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  Home >> Checks/Money Orders >> Checks You Received  
What to do with a Lump Sum Check for 1M

I've just been wondering. I started playing the Powerball Lottery game, and have been thinking about what I would do when I do win this big lump sum of money. When I win the lotto, do I just go to my bank and deposit it like I would with any other checks? I'd like to share my money with friends and family, so I was wondering if writing a check for a million dollars is valid or are there some fancy steps you have to take? I'd like to know ahead of time just in case this does happen to me.


We love your optimism. The lottery would likely wire the funds, but could issue you a check if you opt for a lump sum payment. Your bank would accept and process the check like any other of that size.

Published on BankingQuestions.com 1/19/10