JP Morgan Chase Offers Free Remittances to Mexico From NY

The 3rd largest bank in the US, JPMorgan Chase announced on June 13, 2007 that it would allow customers in the New York area up to 3 free transfers a month to Mexico, each of an amount up to $1500. NY is the bank's largest market. The money transfers must be from a JPMorgan Chase checking account to a Banorte account in Mexico. Banorte is Mexico's fifth largest bank and operates over 2800 ATMs and 1000 branches in that country.