Author Topic: Help - Need Medallion Signature  (Read 2010 times)

Fatmouse

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Help - Need Medallion Signature
« on: November 29, 2014, 08:52:00 AM »
Hello Mustachians!

I am transferring my investments to Vanguard.  As part of the process, I decided to open a joint account with my husband at Vanguard.  At my old brokerage, I held these assets individually.

I got a Medallion signature to verify my signature at my local brick and mortar bank, no problem.  But we need a Medallion signature for my husband too.

Which options will work for him?
Option 1:  Waiting a month, and getting the signature at a brick and mortar bank that he still has an account with "back home", when we go visit his family for Christmas.  (Are there any problems with waiting a month to complete the tranfer?  Does it have to be done in a certain number of days?)
Option 2:  We bank online with Ally.  Does anyone know if they have a partnership with any entities that will provide this service?
Option 3:  My husband has retirement accounts with Fidelity through his employer.  Will a Fidelity investment center consider him a customer, and be willing to provide a Medallion signature? There are two locations within a few miles of us.

We started this transfer process in early November, and we really feel stuck on this.  Any advice is much appreciated!

exstrax

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Re: Help - Need Medallion Signature
« Reply #1 on: November 29, 2014, 10:29:41 AM »
Not all banks participate in the program. I was doing some estate work with my family, called a few local banks, and Citizens Bank said "come on in, we can do it now".  I'm not 100% sure they even checked to see if we had an account. They were really awesome about it.  Took about 10 minutes.

MDM

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Re: Help - Need Medallion Signature
« Reply #2 on: November 29, 2014, 12:30:30 PM »
As exstrax said, "it doesn't hurt to call."  I'd start with Fidelity for the reason you mentioned.  A local credit union is another option (and the one that we use).