What is a Signature Guarantee Medallion Stamp?
A “signature guarantee,” also called a medallion signature guarantee, means a written guarantee of a signature by a financial institution, confirming the identity of the individual signing the document. A signature guarantee is a stamp provided by a financial institution that verifies a signature. The shareholder will sign their request letter and have the signature guaranteed by an eligible guarantor institution such as a commercial bank, trust company, security broker or dealer, credit union, or a savings association participating in the Medallion Signature Guarantee Program approved by the Securities Transfer Association, Inc. Certain types of transactions at Parnassus require a signature guarantee: • a redemption check sent to an address that is not the address of record or has not been on our records for at least 30 days; • redemption proceeds sent to a bank account that is not the original bank account of record; • a redemption check made payable to someone other than the named a
