Directo a México is a program launched in 2005 and operated by the
Federal Reserve and
Banco de Mexico
The Bank of Mexico ( es, Banco de México), abbreviated ''BdeM'' or ''Banxico,'' is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to ac ...
, the
central banks of the
United States and
Mexico, respectively. The program allows
commercial banks and
credit unions in the U.S. to transfer money through
FedACH, the Federal Reserve's
clearinghouse, which is linked to Banco de Mexico.
External links
Directo a Mexico Official Website
* ttp://havanajournal.com/hispanics/entry/directo_a_mxico_money_transfer_system/ Article from the Havana Journal about Directo a Mexico
Mexico–United States relations
Federal Reserve System
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