Word: safesend
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...option. At Wells Fargo, Bank of America and other institutions in the Western U.S., Mexicans no longer need proof of legal residency to open an account but can instead present an identification card issued by the Mexican consulate. This month B. of A. launched a money-transfer system called SafeSend, in which customers can use a phone or the Internet to transfer money into an escrow account. The recipient in Mexico--who would have been mailed a SafeSend card--can then access the account from any ATM. Remittances to Mexico topped $9 billion last year, and the banks hope...
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