Remittances: Fees and Charges

(asked on 22nd January 2025) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will take steps to reduce transfer fees on family remittances.


Answered by
Anneliese Dodds Portrait
Anneliese Dodds
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 30th January 2025

The Foreign, Commonwealth and Development Office (FCDO) co-convene, with Save the Children, a UK-based Remittances Working Group which works with key partners including remittance service providers, diaspora communities, NGOs, and other UK government departments to seek solutions that can drive down costs associated with sending and receiving remittances. The FCDO also supports a remittances project trialling new ways to reduce remittance transfer fees for individuals, working with East African diaspora members in the UK who are sending money back to Kenya.

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