Will The Cost of Sending Money Abroad Go Up?

Jul 9, 2014

100 peso bill.
Credit rageforst æsthir / Flickr / Creative Commons
More than $50 billion were sent from the United States to people in other countries in 2012, according to the World Bank. In Maryland, there are dozens of money transfer companies operating, with thousands of different places you can transfer money abroad. But, the cost of doing so, which has been falling in recent years, might reverse course soon and start going up. With Sheilah Kast to talk about it is Paul Dwyer, co-founder and CEO of Viamericas, a national money transfer company headquartered in Bethesda.