#money-transfer

#money-transfer

A 1% tax increase on remittances from Caribbean nationals to their home countries will take effect on Dec. 31, 2025.

Zelle's standalone app will discontinue money transfer services due to minimal usage, encouraging reliance on bank-integrated options.

Banks have adopted Zelle, rendering its standalone app unnecessary, with only 2% of transactions conducted through it.

Ensuring secure money transactions is critical for safeguarding personal information and funds during transfers.

Research and verify payment methods and recipients to mitigate risks associated with scams and errors.