Anonymous
Anonymous asked in Games & RecreationGambling · 2 weeks ago

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!

4 Answers

Relevance
  • 2 weeks ago

    They can deposit it wherever they want.

  • Mark
    Lv 6
    2 weeks ago

    Yes, but just like a bank it's only insured up to $250K.

  • 2 weeks ago

    you need to ask your bank this question

  • 2 weeks ago

    Yes, of course you can deposit it into your credit union account

    Source(s): Source - not an idiot
Still have questions? Get your answers by asking now.