The popularity of digital personal finance applications continues to grow among users in the United States. According to recent data, 8 out of 10 Americans have embraced the digital economy by using financial applications for purchases, digital payments, online banking, and more.

Cash App is one effective alternative to facilitate personal finance management. In 2024, it recorded 57 million monthly active users and $16.2 billion in earnings.

If you're curious to know what Cash App is, how it works, all its benefits, and its associated fees, below we provide all the details so you can decide whether it is the best option to meet your needs.

What Is Cash App and What Is It Used For?

Cash App is an alternative to traditional banking that operates through a mobile financial services application. Its functionality is highly versatile, as it not only allows users to send and receive money but also to make purchases and receive direct deposits from payroll.

The application was developed by Block Inc. (formerly Square Inc.) and aims to offer a comprehensive and more accessible service through digital solutions.

To open an account on Cash App, you must meet certain requirements, such as having a Social Security Number (SSN) and a U.S. bank account.

Cash App: How It Works, What Features It Offers, and What Fees It Charges

Cash App is available through its official mobile application, in which you must complete the registration and verification process to access all available features. Once completed, you may link a bank account if needed.

You will also have a Cash Tag: a unique username that allows you to send and receive money easily.

The following are the main features offered by the Cash App application:

Sending and Receiving Money

Cash App allows instant transfers between users of the application free of charge (free instant transfers; standard network fees may still apply).

Cash Card

This is a free debit card linked to your balance. It allows you to make online and in-store purchases and withdraw cash from ATMs.

QR Code

Pay directly in physical stores using a QR code.

Cash App Pay

A payment method that allows users to complete transactions in online stores and directly through the application.

Cash Boosts

You can obtain discounts at selected physical and online establishments.

Fees for Using Cash App

Although many of Cash App’s features are free, such as account maintenance, use of the Cash Card, and transfers between Cash App accounts. Below is a table with some of the main fees and charges associated with the aforementioned features:
‍

‍
Cash App registration requirements

If you want to use Cash App to control your finances, make sure you meet the following requirements:

Have a U.S. phone number

You can also use an email to verify your identity.

Reside in the United States or England

Cash App is only available in the United States and the United Kingdom. The application and information are available in English only.

Have a bank account

It is recommended if you want to have access to all the functions of the application.

Do the identity verification

This will allow you to access features such as sending or receiving more than 1,000 USD over 30 calendar days and applying for the Cash Card.

But remember that to perform identity verification you need:

• Full name
• Birthdate
• Social Security Number (SSN)

How secure is Cash App? : 9 important considerations

The issue of security is one of the most relevant in relation to financial services applications. You should always verify that your provider has the necessary measures in place to keep your assets and personal data safe.

For its part, Cash App has the following security measures, among others:

Multifactor authentication

Cash App requests identity authentication via email or SMS. In addition, it allows you to activate a PIN or biometry to log in.

End-to-end encryption

Your personal data stored in Cash App is secure through TLS/E2E.

System for the detection and prevention of illegal activities

Cash App has implemented technologies trained to detect unusual behavior and prevent fraud, such as machine learning and algorithms.

Subsequent payment monitoring

The application has an additional monitoring system to do a double check and detect unusual activities.

Although the above features offer some certainty regarding the application's security measures, it's always important to take into account some considerations:

Turn off automatic login

To prevent an outsider from accessing your account without your authorization, avoid using automatic login. Instead, use strong, unique passwords and enable 2-step authentication.

Beware of fraud

Stay alert to scams, either by phone or email. Never give out personal information or passwords through these means. If you need to contact application support, do so through official means.

Keep active alerts

Cash App allows you to receive alerts for your transactions directly on your cell phone. Make sure to keep them active.

Verify data before making transfers

Send money only to people you know and verify their information before confirming the operation, since once the money has been sent, it is not possible to recover it.

Activate the PIN to carry out transactions

You have the option of activating the PIN or biometric data to confirm your transfers before doing them, and avoid the use of your application by third parties in case of theft or loss.

Are you looking for more than just a payment app? Comun is your financial ally in the U.S. UU.

There is no doubt that Cash App is a popular alternative among those looking for a fairly comprehensive and easy-to-use financial solution.

But if you are looking for a financial ally that offers a simple and secure experience, with customer service and a platform also available in Spanish, we present Comun.

Comun goes beyond traditional limitations, so that immigrant communities in the United States have access to quality financial services, without complications. With Comun you can:

• Receive and send money conveniently, without complications and without the need for a traditional bank account.
• Open your Comun account with the qualified Official Identification of your country of origin.
• Get a simple mobile application for hassle-free daily international money transfers.

Open your Comun account today and breaks down the barriers of traditional financial services, language and cultural ones.

FAQs

If you still have questions about what Cash App is for and its features, check out our frequently asked questions.

What are Cash Boosts in Cash App?

These are instant discounts available on the Cash Card. To activate them, enter the mobile application and select “Cash Card”, followed by “Add Boost” and “Save Boost”. Select the discount you are interested in and it will be applied when you pay with your debit card.

What happens if I receive a lot of money through Cash App?

Some necessary checks may be activated starting at $1000.

How much is the maximum that can be sent via Cash App?

1000 USD over 30 calendar days for unverified users; if you verify your user, you can increase this limit to 20,000 USD.

What is Cashtag in the Cash App?

This is a unique username that is used so that other users of the application can send you money. It starts with the $ symbol followed by an identifier.

‍

For immigrants in the United States, finding a legal way to remain in the country indefinitely can be a long and confusing process. That’s why it’s important to know all the alternatives to help pave the way toward lawful permanent residence.

Getting a sponsor is a path that can help you regularize your immigration status in the United States. A sponsor is a person who assumes legal and financial responsibility for someone who is in the process of regularizing their documents in the country.

Below, we explain in detail what a sponsor is, the income table to sponsor a family member in 2025, and all the forms and documents needed to formalize this process.

What does it mean to be a sponsor in the United States?

In simple terms, a sponsor is a person who takes on legal and financial sponsorship of someone who is in the process of obtaining an immigrant visa or a Green Card.

It’s a measure by which the U.S. Government, through USCIS, ensures the sponsored person will not become a public charge, since sponsorship entails the sponsor’s financial and legal responsibility.

During this process, some terms can be confused and are worth clarifying—namely sponsor and petitioner.

• Petitioner: the person who files the initial application with USCIS.

• Sponsor: the person who provides financial and legal support for the immigrant. If the petitioner doesn’t meet the requirements, a joint sponsor can be added.

On the other hand, there are two relevant forms you should know during this process.

• Form I-864 (Affidavit of Support):

This form is generally used for permanent resident visas, employment-based visas, or family-based Green Cards for immediate relatives.

• Form I-134 (Declaration of Financial Support):

This form is required for temporary or nonimmigrant visas—for example, a tourist or fiancé(e) visa.

4 requirements to be a sponsor in the U.S.

These are the requirements your sponsor must meet to proceed:

• Be a U.S. citizen or lawful permanent resident.

• Be at least 18 years old.

• Live in the United States (have a domicile there).

• Meet the minimum income requirements.

Regarding income requirements, sponsors must meet the minimums set by the Department of Health and Human Services (HHS), which requires household income above 125% of the federal poverty guideline.

Household size includes the sponsor, their spouse, dependent children, and the sponsored immigrant.

Below is a comparative table with the minimum figures by household size.

‍

If the sponsor does not meet these minimum incomes, you can turn to a joint sponsor or a household member.

It’s also important to consider some special cases.

• Sponsors with TPS (Temporary Protected Status): cannot be sponsors because they are not permanent residents.

• Humanitarian parole: not eligible to be sponsors unless they obtain permanent residence.

• Armed Forces: U.S. citizens serving in the Armed Forces have more flexible income minimums to sponsor immediate relatives.

What are a sponsor’s responsibilities and how long do they last?

To formalize sponsorship, the sponsor must sign an affidavit committing to provide legal and financial support.

Sponsor’s legal obligations

By signing the affidavit of support, the sponsor commits to providing the financial resources necessary so the sponsored person does not become a public charge.

