Las cuentas corrientes son una herramienta esencial para manejar nuestras finanzas personales, y el tipo de cuenta principal que utilizarás en el día a día en Estados Unidos. En este artículo, te explicaremos todo lo que necesitas saber sobre ellas y cómo puedes elegir la mejor opción para ti.

¿Qué es una cuenta corriente y por qué la necesitas?

Una cuenta corriente es un tipo de cuenta bancaria que te permite depositar y retirar dinero con facilidad. Es la cuenta más comúnmente utilizada para manejar transacciones diarias como pagar facturas, hacer compras y recibir tu salario. La necesitas porque te proporciona un lugar seguro para guardar tu dinero y te permite realizar transacciones financieras de manera eficiente.

Ventajas de tener una cuenta corriente

Las cuentas corrientes ofrecen varias ventajas:

1. Primero, te proporcionan un lugar seguro para guardar tu dinero.
2. Segundo, facilitan el manejo de tus finanzas al permitirte realizar transacciones fácilmente.
3. Tercero, muchas cuentas corrientes ofrecen servicios adicionales como tarjetas de débito, cheques, y acceso a banca en línea y móvil.

Diferencias entre cuentas corrientes y cuentas de ahorros

Mientras que una cuenta corriente está diseñada para transacciones diarias, una cuenta de ahorros está diseñada para guardar dinero a largo plazo. Las cuentas de ahorros suelen ofrecer tasas de interés más altas, lo que te permite ganar dinero con tus ahorros. Sin embargo, no son tan accesibles como las cuentas corrientes y pueden tener restricciones sobre el número de transacciones que puedes realizar.

Requisitos frecuentes para abrir una cuenta corriente

Documentación necesaria

Para abrir una cuenta corriente, generalmente necesitarás proporcionar una identificación con foto, prueba de domicilio y tu número de seguro social o número de identificación fiscal.

En Común, la banca online para inmigrantes en Estados Unidos, los principales documentos que necesitarás son:

1. Documentación oficial de tu país de origen
2. Un número de identificación fiscal como ITIN o número de seguro social (SSN).
3. Comprobante de domicilio en Estados Unidos como un recibo a tu nombre donde aparezca la dirección de tu domicilio dentro de territorio estadounidense.

El proceso de abrir una cuenta corriente con Común es 100% online y puede ser realizado en menos de 5 minutos. 

Depósito mínimo y otras condiciones

Algunos bancos requieren un depósito mínimo para abrir una cuenta corriente. Además, pueden aplicar cargos si tu saldo cae por debajo de un cierto nivel. Por ejemplo, Chase Bank ofrece la cuenta Chase Total Checking y Citi Bank ofrece la cuenta Citi Basic Banking Package, que incluyen acceso a miles de cajeros automáticos, servicio de banca en línea y móvil. Sin embargo, como muchos de los otros bancos tradicionales, cobran una cuota mensual de servicio de entre $8 a 12 al menos que cumples con ciertos requisitos de balance promedio mensual o un monto mínimo depositado por medio de depósitos directos mensualmente. Adicionalmente, pueden cobrar cobros de sobregiro de hasta $39 o más.

Sin embargo, en Común no hay un monto de depósito mínimo, balance minimo mensual, o costo de servicio mensual, ni tampoco costos escondidos en la letra pequeña.

Lo que no te dicen sobre las cuentas corriente en Estados Unidos:

Generalmente, puedes acceder a los fondos depositados en tu cuenta a través de retiros en cajeros automáticos, cheques, transferencias electrónicas, y tarjetas de débito. Sin embargo es importante que sepas que cada institución bancaria puede cobrar tarifas por la realización de cada una de estas operaciones y es importante que las sepas antes de abrir una cuenta bancaria con ella para comparar tus opciones e identifiques la que más te convenga en practicidad.

Por otra parte, muchos bancos requieren un depósito inicial para abrir una cuenta corriente. La cantidad varía según el banco, pero puede oscilar entre $25 y $100. En el caso de la cuenta corriente de Común, no tiene ningún costo, es decir, el monto de depósito inicial para abrir una cuenta corriente es de $0.

Adicionalmente, las cuentas corrientes pueden tener varias tarifas adicional a las tarifas de mantenimiento mensual, como lo son las tarifas de cajero automático, tarifas por sobregiro y más. Algunos bancos renuncian a la tarifa mensual si mantienes un saldo mínimo o tienes un depósito directo regular. En Común, puedes depositar y retirar dinero de manera gratuita en más de 55mil cajeros automáticos en Estados Unidos que puedes encontrar en establecimientos como Walgreens, CVS, Target, y más.

Algunos bancos ofrecen una protección de sobregiro que te impide rebotar cheques o que tu tarjeta de débito sea rechazada si no tienes suficiente dinero en tu cuenta. Sin embargo, este servicio puede venir con tarifas elevadas, por lo que es importante entender los términos.

Y si vives en el siglo XXI, el acceso a la banca en línea y móvil te permite revisar tu saldo, pagar facturas, depositar cheques y transferir dinero desde cualquier lugar.

Una característica especial de las cuentas corrientes es el Seguro FDIC. Los bancos en los EE. UU. suelen estar asegurados por la Corporación Federal de Seguro de Depósitos (FDIC). Esto significa que incluso si el banco quiebra, tu dinero (hasta $250,000) está protegido. Por ejemplo, las cuentas bancarias de Común están aseguradas por el FDIC por hasta $250,000 USD a través del banco afiliado Piermont Bank.

Las cuentas corrientes son una herramienta esencial para manejar tus finanzas personales. Te proporcionan un lugar seguro para guardar tu dinero y te permiten realizar transacciones financieras de manera eficiente. Al elegir una cuenta corriente, debes considerar factores como las tarifas, los servicios ofrecidos, la ubicación y reputación del banco, y las tasas de interés. Con la información correcta, puedes elegir la cuenta corriente que mejor se adapte a tus necesidades.

Si buscas abrir una cuenta corriente y obtener una tarjeta de débito, ¿qué esperas para hacerlo con Común? 

Cuentas Bancarias

‍Tener una cuenta bancaria es esencial para gestionar tu vida financiera de manera eficiente y ofrece numerosos beneficios prácticos. Una de las principales ventajas es el almacenamiento seguro del dinero. A diferencia de mantener efectivo en casa, que puede ser vulnerable a robos, pérdidas y daños, el dinero guardado en una cuenta bancaria es seguro y protegido. Además, las cuentas bancarias proporcionan una gran conveniencia para las transacciones diarias. Puedes pagar facturas fácilmente, recibir depósitos directos, retirar efectivo y hacer compras con una tarjeta de débito vinculada a tu cuenta. La banca moderna también te permite gestionar tus finanzas desde prácticamente cualquier lugar a través de plataformas de banca en línea y móvil.

Tipos de Cuentas Bancarias: Corriente y de Ahorros

‍En el ámbito de las finanzas personales, entender los diferentes tipos de cuentas bancarias es crucial.

• Cuentas Corrientes: Las cuentas corrientes, a menudo llamadas cuentas corrientes personales, están diseñadas para transacciones diarias como depositar dinero y compras con tarjeta de débito. Frecuentemente vienen con la opción de depósitos directos y pagos de facturas en línea. Entender las diferencias entre las cuentas corrientes y de ahorros es esencial, especialmente cuando se consideran promociones y bonificaciones bancarias que a menudo presentan ofertas específicas para abrir nuevas cuentas corrientes y de ahorros, incluyendo requisitos de depósitos directos y depósitos mínimos para calificar para bonificaciones en efectivo.
• Cuentas de Ahorros: Las cuentas de ahorros, incluidas las formas especializadas como la cuenta de ahorros de Barclays, están destinadas a almacenar dinero durante un período más largo, a menudo con el objetivo de construir un fondo de emergencia. Estas cuentas pueden ofrecer una tasa de interés más alta y, a veces, requieren un saldo mínimo. La combinación de cuentas corrientes y de ahorros puede proporcionar una solución bancaria integral, ofreciendo tanto la flexibilidad de las transacciones diarias como el beneficio de ganar intereses sobre ahorros a largo plazo, lo cual es particularmente ventajoso cuando los bancos ofrecen promociones y bonificaciones para estas cuentas.
• Cuentas del Mercado Monetario y CD (Certificado de Depósito): Generalmente ofrecen rendimientos porcentuales anuales más altos que las cuentas de ahorros regulares, bloqueando los fondos durante un período especificado para lograr mejores retornos.

Entender estas opciones ayuda a alinear los servicios bancarios con tus objetivos financieros, ya sea que estés considerando abrir una cuenta corriente empresarial o una cuenta de ahorros conjunta en el mismo banco o cooperativa de crédito.

Abrir tu Primera Nueva Cuenta Bancaria

‍Para abrir una cuenta, particularmente una nueva cuenta bancaria en línea, comienza eligiendo la institución financiera adecuada: puede ser un banco solo en línea, un banco tradicional o una cooperativa de crédito, dependiendo de tus necesidades y preferencias financieras. Considera factores como la accesibilidad, el servicio al cliente, las estructuras de tarifas y la disponibilidad de funciones de banca en línea y móvil al seleccionar dónde abrir tu cuenta.

