Xoom Introduces Bank
Deposit Service To
Citibank Accounts
Xoom.com, an online
money transfer company,
has launched its Bank
Deposit service to Banco
Cuscatlan and Banco Uno,
now Citibank, in El
Salvador, Guatemala,
Honduras, Nicaragua,
Panama and Costa Rica.
According to Xoom.com,
through its Bank Deposit
service, money can be
sent directly to a bank
account in El Salvador,
Guatemala, Honduras,
Nicaragua, Panama or
Costa Rica in 15
minutes.
In addition to Bank
Deposit, Xoom customers
can send money to their
beneficiary for Cash
Pickup at more than
1,800 locations
throughout Central
America, including
Remesas Familiares
Cuscatlan, Aval, BAC
Credomatic, Banco
Ficohsa, Banco
Agromercantil and other
local partners.
Customers can send money
to Central America
starting at $2.99 and
can choose from a
variety of ways to fund
the transaction online,
including a US checking
account, a credit card
or with a PayPal
account, added Xoom.
Jose Luna, head of
Citibank products in
Central America, said:
"We are excited to offer
this convenient service
to the Central American
community in the US
through our affiliation
with Xoom.com, an
innovative company that
facilitates on-line
money transfers safely.
In Banco Cuscatlan and
Banco Uno recently
acquired by Citibank we
pride ourselves in
offering our extensive
network to all the
beneficiaries of family
remittances."
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