Sep 11, 2016 · The exception is if you go to the bank the check is drawn on. But even then, I doubt they'll cash a $2M dollar check. Can you deposit a $2M dollar check? Most definitely. How long will 2 millions dollars check to be cash? Depends on your bank's policies, relationship with you, and the origination of the check.

Do research and know what bank you are going to deposit the money in. Talk to the bank let them know of your plans so they can be ready for it. It is not every day that they get a 20 million dollar deposit. They will need to make plans to handle it. If you are going to spread the money out among several banks they can prepare for that too.

May 21, 2010 · Many businesses will request that you get a bank-issued check for large amounts of money. The exception is often in cases where you're not going anywhere: you can write a 50,000 check for a deposit on a new house, and you'll never have a problem, but a car dealer will probably request a counter check for the same sum.

Mar 20, 2017 · Now suppose you have 1 million dollars in other assets. In the insured case, we always end the year with 1.98 million dollars, regardless of if the disaster happens. In the non-insured case, 99% of the time we have 2 million dollars, and 1% of the time we have 1 million dollars. We want to maximize the expected log value of our worth.

The last time I tried to cash a payroll check (not a personal check), drawn from BoA, at BoA, when I did not hold an account there, they were going to charge me. I would have gotten cash immediately, but I opted not to pay their fee. I don't remember the fee, and it's been about 5 years, so things may have changed.

I have been an attorney for 30 years, and we learned this in class. It is valid to write a check without words, but if someone alters the check, the bank is off the hook because you in essence helped the scammer. Always think about who you're writing the check to. For example, the phone or electric company isn't going to alter the numbers to ...

To store $1 million in a bank with full FDIC insurance currently requires 4 separate bank accounts, each at 250k. It's not that difficult, particularly if you are married and your spouse can have 2 in his/her name. (This is dependent on the FDIC limit; they raised it to 250k after the 2008 crash).

Nov 30, 2015 · @littleadv Well if you knew it was forged, sure. But I was more thinking if either: (A) you suspected something might be off, so you wanted to go to the bank it was written from so that you wouldn't get burned if it was (assuming said bank would only cash it if it were legit), or (B) you, in good faith, believed everything was completely above-board, but you happen to not have a bank account ...

Jan 28, 2022 · If you give $50k, you owe no taxes, but you have to report them. $16k can be counted for the yearly person-to-person exemption. The other $34k goes towards your $11 million lifetime exemption (actually $11.58 million for 2020). If you give 3 people $4 million each, then 3 x $3,984,000 goes towards your lifetime exemption. –

I have a check for $2500.00 written to me. The longhand is written "twenty-five hundred" instead of the standard "two thousand five hundred".