El proceso generalmente implica hacer un depósito inicial, que puede variar pero a menudo es un depósito mínimo de apertura. Cumplir con el depósito mínimo es crucial para calificar para las bonificaciones de la cuenta. Algunas instituciones pueden requerir solo unos pocos dólares, mientras que otras pueden pedir una cantidad mayor, especialmente para cuentas premium o especializadas. Durante la fase de apertura de la cuenta, necesitarás proporcionar información personal como un número de Seguro Social o un Número de Identificación del Contribuyente Individual, y una identificación emitida por el gobierno, como un pasaporte o licencia de conducir. Esta información ayuda al banco a garantizar el cumplimiento de los requisitos regulatorios, incluyendo los relacionados con el lavado de dinero.

Muchos bancos ofrecen bonificaciones de cuenta bancaria o una bonificación de cuenta corriente a nuevos clientes de cuentas corrientes, lo cual puede ser un incentivo atractivo. Abrir una cuenta corriente personal en América viene con bonificaciones y recompensas específicas, incluyendo bonificaciones en efectivo por cumplir ciertos requisitos como un depósito directo calificado. Para calificar para estas bonificaciones, los clientes a menudo necesitan cumplir con criterios como un depósito mínimo dentro de un cierto plazo y mantener ese saldo por un período específico. Por ejemplo, algunas instituciones financieras ofrecen bonificaciones en efectivo por configurar un depósito directo calificado. Este incentivo a menudo requiere que recibas un pago regular, como un salario o un beneficio gubernamental, directamente en tu nueva cuenta dentro de un cierto período de tiempo desde la apertura de la cuenta. Asegúrate de entender los términos y condiciones asociados con estas bonificaciones, como los requisitos de saldo mínimo y la duración de los depósitos directos.

Además, pregunta sobre cualquier tarifa potencial asociada con la cuenta, como tarifas de mantenimiento mensual, tarifas de uso de cajeros automáticos y cargos por sobregiro. A veces, los bancos ofrecen exenciones de tarifas en ciertas condiciones, como mantener un saldo mínimo o incluso por inscribirse en depósitos directos. También es beneficioso preguntar sobre las políticas de sobregiro del banco. Algunos bancos ofrecen programas de protección contra sobregiros, que pueden evitar que incurras en tarifas si accidentalmente sobregiras tu cuenta. Este servicio puede ser un salvavidas para los nuevos titulares de cuentas no familiarizados con la gestión de su saldo, pero típicamente viene con un costo adicional.

Por último, considera las opciones de servicio al cliente y soporte del banco. Un soporte al cliente confiable puede ser invaluable, especialmente si encuentras problemas con tu cuenta o necesitas orientación sobre el uso de los servicios bancarios. Al considerar cuidadosamente estos aspectos, puedes asegurar que tu primera experiencia bancaria sea positiva y financieramente beneficiosa. Recuerda, el banco adecuado para otra persona podría no ser el banco adecuado para ti, así que elige basado en tus circunstancias y necesidades financieras específicas.

Común es una Excelente Opción para tus Necesidades Bancarias en USA

Si buscas una solución bancaria confiable y moderna en los Estados Unidos, Común es la opción perfecta para ti. Común es un banco digital diseñado para todos, especialmente para la comunidad de inmigrantes, ofreciendo una experiencia bancaria sin complicaciones, sin cargos ocultos y con herramientas en español que facilitan la gestión de tus finanzas. Con Común, puedes abrir una cuenta en minutos desde tu teléfono, recibir tu tarjeta de débito gratuita y comenzar a disfrutar de beneficios como transferencias sin costo, depósitos directos y acceso a más de 55,000 cajeros automáticos gratuitos en todo el país. Además, Común se preocupa por tu seguridad, implementando medidas avanzadas para proteger tu dinero y tus datos. No esperes más y únete a la comunidad de Común para una experiencia bancaria que entiende y apoya tus necesidades únicas.

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

Abre tu cuenta

Mas información sobre cuentas bancarias en Estados Unidos

Haz click aquí si quieres una guía completa paso a paso de como abrir una cuenta de banco en Estados Unidos

Te explicamos tu numero de cuenta

Las mejores practicas para gestionar tu cuenta

Gestión Efectiva de la Cuenta

‍La gestión efectiva de las cuentas bancarias va más allá del simple monitoreo de saldos; abarca un enfoque integral de la administración financiera. Esto implica entender y reducir las tarifas de la cuenta, que pueden incluir el mantenimiento mensual, el uso de cajeros automáticos y los cargos por sobregiro. Una forma de minimizar estas tarifas es cumpliendo con los requisitos de saldo mínimo o inscribiéndose en depósitos directos, ya que muchos bancos ofrecen exenciones de tarifas bajo estas condiciones.

El uso de herramientas de banca en línea y móvil es esencial para una gestión financiera eficiente. Estas plataformas permiten el monitoreo en tiempo real de las transacciones, la transferencia inmediata de fondos y el acceso rápido a estados de cuenta y documentos bancarios, lo cual puede ayudar en la elaboración de presupuestos y la preparación de impuestos. Configurar pagos automáticos de facturas es otra característica crucial, asegurando que todos los pagos se realicen a tiempo, evitando así cargos por pagos atrasados e interrupciones en los servicios.

Para aquellos que gestionan múltiples cuentas, como una cuenta corriente empresarial y una cuenta corriente personal, vincular estas cuentas puede simplificar la gestión del dinero. Permite transferencias más fáciles entre cuentas y una vista consolidada de las finanzas, lo cual es particularmente beneficioso para los propietarios de pequeñas empresas que necesitan mantener separados los gastos personales y empresariales. Además, tener múltiples cuentas bancarias puede ofrecer beneficios significativos, como separar fondos para diferentes propósitos—como gastos diarios, ahorros e inversiones—y atender necesidades financieras individuales o conjuntas, incluyendo para viajes internacionales o propósitos empresariales.

Además, la banca móvil ha revolucionado el acceso a los servicios financieros, permitiendo a los usuarios realizar una variedad de tareas bancarias desde sus dispositivos, como verificar saldos, depositar cheques de forma remota y retirar efectivo en cajeros automáticos sin una tarjeta física. Esta conveniencia, sin embargo, debe equilibrarse con prácticas de seguridad diligentes para proteger los datos financieros.

Seguridad y Protección

‍La seguridad de una cuenta es crítica para proteger los activos financieros de posibles amenazas como el fraude y el robo de identidad. Los bancos, ya sean en línea o tradicionales, implementan medidas de seguridad robustas, incluyendo cifrado, certificados de capa de conexión segura (SSL) y monitoreo continuo de actividades sospechosas. Sin embargo, la responsabilidad también recae en el titular de la cuenta para mejorar su seguridad personal.

Habilitar la autenticación de dos factores agrega una capa adicional de seguridad, reduciendo significativamente el riesgo de acceso no autorizado. Usar contraseñas fuertes y complejas y cambiarlas regularmente son prácticas fundamentales para asegurar los portales de banca en línea. Los titulares de cuentas también deben estar atentos a las estafas de phishing—intentos fraudulentos de obtener información sensible. Reconocer correos electrónicos, enlaces o llamadas telefónicas sospechosas que soliciten información bancaria personal es crucial.

Monitorear regularmente la actividad de la cuenta es otra medida de seguridad proactiva. Muchos bancos ofrecen alertas personalizables que notifican al titular de la cuenta sobre transacciones inusuales o grandes inmediatamente, permitiendo una acción rápida contra accesos no autorizados. También es aconsejable revisar frecuentemente el historial de transacciones para identificar cualquier irregularidad que pueda indicar actividad fraudulenta. Además, entender las últimas tecnologías de seguridad bancaria y utilizar todas las herramientas disponibles proporcionadas por las instituciones financieras puede mejorar significativamente la seguridad de las operaciones bancarias. Estas herramientas incluyen verificaciones biométricas, como el reconocimiento de huellas dactilares y facial, que ofrecen un nivel de seguridad más alto que las contraseñas tradicionales.

Al incorporar estas prácticas avanzadas de gestión y seguridad, los individuos pueden mejorar significativamente tanto la eficiencia como la seguridad de su experiencia bancaria, asegurando que sus activos financieros se gestionen de manera sabia y se protejan contra posibles amenazas.

Conclusión

‍Navegar por las complejidades de las cuentas bancarias—desde elegir el tipo correcto hasta gestionarlas y asegurarlas—puede tener un impacto significativo en tu bienestar financiero. Entender los diversos tipos de cuentas disponibles, desde cuentas corrientes personales y empresariales hasta cuentas de ahorros y CD, te permite tomar decisiones informadas que se alinean con tus objetivos financieros. Abrir tu primera cuenta es un paso crucial que sienta las bases para construir un futuro financiero robusto. Al seleccionar la institución financiera adecuada, entender las estructuras de tarifas y aprovechar incentivos como bonificaciones de cuenta, te posicionas para maximizar los beneficios de la banca.

