The idea of the three reason why immigrants benefit if banks act as the irremittance agents because banks are more safe and reliable, banks are faster, and certain lower fees.
The first reason that I think banks are more safe and reliable because banks have the system that build the bank in other countries as the partner. It is safe for remittance people who send money through bank directly to people in their home country. The banks consider get in the business of money transfers to service remittance worker. Forimmigrants would send money more safely. (on page 13, reading 2, paragraph3)
The second reason that I think banks are faster because banks have the greater system of transferring money from one place to another place. From one place to other place banks have a better position to serve the needs of customers. For example bank is not just have the system of transfer money. Banks have the system of breach networks for mortgage payments, with utilities for electric, gas, and water bill. Banks also good position to creative and develop the new products and system. (On page 18, reading3,paragraph 1) …show more content…
This is one of the lowest fees in the market. As the number of remittance worker increases the banks make more income of give an option for customer in the low fees to send money. Banks offer a better deal to remittance payment service of transfer money. Banks can support and benefit of the service that they have for remittance worker. (On page 20, reading3 paragraph 4)
Banks have plenty of room to improve of deliver what customers want and act as their remittance agents more trustworthy, faster, and less-expensive to services for immigrants and it is a legal system. (On page 20, reading 3,