What kind of bank account do I need to deposit a check of $10 million / $100 million / $1 billion dollars?

If you suddenly have a check for $10 Million Dollars - $1 Billion Dollars. What kind of bank account do you need for this level of cash? I hardly believe a common checking or savings account will suffice.

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Are you helping the Prince of Nigeria free his money up and he's giving you a cut from it isn't he?

thots & prayers
 

Common checking is actually suffice, as the most I've ever seen in a checking was slightly 100mm. Though, you would never put it in one checking because FDIC only insures about 250K. Unless you own a business, someone who has that kind of money would diversify it, maybe to different banks, high yields saving, CDs and etc.

Chances are if you go to a retail bank to open a checking account, I guarantee they will get their FA to bombard you with their investment products.

 

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