Say you won the lottery

Toggle sidebar Toggle sidebar
J

jonessoda

Golden Member
Aug 3, 2005
1,407
1
0
Ask to speak to the highest-ranking person at your branch. Make an appointment if necessary.
 
B

BlancoNino

Diamond Member
Oct 31, 2005
5,695
0
0
Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....
Click to expand...

??? 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

Cdubneeddeal

Diamond Member
Oct 22, 2003
7,473
3
81
I would deposit it in fragments in various banks. FDIC is $50,000 insurance? Boy..I don't think there's enough banks here.
 
K

kevinthenerd

Platinum Member
Jun 27, 2002
2,908
0
76
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.)
 
A

Alkesh

Golden Member
Jul 21, 2005
1,391
1
0
Originally posted by: BlancoNino
Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....
Click to expand...

??? 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.
Click to expand...

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

Conky

Lifer
May 9, 2001
10,709
0
0
Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....
Click to expand...
I believe I would suffer through the dirty looks that one time. ;)

 
DrPizza

DrPizza

Administrator Elite Member Goat Whisperer
Mar 5, 2001
49,601
167
111
www.slatebrookfarm.com
Originally posted by: Alkesh
my bank gives me looks for depositing more than 1k at a time....
Click to expand...

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.
 
R

Ronstang

Lifer
Jul 8, 2000
12,493
18
81
I would simply hand it to my investment brokerage to hold until I decided exactly how to invest.
 
E

everman

Lifer
Nov 5, 2002
11,288
1
0
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

middlehead

Diamond Member
Jul 11, 2004
4,573
2
81
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.
Click to expand...
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

drinkmorejava

Diamond Member
Jun 24, 2004
3,567
7
81
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.
 
P

Pacfanweb

Lifer
Jan 2, 2000
13,155
59
91
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.
Click to expand...
Oh yeah, and I'm sure one banker has handled lots of lottery winners in his career. :roll:
 
You must log in or register to reply here.

TRENDING THREADS

COMPANY
RESOURCES
FOLLOW
Top Bottom