Nothing To Hide

Hidden bank and broker fees are costing consumers billions a year. It's time for change. Help us change the law and ban hidden fees - join us!

[Nothing To Hide @nothingtohide20]

Hidden fees, explained

In Europe alone, people are losing 12.5 billion Euros every year to hidden fees.

Join us to fight the fees — https://t.co/XfjvPe4xXF

[Nothing To Hide @nothingtohide20]

In 2019, the world paid $49 billion in remittance fees. Much of it was hidden in inflated exchange rates 🤯

Together we can end this, join us - https://t.co/TSsQEHuqvS
#NothingToHide

[Nothing To Hide @nothingtohide20]

Great to see @CommonsTreasury working with IMF + OECD to support hardest hit economies. Support for remittances is crucial to helping these regions, find out more - https://t.co/XfjvPe4xXF

[Rushanara Ali MP 💙 @rushanaraali]

Chief Economists from the IMF & OECD @CommonsTreasury speak of challenges the most vulnerable & hard-hit emerging economies and developing nations face as a result of covid-19 and the need for greater international support to relieve deep distress.
https://t.co/MqD6f5Us0C

[Global Citizen Impact @GlblCtznImpact]

Wow! ⭕️ @gavi is receiving in-kind support from @TransferWise so people around the world can contribute towards their vaccine work & funding from a private foundation to ensure life-saving vaccines reach those who need them most. #globalgoalunite

[Karl Boczek @KarlBoczek]

@n26 @TransferWise Just did some spot checks to try see if there are hidden commission rates... And no.. You see all what you pay. Bravo N26 and Transferwise!

[Nothing To Hide @nothingtohide20]

As the #COVID19 crisis continues, remittances – money sent by migrants to their home countries – are projected to fall by a record 20% this year.

The decline in remittances is projected to hit all regions of the world. https://t.co/mDGuYO6QkZ

[Nothing To Hide @nothingtohide20]

"...it has made the commonest way of sending and receiving money more difficult. Before the coronavirus struck, 80-85% of transactions still involved cash. With lockdowns in place, visiting banks and post offices to deposit or collect banknotes became trickier and riskier."

[Nothing To Hide @nothingtohide20]

"The pandemic has taken a heavy toll on the flow of money. The World Bank estimates that total remittances to developing countries could drop by a record 20% this year, to $445bn."

Source: https://t.co/0US45gJLaQ

[Nothing To Hide @nothingtohide20]

Sending money home can be expensive. Conversions and fees can cost over 7% of the amount sent. #SDG 10.c aims to reduce transaction costs to less than 3% by 2030: https://t.co/QlSw1mEMU1 #FamilyRemittances

[United Nations @UN]

The #COVID19 pandemic could result in a $110 billion dollar decline in international remittances.

On Tuesday's #FamilyRemittances Day, see how @IFAD is helping migrants & their families build resilience in times of crisis. https://t.co/jqQr28mWNJ

[Nothing To Hide @nothingtohide20]

Over 200 million #migrant workers support their 800 million family members back home. Recognize their sacrifice and join us in celebrating the International Day of #familyremittances

[Nothing To Hide @nothingtohide20]

This year the focus is on building #resilience in times of crisis, in light of the #COVID19 pandemic and the consequences migrants and their families are currently facing.

Sending money home: ten reasons why remittances matter, now more than ever
https://t.co/3tayihuol5

[Nothing To Hide @nothingtohide20]

Today is the .@UN International Day of #FamilyRemittances. Recognizing the financial contribution of migrant workers to their families and communities back home.

Find out why remittances matter: https://t.co/QlSw1mWnLz

[Nothing To Hide @nothingtohide20]

We agree with the @WorldBank that “the single most important factor leading to high remittance prices is a lack of transparency in the market.”

We encourage the @CFPB to take action and look into pricing practices of big banks because there should be #NothingToHide

[Nothing To Hide @nothingtohide20]

Did you know Americans are getting ripped off when they send money abroad and don’t even realize it? 🤯

@MorningConsult published an op-ed from @CatinoNick on why the .@CFPB needs to bring transparent pricing to remittances and international payments.
https://t.co/hxsLXtTNCB

[Nothing To Hide @nothingtohide20]

“Rather than improving remittance pricing practices, the CFPB instead rolled back existing rules last month and exempted most community banks and credit unions from existing rules. As a result, even fewer Americans will understand the true costs of moving money abroad.”

[Nick Catino @CatinoNick]

1/ Check out my op-ed in @MorningConsult on how the @CFPB can drive down remittance costs by requiring transparent pricing from big banks and providers: https://t.co/y1cPWzpWQ1

Here's why this should be a priority for US policymakers:

[Nothing To Hide @nothingtohide20]

Here is the letter they sent to @RishiSunak highlighting the need for transparency on international remittances because there should be #NothingToHide 3/3
https://t.co/qH7iN94HTB

[Harriet Harman @HarrietHarman]

Camb & Peck huge support for families & communities in Africa. Hidden heroes of int dev. UK remittances are lifeline in developing countries & key to tackling poverty. Govt must make sending £ easier & more transparent in #COVID19 crisis. Andrew Mitchell +my letter to @RishiSunak

[Nothing To Hide @nothingtohide20]

The international community recognizes remittances as a vital support for hundreds of millions of people across the globe and works to strengthen their development impact on families and communities. 1/3

[Nothing To Hide @nothingtohide20]

In total, Brits lose about 5.6 billion in hidden fees in a single year. We’re pleased to see cross party effort on this issue from MPs in the UK, Andrew Mitchell and @HarrietHarman. 2/3

[Vaz @aavaz]

Billions are lost by consumers and businesses in hidden fees in international payments. This must stop. https://t.co/ShjzU3Y7KO #NothingToHideFoundation via @nothingtohide20