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I Bonds - Treasury Direct form 5444 updated
Posted on 7/31/22 at 5:47 pm
Posted on 7/31/22 at 5:47 pm
For those who couldn't complete online enrollment at Treasury Direct and had to fill out form 5444 which required a signature guarantee stamp from a bank. The Treasury just updated the form so that a notary stamp is now accepted.
This should fix the problem alot of people were having with banks not wanting to provide a signature guarantee.
https://www.treasurydirect.gov/pdf/rs/acctauth.pdf
This should fix the problem alot of people were having with banks not wanting to provide a signature guarantee.
https://www.treasurydirect.gov/pdf/rs/acctauth.pdf
2
Posted on 7/31/22 at 6:06 pm to gpburdell
Those MFer just denied mine monday with notary
On old form
On old form
This post was edited on 7/31/22 at 6:14 pm
Posted on 8/1/22 at 8:04 am to thelawnwranglers
quote:
Those MFer just denied mine monday with notary On old form
That sucks, but most big banks and brokerage firms will stamp them if you’re a client. I’m not sure where people are running into trouble.
Posted on 8/1/22 at 11:24 am to gpburdell
My bank put a medallion stamp on it - it took Treasury 6 weeks to process it
Posted on 8/1/22 at 12:50 pm to slackster
quote:
That sucks, but most big banks and brokerage firms will stamp them if you’re a client. I’m not sure where people are running into trouble.
Fidelity and Chase wouldn't
Posted on 8/1/22 at 1:18 pm to thelawnwranglers
quote:
Fidelity and Chase wouldn't
Did they specify a reason?
Signature medallion guarantees are funky. Some places will do it but only if the money is being transferred into the institution. It’s effectively a ton of liability for the firm that stamps it, so I get the hesitation.
Glad there is another option available now.
Posted on 8/1/22 at 6:44 pm to slackster
quote:
It’s effectively a ton of liability for the firm that stamps it, so I get the hesitation.
Basically their corporate risk wouldn't allow
Posted on 8/2/22 at 11:16 am to thelawnwranglers
Chase bank did it for me in May.
The form is strictly to verify that you are who you say you are. What is the liability?
The form is strictly to verify that you are who you say you are. What is the liability?
Posted on 8/2/22 at 12:49 pm to GulfCoastPoke
quote:
Chase bank did it for me in May.
The form is strictly to verify that you are who you say you are. What is the liability?
Accidentally down vote
Yeah agreed what is risk?
In regards to chase my business probably isn't worth it. Checking account pay bills keep $1k there.
That said the should have taken notary for ever
Posted on 8/2/22 at 2:09 pm to thelawnwranglers
quote:
Yeah agreed what is risk?
A medallion signature guarantee is basically saying if you’re not who you say you are, and/or if you’re not actually entitled to this money, the stamper takes on all of the liability for any damages that may occur.
For example, if you send a transfer form to Computershare alleging that John Doe has died and you’re the heir of his 100,000 shares of XOM, and computershare will give you the money if it’s stamped and John Doe’s information is accurate.
Different stamps have different liability limits that are backed by surety bonds purchased through Mercer.
I know some institutions that are incredibly lenient and will hand them out, but it’s usually only done until they get burned.
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