Price cut for Mexico wires
Tuesday, Jan. 8, 2002 | 9:22 a.m.
SAN FRANCISCO -- Wells Fargo & Co. is poised to introduce a discount service for wiring money to Mexico. The new service will charge a $10 flat fee for wiring as much as $1,000 to Mexico.
The price undercuts the rates charged by the dominant financial wire services, Western Union and Moneygram. The market leaders collect a $15 fee on a comparable wire transfer of up to $300 and charge as much as $50 for sending $1,000 to Mexico. In some cases, Moneygram charges a flat fee of $15 for any amount.
Mexicans living in the United States wire an estimated $8 billion annually to friends and relatives back home.
The San Francisco-based bank plans to offer the wire transfer service -- operated as a joint venture with Grupo Financiero Bancomer SA, Mexico's second-largest bank -- in all 3,000 of its branches in 23 states.
archive
- Most Read
- Discussed
- Most E-mailed
- Kruger hoping his team will play with grit
- Pricing out wagers on the Pacquiao-Cotto fight
- RTC bus driver fired, arrested after allegedly attacking woman
- Two second-graders involved in shooting at bus stop
- CityCenter Realtors hit with cut in commissions
- Privé owner files for bankruptcy protection in Florida
- Trainers scuffle at Manny Pacquiao, Miguel Cotto weigh-in
- Shanghai’s maglev: Flying with both feet on the ground
- Hooters reports loss, says Chapter 11 possible
- Sean ‘Diddy’ Combs among stars in Las Vegas for Manny Pacquiao-Miguel Cotto fight
Blogs
The Greene Room
Predicting this weekend's Mountain West football slate
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (5 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (4 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Miech Again
Rebels rookie Lopez says redshirting is his best move (12 Comments)
Calendar »
- 14 Sat
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
-
Pacquiao vs. Cotto at the MGM Grand Garden Arena
MGM Grand Garden Arena | 6 p.m. to 11 p.m.
-
Friends of India Diwali Celebration at Cashman Field with Dan Nainan
Cashman Field | 7:30 p.m. to 10 p.m.
-
Norm MacDonald at the House of Blues
House of Blues
-
Boulder City Art Guild Winter Fest Fine Art Show
Boulder City Parks & Recreation
-
John Fogerty at the Star of the Desert Arena
Star of the Desert Arena | 8 p.m. to 11 p.m.
-
Emeril Lagasse Foundation’s 5th annual Carnivale du Vin
The Venetian Resort Hotel Casino | 6 p.m. to 10 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati








