Money mover bridge21 widens US banking support
02 June 2017 | 4563 views | 0
Denver-based cross-border payments company bridge21 just announced wider US banking support.
In total, bridge21 now supports 56 banks and credit unions, more than three times as many as before. The move opens the door for more customers to experience record-breaking exchange rates. Last week alone, the Bridge Rate was consistently 10% or more below mid-market rates.
bridge21’s CEO, Will Madden, shared: “Last week we consistently offered 14% better than mid-market rates for large amounts. That’s incredible. No one else does that.”
Some of the new banking support includes Bank of America, Citibank, Chase, Fidelity, Navy Federal Credit Union, PNC Bank, SunTrust Bank, TD Bank, US Bank, USAA, Wells Fargo and many more.
Since its launch of the US-to-Mexico corridor, bridge21 integrated with BitGo Instant to expedite turnaround time on transactions. The bridge21 site can also be viewed in English or Spanish. Those interested in seeing the Bridge Rate in action can check out popular remittance rate listing sites like CompareRemit.com to see how bridge21 customers frequently get a much better deal.
On average, bridge21 provides a savings of about 5% over the competition. This means a customer sending $500 a week could save around $1,450 a year using bridge21, and if they wait for better-than-market rates, it can be a lot more. It’s worth a few minutes of time to sign up at bridge21.io if you send money to Mexico.
As bridge21 recognizes that not everyone is in a position to send funds from the US to Mexico, this emerging cross-border payments company recently launched an Ambassadors Program to incentivize individuals with friends and colleagues sending money from the US to Mexico to get in on the top rates. Ambassadors are rewarded with a gift of $50 USD for every new paying referred customer who sends any number of transactions equal to $200 or more through the platform.
With the mission of Money without Borders, bridge21 services anyone with a US bank account who would like to send money to a recipient with a Mexican bank account. The Bridge Rate is calculated by the price of Bitcoin in the sending and receiving countries.