If the immigrant receives public assistance, such as Medicaid, the U.S. Government may require the sponsor to reimburse those funds.

Duration of sponsorship

Sponsorship has no fixed duration, but it can end when:

• The immigrant adjusts status and obtains permanent residence.

• The immigrant accrues 40 quarters of work and proves it to Social Security.

• The immigrant permanently leaves the country.

Cases where sponsorship does not end

In marriage-based sponsorship, divorce does not terminate the sponsor’s obligations. The same applies if the parties stop living in the same household.

5 documents and forms you need to be a sponsor

Finally, it’s essential to know the documents needed to formalize sponsorship and to assess your sponsor’s eligibility.

Form I-864 or I-134, as applicable

This form serves as an affidavit in which the sponsor commits to meeting their economic and legal obligations to the sponsored person.

There is no fee to file these forms. Unless filed from outside the U.S. through the National Visa Center, in which case Form I-864 costs $120.

Proof of citizenship or permanent residence

The sponsor must present documents proving U.S. citizenship or lawful permanent residence—for example, a passport, Green Card copy, or naturalization certificate.

Tax returns or proof of income

You must provide the most recent annual tax return (Form 1040) and proof of income.

Employer letter, if needed

An employer letter may also be required to confirm the sponsor’s position, salary, and length of employment.

Proof of U.S. domicile

The sponsor must show a U.S. domicile and residence there. Deeds or utility bills can serve as proof.

Organize your finances in the U.S. with Común

Throughout this article, we reviewed in detail what a sponsor is—a person who assumes legal and financial responsibility for an immigrant—as well as the minimum income table and required documents.

Even with a sponsor’s support, it’s important to continue legalizing your situation in the country and to obtain steady work and income.

To that end, it’s vital to manage money well and have fair financial services suited to you.

Discover all the benefits of Común, the financial platform created for immigrants!

• Open your account with qualifying official ID from your country of origin.

• Use the mobile app available in Spanish, transparent and easy to understand.

• Send remittances to LATAM countries with clear and competitive fees.

Open your Común account today and organize your personal finances with clarity and security.

Frequently Asked Questions (FAQ)

If you still have questions, consult our FAQs.

Can I be a sponsor if I don’t have sufficient income?

If your income does not reach 125% of the Poverty Guidelines, you can look for a joint sponsor who must meet the same requirements—per the Federal Poverty Guidelines published annually by the Department of Health and Human Services (HHS).

What happens if the immigrant receives public benefits?

The primary sponsor and joint sponsor are responsible for reimbursing the Government for any public assistance the sponsored immigrant receives.

Having a bank account is an essential step for people arriving to work in the United States, since it makes it easier for them to manage their salaries and adapt to the country’s financial system.

This can be a complicated process, since in the United States there is a wide variety of financial institutions, such as traditional banks with hundreds of branches, digital banks, and credit unions.

Among the most well-known are Bank of America, Capital One, and Wells Fargo, which enjoy significant recognition in the country. However, it is not possible to name one as the best: this depends on the specific needs of users.

For example, immigrants in the United States look to prioritize ease of account opening, as well as the ability to send remittances to their loved ones.

In this article, we will explain which are the best banks in the U.S., their features, requirements, and everything you need to know before opening an account.

The 6 Best Banks in the United States in 2025

Below, we present a comparative table of the best banks in the U.S.

‍

How to Choose the Best Bank to Open an Account

If you are about to start your financial life in the United States, choosing a bank where you open an account is a very important decision. Each has its own requirements and benefits, so you should look for the one that best fits your expectations.

These are the most relevant criteria you should analyze before choosing the best option for you.

Accepted Identification

Many banks request the SSN (Social Security Number) to process a bank account, while others accept alternatives such as the ITIN or a passport.

Support and Availability

Although some banks do offer support in other language, like Spanish, not all of them do. Verify that the institution you choose can clearly answer your questions.

Cash Deposits and Withdrawals

If you frequently receive cash payments, it is important that your bank allows you to make cash deposits at branches near you and without fees.

Transfers and Remittances

Sending remittances is a crucial issue for immigrants, so you should review the fees for international money transfers. These are often more expensive in traditional banks due to intermediaries and exchange rates.

Digital Security

Verify that the bank has security measures in digital banking, as well as backing from official institutions such as the FDIC.

5 Digital Finance Platforms in the United States

Beyond traditional banks, you can also turn to digital alternatives, which tend to be more accessible.

Digital banks or financial platforms are institutions that operate online through mobile apps and websites. They do not depend on physical branches and tend to make processes easier in favor of financial inclusion.

There are financial platforms focused on meeting the needs of immigrants in the United States, as they address gaps and obstacles of traditional banks with flexible account-opening requirements, accessible fees for remittance sending, and ease of depositing cash.

Común

Advantages: focused on the needs of immigrants, support available in Spanish, and has accessible account-opening requirements.

Disadvantages: it does not have physical branches or an ATM network, but you will always be able to access your digital money from the palm of your hand, without time restrictions; you can also withdraw and make cash deposits at thousands of locations in the United States.

Ally

Advantages: 100% digital bank with High Interest Rates (APY) on savings accounts.

Disadvantages: it is not possible to make direct deposits.

Axos

Advantages: offers various types of accounts and attainable options for students and immigrants.

Disadvantages: limited support in Spanish.

Chime

Advantages: offers accounts with no monthly fees, ATM network, and payroll advance.

Disadvantages: difficulty in making cash deposits.

Discover

Advantages: offers credit cards with rewards, checking and savings accounts without monthly fees.

Disadvantages: few cash deposit options, and it is not focused on the needs of immigrant communities.

Común: A financial platform for immigrants in the U.S.

As you can see, there is a variety of financial institutions you can turn to, and access to a full range of services such as cash deposits, transfers, financial management, etc.

That is why you must be clear about what you are looking for in a U.S. bank account and how you could meet your needs.

Most traditional banks tend to have stricter requirements and higher operating costs. For this reason, many immigrants consider digital financial platforms as an alternative, since they are often more accessible and designed with services that address their needs.

Común is a fintech platform that can support you in starting your financial journey in the United States, offering benefits such as:

• Open your account with the qualified official identification from your country of origin

• Forget about hidden fees and minimum balances 

• Send money to your loved ones in Latin America for a fee starting at $2.99 USD (up to the applicable limits)

• Access a network of more than 88,000 locations for cash deposits and withdrawals

• Access Spanish-language support available 24 hours a day

• Get a Visa debit card

• Manage your finances from a comprehensive and easy-to-use mobile app

Open your account today and start sending money through Común’s mobile app.

Frequently Asked Questions

If you have more questions, check our FAQ section.

Which is the safest bank in the U.S.?

FDIC insurance is relevant to determine if a bank is safe. Traditional banks have this backing, as do digital banks like Revolut (through Sutton Bank) and fintech platforms such as Común.

Which bank charges fewer monthly fees for a bank account?

Many digital banks and fintech platforms, including Común, often offer competitive rates. This can be due to lower operating costs, since they do not maintain physical branches. However, fees and account features vary by provider.

The bank routing number, or ABA Routing Number, is essential information for making money transfers. It is a 9-digit code used to identify each financial institution in the United States.

This code is so important because it ensures that electronic transactions are carried out correctly and that funds reach the designated bank.

In this article, we offer a complete guide to help you understand what a bank routing number is, what it does, where to find it, and how it is used in everyday electronic financial transactions.

What is a bank routing number (ABA), and why is it essential in the U.S. banking system?

An ABA routing number, or transit routing number, is a unique 9-digit code that serves as an identifier for each financial institution in the United States.

It differs from a bank account number in that an account number is personal, valid for the use of a single user only. By contrast, the routing number is a unique identifier for banks, credit unions, and digital banks.

The primary function of the routing number is to allow financial institutions to precisely identify which bank to send to or receive from during routine operations such as direct deposit of payroll, automatic payments (ACH), and electronic transfers.

It is important to note that this code is different from a bank account number and is not equivalent to the IBAN (International Bank Account Number), which is a set of numbers used especially in Europe to identify international bank accounts and is composed of the country code, check digits (the checksum of the bank account number), and a bank account number.

