NEWARK, N.J., Feb. 12, 2026 (GLOBE NEWSWIRE) -- A new federal excise tax on international money transfers funded with cash, money orders, or cashier’s checks went into effect on January 1, 2026. The ...
Because the tax applies only to transfers paid with cash or similar instruments but not to transactions funded with a debit card or bank account (ACH), customers can use the BOSS Money app to send ...