BoA Free Nationwide Remittance To Mexico.

Bank of America just announced its free nationwide remittance service that is making it easier for millions of Hispanics to send money to Mexico by eliminating transfer fees. Called SafeSend, the new feature is available to anyone who has a Bank of America personal checking account. Earlier this year, Bank of America became the first major financial institution in the United States to offer free remittances when it introduced the product in Chicago.

“We are proud to help millions of Hispanics send money for free to loved ones in Mexico,” said Liam McGee, president of Global Consumer and Small Business Banking. “Adding the free SafeSend feature to our checking accounts is our way of saying that we want to do much more – we want to be their bank of choice and help Hispanics develop rewarding, long-term financial relationships.”

According to Diane Morais, Consumer and Small Business Deposit & Debit Products executive at Bank of America, feedback from customers propelled the launch of national free SafeSend, as well as the new enhanced capabilities, including cash payments over the counter and greater access via a network of more than 4,500 locations throughout Mexico.

“Our Hispanic customers told us that they wanted lower transfer fees, money to be paid in cash over the counter in Mexico, and a broader distribution network convenient to their family and friends. We listened and we responded with new features to our SafeSend remittance service,” Morais said.