What is a W-2 form? Complete 2026 guide for immigrant workers in the U.S.

A W-2 form is one of the most important tax documents employees receive in the United States. If you worked for an employer during the year, your W-2 shows how much money you earned and how much money was withheld for taxes.

For many immigrant workers, this may also be the first time dealing with U.S. tax documents. Understanding how to read a W-2, when you should receive it, and what to do if something is incorrect can help you file taxes more confidently and avoid delays during tax season.

This article is for informational purposes only and does not constitute legal or tax advice. It is recommended to consult a qualified tax professional for guidance specific to your situation.

What is a W-2 form?

A W-2 form, officially called the Wage and Tax Statement, is a tax document employers send to employees every year. The form reports: total wages earned, federal income taxes withheld, Social Security and Medicare taxes withheld, state or local tax withholdings if applicable.

The IRS requires employers to provide a W-2 to employees who earned wages during the tax year. You typically receive a W-2 if you are considered an employee of a company. Independent contractors and certain gig workers generally receive Form 1099 rather than a W-2.

When should you receive your W-2?

Employers must send W-2 forms to employees by January 31 of the year following the reported tax year. If you haven't received your W-2 by early February, contact your employer. If you still don't receive it, you can contact the IRS for assistance.

What information does the W-2 contain?

• Box 1: Wages, tips, and other compensation
• Box 2: Federal income tax withheld
• Box 3: Social Security wages
• Box 4: Social Security tax withheld
• Box 5: Medicare wages
• Box 6: Medicare tax withheld
• Boxes 15–17: State tax information

W-2 vs. 1099: what is the difference?

Can ITIN holders get a W-2?

Yes. Employees can receive a W-2 using an ITIN instead of an SSN. If you are legally working in the U.S. with work authorization but do not yet have an SSN, you can use your ITIN for tax purposes. However, remember that an ITIN does not authorize employment on its own. For more information about ITINs, visit comun.app/itin.

What to do if your W-2 has errors?

If you find errors on your W-2, such as an incorrect name, SSN/ITIN, or incorrect figures: contact your employer immediately to request a corrected W-2 (Form W-2c), wait for the corrected W-2 before filing your tax return, if you cannot get a correct W-2 in time, the IRS has procedures to help you.

FAQ

What is the W-2 form?

It is the Wage and Tax Statement your employer sends you each January, showing how much you earned and how much you paid in taxes the previous year.

When will I receive my W-2?

No later than January 31 of the year following the reported tax year.

What do I do if I don't receive my W-2?

First contact your employer. If unresolved, you can contact the IRS for assistance.

This article is for informational purposes only and does not constitute legal or tax advice. Común is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank, Member FDIC.

What is the CVV on a card?

Nowadays, making purchases with a credit or debit card in physical stores and online is an essential activity for acquiring everyday goods.

Security in these operations is essential. For this, these payment methods use the CVV or CVC code, which means Card Verification Value or Card Verification Code respectively, and its purpose is to verify that the cardholder has the physical card and to protect online and phone purchases.

Below, we will explain in detail what the CVV is, where to find it, the types of security codes, and tips to keep your cards secure.

Where to find the CVV on your card?

If you are going to make purchases online or by phone, you will need to provide the security code of your debit or credit card to verify it belongs to you.

In most cases, the CVV is located on the back of the card and consists of 3 or 4 numbers.

Here is a quick guide to locating the verification code depending on the card type.

Card type

Where to find the CVV?

How many digits does it have?

Visa

Usually on the back, next to the magnetic stripe.

3

Mastercard

Usually on the back, next to the signature.

3

Discover

Usually on the back, to the right of the signature.

3

American Express

Usually on the front, next to the card number.

4

One way to strengthen security during electronic transactions is the use of a dynamic CVV, which is found in digital applications or cards and is valid only for a limited time to make a single purchase. This reduces the risk of misuse of your personal data if it is exposed.

What is the CVV for and why is it important?

The CVV number is a security lock that allows you to use your physical and digital cards with confidence that a third party cannot access your money.

These are the most important functions of this security code.