In the United States, however, the SWIFT/BIC code is used for international money transfers, not the IBAN.

Here are some crucial functions of the bank routing number in digital transactions.

Unique bank identification

The bank routing number helps prevent errors when identifying a specific bank and processing a transfer from one institution to another, even when they have similar names or many branches across the country.

Facilitates electronic transfers

This code is also indispensable so that ACH systems and wire transfers can send funds to the correct destination, quickly and securely.

Key for direct deposits

The ABA number is also essential for employers to make direct deposits, using that code together with the checking account number, without the need for checks or cash.

Automated bill payments

To set up automated payments for services such as electricity, water, and online subscriptions, you must provide the bank routing number so the billing system can process the transaction automatically.

Handling funds between banks

This number is also indispensable for transactions involving multiple financial institutions, such as interbank transfers or check clearing.

How to find a bank routing code and your bank account number

By now, the importance of the ABA number is clear. But how do you find a bank routing code? Knowing this information is the first step to making transfers correctly.

Likewise, it is essential to understand how to find your bank account number and to tell one number from the other to avoid confusion.

The routing number consists of 9 digits and identifies the bank. The account number has usually 10 to 12 digits and identifies the individual account within the bank.

To find your account number, look at the bottom of a check; it is the series of numbers that follows the routing number. You can also find it at the top of a statement or directly in the mobile application.

It is essential to make sure you have the correct routing number before making a transfer. Therefore, it is advisable to confirm it directly with your financial institution to avoid errors.

Many users ask where to find the routing number on a physical debit card. However, the routing number is not printed on such instrument because it is intended for digital transfers, not for payments at physical merchants.

These are the most common places to find the routing number for your bank or financial institution.

On your checks

Check the lower left corner of your personal or business checks; the routing number is the 9 digits shown there.Another relevant detail is the check number, which is usually at the top.

Mobile application

Another way to find this code is to access your mobile application and go to the transfers or direct deposit information section.

Bank statements

Check your latest bank statement, whether physical or digital; the routing number may appear in a section of that document.

Direct contact with your bank

If you have any doubt about the routing number, you can contact your bank by phone or visit a branch so they can clarify any questions before you make a bank transfer.

Your routing number and account: Key tools for your finances in the U.S. with Comun

Throughout this article, we have learned the importance of both the bank routing number and the bank account number in the U.S. financial system. Both are indispensable for carrying out fast and secure digital transactions.

Being clear about what a bank’s ABA number is not only lets you carry out digital transactions with ease but also gives you financial autonomy to allocate your resources toward the services you need for your well-being.

The U.S. financial system can seem complicated, especially for immigrant communities. That is why Comun seeks to streamline processes and offer transactions without complications.

• Receive and send money easily from your mobile application
• Integrate other applications and enhance your experience
• Access support available in Spanish and English
• Send international remittances with fees starting at $2.99 USD, up to the applicable limits.
• Get started with official ID from your country

Open your account today and discover an ally to manage your finances in the United States.

Frequently Asked Questions

If you have more questions, check our frequently asked questions section.

Where can I find my routing number if I don’t have checks?

You can find it on your account statement or by calling the bank directly.

What is the routing number for ACH transfers?

It is the code that identifies each bank and consists of 9 digits.

Is the routing number the same for all banks?

No. Each bank has a different routing number.

What is the routing number on a card?

The routing number does not appear on physical cards.

What is the routing number on a check?

It is found at the bottom of a check and consists of 9 digits.

If you need to make bank transfers in the United States, it will be useful to know what the ACH network is and understand its importance in the country’s banking system.

ACH (Automated Clearing House) is an Automated Clearing House that handles the processing of electronic transfers between U.S. accounts.

It is highly relevant for receiving direct payroll deposits, also known as ACH credits, and for processing recurring payments, due to several advantages compared to the traditional bank network, such as cost reduction and traceability of operations.

According to official sources, in 2024 the ACH payment network processed around 33.6 billion electronic payments, with a value close to $86.2 trillion, underscoring the importance of this method in the U.S. financial system.

On this occasion, we will explain in detail the advantages of this type of transaction and provide some recommendations so you can get the most out of them.

What is ACH and how does it work?

ACH or Automated Clearing House is a network that allows money to move between banks, credit unions, and other financial institutions in the United States, where the use of cash or checks is not necessary, because everything is processed electronically.

The central part of this system is NACHA (National Automated Clearing House Association), which oversees compliance with the rules and ensures transfers are carried out according to established security standards.

It is very likely that in your daily life you have already used the ACH system without noticing it. For example, for:

• Payroll deposits: every time you receive your salary in your bank account.

• Bill payments: to pay basic services such as electricity and internet automatically.

• Transfers between people: when you make an electronic transfer to a friend or to your own accounts.

Differences between ACH payments and other transfer methods

In the United States, there are different systems for moving money. In addition to the ACH network, you can rely on more traditional networks such as wire transfers and checks.

The main difference with other bank transfer systems is that ACH focuses on electronic, secure, and low-cost payments, which take longer than other options that tend to be more expensive; whereas ACH transfers are more suitable for recurring payments and direct deposits.

Below, we show you a comparative table so you can visualize the fundamental differences between ACH payments and other methods.

Benefits and some recommendations when using ACH payments

One of the main advantages of ACH payments is the security involved in using this system to transfer money. This is because it is regulated by an organization called NACHA, which verifies each transaction based on financial system regulations, thereby reducing the chances of fraud.

Despite the trust that ACH transfers provide, they also present some limitations.

These are the most common benefits and limitations of the ACH system:

Benefits

• It is the lowest-cost method of transferring money, as transactions are free or have minimal fees

• Transactions are protected by NACHA regulations, which guarantees their security

• It is a system well-suited for processing recurring payments and subscriptions

• It is easy to track operations, because all are recorded in the banking system

Limitations

• Transactions take longer to complete. Generally, they are reflected the next day or up to two business days later

• International money transfers cannot be made, only within the United States

• Some banks may set daily limits, so it is not advisable for moving large amounts of money

If you need an alternative for making recurring payments and direct deposits to a bank account within the United States, the ACH network is a popular alternative due to its security standards and accessibility. But if you are looking for other types of financial services, you can consider more comprehensive options.

At Común we make your ACH payments easier

As you can see, ACH payments are a reliable option for making and receiving money transfers, as long as they are scheduled transactions within the United States and within the limits set by banks.

It is very important to have a reliable and transparent partner to move your money and manage your personal finances in a comprehensive and efficient way.

Meet Común, the platform that integrates the ACH network for direct deposits, payments, and transfers, and uses a service that has clear and visible rates in the mobile app.

Discover everything Común offers you!

• Open your account with a qualified official ID from your country of origin—we accept more than one hundred of them!

• Get a debit card and make purchases easily

• Deposit cash at hundreds of locations near you

• Make international money transfers for a fee starting at $2.99 USD, up to the available limits

• Be part of a service that speaks your language and understands the needs of immigrants working in the United States

Don’t wait any longer—open your account at Común!

Frequently Asked Questions (FAQ)

If you have questions about what ACH is and what it is for, consult our Frequently Asked Questions section.

How long does an ACH transfer take?

Generally, ACH transfers take 1 to 2 business days. It is also possible they are completed the same day if the bank offers the same-day ACH option.

How much does it cost to send money via ACH?

ACH transfers are usually free up to the applicable limits. Some banks charge a minimal fee, around $3 USD. It is a more economical option than a wire transfer, which can cost more than $50 USD.

Is it safe to use ACH for personal payments?

Yes, ACH transfers are regulated by the NACHA system, so they are easily traceable and protected with anti-fraud security measures.

Can I use ACH if I don’t have a bank account in the U.S.?

No, to send money through the ACH system you need an account number from a U.S. bank or credit union. Otherwise, you can resort to more accessible alternatives such as Venmo, PayPal, and Común.

What is an ACH payment?

An ACH payment is a money transfer processed through the ACH system and managed by NACHA (National Automated Clearinghouse Association).

