I am sending a bank a completed Signature Medallion Guarantee Stamp form that includes wiring instructions. I need to add a note to this form to explain a few things. Should I sign and date this note or signing/dating this additional note is not required?
Don't you have to sign in person in their presence? I thought that was the whole point that they'd witness the signature to authenticate it as not a forgery. Mailing the form seems to defeat the whole purpose.
Don't you have to sign in person in their presence? I thought that was the whole point that they'd witness the signature to authenticate it as not a forgery. Mailing the form seems to defeat the whole purpose. It works similar to notarizing documents. You sign it at a bank (for example, thats where i got one anyway), in person. They stamp it guaranteeing you signed it and accepting some (?) liability if there is fraud. Then you mail it to the broker. The stamp has an ID#/transaction number on it.
The guarantee can be (is usually? ) from a different party than where the documents are sent.
OK so I reread the OP and he said its a "completed" signature guarantee form. So I'm taking it that the form has already been signed and stamped with the medallion guarantee. Now OP wants to add something to the form?
jerosen said: OK so I reread the OP and he said its a "completed" signature guarantee form. So I'm taking it that the form has already been signed and stamped with the medallion guarantee. Now OP wants to add something to the form? I am not adding or changing anything in the stamped form. I am explaining or adding some notes like why I am not attaching a voided check because wire routing number in the form is not the same as the routing number on the check (which is for ACH only). The form says attach a voided check and I try to avoid confusion by explaining this. Information on my check is only good for ACH transfers but won't work for wires. Attaching a voided check makes sense only if ACH and wire routing numbers are the same (and there is no For Further Credit other than the account number).
So the form already has space for wiring instructions and that is filled out, it sounds like? If they want a voided check so badly, I'd give them a voided check. And I'd make sure the entire MICR line was totally obliterated with a big black marker. Malicious compliance and all that.
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