Bank of America Eliminates Money Transfer Fees To Mexico.

Consumers will be able to send money to Mexico for less than ever because Bank of America announced it is eliminating remittance fees and foreign exchange fees in Chicago through its SafeSend service as part of a national rollout to be completed by year-end. It is the first major financial institution in the United States to take such significant steps in the remittance market.

“Our goal in eliminating fees is to help millions of customers send money for free quickly and easily to friends and family in Mexico,” said Liam McGee, president of Consumer and Small Business Banking at Bank of America. “Our customers have identified this need, and we are responding.”