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Program Urges Mexicans to Open Bank Accounts

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Program Urges Mexicans to Open Bank Accounts

Program Urges Mexicans to Open Bank Accounts

Program Urges Mexicans to Open Bank Accounts

  • Download
  • <iframe src="https://www.npr.org/player/embed/1343545/1343546" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A new government program in Mexico encourages people who receive remittances from relatives in the United States to open bank accounts for direct deposits. The People's Network also urges Mexicans to set aside money for insurance and home loans. Only one-third of all Mexicans have bank accounts, and many have expressed suspicion of fraud. Hear NPR's Gerry Hadden.