Lets accomadate the ILLEGAL ALIENS a little more, after all the American customers can pay for it.
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Sad and true, isn't it? So now the banks, given the density of money transfers from illegals back to their homes in Mexico, are competing for their business...sort of. I guess they want their checking business, or the like, otherwise why would they give up transfer fees?? There has to be some method in the madness...and I mean madness...
B of A has bought into a Mexican bank. Many US banks have, it is allowable under NAFTA.
If the money is transferred to Mexico thru B of A, the recipient is more likely to keep the money in that bank.