These institutions now must fully disclose their fees, taxes and foreign currency exchange rates so consumers will have a clearer picture of the true cost of transactions and be able to more easily comparison shop. Also, once a transaction concludes, the company now must provide a receipt that repeats this same information, as well as shows the date when the money will arrive and directions for reporting any problems with the transfer.
Money Transfers
Foreign Money Transfers Just Got Safer
on February 17th, 2014