Necessary Documents for a Signature Guarantee

It is very common when executing a complex financial transaction for the bank or mortgage company to require a signature guarantee along with all of the other paperwork. A signature guarantee helps verify your identity as part of the financial process.  It gives the financial institution additional confidence that the signature is genuine.  Since many people are unfamiliar with this type of transaction, here are a few items you will need to bring along with you to your bank.

Identification

Your financial institution will require multiple forms of identification.   This may vary from one financial institution to another, but typically a government-issued photo identification will be one form of acceptable identification.  A valid passport may also be acceptable.  Issuers of signature guarantees usually require an identification that also has a signature.  This identification is used to match you with your signature.

Account Information

Bring your account information.  This will quickly help the agent identify you as a member of the financial institution (if you seek a signature guarantee from an institution where you currently do business).  The agent will likely need information such as your account number and type of account.

Signature Guarantee Paperwork

You will need to fill out the required paperwork to execute your signature guarantee or medallion signature guarantee.  Most institutions will require you to fill out a series of paperwork.  Some make this available online.  It can expedite the process to print this out ahead of time and fill it out before arriving at the office.  However, since you need to sign the document in the presence of the agent, many institutions will require you to fill the paperwork out at the office.

Set a Time

Once you are prepared, it is wise to set up an appointment at your financial institution.  Only highly qualified employees are able to execute a signature guarantee.  It is important to note that a signature guarantee is not the same as a notary public and carries a higher level of scrutiny.  Verify with your financial institution that your local branch has a qualified agent and that this agent will be available when you want to execute your paperwork.