Medallion Stamp Help

I lived almost your same nightmare 18 months ago. I used e-signature guarantee. Google it. It was an easy although several step process. It is all done online by the uploading and scanning of documents.

I completed the process with approvals and everything in about 3 weeks.

They are legit and is a firm out of NY.

Any of the larger banks are almost impossible. I was a Chase customer for 35+ years and it did not matter, they would not even listen. Smaller banks are another possible option but I stopped when I found the E-Sig group.

The only way I was able to get it done was Fidelity has a physical office in Little Rock and I have a Fidelity account. The guy didn't know me and he did it in less than five minutes. This was after months of b.s. and run around from BOA for an IBond worth less than the money we had at BOA. I could have kicked myself for not going to Fidelity from the start. So if you have a broker or financial advisor locally, try them.

My credit union did mine in Huntsville, AL.

Thanks everyone for the tips.

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They explain why so difficult, is because the bank who provides the stamp is on the Hook if anything goes wrong.

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Most people seeking a medallion stamp have a misunderstanding of what they are. Many people think it's just like a notary seal for securities, but it's not. I can walk into a notary's office with a piece of paper that says "I'm the King of England" and they'll check my ID, watch me sign it and put the seal on it. They're not verifying that I'm the king of England, they're just verifying my identity and my signature.

Medallion stamps guarantee the totality of the transaction. They guarantee you are who you say you are. They guarantee you have the legal right to sign the documents that you are signing. They guarantee that the deceased is actually deceased and is the true owner of the security in question. They guarantee that the terms of any wills, estates, judgements, etc. are being followed. For some transactions it's simple, but for many it can be quite complex. If they screw anything up anywhere and get sued then they're on the hook for the totality of the transaction. They're a huge PITA that come with significant risk while providing zero upside (unless the assets in question aren't being re-invested with that financial institution, which they frequently aren't). Taken from that lens it's no wonder why few banks want to deal with them and take on that risk for no profit.