how do you make a large bank deposit: $1,000,000plus?

Answer 1

That's a really good problem to have!

The short answer is that people who make such deposits and have such accounts use a private bank and the bank arranges the details for you.

(Most name banks have a private bank, but if you have to ask you can't afford it )

Answer 2

Wow, quite a problem! If you have a bank account already you should go in to the manager and discuss the pending deposit. The best way to make that type of deposit is to have a bank wire transfer done, but with the size you will want to have given the manager a heads up that it is coming.

You might want to look into some offshore options like a Panamanian Foundation, the attorneys at www.offshore-protection.com can assist if you choose that option. There are certain requirement if you are a US citizen so be sure you discuss your options/requirements.

You might also want to speak with them to see if they can recommend a reputable financial advisor so you can invest your funds securely in CD's or other safe investments.

Oh, what a nice problem to have! Best of luck to you.

Answer 3

First, be sure you haven't succumbed to a scam. Second, be aware that most accounts in the U.S. are only insured up to $100,000. That means, you'd have to open 10 different accounts to accomodate all the money and have it insured. Select at least three large, secure banks in your area. Go to the bank and explain to the manager what you plan to do. Follow the advice you receive. You'll want to vary the investments, for instance, by selecting Money Market and Certificates of Deposit accounts, invest some in a Roth IRA, etc. The banker will give you quite a few options.

Answer 4

Not a problem just put it on the deposit slip, they may put a hold on it if you don't normally deposit that much. My deposit slips have room for 99,999,999.99 for the company account. You could also wire transfer the money.

Answer 5

First if you are in the USA be aware of the sign on the door
FDIC insured to 250,000.00 so right away you could lose 750,000.00 if something happens to the bank ,like FORECLOSURES on homes causing them to file bankruptcy protection. Second your gonna lose 30% on taxes immediately and more come Dec31 when you file taxes 20% or more.
You put it in a IRA you cant touch it. till 65 (probably 75 if Clinton is elected).
ERGO... for your moneys sake you need a lawyer or CPA to be an advisor to where to put it (where it can still be yours) and keep the IRS pocket pickers out of it. There fee will be less then your tax penalties so you will still win .

Answer 6

give it to me and i'll go make the deposit for you

Answer 7

Sure thing

Answer 8

I was wondering much the same thing