Re:Mark Cuban Had Millions at Silicon Valley Bank
by ChancyChance on Sunday March 12, 2023 @10:45PM
(#35130294)
If I run a company that has a payroll of millions, where do I keep that cash until I can issue all the checks? It's not like I'm going to sell a bunch of bonds every two weeks to meet payroll. I'll never have to worry about this, but with the tiny bit I've learned in the few days... now I'm curious to understand how large amounts of cash are kept on hand for situations like this.
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Re:Mark Cuban Had Millions at Silicon Valley Bank
by yial on Monday March 13, 2023 @01:17AM
(#35131409)
Off the top of my head:
MaxSafe - https://www.wintrust.com/business-solutions/mid-market/banki...
A cash management account - https://www.forbes.com/advisor/banking/what-is-a-cash-manage...
Or
Many banks participate in IntraFi