Spotlight: Area Post Offices Now Wire Dinero to Mexico
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The U.S. Postal Service and its Mexican partner, Bancomer, began offering wire cash transfer services from 200 post offices in Southern California. The service, called Dinero Seguro, or Safe Money, has been operating in Texas, charging $15 for a wire transfer of up to $250, or a maximum 6% commission. Mexicans working in the U.S. send home $6 billion annually in what is estimated to be Mexico’s third-biggest source of foreign currency after oil and tourism.
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