🔺 r/BankinguDependent-Leopard971·61 days ago
Deciding on a bank to use for a very large check deposit
With a very large check deposit (fully legal source of funds) well above FDIC coverage limits, I understand there would be a wait period for the check to clear. A check of this nature would need to be deposited in person is my understanding, by way of an appointment at the local bank branch and a meeting with a banker or just a teller walk-up? Would a regiontal bank vs a national brokerage bank account offer any more or less friction in terms of wait time (assuming both banks have substantial account history, though not at amounts of a sudden large check). Are there some banks where large deposits high 6 figures or even 7 figures are just routine? submitted by /u/Dependent-Leopard971 to r/Banking [link] [comments]