La gestión efectiva de la cuenta y las medidas de seguridad vigilantes son esenciales para aprovechar al máximo tu experiencia bancaria. Utilizar herramientas de banca en línea y móvil no solo proporciona conveniencia, sino que también te permite mantener una supervisión cercana de tus actividades financieras, asegurando que tu dinero trabaje para ti de la manera más eficiente posible. Además, la importancia de la seguridad no puede subestimarse; proteger tu información financiera del fraude y el robo es primordial en la era digital actual.

En última instancia, la gestión cuidadosa y la protección de tus cuentas bancarias son cruciales para mantener la salud financiera y lograr tus objetivos monetarios. Al adoptar las prácticas descritas en esta guía, puedes navegar con confianza en el panorama bancario, tomando decisiones informadas que fortalezcan tus finanzas personales y empresariales. Ya sea que estés abriendo tu primera cuenta o optimizando las existentes, recuerda que cada paso que tomes es un bloque de construcción hacia una mayor seguridad y libertad financiera.

‍

There is no doubt that Western Union has established itself as a leading company in the remittance industry, with over 145 years in the market.

Since its inception, Western Union has enabled people without access to a banking account to make quick money transfers, which has been particularly significant for rural and immigrant communities in the United States.

According to recent data, in 2023, 12% of remittances sent from the United States to Latin America and the Caribbean were carried out through Western Union, making it one of the leading money transfer services worldwide.

Today, remittances are essential to the lives of millions of Latin American migrants in the United States. In this article, we address alternatives to Western Union that solve problems such as high fees, unfavorable exchange rates, and complicated processes by offering more modern, accessible, and fair financial services.

Why Look for Alternatives to Western Union?

For over a century, Western Union has worked to bring families together through international money transfer services, offering multiple delivery options and broad coverage.

However, over the years, new services have emerged that address areas where Western Union can improve, such as:

High and Variable Fees

One of the main challenges faced by the immigrant community in the United States when sending money is the high money transfer fees, which significantly affect the final amount received.

For example, according to Western Union’s price calculator, the cost to send $500 USD to Mexico via an agency with cash pickup is $15 USD.

Uncompetitive Exchange Rates

In addition to fees, international transactions involve currency exchange, which can be detrimental to the recipient depending on the exchange margin used.

In the previous example of using the Western Union price calculator, the dollar exchange rate is 18.17 MXN, compared to the official rate of 18.64 MXN, meaning the recipient receives 9,081 MXN instead of 9,320 MXN.

Limits and Restrictions

Another factor that may negatively impact migrants sending remittances to Mexico is the limits and restrictions imposed, depending on factors such as payment method, receiving country, and identity verification.

Generally, for unverified users, the limit to send cash through Western Union is $3,000 USD per transaction. Upon verifying identity, that amount may increase.

Transaction Speed

The speed of money transfers through Western Union depends on the payment and delivery method, as detailed below:

• Debit/credit card to cash: minutes
• Debit/credit card to bank deposit: 1–2 business days
• Banking account to cash: 3–5 business days
• Banking account to banking account: up to 5 business days
• In-person cash to in-person cash: minutes
• Wire transfer to mobile wallet: up to 24 hours

Accessibility and Convenience

Western Union is known for its global reach and the accessibility of its international money transfer services.

However, for these same reasons, long lines and wait times may occur. If you need to speed up your transactions, this large-scale service might not be your most favorable option.

9 Alternatives to Western Union for Sending Money Home

If Western Union doesn't suit your needs, here are the best money transfer apps.

Comun

Comun is a comprehensive platform that not only allows money transfers within and outside the U.S., but also gives you access to a complete and efficient financial experience, including easy access to cash.

Enjoy 24/7 support also available in Spanish, and pay transparent fees starting at $2.99 USD for international money transfers, with no hidden fees.

Ria Money Transfer

Ria Money Transfer is a service similar to Western Union. It has coverage in a large number of countries worldwide and offers different payment and delivery methods, as well as partnerships with retailers like Walmart.

Wise (previously TransferWise)

Wise is a U.K.-based financial technology company that facilitates international money transfers and offers benefits such as a multi-currency account and real exchange rates.

Remitly

Remitly is a fintech that operates primarily in the United States, Canada, and Australia. It allows money transfers with options for cash pickup, bank deposit, or mobile wallet. While it is a good option for sending remittances to Latin America, it has fees and exchange rates that are not very competitive.

WorldRemit

WorldRemit is a global money transfer service with a presence in over 130 recipient countries. In addition to offering cash pickup and bank deposit options, it also allows transfers through mobile phone top-ups.

PayPal/Xoom

Xoom is a remittance company acquired by PayPal. It offers money transfers with multiple delivery methods, such as bank deposit, cash pickup, mobile wallet, or direct delivery.

MoneyGram

MoneyGram is a U.S.-based company specializing in international money transfers and person-to-person (P2P) payments. It operates in over 200 countries with various payment options.

OFX

OFX is a company specializing in international money transfers and currency exchange, with a presence in over 190 recipient countries.

Revolut

Revolut is a U.K.-based fintech offering multi-currency digital accounts, international money transfers, and investment services.

How to Choose the Most Suitable Alternative for Your Remittances

If you are still wondering which money transfer app is right for you, remember to consider the following factors before selecting an alternative to Western Union:

Fees and Real Exchange Rate

It is advisable to look for a payment service provider with clear, flat fees to ensure your family receives the maximum possible amount.

Transfer Speed

While in many cases, most apps offer quick money transfers, in others, the waiting time could be problematic for the recipient.

Sending and Withdrawal Methods

Make sure the sending methods suit your needs, whether via banking account, credit or debit card, or cash delivery.

Coverage in Your Country

Verify that the money transfer service has coverage in Latin America, and that this does not involve additional shipping fees.

Ease of Use and Customer Support

It is important to communicate easily in case of any issues. Choose an option with 24/7 Spanish-language support.

Security and Trustworthiness

Ensure the service has the necessary licenses and regulations for the places where it operates, as well as the appropriate security measures to protect your data.

Comun: A Great Financial and Remittance Alternative Designed for the Immigrant Community in the U.S.

Although Western Union is an excellent option for sending money abroad, there are better alternatives with more competitive and fair conditions that can make your money, and your family’s, go further.

It is essential to research and compare each international payment service in order to choose the option with the most suitable benefits for you.

Comun offers you an all-in-one service that allows low-cost international money transfers, along with a complete financial experience in your language.

• Open your account easily using official documentation from your country
• Make your first international money transfer free, and afterward pay a fee starting at $2.99 USD per transfer, up to the applicable limits
• Deposit cash at over 88,000 retail locations in the U.S.
• Manage your finances through a mobile app
• Access to Spanish-language support 24/7

Open your account today and discover an alternative to Western Union.

Frequently Asked Questions

Is it safe to use digital alternatives to Western Union?

Comun uses secure technology and follows U.S. financial regulations to help protect your money transfers. You can also choose from multiple payment and delivery options.

What are the hidden costs when sending money internationally?

International money transfers generate fees, in addition to the currency conversion rate.

Can I send money to a country if I don’t have a banking account?

With Comun, you can send cash even if you don’t have a traditional U.S. banking account.

What do I need to open an account with services like Comun?

A compatible Android or iOS phone and an official ID from your country.

How long does a money transfer take with these alternatives?

Money transfers with Comun are reflected within minutes or hours.

‍

Disclosures (in footer):

“Comun is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank; Member FDIC. The Comun Visa® Debit Card is issued by Community Federal Savings Bank, pursuant to a license from Visa U.S.A Inc. and may be used everywhere Visa Cards are accepted.”

“Funds in your account are FDIC insured up to $250,000 by ownership category through Community Federal Savings Bank (CFSB), Member FDIC, in the event CFSB fails.”

“A service provided by Service UniTeller, Inc. Service UniTeller, Inc. is licensed in all states that require a license.”

“Remittance fees start at $2.99 but may vary. Please check the app for more details.”

“Comun Inc. may earn revenue from the conversion of foreign currencies.”

‍

‍

If you’re looking for a safe, simple way to manage your money, a digital wallet could be the ideal complement to your finances. It’s a mobile application that lets you bring together your cards and other financial products in one place.

In recent years, it has become a key tool for digital money management due to its convenience and security.

Below we explain in detail what a digital wallet is, common uses, advantages, and some examples of the most popular digital wallets in the United States.

What is a digital wallet and how does it work?

A digital wallet is an application for Android- or iOS-compatible devices that securely stores credit or debit card details, or bank account information and lets you access it quickly and safely to make digital payments and other transactions.

How it works is simple: you register your banking information in the app, where it’s encrypted to keep it secure and prevent third-party access. This lets you make electronic payments in seconds through several methods—scanning a QR code, using a smartphone with NFC technology, or selecting the digital wallet at checkout for online purchases.

There is a wide variety of digital wallets in the United States; the most popular include Apple Pay, Google Wallet, Samsung Pay, and PayPal.