• Holder verification:

It is especially useful for protecting electronic operations by verifying that the cardholder is the one making the purchase.

• Security in online purchases

When making an online purchase, you must enter the card’s CVV to validate the transaction. This process is more secure when using a dynamic CVV because it reduces the risk in case of fraud.

• Fraud prevention

Unlike other data usually included on physical cards, such as the number and expiration date, the CVV is not stored in online store systems, so your data remains safe in case of potential identity theft.

The purpose of the CVV is to provide you with security and peace of mind when making online purchases.

CVV, CVC, and CVV2: how are they different?

You may notice different types of CVV since the name can vary depending on the card issuer.

These are the security codes most commonly used by financial institutions to protect users’ cards.

CVV

The CVV (Card Verification Value) is the security code created for Visa cards. It consists of 3 or 4 digits and is used to confirm that the person making the purchase actually has the card.

CVC

The CVC (Card Verification Code) is the version of the CVV used by Mastercard cards. It has the same function and a similar composition.

CVV2

The CVV2 (Card Verification Value 2) is a digital version of the CVV used to provide greater protection in online purchases. While the traditional CVV is used during payments at card terminals, the CVV2 is requested to confirm remote transactions.

4 tips to use your card safely

Some people avoid or minimize the use of physical or digital cards due to fear of having their personal data stolen and generating unauthorized charges. However, financial institutions and digital platforms currently offer the necessary security measures to protect your assets.

Thanks to the implementation of codes such as the CVV, the risk of experiencing a security incident is minimal and decreases even more when you have the right information to apply practical strategies like the following.

• Do not share your CVV or write it in visible places: avoid having this code leaked to third parties. Remember that it is the number used to verify online purchases and that no financial institution requests sensitive data over the phone, so make sure to use the CVV responsibly.

• Use only secure payment sites (https://): if you need to make an online purchase, make sure the site has the required security measures to process electronic payments.

• Activate notifications or dynamic CVV if your bank offers it: enable notifications in your banking application and try using the dynamic CVV when shopping online. This allows you to generate a new CVV for each purchase.

• Review your transactions regularly: check your statement and transaction history frequently. If you detect any irregular activity, report it to your bank immediately.

Bank cards are useful tools that require responsible and cautious use. Learning to use your card safely and confidently is also part of building financial stability.

Manage your money and make payments securely with Comun

This time we explained what the CVV or CVC is, why it is important, and gave you some tips to keep your checking accounts secure.

The security provided by the CVV is the same you need in all your financial operations, such as digital payments, cash deposits, and international money transfers. For this, you have Comun, the digital platform specially designed for immigrants living in the United States who want to manage their money safely and without complications, with clear and competitive fees.

Comun is the financial platform that truly understands your needs and offers fair, tailored solutions.

Open your Comun account and start managing your money in the United States with confidence. Send, receive, and monitor your expenses from the mobile app.

Frequently Asked Questions (FAQ)

If you still have questions, check the following section.

What happens if I give my CVV to someone else?

It is not advisable to give your CVV to someone else, as they could make purchases not authorized by you. Make sure to protect your banking information so only you have access to it.

Is the CVV the same as the card number?

No, the card number consists of 16 digits and identifies the checking account. The CVV consists of 3 or 4 digits and verifies that the holder is the card owner.

Can I make purchases without a CVV?

In physical stores, it is not strictly necessary, as the purchase is validated with the chip and PIN. For online purchases, it is essential to enter the CVV to authorize the transaction.

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How to deposit money into someone else's bank account: 5 updated methods (2026)

In 2026, there are more ways than ever to send money to another bank account, but each option works differently. Some methods require a routing and account number, while others only need a phone number, email, or QR code.

5 ways of depositing money into someone else's bank account

Bank branch deposits

One of the simplest ways to deposit money into someone else's account is by visiting their bank branch directly. To deposit money at a branch, you generally need: the recipient's full name, the recipient's account number, and the cash or check you want to deposit.

ACH bank transfer

ACH transfers are electronic bank-to-bank transfers through the Automated Clearing House network. To send an ACH transfer to another person's account, you need: the recipient's bank routing number and account number.

