Journal Article

Banking unbanked immigrants through remittances


Abstract: High service fees for sending money abroad can be a financial strain for low and moderate-income immigrants. George Samuels explores how some mainstream financial institutions are offering competitive pricing for the service and, as a result, are banking a new set of customers.

Keywords: Banks and banking - Customer services; Emigrant remittances; Banks and banking - Massachusetts; Community development - Massachusetts;

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File(s): File format is application/pdf http://www.bostonfed.org/commdev/c&b/2003/fall/unbanked.pdf

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Communities and Banking

Publication Date: 2003

Issue: Fall

Pages: 3-8