Most common uses of a digital wallet

A digital wallet simplifies day-to-day transactions for the thousands of immigrants living in the United States. These are the most common uses of this type of tool:

Pay in-store and online

Using a digital wallet in a store is easy as long as the merchant accepts contactless payments. In that case, simply enable NFC on your phone and hold it near the payment terminal. The payment will process automatically without entering additional information.

To pay online, first make sure you’ve added your bank accounts to the wallet’s mobile app. Then go to the product or service page and choose your digital wallet as the payment option. You may be prompted to enter an authentication factor for security.

Send money to family and friends

Another common use of digital wallets—especially among immigrant users in the U.S.—is sending remittances quickly to their home countries. Depending on the app, these can be less costly than traditional banks.

Store cards and documents

A digital wallet is also a handy organizational tool for keeping not only financial products like debit and credit cards, but also other digital items such as transit cards, tickets, and discount coupons.

Manage your money better

These applications also make it easy to keep your finances organized, create monthly budgets, and stay on top of day-to-day transactions.

4 advantages of using a digital wallet

Managing your financial products with a digital wallet has several notable benefits that can completely change how you make digital payments.

1. Security: lower theft risk compared with carrying cash.

Carrying cash is always riskier than digital options because of loss or theft. A digital wallet removes the need to depend on cash and streamlines payments online and in physical stores.

In addition, your personal information is encrypted so only you can access it. You can also add app-level security like biometrics and passcodes, facial recognition, and Touch ID.

2. Convenience: everything is on your phone, without carrying multiple cards.

Beyond avoiding cash, a digital wallet also means you don’t need to carry physical cards everywhere—you can add your accounts in the digital wallet app and pay from your mobile device.

3. Financial inclusion: ideal for immigrants without easy access to traditional banks.

A common challenge for immigrants newly arrived in the United States is meeting the requirements to open a traditional bank account. In contrast, a digital account would be far more accessible option for everyday essentials like receiving money, paying bills, and sending remittances to Latin America quickly and easily.

4. Financial control: lets you review expenses and organize money more clearly.

With a digital account, you can more easily track your money by enabling notifications on your phone to stay aware of every payment.

It can also log all your transactions and help maintain a monthly budget to ensure your money covers your U.S. expenses while supporting family in Latin America.

Examples of popular digital wallets in the United States

• Apple Pay

This is Apple’s official payments service and is built into all its products by default, such as iPhone and Apple Watch. One major advantage is that more than 85% of merchants in the United States accept it.

Its wide acceptance makes it very convenient for immigrants, whether for everyday shopping or paying monthly bills.

It also offers Apple Cash, which functions like a digital card and allows sending and receiving money, but it’s only available in the United States.

• Google Wallet

This is a virtual wallet available to Android mobile users. It’s a more complete option than its predecessor Google Pay, with features such as tap-to-pay.

It’s very useful for immigrants because it also stores official documents like licenses and various IDs.

• PayPal

PayPal is one of the most popular digital wallets not only in the U.S. but worldwide. It lets you store payment information easily, and sending money to other countries is straightforward thanks to its wide coverage.

• Cash App

Cash App is an application that lets registered users send and receive money. It may be a suitable alternative if you need a debit card and ATM withdrawals.

Manage your money as an immigrant with Común 

In this article we showed you that a digital wallet is an application to store all your financial information in one place, plus the advantages, how they work, and the most popular brands in the United States.

If you want to simplify your finances, get to know Común, the platform that offers you:

• A checking account with clear, competitive fees.

• A debit card you can link to a digital wallet.

• Fast money transfers with affordable fees.

• Mobile banking available in Spanish and English

Open your Común account today with official ID from your country and start using your digital wallet to manage your money in the U.S.

Frequently asked questions

If you still have questions, see the section below.

What is the most reliable digital wallet?

You can choose options like Apple Pay, Google Wallet, and PayPal, as they have sufficient reputation for handling personal information.

How do I activate a digital wallet?

Download the application via Google Play or the App Store, create an account, add your cards, and complete the necessary verification.

Is it safe to use a digital wallet?

Yes, because they use encryption and tokenization to keep your information secure.

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.

For immigrants in the United States, sending money to their home countries regularly is essential. Therefore, it is important to have access to affordable and accessible financial services.

If you want to know how to make an international money transfer, it is crucial to first compare the different providers of this service and choose the one that offers the most advantages for you and your family.

Comun stands out as a popular option among immigrants because it allows them to send money abroad from the United States, offering advantages in terms of cost, speed, and other key factors.

Below, we provide a comparison table that includes Comun and traditional financial institutions in the United States, such as Bank of America and Wells Fargo:

‍

‍
How Does an International Money Transfer Work?

The first point to understand is the types of bank transfers available, as this determines the final cost of sending an international money transfer.

In the United States, there are two types of international money transfers: through traditional banks or through specialized services for sending money abroad.

International Money Transfers via Traditional Banks

• Supported by official U.S. financial institutions and security measures, including:
  
  • Identity verification (KYC/CIP) and ongoing AML monitoring (BSA).
  • OFAC sanctions screening for senders and recipients.
  • Consumer protections for remittances under Regulation E (pre-transfer disclosures, cancellation rights, and error resolution).
  • Network and messaging security standards (e.g., SWIFT Customer Security Program).
  • Multi-factor authentication and encryption for online banking access.
    
    
• A U.S. bank account is mandatory
  
  
• Operates through the SWIFT code
  
  
• Generates higher fees due to intermediaries
  
  
• Transfer time may take up to 5 business days
  
  

International Transfers via Specialized Applications

• Operates through digital networks connected with banks or physical branches in each recipient country
  
  
• Lower fees, as they do not use intermediaries and offer more competitive exchange rates
  
  
• Money transfers are completed within minutes or hours
  
  
• A U.S. bank account is not mandatory to use these services
  
  

Before paying unnecessary fees, make sure to choose the best international money transfer provider and make the most of your money.

Steps and Requirements for Making an International Money Transfer

Below, we outline what is needed to easily make an international bank transfer from the United States, whether you choose a traditional bank or a specialized application for this type of service:

1. Choose a Provider

‍
Some of the traditional banks you can use are Chase, Bank of America, Capital Bank, Citibank, and Wells Fargo. If you don't have a US bank account, you'll need to make sure you have the necessary requirements to open an account, such as a Social Security Number (SSN). For the aforementioned banks, you can present an ITIN instead, along with a government-issued ID.

Another factor to consider is how long an international money transfer takes, as traditional banks usually take longer due to intermediaries involved in the process.

If you prefer a specialized application for international money transfers due to the flexibility they offer compared to banks, an excellent alternative is Comun, which allows you to transfer money from your phone without complications or intermediaries.

2. Create an Account

General Requirements for Opening an Account at a U.S. Bank

• Valid passport or immigration document
  
• Social Security Number (SSN)
  
• Individual Taxpayer Identification Number (ITIN)
  
• Proof of address in the United States
  
• Some banks require an initial deposit of approximately $25 USD
  Depending on the bank, you may open the account online or by visiting a branch for data verification.
  
  

Requirements for Opening an Account with Comun

• Mobile phone compatible with Android or iOS
• Email address
• Official foreign identification
• Have a US residential address
  
  

In both cases, you will have access to a debit card and a mobile application that will allow you to make international money transfers and other transactions from the palm of your hand.

3. Enter Transaction Details

‍
Once you activate your account, enter the information required for an international money transfer:

• Full name of your recipient, as it appears on their official ID
  
• Recipient’s phone number
  
• Recipient’s address (only if sending money to a bank account)
  
• Recipient’s account number (only if sending money to a bank account)
  
• SWIFT code (if transferring through a traditional bank)
  
  

Then, enter the amount you wish to send.

Comun and other specialized applications also allow cash pickup at physical locations, so your recipient does not need a bank account.

4. Review Costs and Rates

‍
Next, review the international money transfer fees as well as the exchange rate, as these will impact the final amount your recipient receives.
The cost of an international money transfer depends on several factors, which we detail below.

5. Send the Money

‍
Once you confirm that the information entered is correct, authorize the transfer, including any additional fees.

Comun allows you to track your transfers through its application, whether you choose to send money to a bank account or opt for cash pickup at a physical location.

Remember that transfer speed depends on the platform, and traditional banks can take up to 5 business days to complete these transactions.

6. Confirm Receipt

‍
Finally, confirm with your recipient that the transfer was received within the stipulated timeframe. You can generate a transaction receipt directly in the mobile application.

Everything About the Cost of Sending Money Abroad from the U.S.

International money transfers are a common practice among immigrants in the United States.

That is why it is essential to detail the factors that influence the cost of transfers, as well as the best options for sending remittances to your family quickly and without complications.

These are the main factors to consider when calculating the cost of your international money transfers:

• Transfer Fees

International transfers incur a fee, which varies depending on the platform, whether it's a traditional bank or a specialized app.

Another factor that affects the fee level is the method used to send the money. The price can vary depending on whether the transaction is made through a website, an app, or at a physical branch.

International money transfer fees at traditional banks vary depending on the financial institution. Here are some examples:

• Bank of America: $45 USD
• Wells Fargo: from $25 to $40 USD 
• Citibank: from $25 to $35 USD 
• Truist Bank: $65 USD

On the other hand, some mobile applications offer international money transfer options for less than $3 USD, which is much more beneficial for the economy of foreign workers.

