So the context of this post is I (Account A) and My Mom (Account B), have a shared and/or Checkings account (Account C) with BDO. So we opened a checkings account as to easily facilitate large transfers between our accounts if needed as advised by our manager friend from BDO since Checkings account will be easier for both of us to monitor and use at the same time.
We were told any amount that exceeds 500k can be transfered between own BDO accounts.
Let's say if my Mom has a sale of land and the money is put in C, and then I get my share that she already told me lets say for example if we sold the land for 10m, I get 4m from Account C to A, and she moves 6m from C to B. Will there be a problem with that?
We were told any amount that exceeds 500k can be transfered between own BDO accounts.
Let's say if my Mom has a sale of land and the money is put in C, and then I get my share that she already told me lets say for example if we sold the land for 10m, I get 4m from Account C to A, and she moves 6m from C to B. Will there be a problem with that?