What is Medallion Guarantee – Who Needs This in the UK

A Medallion Guarantee is a special form of certification used to verify the authenticity of a signature on certain financial documents. It is most commonly required when transferring or selling securities such as shares or bonds held with institutions based outside the UK, particularly in the United States. Unlike a standard notarisation, this guarantee confirms both the signer’s identity and their legal authority to sign.

·         The primary purpose of a Medallion Guarantee is fraud prevention.

·         Financial institutions rely on it to ensure that assets are not transferred without proper authorisation.

·         The stamp places financial liability on the guarantor

This guarantee is only issued by approved banks or financial organisations that are part of recognised Medallion programmes.

Who Typically Needs a Medallion Guarantee?

In the UK, individuals usually need a Medallion Guarantee when dealing with US-based shares, inherited securities, or investment accounts held abroad. Executors handling international estates, beneficiaries of overseas investments, and investors transferring ownership of foreign securities are the most common applicants. It is rarely required for purely UK-based assets.

Medallion Guarantee vs Notary Public

A common misconception is that a notary public can replace a Medallion Guarantee. In reality, they serve different purposes. A notary verifies identity and witnesses signatures, while a Medallion Guarantee confirms ownership rights and accepts financial responsibility. Many overseas institutions will reject documents if a Medallion stamp is missing.

Key Challenges in the UK

Obtaining a Medallion Guarantee in the UK can be challenging due to limited providers and strict verification requirements. Applicants must often present detailed documentation, including proof of identity, asset ownership, and legal authority.

IWC Probate Services helps in Getting Medallion guarantee

IWC Probate Services helps in getting a Medallion guarantee by guiding clients through every step of the process. From reviewing documents to coordinating with recognised institutions, they simplify what is often a complex and time-consuming requirement. Their expertise is especially valuable for probate matters involving overseas assets, ensuring documents meet strict international standards while reducing delays and stress for clients managing important financial transfers.