P2P payment apps

Peer-to-peer payment apps like Común's Pay, Venmo, Cash App, and Zelle allow you to send money quickly to another person using just a phone number, email, username, or QR code.

Wire transfer

Wire transfers are electronic bank-to-bank transfers that complete quickly, usually the same business day for domestic transfers. They are typically used for large amounts or urgent payments.

Check deposit

You can also write a personal check to another person. This option is slower than digital methods but can be useful for documented or scheduled payments.

FAQ

Can I deposit cash into someone else's bank account?

It depends on the bank. Some banks allow cash deposits into third-party accounts at a branch, while others may restrict it due to fraud prevention policies.

What is the fastest way to send money to another account?

P2P apps like Común's Pay, Venmo, and Zelle are generally the fastest for everyday transfers. Wire transfers are faster for large amounts.

Común is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank, Member FDIC. Peer-to-peer payments services are provided by Cross River Bank.

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Western Union is one of the most recognized remittance services worldwide due to its extensive experience, coverage, and accessibility. Many immigrants choose it to send money to their families from the United States.

If you want to optimize the amount your family receives, it is very important to understand the different sending methods available with Western Union, as well as the fees each method generates.

For this reason, we will explain step by step how to send money through Western Union, including the requirements, different modalities, and the advantages and disadvantages of using this international agency.

What is Western Union and How Does It Work to Send Money?

Western Union is a network specialized in international money transfers, available through a large number of physical locations and online methods. It is an accessible method for sending remittances, as it is not necessary to have a banking account to use its services.

It offers two primary methods for international money transfers: online and in-person at a physical agency.

These are the requirements to send money through Western Union from the United States:

What Is Required to Make a Western Union Money Transfer?

1. Be at least 18 years old
2. Valid photo identification
   
   1. If visiting a Western Union agency in person, you may present your passport and, in some cases, your driver's license.
   2. If using the westernunion.com process, you must upload a photo of your ID and possibly a selfie or other identity verification requirements.
3. Recipient’s information
   
   1. Ensure that you have the complete and correct details of the person receiving the money:
      
      1. Full name (as it appears on their identification)
      2. Recipient’s country and city
      3. Delivery method (cash pickup, bank deposit, or other)
      4. Payment method (card, bank account, or cash)

Comparison Between Western Union and Comun

*please note the exchane rate is subject to change at anytime.

In addition to offering more favorable fees and exchange rates for international money transfers, Comun lets you send money 365 days a year digitally from your home, including holidays, which can be affected by longer wait times due to increased customer volume.

Steps to Send Money Through Western Union: Online and In Person

Currently, Western Union allows you to make international money transfers from the U.S. through its website, mobile app, or in person.

Sending Money Online with Western Union

If you prefer to send money online through Western Union, simply follow these steps:

Log in or register on their platform

To open an account with Western Union, you must have the previously mentioned documents and complete the identity verification process.

Then, log in to the Western Union app or website.

Select destination country and amount

With Western Union, you can choose from a wide variety of destinations in Latin America and worldwide, including Mexico, the Dominican Republic, Colombia, Argentina, and others.

Choose payment method

Western Union offers various payment methods such as credit card, debit card, bank deposit, and cash payment.

Enter recipient information

Make sure to enter the recipient’s details correctly.

Confirm and obtain the tracking number (MTCN)

Once all information is entered, verify its accuracy and confirm the transaction. You will then receive a tracking number to monitor the transfer.

Sending Money to a Western Union Agency

If you prefer to send money in person, follow these steps:

Locate a nearby agency

To find the agency closest to your home, visit the website and select the “Find Location” option. Enter your ZIP code and review the available locations.

You may also call Western Union customer service at 1-800-325-6000 for more information.

Fill out the sending form

Go to the service counter and request the sending form, which you must fill out using the same details required for the online form.

Submit payment and fees to the agent

Once the form is filled out correctly, pay the agent the total amount plus the applicable fee.

