The amount of money you can transfer to your son's account depends on several factors, including:
- Your bank's policies: Each bank has its own limits on how much money you can transfer per day, week, or month.
- Your account type: Some accounts have higher transfer limits than others.
- Your son's bank's policies: His bank may also have limits on how much money can be deposited into his account.
- Anti-money laundering regulations: There are limits on how much money you can transfer internationally to prevent money laundering.
To find out the specific limits for your situation, you should contact your bank. They can tell you about any daily, weekly, or monthly limits on transfers, as well as any other restrictions.
You can also check your bank's website for information about transfer limits.
Example:
Let's say you have a checking account with Bank A and your son has a savings account with Bank B. Bank A's daily transfer limit is $5,000, while Bank B's daily deposit limit is $10,000. In this case, you could transfer up to $5,000 per day to your son's account.
Note: It's important to be aware of any fees associated with transferring money. Banks may charge a fee for transferring money between accounts.