• Exchange Rate
   

The exchange rate also significantly impacts the final amount your recipient receives. It refers to the value applied by the platform when converting the dollar amount to the local currency.

Traditional banks generally use a lower rate than the official rate. For example, if the Mexican peso is officially 18.00, banks might apply approximately 17.20 MXN.

This means that if you send $300 USD, your recipient could receive about $13 less (240 MXN less), not counting the bank fees, which make the cost even higher.

• Hidden Fees

In addition to international money transfer fees, traditional banks may charge additional fees if intermediary banks are involved in processing the transfer.

We recommend checking all costs involved and choosing a competitive option that does not reduce the total amount your family will receive.

Comun is an excellent alternative for making international money transfers, as your first transfer fee is waived, and subsequent transfers have a fee starting at $2.99 USD per transfer, up to applicable limits, with no hidden fees or intermediaries.

‍

Review our comparison table between traditional banks and Comun at the beginning of this article, and choose the best option for your money.

Want to Make Secure International Money Transfers? Do It Easily with Comun

In this article, we presented how to make an international money transfer from the United States through traditional banks or specialized applications such as Comun, an excellent choice for immigrants.

Comun is the solution for bringing immigrant families closer together through affordable and low-cost remittances.

Why Choose Comun for International Money Transfers?

• Easily open your account with official documentation from your country
  
• Send money to your family with a transfer fee starting at $2.99 USD, up to the applicable limits.
  
• Your money will arrive within minutes
  
• Access a mobile application and Visa debit card for better control of your finances
  
  

Discover an easy and fast way to access the financial services you deserve. Open your account with Comun and forget about complications.

‍

‍

‍

Obtaining a Green Card or permanent residence is one of the most important steps a migrant can take in the United States, as it allows them to reside and work legally and access the same benefits as a U.S. citizen.

If you already have your permanent resident card in hand, congratulations! The next step is to stay alert to renewal, since it is crucial for maintaining your legal status and keeping the benefits it provides.

If you have had your green card for several years, it is even more important to be clear on the requirements, costs, and procedures needed to renew it and thus avoid any setbacks that could cause problems related to your immigration status.

In this article we provide an overview of the process, including key aspects such as how much it costs to renew permanent residence, the requirements, Green Card validity, and everything you need to know to comply on time and in proper form with U.S. immigration authorities.

What is the eligibility criterion?

The first thing to know is that there are two types of residence: permanent and conditional. These are the main differences:

• Permanent residence: this is Lawful Permanent Resident (LPR) status. Although the residence is permanent, the physical card does have a validity period, so it must be renewed at least 6 months before the expiration date. Although some residence permits do not show their validity explicitly, most are valid for 10 years.

• Conditional residence: this is a step prior to obtaining permanent residence, such as a period following a marriage between a foreign national and a U.S. citizen or lawful permanent resident. It is valid for 2 years and cannot be renewed.

These are the eligibility criteria for both types of residence.

Eligibility criterion for permanent residence

To obtain permanent resident status, your profile must fit one of the eligibility categories and meet the requirements set by USCIS (U.S. Citizenship and Immigration Services).

Family

It is divided into two subcategories:

• Immediate relatives of U.S. citizens: spouses and unmarried children under 21.

• Family preference category: unmarried children over 21 of citizens; spouses and children of permanent residents; married children of citizens; and siblings of citizens.

Employment

There are five employment-based residence categories:

• EB-1 visa: workers with extraordinary ability.

• EB-2 visa: accomplished professionals with an advanced degree and exceptional ability.

• EB-3 visa: skilled workers, professionals, and “other workers.”

• EB-4 visa: religious workers, U.S. government employees, members of the Armed Forces, among others.

• EB-5 visa: investors who allocate substantial funds to businesses that generate at least 10 jobs in the country.

Refugees and asylees

People who entered the United States through an asylum petition, and their family members, may apply for permanent residence after completing at least 1 year in the country.

Special immigrants

This category includes people who have been victims of abuse by U.S. citizens (VAWA visa) and minors who have been harmed and/or abandoned by their parents (SIJ visa).

Special categories

This category includes the Diversity Visa or Green Card Lottery, an annual drawing with up to 50,000 consular interview slots, as well as special provisions for Cuban citizens and other nationalities.

Eligibility criterion for conditional permanent residents

Conditional residence, in most cases, is valid for 2 years. Then it is necessary to file the petition to remove conditions within the 90 days prior to expiration.

• Conditional residence based on a marriage of less than 2 years at the time status is obtained.

• Conditional residence through investment under the EB-5 category.

What are the requirements to renew permanent residence?

Currently, there are three ways to complete the renewal process to obtain a new resident card.

File online

The easiest way is through the USCIS website, since you can do it anywhere and at any time of day. You only need to create an account, upload your documents, and track your status.

Paper filing

Another alternative is to mail Form I-90 to the USCIS office. It is advisable if you prefer handling physical documents, although processing time is usually longer.

In-person filing

You can also apply in person, though it is limited to exceptional cases such as humanitarian emergencies or technical issues. It is suitable if you urgently need USCIS guidance; otherwise, the recommended route is through the website.

Documents needed to renew a Green Card

These are the documents you must attach to your renewal application, regardless of the method you use.

• Form I-90 to apply for renewal of the Permanent Resident Card.

• Payment of the applicable fee, biometrics (if required), a copy of the expired card, or a theft/loss report.

How much does it cost to renew residence?

Most residents must pay a filing fee when applying to renew the card.

The current cost to file Form I-90 for Green Card renewal is:

• $415 USD if you file online.

• $465 USD if you file on paper.

In some cases, you may be required to provide biometrics (fingerprints, photo, and signature), but since 2024 there is no longer a separate fee.

What are the consequences of not renewing residence on time?

It is very important to complete the process in time to obtain a new permanent resident card. Although expiration of your card does not mean you will automatically lose permanent residence, you could face a number of issues with U.S. authorities, for example:

Difficulties renewing your driver’s license

In many states, a valid Green Card is required as proof of legal residence when issuing or renewing a driver’s license.

Losing access to certain benefits and services

Various public services and state and local programs may request a valid Green Card as proof of eligibility. Otherwise, they may request additional documents and delay processing.

It is also common for financial institutions to request valid proof of status when processing applications to open a bank account or obtain a credit card.

In such cases, you can present your Form I-90 receipt number or other identity documents, such as a valid passport and Social Security number.

Difficulties reentering the United States

If your Green Card expires while you are outside the U.S., you may have problems with the authorities upon reentry, because U.S. immigration laws require proof of status.

In this case, you will need to request a reentry permit via Form I-131 or an ADIT stamp in your passport.

If you plan to be outside the United States for an extended period, consider applying for a reentry permit even if your expiration date is not near. This will help you avoid problems or delays when reentering.

Not being able to prove you have valid authorization to work in the U.S.

To work legally in the United States, employers must present proof of eligibility along with Form I-9. When a Green Card expires, it is no longer considered valid proof.

In this case, you may present the Form I-90 receipt as temporary proof. If the employer does not accept it, you can contact USCIS directly or seek advice from an immigration attorney.

To avoid greater complications at work and in other aspects of your life, it is best to keep your Green Card expiration date top of mind and start the renewal process at least 6 months in advance.

Simplify your financial management with Común

As you can see, renewing the Permanent Resident Card is fundamental to maintaining legal status and the rights it provides. Therefore, it is essential to understand the requirements, costs, and procedures clearly so you can approach the process with greater confidence and efficiency.

Always remember to stay informed about available options, such as fee waivers, and to follow the established steps to ensure successful renewal of your Green Card.

Making the payments for your immigration process can be challenging if you don’t have the right financial tools. That’s what Común is for!

Común is a 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 with qualifying official identification from your country of origin.

It also offers remittance services to several countries, with competitive fees that help you save. Discover Común, an excellent option dedicated to serving immigrant communities in the United States, with support available in Spanish.

Haven’t tried Común yet? Open your account today and discover a reliable option to manage your money in the U.S. safely and efficiently.

Frequently Asked Questions

If you still have questions, consult our FAQs.

How much time do I have to renew my permanent resident card?

USCIS allows you to file Form I-90 up to 6 months before your Green Card’s expiration date.

How long does it take to renew a permanent resident card?

Renewal times vary widely depending on the service center, application volume, and whether there are errors to resolve. A routine renewal takes around 2 months; in cases of theft or loss, it can exceed 20 months. However, note that for most permanent residents the process tends to take between 7 and 11 months.

Obtaining permanent residence is the goal of millions of immigrants in the United States. The EB-2 visa is one of the most feasible paths to achieve it, since it not only grants the applicant the right to work legally, but to do so within their area of professional expertise.

This type of visa is intended to facilitate immigration for people with advanced university degrees or demonstrable exceptional ability.

If you have a professional career and several years of experience, you may qualify to obtain a Green Card through the EB-2 visa and gain strong job opportunities and stability in the U.S.

Below we explain the requirements to obtain the EB-2 visa, the differences between eligibility categories, and the step-by-step process to secure the pathway that could completely change your working life.

