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Mexican workers in U.S. rely on banks

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Posted on: February 15th, 2007
Filed Under: Business, Immigration, Top Stories
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“Mexicans who work in the United States and send money south of the are moving into the financial mainstream, according to a new survey.

Of immigrants interviewed by Mexicos central bank, 70 percent said they had U.S. bank accounts. The findings also suggest that U.S. financial institutions are playing an increasing role in the money transfers. People with bank accounts often are able to send money at a cheaper rate than if they wired the money through other means.”

Source: http://www.sun-sentinel.com
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