How do you get a medallion signature guarantee in Canada?

Answer:

Answer

Go to your local bank and ask them specifically for the Medallion signature stamp.


I guess the above answer must have been provided by a non-Canadian..........
After 2 days of web-searching and phone calls to financial institutions i finally found 1 person in the Estate Department of Royal Bank (RBC) who had any knowledge of this program. However, they said it is only available in Toronto or Vancouver so far.
(as of Aug. 2008)

Follow up confirmed that the Medallion program is NOT available at my RBC,
but IS available through RBC Dominion Securities ..... but ONLY in Toronto or
Vancouver .... and you must be 'known' to them (be their customer, i think that means).

FYI.... The Medallion Signature Guarantee Program is 'licenced' by Kemark Financial Services, NY (www.kemark.com) (KFS@kemark.com) and simply put it means the stamp provider accepts full financial responsibility for all value$ if the party 'guaranteed' should ever be proven fraudulent. Since it was originated for the 'securities and commodites' business, this could mean a transaction in the millions.
I guess it is somewhat understandable therefore that 'they' make it so difficult to obtain. Still, where does that leave us 'ordinary honest citizens' who need to cash in the shares held by a deceased relative ????

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First answer by ID1135715721. Last edit by BetaMaster. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 12 [recommend question].