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    Bryan Rodgers's Avatar
    Bryan Rodgers Posts: 1, Reputation: 1
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    #1

    Jan 18, 2008, 12:34 PM
    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+ ?
    kp2171's Avatar
    kp2171 Posts: 5,318, Reputation: 1612
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    #2

    Jan 18, 2008, 12:57 PM
    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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