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Will The Cost of Sending Money Abroad Go Up?

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 SheilahKast to talk about it is Paul Dwyer, co-founder and CEO of Viamericas, a national money transfer company headquartered in Bethesda.

Sheilah Kast is the host of On The Record, Monday-Friday, 9:30-10:00 am.