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Banking unbanked immigrants through remittances

Author

Listed:
  • George Samuels

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.

Suggested Citation

  • George Samuels, 2003. "Banking unbanked immigrants through remittances," Communities and Banking, Federal Reserve Bank of Boston, issue Fall, pages 3-8.
    • Handle: RePEc:fip:fedbcb:y:2003:i:fall:p:3-8
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    File URL: http://www.bostonfed.org/commdev/c&b/2003/fall/unbanked.pdf
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    Citations

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    Cited by:

    1. Isabel Ruiz & Carlos Vargas-Silva, 2012. "Exploring the causes of the slowdown in remittances to Mexico," Empirical Economics, Springer, vol. 42(3), pages 745-766, June.
    2. Raúl Hernández-Coss, 2005. "The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems," World Bank Publications - Books, The World Bank Group, number 7322, December.
    3. Mr. Sanjeev Gupta & Ms. Catherine A Pattillo & Ms. Smita Wagh, 2007. "Impact of Remittances on Poverty and Financial Development in Sub-Saharan Africa," IMF Working Papers 2007/038, International Monetary Fund.
    4. anonymous, 2004. "Financial access for immigrants conference: learning from diverse perspectives," Profitwise, Federal Reserve Bank of Chicago, issue Oct.

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