Top Uses for a Signature Guarantee

A signature guarantee is a specific type of signature verification used to help identify a person involved in a transaction.  It has much in common with a notary public, with some important differences.  A signature guarantee is required in several types of transactions, such as securities transfers, account maintenance, and miscellaneous actions.

Signature guarantee in securities transfers

When transferring stocks, mutual funds, or other financial instruments to an outside account, it is common for the sending institution to require a signature guarantee for the account owner(s) attempting to transfer the securities to an outside account.  This is done to protect the sending firm against fraud.
Most financial institutions that require a signature guarantee will also have authorized.agents who can issue a signature guarantee.  If you can provide the requirements for a signature guarantee, this agent will affix a signature guarantee stamp to the document or form.  It is important to note that a signature guarantee is different from a notary public.

Signature Guarantee for Account Maintenance

A signature guarantee is often required by financial institutions to perform certain account updates, such as closing an account, removing an account holder, etc.  Usually it is at the institution's discretion to require a signature guarantee, a notary, or simply a signature for various transactions.
A signature guarantee can sometimes be required for other miscellaneous transactions when a party wishes to have an increased level of security through signature verification.