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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. Sanjeev Gupta & Catherine A Pattillo & Smita Wagh, 2007. "Impact of Remittances on 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.

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