New answers tagged cash
10
is there a danger of the family getting embroiled in a money laundering investigation
It is perfectly OK to deal in cash, so long as it is legitimate.
Unfortunately, the fact is it is possible "questions will be asked".† It is extremely unlikely, but, possible.
IF "questions are asked" you are totally, completely, absolutely, 100% in ...
3
Typically a wire transfer is used to move a large amount from a bank to an escrow agent. The escrow agent should have no problem receiving wire transfers from several banks, as long as they’re all received by the deadline. Wire transfers are generally processed within a few hours if they’re requested in the morning, and next day if requested late in the ...
0
You can have up to $500,000 insured by FDIC in a single joint account ($250K per owner).
FDIC is also not your only option. Some banks are also members of DIF (http://difxs.com), which ensures desposits above and beyond what FDIC covers. It is private insurance, rather than being backed by the federal government, but just as mhoran_psprep points out the low ...
2
They don't want cash. And they don't want a personal check. So they will want cashiers checks. They shouldn't have a problem with 4 of them, but let them know in advance.
The biggest problem will be coordinating getting 4 checks from 4 different financial institutions. I would call them to make sure it can be done on your schedule. This is especially true ...
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