What is a wire transfer?

A wire transfer is a payment method that allows money to be moved from one bank to another electronically, both nationally and internationally.

Una cuenta de banco es una cuenta financiera que un cliente tiene en un banco. La cuenta bancaria permite a los clientes depositar y retirar dinero, así como emitir cheques. Por esto mismo también se le llama cuenta de cheques.

Las ventajas de tener una cuenta bancaria son, entre otras:

• fácil acceso a su dinero - acceso bancario 24 horas al día, 7 días a la semana, a través de la página web o la aplicación del banco
• no es necesario llevar dinero en efectivo encima
• posibilidad de ganar intereses por sus depósitos
• crear un historial de crédito, lo que puede ser importante cuando quiera pedir un préstamo en el futuro

¿Cómo abrir una cuenta bancaria?

Abrir una cuenta bancaria es relativamente fácil. Tendrás que facilitar algunos datos personales, como su nombre, fecha de nacimiento y dirección. También se le pedirá una identificación; normalmente el número de Seguridad Social (SSN por sus siglas en inglés) basta para esto. Bancos más modernos, como Comun, ofrecen la posibilidad de reemplazar el SSN con su pasaporte o matrícula consular. Es posible que también se le pida documentación que demuestre prueba de residencia.

Los diferentes tipos de cuentas bancarias disponibles

Hay diferentes cuentas bancarias entre las que puede elegir. La cuenta de banco más común es la cuenta corriente, que le permite depositar y retirar dinero, así como emitir cheques. Una cuenta corriente es una gran opción si quieres acceder a tu dinero fácilmente sin llevar efectivo encima, ya que la tarjeta de débito de tu cuenta te permite hacer pagos en cualquier establecimiento.

Otro tipo de cuenta bancaria habitual es la cuenta de ahorro. Las cuentas de ahorros le permite ahorrar dinero y ganar intereses sobre sus depósitos. Es una gran opción para los que quieren acumular sus ahorros con el tiempo.

También hay una serie de cuentas bancarias especializadas, como las cuentas para estudiantes, personas mayores y empresas. Asegúrese de investigar las diferentes cuentas bancarias disponibles y elija la que mejor se adapte a sus necesidades.

Cómo gestionar una cuenta de cheques en línea

Muchos clientes de bancos eligen gestionar su cuenta bancaria en línea. Esto puede hacerse a través del sitio web o la aplicación del banco. La gestión de su cuenta bancaria en línea le permite acceder a su cuenta 24 horas al día, 7 días a la semana.

Algunas de las cosas que puede hacer en línea son:

• ver el saldo de su cuenta y el historial de transacciones
• transferir dinero entre cuentas de ahorros y de depósitos
• pagar facturas
• pagar su tarjeta de crédito
• depositar cheques
• configurar alertas bancarias para eventos específicos, como un saldo bajo o un depósito grande

¿Cuáles son los costos de abrir una cuenta bancaria en Estados Unidos?

Algunas cuentas, como las que ofrece Comun, son completamente gratis. Sin embargo, hay muchos bancos que sí cobran comisiones. Entre ellos están algunos de los bancos más populares de Estados Unidos:  Bank of America, JPMorgan Chase, Citigroup y Wells Fargo. Éstas son algunas de las comisiones que cobran:

• cuota mensual de servicio
• requisito de saldo mínimo
• cargo por sobregiro
• comisión por canjeo de cheques.

Ciertos bancos también limitan el uso del español en sus interfaces digitales o en sus centros de atención al cliente. Asegúrese de investigar las comisiones que se cobran y el lenguaje que se usa antes de abrir una cuenta con cualquier banco.

Respaldo del FDIC

La Federal Deposit Insurance Corporation (FDIC) es una agencia gubernamental que asegura los depósitos de los consumidores en los bancos que forman parte de su red. Es importante escoger un banco que cuenta con este respaldo, ya que tendrás hasta $250,000 de tus fondos asegurados por el gobierno de Estados Unidos en caso de que tu banco falle.

Los beneficios de Comun

En Comun encontrarás una cuenta coriente completamente gratis, en español (desde la aplicación móvil hasta el servicio al cliente), y con la flexibilidad de aplicar con su pasaporte, sin importar su nacionalidad. La apertura de cuenta es muy fácil y tendrás acceso a ella 24 horas al día, al igual que la posibilidad de pagar facturas o depositar cheques. Comun cuenta con el respaldo del FDIC, así que tus fondos están asegurados por hasta $250,000 USD.

Como con cualquier otro servicio financiero, asegúrate de investigar diferentes opciones disponibles y elija la que mejor se adapte a sus necesidades.

Today, sending money to other countries has become a basic need for millions of immigrants living in the United States.

According to the IDFR ( International Day of Family Remittances) campaign in 2025, over the last decade, immigrants sent around 5 trillion dollars in remittances to their countries of origin, which are essential for food, housing, health, and other basic expenses.

To meet this need, there are applications such as Xoom, a PayPal service for transferring money using various payment methods and in a secure manner.

In this guide, we will review how to send money with Xoom step by step, its main features, and some alternatives to connect with your family outside the U.S.

What is Xoom, and is it safe to send money with this service?

Xoom is a digital transfer network owned by PayPal that operates entirely online and offers different sending options to facilitate transactions.

It has become one of the most popular options for making international digital money transfers, due to the backing provided by PayPal, which gives users a sense of security.

In addition to PayPal’s backing, Xoom has high security standards for transferring money, such as SSL encryption and the VeriSign seal.

Additionally, its services are available to send money from the United States to more than 70 countries, including Mexico, Guatemala, Honduras, Peru, among others.

7 detailed steps to send money with Xoom

To send money through Xoom, just follow the steps below.

Access Xoom (web or mobile application) and sign in or register

You can choose to log in via the website www.xoom.com or the mobile application. Once there, sign in or open an account with your email address. You can also use your PayPal account to access.

Select the destination country and the amount to send

Choose the country to which you want to send the transfer. Then you will see the sending options available for the selected destination.

Choose the sending method

Xoom offers the following payment methods:

• Bank deposit
• Cash pickup at physical locations, such as Oxxo or Elektra
• Mobile top-up
• Bill payment
• Cash delivery

Provide the recipient’s details

The information you must enter is:

• Full name, as it appears on their official ID
• Address
• Phone number
• Bank account (if applicable, depending on the sending method)

Select your payment method

Next, enter the amount you want to send and select the payment method, among which are:

• Linked bank account
• Debit card or credit card
• Available balance in your PayPal account

Review and confirm the transaction

Before confirming the transfer, Xoom will display the details so you can verify they are correct, along with the amount corresponding to fees, as well as the exchange rate used for the currency conversion.

Track your transfer with the tracking number

Obtain a tracking number and check the status of your transfer directly in Xoom’s application or website.

Key aspects to consider when using Xoom

Although Xoom is a popular alternative for making fast and secure transfers, it is important to consider several aspects before choosing this option.

Sending fees

Xoom’s sending fees are not fixed; they depend on the destination country, the amount to send, and the payment method.

Generally, the most expensive method is with a credit card and the least expensive is through an  account.

‍

‍

Exchange rate

The exchange rate can be another drawback because, in addition to being calculated directly on Xoom’s platform, it varies depending on the selected transfer method.

Sending limits

Xoom imposes sending limits that depend on each account’s verification level. For unverified users residing in the U.S., the daily limit is $2,999 USD. By contrast, verified users can send up to $10,000 or $50,000 USD per day, depending on their verification level.

Receiving options

Xoom has different receiving options, but they may vary depending on the destination country.

In general, it is possible to send money for cash pickup at different payout locations, by bank deposit, top-up, or bill payment.

Security and reliability

Xoom is backed by PayPal, in addition to SSL/TLS encryption to protect your financial information and anti-fraud monitoring to ensure your money reaches its destination.

Delivery times

Generally, money transfers via debit card and cash are reflected within minutes. However, other sending methods, such as bank deposit, can take from 1 business day.

The total time will appear before you confirm your transaction in Xoom’s application or on its website.

