Posted on: April 26th, 2006
Filed Under: [ Hispanic News ] [ Press Releases ]
Tags: Mexico, remittance
“When it comes to the financial needs of Hispanics, the ability to send money to loved ones back home is high on their list of priorities. With Mother’s Day just a few weeks away, Bank of America wants to ensure that Hispanics are aware of the money saving options available for sending cash to loved ones in Mexico.
According to a “financial fitness” survey conducted by Bank of America last year, 65% of Hispanics who remit money back home still use traditional money remitters. Remittance fees can add up to more than $200 a year but sending money with SafeSend(R), the Bank of America remittance service, is completely free with a Bank of America checking account. Since the launch of free SafeSend in September, 2005, more than $126MM has successfully been remitted through the service.”
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