Immigrants sending money home warned about transfer stations in the Bronx

Thousands of Bronx immigrants send money to their families in foreign countries thourgh transfer services, but some of those places are charging higher fees than others.According to the New York State Department of Banking, there are certain things Bronx residents should consider when sending cash overseas. They say transfer stations should have a licensed agent sign posted in the window; if it is not visible you can ask to see it. There are many locations throughout the borough and no standard transfer fee. Western Union, for example, charges $12 for every $100 sent, but this rate may differ at other locations. When sending money, officials say shop around for the best price and make sure you get a receipt.

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