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Deposits
To deposit stock certificates in your Meridian Safe Bank Invest account,
complete a stock power form (PDF) and submit it
along with the stock certificate. Make sure you don't sign
the back of the stock certificate. For your security, we
recommend sending certificates by overnight delivery or with
a return receipt requested.
Regular Mail:
Meridian Safe Bank Invest
P.O. Box 30248
Charlotte, NC 28230
Stock certificates may not be used for an initial deposit for
a new account. All stock certificates must be in negotiable
form. The stock certificate must be titled the same as your
Meridian Safe Bank Invest account. Meridian Safe Bank Invest reserves the right to
return
any stock certificate if it’s determined to be
non-negotiable. For this reason, don’t sign the back of the
certificate. Stock certificates incur a $300 processing
charge per certificate. In addition, commission on stock
certificates deposited into Meridian Safe Bank Invest will be equal to 5%
of the principal amount of the trade. Be sure to include a
personal or bank check made payable to Meridian Safe Bank Invest along
with
each certificate for processing.
Personal checks take 3 business days to clear for trading
from the day of posting. Cashier checks are available for
trading as soon as we receive and post them.
Keep in mind, the name on the check must match the
registration on the Meridian Safe Bank Invest account. We don’t accept
third party deposits (checks payable to Meridian Safe Bank Invest from
non-account holders or checks where a recipient makes an
endorsement over to Meridian Safe Bank Invest). We also don’t accept money
orders or starter checks.
Mail your deposits to:
Meridian Safe Bank Invest
P.O. Box 30248
Charlotte, NC 28230
No, Meridian Safe Bank Invest doesn’t currently offer checks or debit
cards,
but you can open an Meridian Safe Bank UnionInterest
Checking Account, which comes with free checks and a debit
card.
