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New York
Financial Institution Enrollees STAMP Bond

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Coverage Amount: $10,000 - $10,000,000
Term Length: 1 year
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New York Financial Institution STAMP Bond Guide

Bond Overview

  • Purpose: To guarantee the authenticity of signatures on securities transfer
  • Who Needs It: Financial institutions in a NYSE Medallion Signature Program Indemnity Agreement
  • Regulating Body: Kemark Financial Services, Inc.
  • Required Coverage: Based on gross assets, starting at $10,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a New York Financial Institution Enrollees STAMP Bond?

A New York financial institution enrollees STAMP bond is required for financial institutions participating in the New York Stock Exchange (NYSE) Medallion Signature Program.

STAMP stands for Securities Transfer Agent Medallion Program. This bond ensures that banks and other institutions have financial liability if fraudulent signatures appear on securities transfers.

How Much Do STAMP Bonds Cost in New York?

New York financial institution enrollees STAMP bonds cost a small percentage of the required bond amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$10,000-$10,000,000Financial Institution Enrollees STAMP BondBond amount based on gross assets

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a New York STAMP Bond? 

The Kemark Financial Services, Inc. requires this bond for participants in the New York Stock Exchange Medallion Signature Program Indemnity Agreement to guarantee the authenticity of signatures on securities transfer.

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get bonded. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with Kemark Financial Services, Inc. as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a New York Financial Institution Enrollee Bond Work? 

A financial institution enrollees STAMP bond creates a legal contract between three parties: 

  1. Principal: You, the New York Stock Exchange Medallion Signature Program Indemnity Agreement participant  filing the bond
  2. Obligee: The Kemark Financial Services, Inc. requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the indemnity agreement. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your STAMP bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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