Bank of America recently began phasing in dropping fees for money transfers and foreign exchange transactions between Mexico and the U.S. The bank began by dropping all money-transfer fees from Chicago to Mexico and reducing fees in other areas of this country. Previously, the bank charged a $10 load fee in Chicago and an exchange fee of 3 percent of the transaction.
The bank will reduce all fees by the end of 2005. To take advantage of the no-fee service, a person must have a checking account at the bank.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