Accessibility

Xoom is also available in Spanish and, overall, is easy for migrants in the United States to use.

Modern alternatives to sending money with Xoom: Why is Común a smart choice?

Sending money outside the U.S. is essential, as is having efficient international transfer services such as Xoom. However, there are also more innovative options that offer you greater advantages and lower costs so that your family and friends receive much more.

Común is an innovative and comprehensive financial service that meets the financial needs of users living in the United States, especially immigrants. Unlike Xoom, Común has a specialized focus and transparent fees.

With Común:

• Open your account with an official ID from your country; more than 100 identifications are accepted.
• After your first free transfer, pay a fee starting at $2.99 USD per transfer, up to the applicable limits.
• Access customer service in Spanish and English, available 24/7.
• Get a Visa debit card to make purchases at physical merchants.
• Manage your finances from Común’s mobile platform, where you can sync your external bank account and manage your finances from the Común platform.

Still unsure which option is most convenient for sending money? Discover Común and get to know the easy and safe side of finance.

Frequently asked questions

If you want to learn more, see our FAQ section

How do I send money from Mexico to the United States using Xoom?

It is not possible to send money from Mexico through Xoom, since it only allows transfers from the United States, Canada, and other European countries.

How long does it take for money to arrive via Xoom?

Depending on the sending method, it ranges from minutes to up to 3 business days.

Is it safe to use Común to send money to Latin America?

Yes, Común has the necessary security measures in place to keep your money and personal data safe.

Can I use Común even if I don’t have a PayPal account?

Yes, Común is an independent platform from PayPal, and you can open an account with official ID from your country.

Can I make cash deposits if I don’t have a bank account in the U.S.?

Yes, Común allows you to deposit cash at numerous locations near you.

Living in the U.S., without a doubt, represents a major advantage for improving quality of life, due to the job opportunities this country offers both citizens and foreigners. However, adjusting to the pace of life in the United States also means facing various expenses that can affect personal finances, especially for newly arrived immigrants.

Savings strategies are an indispensable ally for reducing financial uncertainty, being prepared for any unforeseen event, and building a full future in a new country.

If you identify with this situation and are navigating difficulties covering monthly expenses, below we show different ways to save money in the USA tailored specifically to the reality of immigrants, as well as alternatives for savings accounts, so you can have full control of your capital.

10 ways to save money in the USA

Saving in the United States means developing a set of habits aimed at optimizing resources and choosing financial services with competitive interest rates.

Setting savings goals is the first step toward starting a healthy, worry-free financial life.

Below, we share some strategies to get the most out of your daily spending.

1. Plan and budget your expenses

Before making any move, it’s essential that you’re clear on the amount of your monthly income and outgoings, so you should start by keeping clear financial records.

To do this, you can use a personal finance and budgeting application or a spreadsheet, in order to record categories such as:

• Fixed expenses: all expenses you repeat every month such as rent, utilities, transportation, remittances, etc. 
• Variable expenses: expenses whose amount varies, such as food, entertainment, loans, etc. Based on your income, assign a budget to each. 
• Savings: it’s very important to make sure you keep a sufficient amount of money after covering your monthly expenses. It will help you build an emergency fund you can use for the unexpected. Set short-term financial goals so you can monitor your progress.

2. Take advantage of deals and coupons

An effective way to take advantage of deals at different department stores is to use an application that helps you compare prices; that way, you can choose an alternative without leaving home.

You can also take advantage of the loyalty programs several stores offer through their mobile applications, such as Safeway and Target.

3. Reduce housing costs

Depending on the city, rent can be one of the highest expenses in your budget. If you find that after covering this item your wallet is too tight, you can consider applying some strategies.

• Consider sharing an apartment with roommates.
• Look for an area with accessible rental prices, such as Texas. 
• By contrast, New York is among the most expensive places to live, so it’s advisable to look for more accessible options.
• Check your eligibility to access the public housing program with the Housing Authority.

4. Cook at home instead of eating out

Eating at restaurants is always tempting, but it can generate up to 5 times more expenses than preparing food at home. Plan weekly menus and avoid wasting food.

5. Use low-fee remittance services to send money to your country of origin

For immigrants in the United States, sending money home is a basic need, since it is one of the main means of support for their loved ones.

Before sending money to Latin America, make sure to compare different services in terms of transfer fees, exchange rate, delivery methods, and time.

Comun lets you send your first remittance at no cost (Promotion subject to change. Check availability in the mobile app) and offers accessible fees for the following ones. It is a popular option among immigrants for its accessibility and bilingual Spanish-language support, because it shares language, interests, and common goals: bringing families closer through safe and accessible financial solutions.

6. Use public transportation or share rides

Public transportation is a great way to get around a city at low cost. You can choose the bus service, ride-sharing applications, or, for short distances, a bicycle.

7. Look for assistance programs or local benefits available to immigrants

Check the availability of assistance programs in your city, such as medical care at community health clinics and food banks.

For example, the Supplemental Nutrition Assistance Program (SNAP) provides financial assistance for the purchase of nutritious food. Eligibility for this benefit depends on immigration status, as it requires citizenship or legal residency in the country.

8. Learn about credit and finances as an immigrant

Understanding the U.S. financial system is key to accessing basic services such as a bank account, debit card, credit card, etc. For this, you generally must have an SNN or ITIN. Therefore, it’s advisable to look for accessible options so you can integrate as soon as possible.

In addition, the U.S. government offers a retirement savings plan through the Individual Retirement Account (IRA), which allows you to accumulate money tax-free until it is withdrawn.

9. Buy second-hand to save from the start

Another way to save money is to buy household items at second-hand stores such as Craigslist, OfferUp, and Goodwill. In this way, you can save up to 50% of the budget allocated to these purchases.

10. Take advantage of government benefits

Another support program is Housing Vouchers, which help low-income families with rent payments. On the other hand, the Earned Income Tax Credit (EITC) is available to workers with low to moderate incomes.

What earns the most money in the United States?

If you’re wondering how to make more money in the USA, you should consider working in some of the country’s sectors if your profile fits any of them.

These are some of the highest-paying jobs in the United States, which will not only allow you to meet your savings goals but also significantly improve your quality of life.

Medicine

Professions related to the health sector in the United States are among the highest salary. Average earnings can reach up to $450,000 USD per year, depending on the specialty.

Public Services

This sector also reaches very good earnings, which average can reach up to $133,800 USD per year. This sector includes jobs related to electricity and the generation of renewable energy.

Information Technology (IT)

This is one of the highest-paying industries worldwide. In the United States, average annual salaries reach approximately $99,500 USD. It encompasses skills related to software development, artificial intelligence, and cybersecurity.

Finance

The average earnings of jobs related to the financial sector exceed $90,000 USD. In this case, you can specialize in professions such as portfolio management and investment banking or financial advisor.

Law

Finally, the legal sector is also very well paid, with average earnings of approximately $176,000 USD per year.

Open your account at Comun easily, quickly, and safely

Saving in the United States doesn’t mean giving up your quality of life, but rather adopting smarter money-management habits and developing a solid financial education.

You can start with simple savings strategies, such as taking advantage of digital discounts, reducing housing expenses, avoiding impulse purchases, and choosing more economical remittance platforms.

The key to strengthening your finances lies in organizing resources with a long-term vision and applying these strategies consistently to move toward your goals.

Meet Comun! The financial platform that addresses day-to-day needs in the United States, through an easy-to-use mobile app, where you can open an account in a matter of minutes with a qualified official ID from your country of origin. Send money to your loved ones without complications, so your family gets more for less. See terms and conditions. Exchange rates and fees may vary by country, amount, and delivery method.

Comun is a digital platform designed to help the immigrant community in the U.S., available in Spanish and English.

Frequently Asked Questions

If you still have questions, check our Frequently Asked Questions section.

Which account fits your needs in the United States?

Comun is a popular alternative among immigrants who seek accessible, quality services. Open your account today and discover all the benefits.

What is the 50-30-20 rule?

It’s a savings method that helps you divide your income to reach your financial goals: 50% for necessities, 30% for discretionary expenses, and 20% for your savings fund.

