LibraryScenariosHow international money transfers exploit immigrant families
Scenario

How international money transfers exploit immigrant families

I tried to send money to my family overseas and the bank's fees and exchange rates ate up a quarter of what I sent, but they act like this is just the cost of doing business.

Zera
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More people experience this than they realize.

What we've seen

Cross-border financial services often extract maximum profit from people with few alternatives and urgent family obligations.

Ideas that help explain it
Worth thinking about

“Where Are You with How banks work?”

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