Learn more about the EB-2 visa and why it matters

There are several categories of work visas that can lead to a Green Card. One of them is the EB-2.

There are two routes to obtain this visa:

• With an employer sponsor:

Requires a U.S. employer to file through a process called PERM Labor Certification, which demonstrates the need for a foreign worker due to an insufficient number of qualified U.S. workers.

• With a National Interest Waiver (EB-2 NIW):

Employer involvement is not required; it can be filed as a self-petition showing the work has significant impact or is in the national interest of the United States.

This visa is aimed at professionals with advanced degrees in various fields or with exceptional ability.

The main advantages of the EB-2 over other visas are:

• It puts you on a path to permanent residence.

• It does not rely on capped lotteries.

• It allows you to advance professionally with greater freedom and financial stability.

Differences among the main U.S. employment visas

Understanding immigration procedures and visa application processes can be confusing because of the different categories and specific requirements for each.

Below is a comparison table of the EB-2, EB-3, and EB-5 visas.

EB-2 | EB-3 | EB-5

Approximate processing time with sponsor: at least 12–18 months. With NIW the time may be somewhat shorter. | About 1 to 3 years. | EB-5 processing times vary widely; consult USCIS directly.

Who can apply? Professionals with an advanced degree or exceptional ability. Applicants with skills of national interest. | Skilled workers Professionals with a bachelor’s degree Other workers | Foreign investors who make a minimum investment in a U.S. business and create at least 10 jobs.

Purpose of the visa Obtain permanent residence based on professional merit. NIW allows self-petition. | Obtain permanent residence for skilled workers or professionals. | Obtain permanent residence in exchange for a significant financial investment.

Approximate costs Form I-140: $715 Form I-485 (adjustment of status): $1,440 Consular processing: $325. | Same as EB-2 | $1.8 million standard investment. $900,000 reduced investment if the project is in a TEA area. Form I-526 / I-526E: $11,160 + $100 if investing via a Regional Center.

Main requirements With sponsor: employer files PERM and then Form I-140NIW: show work of national interest. | PERM approved by DOL Employer must file Form I-140Meet additional requirements for other workers. | Proof of lawful, traceable investment in at least the minimum amount. Evidence of creation or preservation of at least 10 jobs. Enter as a conditional resident. File Form I-829 to remove conditions.

What are the requirements to obtain the EB-2 visa?

It’s important to stress that applicants must meet specific requirements to obtain the EB-2 visa in any of its modalities.

These are requirements you cannot overlook:

Requirements via advanced academic degree

Holding an advanced degree is the most common way to obtain an EB-2 visa.

• An advanced degree is considered a master’s, doctorate, or post-doctoral degree.

• A person with a bachelor’s degree may apply, as long as they can show at least 5 years of experience.

Requirements via exceptional ability

Another alternative is to demonstrate exceptional ability in fields such as the arts, sciences, business, or others.

This means reaching a level of expertise significantly above ordinary. It must be shown with at least 3 types of documentary evidence:

• Recognitions: achievements, distinctions, and awards received.

• Work record: employer letters and proof of years of work experience.

• Memberships: belonging to associations that require meeting professional standards and merits.

National Interest Waiver (NIW)

Allows applying without a sponsor or labor certification.

These are the 3 criteria for the EB-2 NIW, according to USCIS:

• The endeavor has substantial merit.

• It has national importance for the United States.

• The applicant is well positioned to advance it.

This visa is widely used by researchers, physicians, businesspeople, and entrepreneurs who can contribute significantly to U.S. society.

How to apply for the EB-2 visa

Below are the key steps to obtain the EB-2 visa.

Determine eligibility

First, determine which subcategory fits your profile—advanced degree, exceptional ability, or NIW. Assess your background and each category’s characteristics to decide where to apply.

File the initial petition

Generally, you will file Form I-140, which the employer or the applicant (in the case of NIW) uses to start the visa process.

Adjustment of status or consular processing

For adjustment of status, file Form I-485 if the applicant is in the U.S. Otherwise, proceed via consular processing with the DS-260.

Interview and final decision

USCIS or the consulate will likely require an interview to verify your information and ask questions related to your profile. Once approved, the applicant ultimately obtains lawful permanent residence.

Once in the United States, open your account with Común

In this article, we reviewed what the EB-2 visa is, the requirements to apply, the sponsorship or NIW options, and the key steps in the process.

Although it may seem confusing or endless, it is also a step toward living and working legally in the U.S. and obtaining a residence card.

To start from scratch in a new country, you need allies who understand you.

Común is the financial platform built for immigrants newly arriving in the U.S. who want to manage their money safely. Send money from the United States to Latin America with clear, affordable fees. Your family can receive it directly in bank accounts or pick it up at selected physical locations.

Opening your account is very easy! The mobile app is available in Spanish and English. Comun accepts over 100 qualifying foreign government IDs, and was designed with you in mind.

Frequently Asked Questions (FAQ)

If you still have questions, see this section:

Can I include my family in the application?

If your petition is approved, you can include your spouse and unmarried children under 21.

How much does it cost to apply for the EB-2?

• I-140 (Immigrant Petition): $715.

• I-485: $1,440.

• USCIS Immigrant Fee (for Green Card issuance): $235.

What if my visa is denied?

You can file an appeal or start a new application.

What is the best health insurance in the United States?

Having health coverage is essential to ensure you receive care when you need it. It’s also a way to invest in your future by preventing large out-of-pocket expenses from costly procedures.

There are many health insurance options in the U.S., so there isn’t a single “best” plan—what’s best depends on your needs and budget.

Although access to healthcare is a basic need, enrolling in a plan can be confusing for immigrant communities.

Below you’ll find a comparison of the main health insurance options in the U.S., key evaluation criteria, and answers to frequent questions—so you can choose the best option to protect you and your family.

Factors to consider when choosing health insurance

Before choosing a plan, carefully assess your personal and family needs, as well as benefits, medical terms, and the features of each option.

Key points to keep in mind before signing anything.

• Coverage level. 

Some plans cover only basic services, while others offer comprehensive coverage including hospitalization, specialist visits, and prescription drugs. Review your medical needs (and your family’s) to gauge the right level.

• Monthly premium cost. Coverage level affects the monthly price. Make sure the amount is sustainable for your long-term budget.

• Deductibles and copays. 

You must understand both before enrolling. The deductible is what you pay out of pocket before your plan starts paying; the copay is the fixed amount you pay each time you use a covered service.

• Provider network. 

Check that the plan includes a robust network of hospitals and clinics near your home or work, so you can access care when needed.

• Eligibility requirements. 

As an immigrant in the U.S., note that some plans require certain immigration status, state residency, and/or income qualifications.

• Additional benefits. 

Also review extras such as preventive care, mental health, wellness programs, and maternity coverage.

Remember: a low price doesn’t automatically mean the best option—it must fit your (and your family’s) specific needs.

Health insurance options in the United States

The U.S. health insurance market includes a range of public and private plans.

Here are key options you should know.

• Health insurance via the Marketplace (ACA). 

Plans under the Affordable Care Act (ACA) are offered through federal/state marketplaces. They must include essential health benefits and prescription coverage. Income-based subsidies may lower costs.

• Medicaid. 

A public program for people with low incomes; covers children, pregnant people, people with disabilities, and families. Usually no premium; some services may have small copays.

• Medicare. 

A program for people 65+ (and some with disabilities). It’s divided as follows: 

1. Part A: hospital inpatient. 
2. Part B: medical services. Part C: Medicare Advantage (private insurers) that can bundle extra benefits.

• Private plans and employer-sponsored insurance. 

Private coverage can be purchased directly or provided as an employer benefit. These plans vary in coverage levels and typically include broad provider networks.

Comparison of common health insurance options

Remember: beyond a policy, a health plan is protection for you and your family—take the time to choose well.

Here’s a comparative table of major U.S. health plan types.

Plan type

Who it serves

Approx. costs

Primary coverage

ACA Marketplace

People without employer private insurance.

Costs vary by coverage; income-based subsidies can lower premiums.

Essential benefits: hospitalization, preventive care, prescriptions, emergency care, etc.

Medicaid

People with low incomes.

Generally no premium; small copays for some services.

Broad medical and hospital coverage nationwide.

Medicare

People 65+ and certain disabilities.

• Part A: per-period deductibles. 
• Part B: monthly premium ~$185.

Hospital and medical services coverage

Employer-sponsored private insurance

Workers (and dependents) covered by employers.

Costs include premiums, deductibles, and copays—vary by plan.

Hospital, specialists, prescriptions, emergency services, etc.

Don’t forget: as an immigrant in the U.S., verify eligibility rules related to immigration status.

Manage your finances in the U.S. with Común

In this article, we covered what to consider before enrolling, the different plan types, and how to compare benefits.

There’s no single “best” plan—it depends on your personal and family needs and budget.

Beyond medical costs, immigrants need safe financial services to manage their money.

Común is the financial platform you’ve been looking for—discover the benefits!

• Checking account with clear, competitive fees.

• International money transfers at affordable costs.

