DRAFT FOR INTERNAL REVIEW ONLY | cfpb_title_goes_here_r1 Send money abroad with more confidence

When you send money to family, friends or others outside of the United States, do you know how much they’ll actually receive?

When you send money abroad using an electronic transfer, you can see the costs, and your transaction has protections.

Before you pay for the transaction, you see:

▪ Exchange rate

▪ Fees and taxes

▪ Amount that will be received

See the sample information below. After you pay, you receive

Transfer Amount: $100.00

additional information about:

Transfer Fees: +$7.00

▪ When the money will be available to the person Transfer Taxes: +$3.00

you are sending it to

TOTAL: $110.00

▪ Your right to cancel the transfer

▪ How to get help if errors are made Exchange Rate: US $1.00 = 12.27 MXN

▪ How to submit a complaint

Transfer Amount: Other Fees: 1,227.00 MXN -30.00 MXN

Many money transfer providers must provide this information. You might see some information TOTAL TO RECIPIENT: 1,197.00 MXN

before you pay for the transaction and some afterward, or you might see it all at once before

Recipient may receive less due to fees charged

you pay.

by the recipient’s bank and foreign taxes.

Other protections also may be available to you, depending on the laws in your state.

Consumer Financial Protection Bureau

Learn more at consumerfinance.gov 1 of 2

DRAFT FOR INTERNAL REVIEW ONLY | cfpb_title_goes_here_r1

About the CFPB

The Consumer Financial Protection Bureau is an independent federal agency built to protect consumers. We write and enforce rules that keep banks and other financial companies operating fairly. We also educate and empower consumers, helping them make more informed choices to achieve their financial goals.

Learn more at consumerfinance.gov

Connect with us

 Submit a complaint

consumerfinance.gov/complaint

 Tell your story

consumerfinance.gov/your-story

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Consumer Financial Protection Bureau

Learn more at consumerfinance.gov 2 of 2

3/2018