5 Million Dollars????

Question

If I was handed the opportunity to have 5 Million dollars, how would I cash it out? Would the bank allow me to have that amount of money in my account?

Answer 1

You would have to in person go to the bank... and probably show a few forms of identification... I'm not sure why you would want to put 5 million dollars in ONE bank, since most banks are only insured by the FDIC for $100,000.  If the bank you put 5 million into went bankrupt, or something happened you would lose everything, but that 100,000.  So one bank account is stupid... and cashing a 5 million dollar check and walking around with a few sacks of money probably isnt smart either...

Answer 2

Any bank would be delighted to have that much in an account.

Cash it out??  I don't understand...

And, yes, it would be best to spread that much money out across several investments and accounts.

Answer 3

I'd spread it out. Several eggs in several baskets

Answer 4

when you get 5 mil, call me. I'll help you invest it..