Chart 3: Estimates Indicate that Only 13 Percent of Remittance Activity Is Conducted through Mainstream Financial Institutions

Wire Transfer 70
Bank 11
By Hand 10
Mail 7
Credit Union 2
Sources: Roberto Suro, "Remittance Senders and Receivers: Tracking the Transnational Channels,"
Multilateral Investment Fund and Pew Hispanic Center, November 2003.