Remittance Companies Assisting Relief Effort


Several remittance companies are playing their part in helping victims of Hurricane Ivan in Jamaica. Victoria Mutual Building Society (VMBS), Jamaica National (JN), Senvia Money Services and Western Union have either significantly reduced their fees or cancelled them outright for money transfers from Canada to Jamaica.
General Manager at VMBS (Overseas), Michael Steele told JIS News that the company has always been sensitive to the needs of customers and as a good corporate citizen, the decision was made that there would be “no charge for anyone sending money to Jamaica to assist in Jamaica’s recovery after Hurricane Ivan”. The no-charge period will last for two weeks, he added.
Jamaica National (Overseas) has not only reduced its remittance fees for 30 days, but has also waived late fees during the next two weeks for overseas mortgage customers who own property in Jamaica.
In a release, Leon Mitchell, Chief Executive Officer of JN Overseas Subsidiaries, said the company was doing this “to help with immediate aid and reconstruction in an effort to ease concern among customers”.
Jamaica National has also established the JN Recovery Fund, a general relief fund for those who wish to assist Jamaican citizens affected by the hurricane. Contributions can be made free of charge at any JN Overseas office or through an authorized agent.
Senvia Money Services, a division of Michael Lee-Chin’s AIC Group of Companies, has reduced its money transfer fee to Can$5 for amounts up to Can$2,500 to any country in its Caribbean network – Jamaica, Grenada, Trinidad & Tobago and Guyana. This will continue to October 10.
The company has also established the Jamaica Recovery Fund and the Grenada Recovery Fund and is offering free money transfers to these accounts to assist both countries in their recovery efforts. Noting that Jamaica and Grenada have been particularly hard-hit by Hurricane Ivan, President of Senvia, Nigel Gray said the accounts would provide an avenue for all Canadians to help in the rebuilding process of those countries.

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