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#33099 - 09/17/02 06:30 PM Signature Guarantee
Lu Offline
Platinum Poster
Joined: Apr 2002
Posts: 597
We now have a signature guarantee (Medallion Guarantee)stamp. What kind of controls and procedures do other banks have in place? Of course the stamp would be under lock and key. Do you only have it available to designated employees and do you keep a list of when it is used and what form of id was obtained?
Thank you
_________________________
"If you only laugh and enjoy life when your problems are all solved, you'll never enjoy life."

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Audit
#33100 - 09/17/02 07:51 PM Re: Signature Guarantee
Tina A Sweet Offline
Diamond Poster
Tina A Sweet
Joined: Aug 2001
Posts: 1,033
Marysville, Ca.
I have procedures I would like to send to you. Can you please provide your email?
_________________________
Tina A Sweet-Williams
AVP Special Assets
mailto:tsweet@goldcountrynb.com

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#33101 - 09/17/02 08:01 PM Re: Signature Guarantee
Lu Offline
Platinum Poster
Joined: Apr 2002
Posts: 597
Thank you very much, Tina!
lfries@plantersbank-ky.com
_________________________
"If you only laugh and enjoy life when your problems are all solved, you'll never enjoy life."

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#33102 - 11/06/02 04:55 PM Re: Signature Guarantee
Anonymous
Unregistered

Hi Tina, I just read your thread about the Medallion Stamp and am trying to figure out what we are doing at our bank with this also. It appears it is used on more occasions than was intended. Could I be priviledged to your procedures as well? Thanks deeb@thestatebank.com

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