Chase sets free Mexico money transfers in NY area

Posted on June 19, 2007. Filed under: Money, North America, Opportunities |

“JPMorgan Chase & Co. (JPM.N: Quote, Profile, Research) said on Wednesday it will let checking account customers in the New York City area wire money to Mexico for free, hoping to win business from one of the region’s fastest-growing ethnic groups.The third-largest U.S. bank said its Rapid Cash program lets customers in New York, New Jersey and Connecticut make three free transfers, for up to $1,500 each, per month to accounts at Banorte (GFNORTEO.MX: Quote, Profile, Research). The Mexican bank, the country’s fifth-largest, operates more than 1,000 branches and 2,800 automated teller machines in Mexico. “

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