So… If I won £85,000,000 in the euromillions, how would one even go about keeping that? I’ve always wondered. .
If a bank is only protected up to £85,000 then I get that, if you’ve got say £200,000, you can just have 3 accounts, but wouldn’t keeping £85m in the natwest risks losing £84,915,000, if they ever went bump?
So would I have to have 100 separate accounts?
Or are there special accounts for millionaires? Like David Beckham or JK Rowling?
Or does his 75 billion dollars mean that Bill Gates would have to have nearly nine hundred thousand separate banking apps on his phone?
I’m not sure this will EVER affect me personally!
But I still wondered.
(I do understand, when using examples like Bill Gates, that his net worth is not simply the amount of cash he has… I’m just using it as an example… Thanks.)