Banking in a Global Market—Executive Summary

Financial Institution Guide for Offering International Remittance Services

By Appleseed

January 1, 2007

Summary

Appleseed is entering the fifth year of a project that builds wealth in Latin American immigrant communities by increasing positive financial service opportunities, advocating for improved remittance products and educating recent immigrant communities about the money-saving options available to them. It is creating tools and programs that make the market work for Latino immigrants, so that they can save, build credit and move up the economic ladder. The end-goal is to enable low-income and immigrant communities to build assets within this country's financial mainstream and reap the benefits of economic inclusion.

Table of Contents

Key Takeaway

One in 10 U.S. residents is an immigrant, and over half are from Latin America

Financial institutions have an opportunity to reach these new Americans by offering competitive and convenient remittance options. 40 states and the District of Columbia each sent over $100 million dollars in remittances to Latin America in 2006.

Findings & Stats

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