So here's the context, I am 21, dependent and am studying abroad in the US, my parents (mom) asked me to authorize my saving account (my pocket money when I was a kid) or create a new one for her to deposit a certain amount of cash and withdraw it back monthly, to create a balance sheet for future purpose. Personally I have a separate college checking account that I use to buy stuffs and pay bills and such, and I mostly never touched my saving account and it doesn't have much money in it (few thousands). The amount she would deposit and withdraw should be a couple thousand each month. Should I do this for her before I go back to school? I know it's a way to show the bank and build creditability for future when I need to borrow money but that's all I know and my dad doesn't seem to be supporting the idea and said it wasn't necessary for me yet. Any advice or information about this? Thanks.
Submitted September 06, 2018 at 05:22AM by Tranquil1019 https://ift.tt/2PEwXAn
