I live in the U.S. (American citizen) and my son in Israel (Israeli citizen).
I want to know if it's possible to open a joint foreign currency account which would permit me to lend him money and later to use the account for him to pay me back. A second reason is because some checks have surfaced which are meant for my son. After we get them reissued, it would simplify matters a lot if I could simply deposit them into a joint account on his behalf.
If that's not an option, can someone suggest an alternative which doesn't cost a lot in fees and keeps the money until it's needed in USDollars -- to hedge against inflation.
Thank you for any suggestions you are able to offer.