Since nobody had won the PCSO Grand 6/55 Lotto jackpot with the massive 700 Million Pesos plus estimated jackpot for Nov. 29, 2010 Monday draw, it’s nice to talk about that huge pot money. Times like this people are dreaming what to do after just incase they’ve won the big prize.
Last time we blog about ‘Tips When You Win the Lotto Jackpot’. Some looks it useful but some are not. In this case it is your own discretion what to do with your own huge amount of money. Isn’t?
And about claiming the jackpot prize, PCSO always says that you can get it all tax free. And I think PCSO will not give the whole bunch of money in cash, for sure they will issue cross check payable to the name of the winner not cash as what others thinking.
So there is no need to think how would you cash deposit? That large amount of money in different banks after you claimed.
Just deposit the check and withdraw some cash whenever you want. Because big amount checks cannot be in-cash to any bank without reservation due to bank credit limit for insurance. So just deposit the check, deposit!