IN THE HOUSE ~ Petition from ACORN Canada in support of fair remittance rates for bank transfers

This was posted more than 12 months ago. The information may be outdated.

ACORN Canada is asking for individual and organizational support for ACORN Canada's Remittance Justice Campaign, demanding that the fees for remitting money out of Canada through banks and money transfer organizations is capped at 5% of money sent. The current fee structure is predatory, often representing 15% of the remittance and sometimes as high as 25-30%. It has been estimated by the World Bank that Banks and Money Transfer Organizations take more than $44 billion every year in fees; money that would have likely gone to some of the worlds’ poorest families. For more info contact: [email protected]


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