Bank of America Announces Free Nationwide Remittance to Mexico

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."