Bank of America to Drop Money-Wiring Fee to Mexico

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003644-bank-of-america-to-drop-money-wiring-fee-/

Bank of America Corp. on Thursday said it plans by year end to eliminate its fees for some customers to transfer money to Mexico, in a bid to attract more of the growing number of Mexican workers in the United States who wire money home.

The fee waiver comes with a requirement that customers open checking accounts.

The No. 3 U.S. bank, which is based in Charlotte, North Carolina, said its fee for checking account customers to wire money through its SafeSend service will at first fall to $8 from $10 for remittances of up to $1,500, effective immediately. The 3 percent foreign exchange fee will also be scrapped.

For this complete story, please visit Bank of America to Drop Money-Wiring Fee to Mexico.

Bank of America to Drop Money-Wiring Fee to Mexico

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About