I have a personal account. My daughter has a business account. I need to send her cash asap for downpayment on a car. Will she be charged a fee on the $5k even if it is deducted from my bank account?
Business accounts cannot accept friends and family payments. Daughter will have to open a personal account to accept the payment with a different email address. There’s no fee for personal/f&f payments if payment is funded by bank account or PayPal balance. Or just use Zelle. Money will go from bank to bank.
