Q: I had an account with fidelity my uncle gave me a check it was an overpayment for his car payment I deposited it into my
Account they gave me $500 but then another bank of mine was taking money so I told them not to let them will they freeze my fidelity account and now there's $800 in the account identity has closed my account and will not give me my money without a medallion notary I cannot get a medallion notary because I do not have a bank establishment Fidelity was them what do I do if you close my account and they have my money and won't give it back
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- Nevada
- (702) 463-4900
- View Profile
- Answered
A:
In situations where a bank like Fidelity requires a medallion signature guarantee, it's typically for added security in certain financial transactions. If Fidelity won't release your funds without this guarantee, consider the following steps: First, gather all relevant documentation and communications. Reach out to Fidelity for clarity on the closure and the steps to access your funds. Even if you don't have a current banking relationship, other financial institutions or brokerages you're associated with might assist with the medallion guarantee. If the bank remains uncooperative, a consultation with a Nevada banking attorney might be beneficial. You can also consider filing a complaint with the Consumer Financial Protection Bureau or the Nevada Division of Financial Institutions if you believe Fidelity acted inappropriately. Always ensure the legitimacy of any transactions to prevent further complications.
For personalized legal advice tailored to your unique circumstances, it's advisable to consult with an attorney.
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