Bank of America provides medallion services free of charge for Bank of America Private Bank, or Merrill Investment clients who have been with us for at least 6 months (if you're a Merrill or Private Bank client, please contact your Advisor for assistance).
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A medallion signature guarantee must be completed in person because it confirms your identity, signature and legal authority to transfer securities. In order to protect your assets, certain documentation is required to approve medallion requests.
Bank of America does not provide medallion signature guarantees for assets you're transferring out of a Bank of America or Merrill account (guarantees are typically provided by a third party not involved in the transfer or by the firm receiving the assets).
These documents are provided by the firm to which assets (not subject to probate) are to be transferred and disbursed to designated beneficiary or beneficiaries upon death of the account holder
To obtain this form, please consult your personal legal counsel.
This form is provided by Bank of America. It includes a summary of the trust and identifies the owner(s) of the assets listed.
Letters Testamentary are issued by the court/court clerk and appoint a personal representative. Letters must be received within 60 days of original issuance by the court (6 months in New York).
Small Estate Affidavits are used to obtain a decedent's assets without formal administration. Not all states offer Small Estate Affidavits and filing requirements may be different (contact your local courthouse for specific filing requirements).
To obtain either of these forms, please consult your personal legal counsel.
What is a medallion signature guarantee?
A medallion signature guarantee is a special stamp that’s used when you transfer securities. It confirms that the signature authorizing the transfer is genuine and that the signer has the legal capacity and authority to sign the document.
Can I get a medallion signature guarantee from Bank of America?
Yes. Medallion Services for account maintenance, or the transfer of securities held in accounts outside of Bank of America or Merrill, are available. Please note: Each signer must be a Bank of America or Merrill client for at least 6 months.
If you are a Merrill Lynch Wealth Management or Bank of America Private Bank client, please contact your Advisor for assistance.
What types of documents do I need to provide to get a medallion signature guarantee?
All medallion requests require you to provide a valid government-issued photo ID, the document or documents being stamped and supporting documents (which vary depending on the request type). For complete details, please select your specific needselect your specific needselect your specific need for a medallion to see a complete list of documents you’ll need.
What steps are involved in getting a medallion signature guarantee?
Step 1. Meet with a Bank of America financial center associate to discuss your needs and begin the request. Please bring all the supporting documentation with you. All clients requesting the service must be present to sign.
Step 2. Your request and a copy of your signed documents are submitted to a Bank of America medallion signature guarantee specialist (for your protection, a specialist handles all medallion signature guarantee requests for the transfer of securities from a non-Bank of America or Merrill account).
Step 3. The medallion signature guarantee specialist will review the request (in most cases, a review takes no longer than 2 business days after we receive all documents; complex cases may take up to 5 business days). The specialist will provide email status updates and let you know if any additional documents are needed. If additional documents are required, you can scan and email them to BankofAmericaMSGsupport@ML.comBankofAmericaMSGsupport@ML.comBankofAmericaMSGsupport@ML.com (please include your case number in the subject line) or bring them to a financial center.
Step 4. Once approved, your stamped document will be mailed to you via an overnight carrier (you will have the option to require a signature at delivery). Select financial centers with a medallion signature guarantee stamp on site may be able to provide stamped documents on the same day if all required documents are provided at the time your request is made (speak to a financial center manager to find out if on-site stamps are available in your area).
How long does it take to get a medallion signature guarantee?
In most cases, a review takes no longer than 2 business days after we receive all documents; complex cases may take up to 5 business days. Select financial centers with a medallion signature guarantee stamp on site may be able to provide stamped documents on the same day if all required documents are provided at the time your request is made (speak to a financial center manager to find out if on-site stamps are available in your area).
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