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Question? How does one deposit $550 million in the Bank?

Topic closed. 80 replies. Last post 3 years ago by ttech10.

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JackpotWanna's avatar - squiz

United States
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Posted: December 14, 2013, 8:23 am - IP Logged

How does one deposit $550 million in the bank?  Is there a special bank that can handle that amount?

    Artist77's avatar - batman14

    United States
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    Posted: December 14, 2013, 8:44 am - IP Logged

    How does one deposit $550 million in the bank?  Is there a special bank that can handle that amount?

    Banks can handle that amount but I would go with a big bank like Wells Fargo. Look up CDARS.

    J'aime La France.

      savagegoose's avatar - ProfilePho
      adelaide sa
      Australia
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      April 11, 2006
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      Posted: December 14, 2013, 8:46 am - IP Logged

      bags of nickles

      2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

      keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

        Saylorgirl's avatar - Lottery-065.jpg
        Indiana
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        Posted: December 14, 2013, 8:47 am - IP Logged

        How does one deposit $550 million in the bank?  Is there a special bank that can handle that amount?

        Whatever you do don't try and put that big oversized check in the tube at the drive up window.  It is really hard to roll it up small enough!!

          FLATRANSPLANT's avatar - yocco
          South Florida
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          Posted: December 14, 2013, 8:48 am - IP Logged

          How does one deposit $550 million in the bank?  Is there a special bank that can handle that amount?

          You set up a trust with your lawyer and put the money in a private bank....8-)

            JackpotWanna's avatar - squiz

            United States
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            Posted: December 14, 2013, 8:48 am - IP Logged

            Whatever you do don't try and put that big oversized check in the tube at the drive up window.  It is really hard to roll it up small enough!!

            lol

              Slick Nick's avatar - Lottery-035.jpg
              Rochester
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              Posted: December 14, 2013, 9:11 am - IP Logged

              You can't post that amount in 1 bank due to federal reserve insurance laws. In New York I think they only insure up to  $125,000 per account. You would have to get several bank accounts  to deposit all that money. But when you win that much you invest in IRA's, bonds, and other things. Plus most people would need and get a financial advisor.  Smash

              Money is a terrible master, but a great servant...Smile

                JonnyBgood07's avatar - Patriots logo1.jpg
                Connecticut
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                Posted: December 14, 2013, 9:14 am - IP Logged

                How does one deposit $550 million in the bank?  Is there a special bank that can handle that amount?

                How does one deposit $550 million in the bank?

                same way the cartels and the mafia do it  lol

                "No matter how bad things may get, I'd like to thank my middle finger

                for always sticking up for me.."

                 


                  Greg2117's avatar - Lottery-035.jpg
                  New York
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                  Posted: December 14, 2013, 9:36 am - IP Logged

                  You wouldn't even be getting back close to that amount if you ever win $550 million. So u don't have to worry about that.

                    helpmewin's avatar - dandy
                    u$a
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                    Posted: December 14, 2013, 9:57 am - IP Logged

                    You can't post that amount in 1 bank due to federal reserve insurance laws. In New York I think they only insure up to  $125,000 per account. You would have to get several bank accounts  to deposit all that money. But when you win that much you invest in IRA's, bonds, and other things. Plus most people would need and get a financial advisor.  Smash

                    I Agree!

                    Let it Snow Snowman

                      SergeM's avatar - slow icon.png
                      Economy class
                      Belgium
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                      Posted: December 14, 2013, 10:28 am - IP Logged

                      How does one deposit $550 million in the bank?  Is there a special bank that can handle that amount?

                      "If you deposit the money, how are you going to retrieve it later?"

                        SergeM's avatar - slow icon.png
                        Economy class
                        Belgium
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                        Posted: December 14, 2013, 10:31 am - IP Logged

                        "If you deposit the money, how are you going to retrieve it later?"

                        "The bank goes bankrupt.
                        The CEO took the cash as payment.
                        Employees loose their job, life insurance and pension,
                        bank customers get nothing.
                        The CEO runs free with the cash."

                          Coin Toss's avatar - shape barbed.jpg
                          Zeta Reticuli Star System
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                          Posted: December 14, 2013, 10:36 am - IP Logged

                          The Vatican Bank might go for it.

                          Scared

                          Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                          Lep

                          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                            chipp's avatar - starwars26
                            Illinois
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                            Posted: December 14, 2013, 10:43 am - IP Logged

                            Build your own bank with a big vault Big Grin

                              Slick Nick's avatar - Lottery-035.jpg
                              Rochester
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                              Posted: December 14, 2013, 10:44 am - IP Logged

                              Thumbs Up

                              Money is a terrible master, but a great servant...Smile