Anonymous
Anonymous asked in Games & RecreationGambling · 8 months 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

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  • Mark
    Lv 6
    8 months ago
    Favorite Answer

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

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  • 8 months ago

    They can deposit it wherever they want.

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  • 8 months ago

    you need to ask your bank this question

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  • 8 months ago

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

    Source(s): Source - not an idiot
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