I know that banks have strict guidelines to abide by when you a making large deposits. I have never made a deposit this big or even close but I am going to be depositing over 1.3 million in a bank account. I have nothing to hide and can provide any documentation requested by can someone help me with what kind of form I need for this to happen?
2006-12-05 16:11:45 · 8 answers · asked by montanamike 2 in Business & Finance ➔ Personal Finance
How much does a bank typically charge for a wire transfer of this size?
2006-12-05 16:37:39 · update #1
The bank will provide the forms. They're the ones under the legal obligation to give you the forms.
2006-12-05 16:19:44 · answer #1 · answered by hawkthree 6 · 1⤊ 1⤋
It depends on how your doing the deposit.
I would recommend a wire transfer for that large amount of money. If it is a check I would recommend two forms of ID and a contact number for some with the issuer's bank who can verify that the check is legitimate. If someone was to bring that check to me I'd want to make sure that the check was real and not a joke.
Another recommendation is call ahead to the bank that your taking the check to to find out any other special instructions they have.
Also know that the funds are NOT going to be made available the same day unless its a wire transfer.
2006-12-05 16:23:26 · answer #2 · answered by crazy_in_lov 2 · 1⤊ 0⤋
The bank is required by law to records deposits over $10,000. If this is a legitimate insurance settlement, you have nothing to worry about. If you are in any doubt about the source of the funds, don't spend it for a week or so. If the check is bogus, the bank will want the money back. Grandpa
2016-05-22 23:12:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go to Swiss bank, they never asked anything....as long as the cash comes in, they'll be just fine..
2006-12-05 16:22:39 · answer #4 · answered by mtryfena 3 · 1⤊ 1⤋
the bank will take care of any forms,, as you will be a preferred customer,, any depoist over $10000.00 is reported to the goverment,,, and you will have to prove where you got this money... guarntee
2006-12-09 19:19:52 · answer #5 · answered by RED WHITE AND BLUE 4 · 0⤊ 1⤋
you should deposit half and invest the rest by funding start-up companies,i'm looking for a private investor to fund my start-up entertainment company,i'll tell you more if you're willing to invest.
2006-12-05 16:20:14 · answer #6 · answered by bond007 2 · 0⤊ 1⤋
A DEPOSIT SLIP FOR my bank account???!! :)
2006-12-11 12:55:31 · answer #7 · answered by justme 2 · 0⤊ 1⤋
they will want to call the source of the check to verify it is legit
2006-12-05 16:19:27 · answer #8 · answered by Anonymous · 1⤊ 0⤋