How can you make money quickly in the United States?

Look for flexible jobs on applications or sell things you no longer use on second-hand sites.

Despite the fact that digital payment methods have gained significant relevance practically worldwide, checks remain essential for carrying out certain transactions, especially for people without a banking account.

According to recent data, 61% of Americans still use checks. However, 17% have been victims of check fraud.

Knowing how to endorse a check in the United States is a necessary security measure to prevent fraud. While it can be a confusing procedure, it is crucial to understand it in order to avoid issues.

In this article, we will explain step-by-step how to correctly endorse checks, as well as the information you need to write on the back in order to cash the stated amount.

What Is a Check Endorsement and Why Is It So Important in the U.S.?

A check endorsement is a signature on the back of the check that serves as authorization for it to be cashed at a financial institution.

Its main function is to validate the cashing of the check, as well as authorize the transfer of funds, or to transfer the right to another person.

Knowing how to endorse a check is essential because it is a primary security requirement in the U.S. financial system, serving as a protection measure for the holder and the deposited funds.

What Is the Correct Way to Endorse a Check, and Where Should You Sign?

Below, we show you how to complete the endorsement before cashing checks at the bank.

Step 1: Verify the Check Details

Make sure the details on the front of the check are correct, such as the payee’s name, the amount in numbers and words, and the banking institution.

Step 2: Locate the Endorsement Area

Turn the check over and locate the statement “Endorse Here” or “Do not write below this line.” Avoid writing below the marked area.

Step 3: Sign the Check Precisely

Sign the check in the designated box, according to the type of endorsement you require. Next, we will explain everything about the different types.

But what should you do if the payee’s name is incorrect?

Example of How to Endorse a Check if the Name Is Misspelled

If the payee’s name is incorrect, you should first sign as it appears and then sign again with the corrected name.

James Smit — James Smith

Step 4: Consider a Restrictive Endorsement (Highly Recommended!)

A restrictive endorsement is a security measure to prevent an unauthorized third party from cashing the check, as it limits the form of payment to a registered banking account. It is linked to the information provided on the back of the check.

Step 5: Multiple-Payee Endorsements

If the check is made out to more than one payee, one or all may need to sign the endorsement, depending on how it is written.

• Katy Adams and Mark Palmer: Signatures from both are required

• Katy Adams or Mark Palmer: One signature is sufficient

• Katy Adams and/or Mark Palmer: Depending on the intermediary bank, one or two signatures may be required

• Katy Adams, Mark Palmer, etc.: The bank determines whether one or all signatures are necessary

Types of Endorsements: Know the Options for Your Checks

Before endorsing your check, verify which type is most suitable depending on the transaction you need to perform. For example, a restrictive endorsement is a way to secure your money, just like using modern financial alternatives such as Común, a comprehensive service that gives you access to unified and efficient financial tools.

Blank Endorsement

A blank endorsement is carried out when the same payee cashes the check in cash. In this case, only the signature in the designated area is needed.

Restrictive Endorsement

A restrictive endorsement is a security measure to ensure that the funds are deposited into a specific banking account.

To do this, you must include the statement “for deposit only to” + bank name, account number, and signature.

This is the most recommended method for Común users who make deposits via mobile, as it provides protection for the check in case of loss and ensures that the money is deposited into the designated account.

Third-Party Endorsement

If the check will be cashed by a third party, it must be endorsed as follows.

Pay to the order of: (name of another person) + signature

It is important to exercise extreme caution with this type of endorsement. Use it only with trusted individuals, and in case of theft or loss of a check, report it to the financial institution immediately.

Business Endorsement

A business endorsement is made when a check is cashed in the name of a company. This requires including the full name of the company, followed by the signature of the authorized legal representative.

Mobile Deposit Endorsement

To deposit check funds through a mobile application or mobile banking, it must be endorsed as follows:

For mobile deposit only + your signature.

Deposit your endorsed check easily and securely using Común

Cashing checks is a process that requires special care and attention in order to avoid mistakes and setbacks that could affect the transaction.

This time, we learned the importance of correctly endorsing a check in the United States, as well as the different types that exist, according to the available cashing methods.

Now that you know how to fill out a check on the back, you can rely on Común to deposit the funds through the mobile app.

Skip the lines: Deposit your check from the app; availability of funds may vary.

Común offers you the necessary security to protect your money and personal data

It is an accessible platform for immigrants in the United States; request to open your account with documentation from your country

Get customer support in English and Spanish, available 24/7

Access a comprehensive mobile app to manage your personal finances in the simplest way

Común will not only make the check deposit process easier, but it will also transform your financial life in the United States. Open your account today and find out.

Frequently Asked Questions

Is it mandatory to endorse a check in the United States?

In most cases, yes, it is necessary. If you request a deposit through an ATM or application, the bank may not require an endorsement.

What happens if I sign the check incorrectly when endorsing it?

Avoid cross-outs or scratches and endorse the check again. If the bank rejects it, ask the issuer to issue a new one.

Can I endorse a check to another person?

You can endorse a check so that it can be cashed by another person with the statement “pay to order of” along with the payee’s name. However, this process is restricted according to each bank’s specific policies.

Is it safe to deposit a check with the mobile app?

It is safe to deposit a check through the Común mobile app, as your data is encrypted and it includes other security measures such as two-step verification.

¿Qué es la Red de Pagos en Tiempo Real (RTP)?

La red de Pagos en Tiempo Real (RTP) es una infraestructura financiera avanzada diseñada para facilitar las transferencias de dinero instantáneas en tiempo real. Introducida por The Clearing House en 2017, la red RTP permite la transferencia inmediata de fondos entre instituciones financieras participantes. Este sistema opera las 24 horas del día, los 365 días del año, lo que garantiza que las transacciones puedan realizarse en cualquier momento, incluidos fines de semana y días festivos.

Las características clave de la red RTP incluyen:

• Disponibilidad Inmediata de Fondos: Los fondos están disponibles para el destinatario en segundos después de iniciar la transacción.
• Comunicación Mejorada: El sistema RTP admite mensajería detallada, lo que permite a los remitentes y destinatarios intercambiar información sobre el pago.
• Mayor Seguridad: Las medidas avanzadas de cifrado y autenticación ayudan a proteger las transacciones contra fraudes.

Características Clave de la Red RTP

• Velocidad: Las transacciones se completan en segundos, proporcionando disponibilidad inmediata de fondos al destinatario.
• Seguridad: La red RTP emplea protocolos avanzados de cifrado y autenticación para garantizar la seguridad de las transacciones.
• Transparencia: Las actualizaciones y confirmaciones en tiempo real permiten que ambas partes sigan el estado de sus pagos al instante.
• Interoperabilidad: La red RTP está diseñada para funcionar sin problemas con varias instituciones financieras, lo que permite una amplia compatibilidad y adopción.

La red RTP está diseñada para admitir una variedad de tipos de pago, incluidos los pagos de persona a persona (P2P), de empresa a empresa (B2B) y de empresa a consumidor (B2C), lo que la convierte en una herramienta versátil para las operaciones financieras modernas.

¿Cómo Funcionan los Pagos en Tiempo Real?

Los pagos en tiempo real revolucionan la experiencia bancaria tradicional al permitir transferencias de dinero instantáneas. Esta eficiencia es posible gracias a la tecnología avanzada y los protocolos de comunicación seguros. A continuación, se presenta un análisis detallado de cómo funcionan los pagos en tiempo real.

El Proceso de los Pagos en Tiempo Real

La mecánica de los pagos en tiempo real implica varios pasos clave, que garantizan tanto la velocidad como la seguridad:

Iniciación del Pago

• El remitente inicia un servicio de pago a través de la plataforma en línea de su banco o una aplicación móvil.
• Se ingresan detalles esenciales como la información de la cuenta del destinatario, el monto y el propósito del pago.

Validación y Autenticación

• El banco del remitente valida los detalles del pago y autentica la identidad del remitente.
• La verificación incluye comprobar que haya fondos suficientes en la cuenta del remitente para cubrir la transacción.

