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80 votes

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

I'm troubled by this: either the person is financially competent, or they are not. If he's genuinely not financially competent, then I would say the trustee should not be handing them $3000/month and ...
Harper - Reinstate Monica's user avatar
69 votes

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

Have you considered a pull based system rather than a push based system? Set up a bank account with the full amount. Engineer or such that your relative can only access it via a debit card. Set the ...
Aron's user avatar
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16 votes

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

Most banks offer inter-bank transfers on a recurring basis, but AFAIK the smallest recurring increment is typically weekly instead of daily. First you should verify that both the trust and beneficiary'...
TTT's user avatar
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4 votes

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

Could you get the $700/week down to a less tempting figure by paying some significant recurring amounts directly from the trust? I'm thinking things like utilities, property taxes and services (...
Chris H's user avatar
  • 2,555
3 votes

safe investment for elderly

Buying CD's are profitable, yes there are pros and cons of buying a CD. When you buy a CD, you promise to invest a fixed amount of money in a bank for a set amount of tenure. Your money is insured by ...
Katie Bell's user avatar
2 votes

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

As suggested in comments, one good solution may be to have a joint account. Most banks will allow transfers between self-controlled accounts; i.e., I can transfer easily (and recurring, if I want) ...
Joe's user avatar
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2 votes

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

Have you considered a secured credit card with a linked checking account? You'd keep full control over the checking and give him the PIN to the credit card only. You may want to investigate whether ...
iheanyi's user avatar
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1 vote

How to build a credit history, for a 78 year old with none? Turned down for secured card

Try a rental reporting service. These are services that act as an intermediary between the tenant and landlord, and then report payments to credit bureaus. Note that these are reported specifically ...
user71659's user avatar
  • 3,299
1 vote

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

Everyone's already lectured you, so I think you've had enough of that already. To answer your question directly: 1. Zelle (formerly clearXchange) should allow instant transfers on weekends. 2. Chase ...
user541686's user avatar
  • 3,369
1 vote

Is there a way to transfer $100 into a family member's US bank account on a daily basis?

This is a little bit strange but you could use IFTTT (if this then that) and Square Cash to do it: https://ifttt.com/applets/368267p-send-recurring-square-cash-payments-with-google-calendar-gmail
Imran Khan's user avatar

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