Medallion Signature Guarantee
A Medallion Signature Guarantee confirms your identity, signature and legal authority to transfer securities and investments. This service is available to clients of both Walden Savings Bank and Walden Investment Services.
When is a Medallion Signature Guarantee needed?
Some common reasons you may require a Medallion Signature Guarantee
- Moving securities to a new account (for example transferring a 401(k) after switching jobs)
- Giving securities as a gift (such as transferring shares of stock to a child or donating them to a nonprofit)
- The owner of the securities has died and ownership needs to transfer to a court-appointed representative
The fee for this service is tiered and will be based upon the transaction amount to which the Signature Guarantee is being applied.
- $0.00 - $99,999.99 = $50.00
- $100,000.00 - $499,999.99 = $75.00
- $500,000.00 - $1,000,000.00 = $100.00
A Medallion Signature Guarantee must be completed in person because it confirms your identity, signature and legal authority to transfer securities. In order to protect your assets, certain documentation is required to approve medallion requests.
This service is available at our Corporate Office only, located at 15 Scott's Corners Drive, Montgomery, NY.
Appointments are encouraged to ensure an authorized member of our team is available to assist you. To make arrangements to have a Medallion Signature Guarantee performed please Contact Us today.
