Will there be a hold on a large gift sent to my account?
A family member is gifting me a little over 10k for a down payment on a home I am in the process of purchasing. I have never been sent this much money and I am concerned that there will be a hold on the money, which could slow down the purchasing of the home. I tried to look it up on the FAQ but I don't think I'm using the proper search terms because nothing is coming up.
What's the best way to have them send the money to me?
Will there be a hold on the money, and if so, how long?
Thank you! I love that there's a subreddit for this.