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Banking unbanked immigrants through remittances

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  • George Samuels
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    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.

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    File URL: http://www.bostonfed.org/commdev/c&b/2003/fall/unbanked.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of Boston in its journal Communities and Banking.

    Volume (Year): (2003)
    Issue (Month): Fall ()
    Pages: 3-8

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    Handle: RePEc:fip:fedbcb:y:2003:i:fall:p:3-8

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    Related research

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

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    Cited by:
    1. Sanjeev Gupta & Catherine A. Pattillo & Smita Wagh, 2007. "Impact of Remittanceson Poverty and Financial Development in Sub-Saharan Africa," IMF Working Papers 07/38, International Monetary Fund.
    2. Raúl Hernández-Coss, 2005. "The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems," World Bank Publications, The World Bank, number 7322, August.

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