• Mobile app available in Spanish that accepts 100+ official IDs for account opening.

• Debit card for everyday purchases and payments.

Open your Común account today and manage U.S. medical bills simply and transparently.

Frequently Asked Questions (FAQ)

If you still have questions, see the section below.

What is the number-one health insurer in the U.S.?

Among the top U.S. health insurers are: 

• Cigna. 
• Aetna. 
• Blue Cross Blue Shield. 
• Ambetter.
•  Anthem.

Is health insurance mandatory in the U.S.?

It isn’t required at the federal level, but some states—like California and New Jersey—mandate coverage or impose penalties.

Where can I officially compare health plans?

Official sources include: HealthCare.gov (federal Marketplace to view/compare/enroll); Finder.Healthcare.gov (to find off-Marketplace plans); Medicare.gov (compare Medicare plans by ZIP code).

‍

Are you looking for an option to send and receive money within the United States? In the digital era, it is essential to have access to an immediate, secure, and free transfer service.

Sometimes sending and receiving money can be challenging due to high fees or limited access to the banking system. For this reason, knowing how to register for Zelle and learning about alternative solutions such as Comun will be extremely useful for sending money without complications through the most efficient services.

In this guide, we will explain what Zelle is, how to register, what requirements are necessary to send and receive money, and why Comun works as a complementary solution to expand your options when facing restrictions that could hinder your access to mobile payment services.

What Is Zelle and How Does It Work for Your Daily Payments?

Zelle is a digital P2P (peer-to-peer) payment service available in the United States. It is associated with more than 20,200 traditional and digital banks and credit unions, such as Bank of America, Wells Fargo, Ally Bank, Capital One, and Navy Federal Credit Union. Zelle is well known for its wide coverage and ease of transferring funds between users of this system.

Other advantages of Zelle include:

• Near-Instant Transfers
  Users can receive their money within minutes.
  
  
• Ease of Use
  It is directly linked to bank applications, eliminating the need for an external app.
  
  
• Security
  It is backed directly by banking institutions, so you can be confident that your money will reach its destination.
  
  
• Usage Fees
  You can send and receive money without paying commissions to other Zelle users.
  
  

Please note that Zelle is only available within the United States. If you need to make international transfers, find the best options here.

How Does Zelle Work?‍

Zelle operates through its connection with their affiliated banks’ applications. To send and receive money, you must first verify that your bank is part of this service’s network.

If so, complete your registration directly through your bank’s online platform and begin sending and receiving money to your account using a phone number or email address.

Using Zelle is very practical for daily transactions such as paying rent or purchasing goods and services. It is also a secure way to send money to family and friends.

In addition to Zelle, there are other alternatives for sending and receiving money within the United States. Discover the 6 best mobile apps of 2025.

What Changed in Zelle in January 2025?

‍
Zelle announced an important change in its application that took effect in April 2025. The change consists of eliminating transfers through its standalone app, as the service can now only be accessed through the online banking platforms of U.S. financial institutions integrated into its network.

If you wish to download the Zelle app, you may still use it to review your payment history.

How to Download Zelle to My Phone: Key Requirements to Register and Use It Without Complications
To have a Zelle account, you only need to meet the following requirements:

• U.S. Mobile Phone Number or Email Address
  To use Zelle, you only need to register a phone number and an email address. Your contacts can use either of these to send you money easily.
• U.S. Bank Account
  Since Zelle operates directly through bank connections, having an account with one of the institutions integrated into its network is mandatory.
  Check the list of banks that offer Zelle on their website and ensure you will be able to use the service in 2025.
  
  
• Banking Application
  Finally, you must download your financial institution’s mobile banking app, as you will access Zelle through it.
  
  

What Can I Do If I Cannot Open an Account in the United States ?

Sometimes, opening an account is not accessible for many individuals, whether due to lack of required documentation or insufficient credit history.

If this is your situation, Comun is a great alternative for sending money to your loved ones safely, quickly, and at low cost.

Comun is a platform that understands the needs of immigrant communities in the United States. Open your account today and experience an accessible alternative for your finances.

4 Simple Steps to Register for Zelle‍

If you are wondering how to open a Zelle account, simply follow these steps:

1. Open Your Bank’s Mobile Application (If It Is a Zelle Partner)
Once you verify that your bank works with Zelle, open the mobile application and register if you have not done so yet.

2. Locate the Transfers and Payments Section
In the main menu, click on the transfers and payments section, then select “Send Money with Zelle.”

3. Register Your U.S. Phone Number or Email Address
To send and receive money with Zelle, it is necessary to register a U.S. phone number and an email address.

4. Link Your Bank Account
Confirm your information and start sending and receiving money with Zelle quickly after completing a test transaction.

With Your Comun Account, Make and Receive Payments Easily and Quickly

Undoubtedly, Zelle is an excellent tool for bank transfers, offering a fast and very simple service to use. Although it is only available to users of participating banks, it has broad coverage.

While Zelle represents a practical solution for many users, it has limitations such as requiring an eligible U.S. bank account.

Comun, on the other hand, is an alternative solution that goes beyond traditional limitations, as it allows you to send international transfers using your official national identification. It is designed for immigrants in the United States and offers simplified financial management. This service provides you with:

• A debit card to make purchases at physical establishments
  
• Access to a mobile app for better financial control
  
• The ability to send remittances to your loved ones for a fee starting at $2.99 per transaction up to the applicable limits
  
• The opportunity to join our community that understands your needs
  

Download the Comun app and enjoy transparent, easy, and personalized finance designed for you.

‍

Knowing how to receive money from the United States is essential, as remittances have become a key part of the economy for thousands of immigrant households. According to estimates, by 2030, migrant workers will send a total of $5 billion to their country of origin.

The growing need to send and receive money from abroad has encouraged the creation of new methods specifically designed for countries like Latin America. Below, we present the fastest, easiest, and safest options for receiving your money without complications.

You will learn everything about receiving money from the United States and Latin America: key aspects such as costs and security, requirements to open an account, and different applications for sending money from the United States. By the end of this article, you will know exactly which option is best suited to your needs.

5 Key Aspects to Consider When Receiving Money from the United States

Thanks to technological advances and financial openness, sending and receiving money through digital means is increasingly simple and accessible.

However, immigrant families still face various obstacles, such as high transfer fees, bank-imposed restrictions, and weak security measures.

Undoubtedly, this is not a decision to be taken lightly. Before accepting the terms and conditions of any provider, pay attention to the following key aspects:

Transfer Speed

‍

Access to cash quickly is a fundamental need for users receiving money from the United States. The reception time varies depending on the sender and other important factors:

• Type of bank: If the transaction is carried out through a traditional bank, it may take up to 5 business days. It is therefore advisable to opt for a company specialized in international transfers.

• Holidays or non-business days: These can also affect the speed of money reception.

• Receiving bank conditions: Each financial institution sets its own rules for receiving remittances, so it is advisable to consult your bank's specific conditions.

‍

Cost/Fees

A fundamental aspect to consider when receiving money from the United States is the fees, which can exceed 10% of the total amount and significantly reduce household support.

Consider an option that offers affordable costs and a favorable exchange rate.

Security and Reliability

The theft of personal data, commonly known as phishing, is the primary risk in international money transfers. To avoid becoming a victim of such fraud, make sure to use a reliable service through an official website or mobile app. Additionally, do not share passwords or sensitive information with third parties.

Ease of Use

According to the study Remittances to Latin America and the Caribbean 2024, 60% of migrant workers in the United States send money to their mothers. It is important to choose a provider that understands your needs and offers reliable, secure, and easy-to-use platforms.

Receiving Options

If for any reason you cannot receive money through bank transfers, look for an option that offers cash pickup locations near you, such as Oxxo or Walmart.

What Do You Need to Receive Money from the United States?

Regardless of the bank you choose the requirements for receiving money can be summarized as your basic personal information:

• Full name of the beneficiary
• Account number
• Name and address of the receiving bank
• SWIFT/BIC code of the receiving bank
• Address of the beneficiary
• Name of the intermediary bank

‍

The requested data may vary depending on the receiving country, so you may be asked for more or less information. Remember, no reputable institution will ask for passwords or access information to complete transfers or send money.

3 Methods to Receive Money from the United States Without Complications

If you need to send and receive money from the United States to Mexico, you can choose from the following options:

1. Receiving Money into Your Account

This is a simple way to receive money from the United States, as it allows you to do so from the comfort of your home via a mobile application.

In the case of Mexico, most traditional banks tend to receive transfers from the United States under their own terms and conditions. This means that fees and exchange rates vary by financial institution.

For Banorte and BBVA, the cost for international transfers is $30 plus VAT, regardless of the amount sent.

Receiving money through traditional financial institutions can be expensive; fortunately, there are more affordable alternatives.

2. Receiving Money Through Comun

Comun allows you to send money from the United States to Latin America with no charge on your first transfer and accessible fees thereafter. It is the preferred option among the immigrant community, offering shared language, interests, and goals: bringing families closer together through secure and affordable financial solutions.

