Banco del Bienstar gave the first debit card in the US to send remittances: how they work

A few days after the first Banco del Bienstar debit cards were distributed in the United States, we will describe here how much they were and how they work for the benefit of migrants and their families.

And that is a few days ago, Arturo HareraThe Secretary of the Treasury revealed during the banking convention that the first plastic has already been distributed in the neighboring country.

These are the first five cards that were scattered Orlando, City located in Central Florida, United States.

“In a very specific way, we announced a program through which Banco del Bienestar was going to allow Mexican immigrants to open debit accounts remotely in the United States and which could be distributed through consulates. The former. Has already been given ”, he emphasized.

how do they work?

Years later, thousands of people have crossed the border from Mexico to the United States in search of a better future, and have had to maintain remittance operations, that is, money that would have migrated from overseas to Mexican territory. is, Welling Bank Created a new strategy to distribute those resources in a simple and fast way.

The initiative includes banking Mexican expatriates who reside The usTo authorize the opening of bank accounts, through the Banco del Bienestar.

The idea is to strengthen the financial services system with the aim of making Mexico easier, safer and cheaper.

in that sense, Mexicans who are abroad and have a card will be able to save and send money to their relatives in a fleeting manner.

How to open an account?

Expatriates will be able to open bank accounts remotely from the US. With consular registration or passport Issued by Ministry of External Affairs (SRE).

process To obtain your international debit card, it can be implemented through the Financial Advisor Windows (VAF) located at various consulates in Mexico. Abroad, as well as orientation consistent with the program for opening such accounts and their benefits.

In addition, families will be able to use remittances through 2,399 service points, including Bynestar Bank, branches of financial companies through telecom offices, among others.

Acts to strengthen and expand financial services coverage, so that better shipments of citizens to the US for their families in Mexico are led by the Ministry of Finance and Public Debt (SHCP), Ministry of Foreign Affairs (SER)), Bank Of Mexico, National Banking and Securities Commission (CNBV), Banco del Biestar and the Association of Bank of Mexico (ABM).

For their part, financial officers are also working on the implementation of other functions for the benefit of migrants, such as:

The opening of accounts in pesos through credit institutions and electronic payment funds for the purpose of receiving electronic remittances at the same exchange rate applicable for credit and debit card charges.

-They work in a special application and web platform developed by Banco de México. Its function will be to reveal the geographical location of currency exchange centers and nearest branches through “Ubicanje-Banxico”.

-Allocation of specific user service units, where they can make inquiries and claims.

Banksico highlighted that it would facilitate credit institutions that have difficulty repurchasing dollars in cash through guaranteed contingent financing, under terms and conditions set by the central bank.

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