Medallion Signature Guarantee
First National Bank provides the service of medallion signature guarantee to our customers for the purpose of security transfers. The transaction dollar limit for signature guarantee service is $250,000 per transaction. There is a $35 fee for each guarantee; this fee is necessary due to the complex nature of the paperwork and liability involved in the transaction.
Medallion Signature Guarantee Requirements:
- Must be a bank customer with a significant deposit or loan relationship of 12 months or longer.
- Photo identification of authorized signer(s) – driver’s license or passport
- Proof of Transaction Value & Proof of Ownership – most current statement (mutual fund/broker statement showing # of shares, stock certificate)
- $35 Fee - check or debit to First National Bank account
Documents must be signed in the presence of the guarantor with all owners present. Additional documentation may be requested depending upon the nature of the transaction including certified power of attorney, death certificate, or probate letters of appointment.
Documentation will be copied or original supporting documentation retained depending upon the nature of the transfer. First National Bank as a licensed guarantor is required to maintain a file for all guarantees performed.
Medallion Signature Guarantee Service is available by appointment. Please call the Main Office, 515-663-3037 to schedule an appointment.