If someone makes an awful lot of money selling shares (not me)........?
If most high street banks will only allow a deposit of £2M. What does such a person do with a cheque for £100M? How will he get his money?
- D.E.B.S.Lv 72 months agoFavourite answer
People buy and sell shares through brokerage firms. Those firms act as banks as well. If a large sale is made, the money gets dispersed directly to their account within the brokerage firm. Any limits on the amount one can deposit at one time would not be relevant.
- Anonymous2 months ago
What the hell are you talking about?