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Problem
Excessive bank charges
Incidence:
The fee for wiring a money transfer from the USA to Latin America can be as much as 25 percent of the amount sent and the exchange rate paid by the recipient can be high.
Broader Problems:
Unsatisfactory retail banking
Narrower Problems:
Excessive bill-paying surcharges
Strategies:
Sending remittances
Reducing cost of money
Values:
Excess
Subject(s):
Commerce
→
Finance
Commerce
→
Banking
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems
Date of last update
06.02.1999 – 00:00 CET