Tuesday, February 7, 2012

Website helps immigrants compare fees to send money home

Enviacentroamerica.org is a new service that shows how much different transfer services cost in five remittance-sending hubs in the United States: California, Florida, New York, Washington, D.C., and Massachusetts. Fees are calculated based on transfer amounts of $200 and $500.

The main sponsor of the initiative is the Center for Latin American Monetary Studies, a grouping of regional banks, along with support from the World Bank and Multilalateral Investment Fund of the Inter-American Development Bank, or IDB.

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