I have a $50,000 life insurance check written from State Street of Boston.Will
their bank(or a branch)cash it? I don't have an account with State Street Bank. But I thought you could bring a check to the issuing bank and they have to cash it. Does that only apply to checks written for under a certain amount?
I'm in Michigan, but willing to fly to State Street of Boston, though there are closer locations to me. Will a branch of their bank cash my large check?
Anyone know the laws on cashing large checks? Is there a mandatory holding period? I thought about getting a large portion of the $50,000 issued to me in smaller cashier's checks, money orders, or traveller's checks -- in order to reduce the amount they give me back as cash (if necessary). Even some Visa Gift Cards would work.
Any advice, please let me know!
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