Open your account with Comun and start sending money from the United States to your home without complications. Your family can receive it in local bank accounts or collect it physically at partner locations.

3. Receiving Money on Other Platforms

Wise

Wise is another platform that offers international money transfers. It is geared toward independent workers around the world who earn income from the United States.

Although it is a common alternative for receiving money digitally from abroad, it does not offer physical pickup options, which may be a drawback for migrant families.

Western Union

Western Union is one of the most popular options among migrant workers in the United States, as it allows for cash transfers without the need for a bank account, including to rural or hard-to-reach areas.

It is a suitable option in certain circumstances, but be aware that Western Union’s commission fees are typically high, and it uses a lower exchange rate than the market.

The cost of sending money depends on several factors, such as the method used and the destination country. However, the fee can reach up to 6%, not including the exchange rate difference.

MoneyGram

Finally, MoneyGram is an international money transfer service operating in over 200 countries, including Mexico.

Your Family Gets More for Less: Send Money with Comun from the United States. 

As you can see, sending and receiving money from the United States does not have to be complicated. Today, there are financial services that aim to bridge the gaps that hinder communication between businesses and individuals.

Comun is an accessible option for all, offering the best benefits for immigrant families:

• Access to a debit card and mobile app
• Account opening with official ID from your country
• Competitive fees for International money transfers, starting at $2.99 transfer fee
• No opening fees or monthly charges

‍

Compare and choose the option that best fits your needs. Remember that you have an ally in Comun to receive money from the United States without complications.

Frequently Asked Questions

‍

How long does it take for money to arrive from the U.S. to Mexico?

With Comun, your money arrives in minutes via bank transfers. Cash pickups at partner locations take as little as 1 hour.

What are the typical fees for receiving money?

Fees usually depend on the amount and destination country. Comun offers a transfer fee starting at $2.99, regardless of the amount sent up to the applicable limits.

Do I need a checking account to receive money?

Comun provides a checking account that includes a debit card and mobile application. However, it is not required, since you can receive money at physical locations.

Is it safe to receive money through digital platforms?

Absolutely. Comun is backed by major financial institutions. Your Comun account funds are insured by the FDIC up to $250,000 per ownership category through Community Federal Savings Bank (CFSB), member of the FDIC, in the event of CFSB’s failure.

‍

Did you know it is possible to send money without having a bank account? The lack of access to financial services is a problem that negatively affects the quality of life of thousands of immigrant workers in the United States.

For example, according to a recent survey, the rate of the Latino community in the United States without a bank account dropped from 15% to 10% over the last two years. However, it remains high compared to the national average of 4.5%.

While having a bank account facilitates financial transactions such as transfers, in-store payments, and online purchases, there are now alternatives that allow you to access banking services without needing an account.

Below, you will discover how to transfer money from one card to another without an app or bank account, as well as the safest and simplest methods available to you.

‍

Sending Money Online

Not having a U.S. bank account is not an obstacle to sending money domestically or internationally, as there are methods widely used among immigrant workers who regularly send remittances and conduct other transactions using prepaid cards and cash payments.

‍

International Money Transfer Providers

This is one of the most popular ways to send money without a bank account due to the accessibility, variety of payment methods, and broad coverage typically offered.

International money transfer providers are companies that specialize in facilitating money transfers from one country to another. The key features of these services include:

• Specialization in international money transfers, unlike traditional banks, which have certain limitations, such as high commissions, unfavorable exchange rates, extensive delivery time, and participation of intermediaries that increase costs.
• More affordable fees.
• Various sending methods.
• Multiple Money Transfers Locations

‍

How to Send Money Without a Bank Account Through an International Transfer Platform

Comun allows you to send money to your loved ones for a modest transfer fee starting at USD 2.99 up to the applicable limits. It is very simple; just follow these steps:

1. Open your account with Comun; it will only take a few minutes!

2. Choose the most convenient delivery method for your recipient, such as cash pick up at a physical store like Oxxo, Grupo Elektra, 7 Eleven, and more.

3. You may also send money directly to a bank and have it picked up at one of its branches.

4. Track the delivery directly in your Comun mobile application.

‍

Comun is an excellent option for our community, as it provides Spanish-language service, which is highly appreciated by the immigrant community. Open your account today and start sending money without complications.

‍

What Information Do You Need to Send Money Without a Bank Account?

To send money without a bank account, you only need the following information about your recipient:

• Full name of the recipient, exactly as it appears on their official ID.
• Recipient’s phone number.
• If the transfer is made to a bank account, you will also need:
  
  • Recipient’s address.
  • Bank account number, depending on the receiving country.

‍

P2P Services

P2P (peer-to-peer or person-to-person) services allow immediate money transfers between individuals without intermediaries. These options are useful for everyday needs such as paying rent, shared services, splitting transportation costs, and sending money to your relatives in the US or internationally.

How to Send Money Without a Card Using P2P Services

1. Choose a reliable provider, such as Cash App or Venmo.
2. Enter the recipient’s phone number in the mobile app.
3. Confirm the transaction and track it.

‍

Sending Money by Mail

Other alternatives involve sending a cashier’s check, a certified check, or a money order through the postal service.

Cashier’s Check

This type of check is issued with the bank’s funds. The customer must pay in cash or directly from their account, and the check is made payable to the recipient.

‍

Certified Check

This check is issued using the customer’s funds. The issuer must have a bank account so that the bank can verify the availability of funds. The recipient may cash the check directly at a bank branch.

‍

Money Order

Another way to send money without a bank account is by using a money order, which is a type of prepaid payment order. To do so, you will need to:

1. Go to a post office or authorized retailer, such as USPS or Walmart, to purchase a money order.

2. Write the beneficiary’s name in the “pay to the order of” section.

3. Write your name in the “purchaser” section.

4. Sign in the space designated for the purchaser, generally on the front of the document.

5. Keep the receipt with the serial number.

6. Pay the amount to be sent plus applicable service fee.

7. Send the money order via regular or certified mail.

8. Write the recipient’s address in the center of the envelope and the sender’s address in the upper left corner.

9. Purchase a postage stamp at the post office and attach it to the envelope.

10. Drop off the envelope at the post office.

‍

The recipient may cash the money order at an authorized branch upon presenting valid personal identification.

The downside of this alternative is that it takes longer to arrive, as it relies on a traditional mailing method.

Sending Money With Prepaid Load

There are other options available to send money without a bank account, such as prepaid cards and mobile applications.

Reloadable Prepaid Cards

Reloadable prepaid cards function similarly to debit cards, with the main difference being that they are not linked to a bank account. They also allow you to pay for services and make online purchases.

To send money using a prepaid card, you only need to:

‍

1. Identify an international money transfer service that supports prepaid cards, such as Western Union or MoneyGram.

2. Select your preferred provider and choose the prepaid card option on their website.

3. Enter the recipient’s information, making sure it is compatible with the selected platform.

4. Confirm the transfer and pay the amount plus the applicable service fee.

‍

Done! The recipient will receive the money on the prepaid card as if it were a bank transfer.

Mobile Wallets/Applications

Lastly, you may opt for mobile wallets or applications that offer money transfer capabilities. Some examples include Cash App, Venmo, and Remitly, which provide access to an mobile app you can use to send and receive money.

These applications do not require a bank account and are user-friendly. Some also offer physical cards that function similarly to debit cards.

7 Essential Tips for Sending Money Without a Bank Account

1. Verify the Identity and Information of the Recipient

Ensure that the recipient’s information, such as name, account number, or phone number, is entered correctly. Any discrepancies could prevent the recipient from collecting the funds.

2. Compare Fees and Exchange Rates

Each provider has its own rates depending on the receiving country, amount, and exchange rate. Remember, with Comun you do not pay excessive fees, and you ensure your family receives more for less.

3. Know the Sending Limits

Some platforms have sending limits that should be considered before selecting a service. For instance, Western Union has a daily limit of USD 7,499, while Cash App allows up to USD 7,500 per week for verified accounts.

4. Keep All Receipts and Reference Numbers

Even though these methods are secure, it is important to keep receipts and reference numbers in case a clarification or issue arises.

5. Use Reputable and Secure Services

It is essential to ensure that you use a trusted service. Check online reviews and verify that the provider has an official website and/or physical offices.

6. Be Cautious of Scams

Unfortunately, scams are common around financial services. No legitimate institution will request passwords or verification data. Always access official websites. If in doubt, visit an authorized branch.

7. Consider Delivery Time

Most options allow you to complete transfers in minutes, but some may take several days. Consider this before choosing your preferred service.

‍

Frequently Asked Questions

Is it safe to send money without a bank account?

‍

Absolutely. Comun is backed by leading financial institutions to protect your funds up to the applicable limits. Additionally, you can track your transfer directly through the Comun mobile app.

How much does it cost to send money without a bank account?

‍

Comun offers a transfer fee starting at USD 2.99, regardless of the amount you send up to the applicable limits. Your first transfer is commission-free!

How long does it take for the money to arrive?

‍

Cash is typically available within approximately 1 hour at the selected store or bank branch.

‍

What documents do I need to send/receive money without an account?

‍

You need the full name of your recipient, and they must present official identification.

‍