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Money and Finances
Reply to "Large cashier’s check "
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[quote=Anonymous][quote=Anonymous]I would want to hand it directly to someone who is putting it in my account. I would never mail it. If it's really close to $1million, you may not be able to transfer it all in one transaction. Some banks limit how large a transfer can be so you may need to divide it into multiple transactions. You may also want to split it between different banks/accounts to ensure FDIC coverage.[/quote] I’ve never heard of such a restriction. I move between banks in business accounts about $10M per day and in personal accounts a few million a month. I have relationships with 9 different banks ranging from institutional to credit unions to community banks. [/quote]
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