Re:Companies and Billionaires
by ChuckMcM on Tuesday September 20, 2016 @11:11AM
(#12540101)
There isn't anything different really different in the transfer, as both the buyer and the seller have their own banks, the buyer tells his bank to send the funds to the seller's bank, it does, and the seller hands him the jet. Bank to bank transfers can easily be 10's of millions and hundreds of millions per transfer.
As for security, once you get to a couple of hundred thousand dollars in a bank they will generally assign you your own account manager and you can work out security restrictions with them. Generally you won't be doing a lot of "online banking" with those accounts but I could imagine people do. If you have a lot of money they probably would call your accountant to verify the transfer prior to enacting it if it didn't come directly from them.
As for security, once you get to a couple of hundred thousand dollars in a bank they will generally assign you your own account manager and you can work out security restrictions with them. Generally you won't be doing a lot of "online banking" with those accounts but I could imagine people do. If you have a lot of money they probably would call your accountant to verify the transfer prior to enacting it if it didn't come directly from them.