Say you won the lottery

[Alkesh]

my bank gives me looks for depositing more than 1k at a time....

 

[shortylickens]

Swiss bank account.

 

[her209]

You're welcome to deposit it into my account.

 

[compnovice]

Send it to me and I could paypal you....wait are you a nigerian scammer?

 

[jonessoda]

Ask to speak to the highest-ranking person at your branch. Make an appointment if necessary.

 

[MX2]

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

They do

Switch banks.

 

[BlancoNino]

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

??? Better not ever get a middle-class job then, because if you get payed twice a month, they will be around 1 or 2 grand.

 

[Cdubneeddeal]

I would deposit it in fragments in various banks. FDIC is $50,000 insurance? Boy..I don't think there's enough banks here.

 

[kevinthenerd]

conservative mutual fund? Taxes would suck, though.

 

[kevinthenerd]

Tell you what... we can cross that bridge when we get to it. (Treasury bonds won't be a bad idea either, although you might want to choose a different country.)

 

[Alkesh]

Originally posted by: BlancoNino

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

??? Better not ever get a middle-class job then, because if you get payed twice a month, they will be around 1 or 2 grand.

It's because i bring it into the bank in a canvas bag with big "$$$$" all over it.

 

[Ayah]

I just would deposit at my normal bank.

 

[laurenlex]

Grand Cayman Islands, FTW.

 

[hjo3]

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

Is it in the ghetto or something?

 

[Dr. Detroit]

Cayman Islands FTW!

 

[Conky]

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

I believe I would suffer through the dirty looks that one time.

 

[DrPizza]

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

wtf is it weird to deposit more than 1k at a time?? Some of us (who have made it out of puberty, out of college, and into the real world)) earn well in excess of 1k per paycheck. It's a pretty normal sized deposit.

 

[Ronstang]

I would simply hand it to my investment brokerage to hold until I decided exactly how to invest.

 

[DaWhim]

citibank or BofA. they are so called "too big to fail". your money will be safe.

 

[everman]

I've probably take it to a guy I know in private banking. Although he says that lottery winners do not make good clients, they don't know how to handle money and end up throwing it all away.

 

[middlehead]

Originally posted by: Cdubneeddeal
I would deposit it in fragments in various banks. FDIC is $50,000 insurance? Boy..I don't think there's enough banks here.

It's more than 50k, but I can't remember exactly. I'm thinking 100k.

Edit - Yeah, it's $100,000. 100,000 "of initial deposit," so if you drop in 100k and then let it build interest for a year and the bank goes under, you get your 100k back but not any of the accrued interest.
Or slightly worse, if you drop in 75000 and the bank fails after interest brings you up to 110k, you only get that initial 75k.

 

[drinkmorejava]

I thought FDIC was $100,000. Anyway, to put more than a few 100k away would be dumb. You get a portfolio manger and let them deal with. And yeah, to deposit very large amounts just ask to speak to the manager or arrange a meeting with a higher-up.

 

[tjaisv]

Originally posted by: hjo3

Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....

Is it in the ghetto or something?

Yeah really. What bank do you go to that does this???

 

[Pacfanweb]

Originally posted by: everman
I've probably take it to a guy I know in private banking. Although he says that lottery winners do not make good clients, they don't know how to handle money and end up throwing it all away.

Oh yeah, and I'm sure one banker has handled lots of lottery winners in his career. :roll:

 

[Pacfanweb]

Originally posted by: laurenlex
Grand Cayman Islands, FTW.

Dominican Republic, FTW.