The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Fatmouse on November 29, 2014, 08:52:00 AM
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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!
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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.
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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).