If a very large corporation had like over $700 million+ usd in dividends, what kind of bank/financial institution might this kind of money be deposited in assuming that the dividends belonged to a very small group of people like 3-4 and this small party gave their consent for all of this money to wind up in the same bank account? Would there be any kind of bank/financial institution that could absorb this amount of money and also insure it at the same time like FDIC? Im scratching my head here trying to figure this one out?
Dividends in bank
- Thread starter santosg
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It's for you to prove the source until they are satisfied.
Let's assume you invested in crypto early and brought 1M coins for $0.01 each 10 teny years ago. Those coins are now worth $100.
So your coins are now worth $100M.
now you have a way to cash them out but little to no evidence of when you bought them.
The bank are going to want to satisfy themselves of the legitimacy of your coins.
Once you can do that you will be afforded all the services of the bank as you are a VVIP customer.
If you can't find somebody that can.
Let's assume you invested in crypto early and brought 1M coins for $0.01 each 10 teny years ago. Those coins are now worth $100.
So your coins are now worth $100M.
now you have a way to cash them out but little to no evidence of when you bought them.
The bank are going to want to satisfy themselves of the legitimacy of your coins.
Once you can do that you will be afforded all the services of the bank as you are a VVIP customer.
If you can't find somebody that can.
I discussed this before.︀ These sort of entities park their $700m dividends in short term US treasury bills or︁ Cash liquidity funds like JP Morgans Cash Liquidity Fund before deciding what to do with︂ it. A US treasury bond only has liability to the US government and can be︃ bought directly via US Treasury Direct even.
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