"Serena Williams once tried to deposit a $1 million check at her bank’s drive-through. Here’s why you can’t do that."

"Serena Williams once tried to deposit a $1 million check at her bank’s drive-through. Here’s why you can’t do that."

July 11, 2024 MarketWatch

When it comes to depositing a windfall of cash, it’s often more complicated than simply going to the bank..

Our Chief Financial Officer and wealth advisor, Kevin Manning, CFP®, says that policies regarding how to handle large sums vary from institution to institution, but it is best to contact your bank ahead of the deposit. This is not only best for the individual, but will also help in building a relationship with your bank.

Read more on Kevin’s thoughts regarding depositing large sums of money in a recent MarketWatch article.

Article HERE