|Posted: May 23, 2009, 1:30 am - IP Logged|
Greetings LP fans!
I was asked by an acquaintance who's visiting my folks from abroad (Philippines), whom I've encouraged to buy some lottery tickets just for the heck of it. He asked me optimistically what if he wins the upcoming Powerball jackpot ($192 million annuity; $74,850,000 cash (Pennsylvania) as of this writing); but since he's just a visiting tourist and not a US resident, would the lottery officials ask him to open a US bank account (if tourists are allowed) to transfer the money or would they just wire it to his bank account back into his country? He also added that he's only got 1 bank account back home, which is a savings account.
With that huge amount of money (if he ever wins), won't there be any amount limitations by which a savings account can hold? Will his local bank allow such huge amount in his savings account?
If everything falls in his favor, he'll definitely never forget this US vacation of his...
Thanks for your time guys!
"Whoever saves one life, saves the world entire" - Oskar Schindler