004
  |     |   1,090 posts since 2010
I just checked that link. It works fine for me, gives the page to search by state, city and ZIP code.
jack12
  |     |   92 posts since 2021
i continue to get a blank white page

Good thing I have no need for one
Sylvia
  |     |   335 posts since 2012
jack12, the page worked for me, using Safari browser. Try first clearing your browser.

The directory is not complete as the big community bank where I got my form stamped with medallion, is not included. I tested search tool, using both participant name and zip codes where bank has locations, all yielded nothing.
Ally6770
  |     |   3,105 posts since 2010
I also have Safari, use private browsing and it showed 6 places in my small city including the bank where I worked. Worked best if I just put the city without the state or zip code. It would say that they found none until I just put the city in.
Sylvia
  |     |   335 posts since 2012
I do get names, lots of them, too, just not of the community bank where I know the service is provided.
jack12
  |     |   92 posts since 2021
Fidelity will do them for customers
And I would imagine Schwab
Choice
  |     |   657 posts since 2020
You really don't need a guarantee. If you can envision the stamp the bank puts on paper savings bond when they are redeemed...that works
me1004
  |     |   1,090 posts since 2010
Choice, you need the Medallion signature guarantee if the place you are dealing with requires it. Many will not accept anything else.
MidAtlantic
  |     |   127 posts since 2012
When I went through this, about 10 months ago, the TD form clearly stated that a "bank stamp" was sufficient and that it did not need a Medallion signature guarantee. I got it done at a Wells Fargo branch with no problem.
John19
  |     |   9 posts since 2022
Wow. I have Wells and they wouldn't do it, they actually told me to go to BofA. Probably stupid employees at that branch, but if it's causing this much problems it might not be worth it. Especially if I have to go through this again sometime...I want my damn I bond!
Choice
  |     |   657 posts since 2020
Thanks but TD does not require a guarantee as we know guarantees
deplorable_1
  |     |   409 posts since 2020
I have had this done at both Chase and BoA for free. I was a customer of both institutions and had to call and make an appointment first. I'm not sure if all the locations will do it though you have to call around and ask.
Infinityy
  |     |   57 posts since 2020
A judge or clerk of any US court (federal / state) can stamp the I-Bond form
Infinityy
  |     |   57 posts since 2020
I was mistaken here, the form does need to be completed by an employee of a financial institution
sharon907
  |     |   19 posts since 2022
Actually read the form, to determine what type of stamp is required. Call your bank or credit union and ask them if they can do it. They can read the form also. A corporate stamp was sufficient for a change of bank information.
Ally6770
  |     |   3,105 posts since 2010
I worked in a pretty small city that had 7 banks and credit unions but our branch even with the few employees had 3 people who were authorized to do medallion signatures. It is not that uncommon. I believe even the broker in our branch did it and would be the 4th person.
rockies
  |     |   87 posts since 2018
Wells Fargo did for me, but I am a customer and had to make appointment. Just another data point.
Ally6770
  |     |   3,105 posts since 2010
Credit unions and broker dealers also can provide you with the medallion stamp.


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