Transmisión del Pago

• Una vez validado, el pago se transmite a través de la red RTP.
• La red RTP facilita el intercambio de datos en tiempo real entre los bancos del remitente y del destinatario.

Procesamiento del Banco Receptor

• El banco receptor recibe las instrucciones de pago y verifica su autenticidad.
• Luego, el banco receptor acredita la cuenta del destinatario con el monto especificado.

Confirmación en Tiempo Real

• Tanto el remitente como el destinatario reciben notificaciones en tiempo real que confirman la transacción exitosa.
• Esta transparencia asegura que ambas partes estén al tanto del estado del pago de inmediato.

Plataforma digital financiera diseñada para tu vida en USA

Abre tu cuenta corriente¹ en 3 minutos con la ID de tu país²

Abre tu cuenta

Infraestructura Técnica Detrás de los Pagos en Tiempo Real

El funcionamiento fluido de los pagos en tiempo real depende de una infraestructura técnica robusta. Los componentes clave incluyen:

• Pasarelas de Pago: Facilitan la transferencia de datos de pago entre los bancos y la red RTP.
• APIs (Interfaces de Programación de Aplicaciones): Permiten que los bancos integren sus sistemas con la red RTP, asegurando una comunicación y procesamiento de transacciones sin problemas.
• Protocolos de Cifrado: Protegen los datos de la transacción durante la transmisión, evitando el acceso no autorizado.
• Sistemas de Detección de Fraude: Algoritmos avanzados y modelos de aprendizaje automático monitorean las transacciones en tiempo real para detectar y prevenir actividades fraudulentas.

Medidas de Seguridad en los Pagos en Tiempo Real

Garantizar la seguridad de los pagos en tiempo real es fundamental. Se implementan varias capas de seguridad para proteger las transacciones:

• Autenticación Multifactor (MFA): Se requiere que los usuarios verifiquen su identidad mediante varios métodos de autenticación, como contraseñas, datos biométricos o códigos de un solo uso.
• Cifrado: Todos los datos de las transacciones se cifran durante la transmisión para evitar la interceptación y el acceso no autorizado.
• Tokenización: La información sensible, como los números de cuenta, se reemplaza con tokens únicos que solo pueden ser interpretados por partes autorizadas.
• Monitoreo Continuo: Las transacciones se monitorean continuamente en tiempo real para detectar cualquier patrón inusual que pueda indicar actividad fraudulenta.

Ejemplos de Casos de Uso de Pagos en Tiempo Real

Los pagos en tiempo real se utilizan en diversos escenarios, mejorando la eficiencia de las transacciones financieras en diferentes sectores:

• Transferencias de Persona a Persona (P2P): Amigos y familiares pueden enviarse dinero al instante, independientemente del banco que utilicen.
• Pagos de Empresa a Empresa (B2B): Las empresas pueden pagar a proveedores y socios de inmediato, mejorando la gestión del flujo de caja y las operaciones comerciales.
• Pagos de Empresa a Consumidor (B2C): Las empresas pueden pagar a empleados, contratistas o proveedores de servicios al instante, asegurando una compensación oportuna.
• Transacciones de Comercio Electrónico: Los minoristas en línea pueden recibir pagos al instante, lo que permite un procesamiento y envío de pedidos más rápido.

Ventajas de los Pagos en Tiempo Real

Los beneficios de los pagos en tiempo real son multifacéticos y ofrecen ventajas significativas sobre los métodos de pago tradicionales:

• Velocidad: Las transacciones instantáneas eliminan los períodos de espera para que los fondos estén disponibles.
• Conveniencia: Las transacciones se pueden realizar en cualquier momento, desde cualquier lugar, sin las restricciones de los horarios bancarios.
• Eficiencia: Simplifica las operaciones financieras tanto para individuos como para empresas, reduciendo el tiempo y el esfuerzo necesarios para procesar pagos.
• Transparencia: Las notificaciones y confirmaciones inmediatas mantienen a todas las partes informadas en tiempo real.

Los pagos en tiempo real representan un avance significativo en la industria financiera, ofreciendo una forma fluida, segura y eficiente de transferir fondos. A medida que la adopción de los sistemas de pago en tiempo real continúa creciendo, los beneficios serán cada vez más generalizados, transformando la forma en que manejamos las transacciones financieras.

RTP vs. Otros Tipos de Pago

Los pagos en tiempo real (RTP) ofrecen una ventaja distintiva sobre los métodos de pago tradicionales al proporcionar un procesamiento de transacciones inmediato y disponibilidad de fondos. Para comprender el alcance completo de los beneficios de los RTP, es útil compararlos con otros tipos de pago comunes: transferencias de la Cámara de Compensación Automatizada (ACH) y Pagos Inmediatos.

RTP vs. ACH

Las transferencias de la Cámara de Compensación Automatizada (ACH) han sido un pilar en las transacciones financieras durante décadas. Sin embargo, los RTP ofrecen varias mejoras que los convierten en una opción superior en muchos escenarios. Aquí hay una comparación:

• Velocidad:
  • RTP: Las transacciones se procesan al instante, con fondos disponibles para el destinatario en segundos.
  • ACH: Las transacciones generalmente tardan de uno a tres días hábiles en liquidarse, ya que se procesan en lotes.
• Disponibilidad:
  • RTP: Opera las 24 horas del día, los 365 días del año, lo que permite realizar transacciones en cualquier momento, incluidos fines de semana y días festivos.
  • ACH: Limitado a días y horas hábiles, sin procesamiento los fines de semana ni días festivos.
• Costo:
  • RTP: Aunque los costos pueden variar, las transacciones RTP suelen tener tarifas competitivas, que pueden ser más bajas que las de los servicios ACH acelerados.
  • ACH: Generalmente son de menor costo para transacciones estándar, pero las transferencias ACH aceleradas pueden incurrir en tarifas más altas.
• Transparencia:
  • RTP: Proporciona confirmaciones de transacciones en tiempo real y capacidades de mensajería detalladas, mejorando la transparencia.
  • ACH: Las notificaciones suelen retrasarse, y los mensajes detallados de transacciones no son tan sólidos.
• Casos de Uso:
  • RTP: Ideal para pagos urgentes, transferencias entre personas (P2P) y transacciones comerciales que requieren disponibilidad inmediata de fondos.
  • ACH: Adecuado para nóminas regulares, pagos de facturas y transacciones en masa donde la disponibilidad inmediata no es crítica.

RTP vs. Pagos Inmediatos

Los pagos inmediatos, como los facilitados por redes de tarjetas de crédito o ciertos servicios de pago digital, también ofrecen tiempos de procesamiento rápidos. Así es como se comparan con RTP:

• Tiempo de Procesamiento:
  • RTP: Las transacciones se liquidan al instante, proporcionando disponibilidad inmediata de fondos.
  • Pagos Inmediatos: A menudo se procesan en segundos o minutos, pero los tiempos de liquidación pueden variar según el proveedor de servicios.
• Costo:
  • RTP: Generalmente más rentable, especialmente para transacciones de alto valor, ya que las tarifas suelen ser más bajas en comparación con las tarifas de procesamiento de tarjetas de crédito.
  • Pagos Inmediatos: Las transacciones con tarjeta de crédito pueden incurrir en tarifas más altas debido a los cargos de procesamiento y tarifas de intercambio.
• Seguridad:
  • RTP: Emplea cifrado avanzado, autenticación multifactor y monitoreo continuo para la detección de fraudes.
  • Pagos Inmediatos: Las medidas de seguridad varían según el proveedor, pero generalmente incluyen cifrado y monitoreo de fraudes.
• Uso:
  • RTP: Se utiliza para una amplia gama de transacciones, incluidas las transferencias P2P, pagos B2B y B2C.
  • Pagos Inmediatos: Comúnmente utilizados para transacciones de consumo, compras en línea y pagos de pequeñas empresas.
• Disponibilidad:
  • RTP: Siempre disponible, independientemente de la hora o el día.
  • Pagos Inmediatos: La disponibilidad depende del proveedor de servicios, pero muchos ofrecen procesamiento casi instantáneo.

