If someone wins the lottery, can they deposit their check into their credit union savings account or do they need a bank savings account?
Banks and credit unions do have some differences. That being said, if someone wins the lottery, can they deposit their big lottery check into their credit union savings account or do they need a bank savings account to deposit it in? Please provide credible sources to and with your answers!
- MarkLv 68 months agoFavorite Answer
Yes, but just like a bank it's only insured up to $250K.
- SlickterpLv 78 months ago
They can deposit it wherever they want.
- Pearl LLv 78 months ago
you need to ask your bank this question
- Mark IXLv 78 months ago
Yes, of course you can deposit it into your credit union accountSource(s): Source - not an idiot