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-   -   Large deposit (https://www.askmehelpdesk.com/showthread.php?t=173900)

  • Jan 18, 2008, 12:34 PM
    Bryan Rodgers
    Large deposit
    Is there a limit to the amount one can place into a regular bank. If so, where else can one deposit a large sum. $1,000,000.00+ ?
  • Jan 18, 2008, 12:57 PM
    kp2171
    Not an expert in this field

    Most banks are FDIC insured for only 100,000 for the typical account.

    If you have this kind of money, you need to talk to a financial planner that specializes in protecting wealth.

    I have never, ever felt like the money I gave a good financial planner was money wasted, and I know I've always been steered toward options that I wouldn't have thought about.

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