Al comprender estas comparaciones, queda claro que los RTP aportan un nivel de eficiencia, conveniencia y seguridad que los métodos de pago tradicionales no pueden igualar. Como resultado, los RTP están ganando popularidad tanto para transacciones financieras personales como comerciales.

Aprende mas sobre los diferentes tipos de transferencias bancarias

Aplicaciones de Transferencia Instantánea

Además de los canales bancarios tradicionales, las aplicaciones de transferencia instantánea han surgido como herramientas populares para facilitar las transferencias de dinero en tiempo real. Estas aplicaciones aprovechan la red de Pagos en Tiempo Real (RTP) y otras tecnologías de pago en tiempo real para proporcionar a los usuarios formas rápidas y convenientes de enviar y recibir fondos. Exploremos algunas de las aplicaciones de transferencia instantánea más utilizadas y cómo funcionan.

Aplicaciones de Transferencia Instantánea Populares

• Venmo: Una aplicación ampliamente utilizada que permite a los usuarios enviar y recibir dinero con amigos y familiares, con una interfaz similar a las redes sociales para mayor conveniencia.
• Zelle: Integrada con los principales bancos, Zelle ofrece transferencias directas de banco a banco, lo que la hace conveniente para los usuarios con cuentas en instituciones financieras participantes.
• Común App: Común es una recién llegada al mercado de aplicaciones de transferencia instantánea, ganando atención por su interfaz fácil de usar y su enfoque en servicios financieros impulsados por la comunidad inmigrante. Con Común, los usuarios pueden enviar dinero al instante a amigos, familiares y negocios, mientras acceden a una gama de funciones diseñadas para empoderar financieramente a las comunidades.

Estas aplicaciones han hecho que las transferencias instantáneas sean accesibles a un público más amplio, simplificando el proceso de enviar y recibir dinero.

Conclusión

Las transferencias de dinero en tiempo real, facilitadas por la red RTP y aplicaciones de transferencia instantánea como Venmo, Zelle y Común, ofrecen una velocidad, conveniencia y seguridad incomparables en las transacciones financieras. Con la disponibilidad inmediata de fondos, operación las 24 horas del día y interfaces fáciles de usar, estas tecnologías están transformando la forma en que gestionamos nuestras finanzas. Adoptar las transferencias en tiempo real abre nuevas posibilidades para interacciones financieras eficientes e inclusivas, empoderando a individuos y empresas en todo el mundo.

‍

Some of the best English classes to learn online as an immigrant in the U.S.

Although moving to the United States brings a number of benefits due to the wide range of job opportunities available, it also presents challenges, such as the language barrier, which can limit opportunities for many immigrants who have not had access to formal language education.

While it may seem like a difficult goal to achieve, speaking English can make many aspects of daily life easier — such as getting a job, going to school, or handling important paperwork.

Fortunately, technology allows more people to learn English for free and easily, through platforms and mobile apps that offer lessons from anywhere. Below, we’ll show you some of the best options for immigrants who live or plan to live in the United States to learn English.

5 Reliable Platforms to Learn English from Scratch

For many people, taking in-person English classes isn’t always the best option due to cost, schedules, and transportation challenges. If you face any of these obstacles, you should know about practical alternatives from educational institutions and online platforms — ideal for those who prefer a more academic or progressive learning path.

Below, we present 5 reliable alternatives for learning English online.

British Council

This is one of the most prestigious English teaching institutions worldwide. Its platform offers a variety of courses for beginner, intermediate, and advanced students, segmented by skills: listening comprehension, grammar, writing, and conversation.

It stands out as a very complete option since students can supplement lessons with various materials such as podcasts, videos, and exercises prepared by certified English teachers.

Coursera

Coursera is a platform that offers free English courses in collaboration with prestigious universities, maintaining an academic and professional focus.

This is an excellent option if you’re looking to improve your English to access better job opportunities or refine specific skills to sound more like a native speaker.

BBC Learning English

This platform focuses on teaching English through current content, such as international and cultural news. It’s an ideal alternative for students who want to improve listening comprehension and expand their vocabulary.

USA Learns

This is an official U.S. government platform. It is specifically designed for people who want to acquire basic language skills to handle real-life situations such as visiting the doctor, ordering food, or completing immigration paperwork.

Alison

Alison is another dynamic alternative that offers a variety of free courses across different levels and practical skills. Students can also focus on specific areas, such as business English or preparation for certifications like the TOEFL.

Platform

Type of Course

Level

Main Benefit

British Council 

Courses segmented by skills, general English.

From beginner to advanced.

Structured learning units with rich study materials.

Coursera

Academic and professional English.

From intermediate to advanced.

Courses focused on improving professional communication skills.

BBC Learning English

Everyday English.

From beginner to advanced.

Short lessons based on current topics.

USA Learns

Practical English.

Beginner.

Designed to equip students with the skills needed to communicate in everyday situations.

Alison

Business English and official certification preparation.

From beginner to advanced.

Offers the option to earn official digital certificates.

Mobile Applications to Learn English for Free

In addition to the options above, you can also explore other alternatives known for their flexibility in helping you learn English easily.

Mobile language-learning apps let users study anywhere, anytime, and serve as a fun complement to traditional courses.

Duolingo

Duolingo is the most famous and culturally influential app. It uses gamified lessons that unlock progressively as users acquire new skills. It’s ideal for building vocabulary.

Mondly

Mondly focuses on conversational practice and pronunciation using tools like voice recognition and artificial intelligence to interact with virtual characters.

Busuu

Busuu is one of the most comprehensive language-learning apps. In addition to structured lessons based on the Common European Framework, it allows students to interact with native speakers.

Memrise

Memrise focuses on improving listening comprehension and learning new vocabulary through videos of real-life situations presented by native English speakers.

HelloTalk

HelloTalk makes English practice easier by connecting people around the world interested in cultural and language exchange.

How to Choose the Right English Course for You

As you can see, there are many ways to learn and improve your English. Each has different approaches and benefits, so there’s no single “best option” — it depends on your level and specific needs.

Before deciding which online English course is best for you, consider these recommendations:

• Define your goals: be clear about why you want to learn or improve your English.

• Evaluate your current English level: whether you’re a beginner or already advanced.

• Compare platforms and apps: take time to find the one that best fits your needs.

• Review the course duration and format: make sure to organize your time so you can attend classes consistently and on schedule.

• Complement your study with conversation practice: it’s very important to engage with native speakers in real-life situations and different accents.

The most important factor in making language study effective is consistency, regardless of which platform you choose.

Practical Tips to Improve Your English Every Day

In addition to the classes on platforms or the interactive resources in apps, it’s important to incorporate strategies that help improve your confidence and fluency when communicating in English.

Here are some practical tips designed to make life easier for immigrants in the United States.

• Listen to English every day: whether on YouTube videos or movies. The goal isn’t to understand 100%, but to start getting used to the language.

• Practice with friends or coworkers: if you have people you trust, don’t hesitate to ask them for help.

• Apply what you’ve learned in your environment: mentally review your surroundings and try to name the things around you in English.

• Use technology to your advantage: rely on AI-powered tutors or platforms that offer automatic corrections.

Learning English and managing your finances with Comun are key steps to achieving your goals in the U.S.

In this article, we explained why learning English is important if you plan to live in the U.S., and showed you various platforms and apps designed to help you build essential language skills.

Fortunately, the immigrant community in the U.S. has allies dedicated to supporting them through their adaptation and growth in the country.

Discover Comun — the digital platform designed to meet the financial needs of immigrants.

At Comun, we believe every new learning step brings you closer to your dreams: learning English and organizing your money with Comun are steps toward achieving your goals in the United States.

Frequently Asked Questions (FAQ)

What is the best free online English course for beginners?

There are several English course options. If you have no prior knowledge, it’s recommended to start with British Council courses and complement with Duolingo.

How long does it take to learn basic English?

It depends on your consistency. If you dedicate even a small amount of time daily, you should notice improvement within three months.

What’s the best free method for adults to learn English?

There isn’t just one method to learn English. Try combining practice across different language skills using interactive platforms.

‍