Put it in his pocket and walk to the next branch over? What exactly do you expect to happen?

He can make that trip a thousand times and never encounter any issues. Whether there’s a 1M check in his pocket is immaterial.

And I'm curious whatever came out of the fraud investigation at Chase. I mean, there was some fraudster who had control of a well known startup's bank account (granted, the older one) and moving six-figure amounts out of it regularly, what in the world happened?

Four-figure ("thousands of dollars out every few weeks"), presumably specifically to avoid tripping any automated checks on moving over $10k.

But yeah, it's still kind of mind-boggling that they could do this for apparently years without anyone noticing. And not just on Chase's side: how do you not notice that the money customers claim to be paying you is not actually landing in your main bank account?

Typically when buying a house the down payment is either a wire or cashiers check. I did a cashiers check, just drove right from the bank to the title and escrow company.

Manhattan Beach is a nice city. The median for SFH is close to 4 million.

I wanna know how he managed to initiate a wire for $35MM online (and approximately 100% of account balance), presumably to a brand new recipient, and only got a single phone call and the wire request wasn't rejected. Maybe things have changed, but my experience now is that I'd have to go into a branch to do that wire, and I'd probably get the normal verification call plus another from the account manager.

Yeah, I also this as weird.

I opened a new account and ACHed $25k into it which triggered all sorts of "fraud alerts" and put my money in limbo for days. Ended up having to get on a three way conference call for the transfer to go through.