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+--- Thread: "medallion guarantee" (/thread-1425.html)
"medallion guarantee" - jaybreak - 03-20-2024
Thought I would pose this question to my fellow believers here, in case any of you have experienced this in the past.
Anyone ever gone through the trouble of attaining a "medallion guarantee" stamp for financial documents? Usually they are for transfers of funds...something like an approval from a notary public, but at a higher level. Usually only banks or other financial institution can do them. Without going into details, I've been having trouble getting a document stamped. Reading some things online, they are sometimes given out "at the pleasure" of the institution, depending on the manager and probably other things I'm not aware of. Weird situation to be in the middle of.
RE: "medallion guarantee" - Ed Hurst - 03-20-2024
Never heard of it. I’m not surprised such a thing exists, and I’m also not surprised it’s obscure and difficult to get. I should think it’s the kind of thing some insider would be able to tell you, so I’ll pray that the Lord leads you to one.
RE: "medallion guarantee" - forrealone - 03-21-2024
Yeah, my bank provides that should I want to transfer stocks etc. They know me, of course, but the stamp is a higher level of acknowledging that I am who I say I am and that I am the bearer of those stocks, documents, etc.
RE: "medallion guarantee" - jaybreak - 03-23-2024
(03-21-2024, 10:06 AM)forrealone Wrote: Yeah, my bank provides that should I want to transfer stocks etc. They know me, of course, but the stamp is a higher level of acknowledging that I am who I say I am and that I am the bearer of those stocks, documents, etc.
See, your situation makes sense to me, but not so with my bank...at least the branch I went to. I've been a customer there for a while, AND I'm an employee. Not sure what else they would need from me.
I went a different branch for a "second opinion," and they seemed more willing. The documents are in processing now, so we'll see next week.