Receive the tracking number (MTCN)

Finally, receive the tracking number and share it with the recipient so they can collect the money correctly.

Advantages and Disadvantages of Using Western Union for Remittances

Western Union is a popular option for sending remittances securely and quickly, used by thousands of immigrants in the United States every month.

Below are the main advantages and disadvantages of sending money with Western Union.

Advantages

Extensive global coverage and physical presence

Western Union allows you to send money to almost any part of the world, with approximately 500,000 agencies across more than 200 countries. It even offers transfers to rural and hard-to-reach areas.

Fast cash transfers

If you need to send money urgently, Western Union offers a cash pickup option, available within minutes.

Brand recognition and established history

With over a century of experience, Western Union has a strong reputation and proven security in money transfers through its global network.

Disadvantages

High fees

Generally, the smaller the amount sent, the higher the fee. Fees vary depending on the payment and delivery method and typically range between $4.99 and $15 USD, excluding currency conversion.

Uncompetitive exchange rate

In addition to the initial fee, you must account for the loss due to currency exchange, which is calculated using a less competitive margin than the market rate. As a result, your family receives less money compared to other options.

Sending limits

For unverified users, the sending limit is $3,000 USD per transaction. For verified accounts, the limit is $50,000 USD.

Lack of transparency in fee structure

Western Union’s fees are variable and depend on multiple factors such as the destination country, payment method, delivery method, and transfer amount.

Comun: A Fast, Transparent, and Affordable Alternative to Send Money to Your Family

There is no doubt that Western Union is one of the most well-established remittance services due to its long history and ease of access. However, it is important for users to choose the option that best fits their needs.

Before making a money transfer, it is essential to clearly understand all fees and additional costs; otherwise, your family may receive less money without prior notice.

Comun is the comprehensive solution that makes sending remittances easier and more affordable.

Additionally, it offers:

• A mobile app also available in Spanish that allows you to send money easily to more than 17 countries in Latin America.
• Your first money transfer is free, and afterward, you pay a fee starting at $2.99 USD  per transfer, up to the applicable limits.
• You need a mobile device to open your account, an official identification from your country (passport, consular ID, driver’s license, among others), and a US residential address.
• 24/7 customer support available in Spanish.
• High security standards that help your money arrive safely and track your transfer in real time.
• Transparent remittance fees.

Open your Comun account today.

Frequently Asked Questions

If you still have questions about how Western Union works, review our FAQ section:

Can I send money to myself through Western Union?

Yes, if you are traveling to another country and do not have a banking account, you can send money to yourself.

Why can’t I send money through Western Union?

There may be several reasons, such as exceeding the sending limit, rejected payment method, or incorrect recipient information.

How much does Western Union charge to send money?

Transfer fees depend on the recipient country, the amount, payment method, and delivery method.

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Banks that support Zelle in 2026: sending and receiving money in the U.S.

Zelle is built directly into many bank accounts in the U.S., which is why it has become one of the most widely used ways to send money. Today, more than 2,000 banks and credit unions offer access to the service.

Understanding how that network works is key to knowing whether you can use it with your account. That distinction matters more today than it did a few years ago. Since April 2025, Zelle is no longer available as a standalone app. Access depends entirely on whether your bank is part of the network.

What Is Zelle?

Zelle is a peer-to-peer payment network owned by Early Warning Services LLC (EWS), a company co-founded by seven of America's largest banks: Bank of America, Capital One, Chase, PNC, Truist, U.S. Bank, and Wells Fargo. It allows you to send money directly from your bank account to another person's bank account using only a phone number or email address. Transfers are typically completed within minutes.

What are the benefits of Zelle?

The main appeal of Zelle is its speed, simplicity, and convenience. Transfers are typically completed within minutes and move directly between bank accounts without the need to load funds into a separate app or digital wallet. In most cases, there are no fees for sending or receiving money, making it a practical option for everyday payments such as rent, shared expenses, or paying friends and family.

Because Zelle is integrated into your bank's app, there is usually no additional setup beyond enrolling your email address or mobile number. Funds are deposited directly into your account and are generally available quickly.

Why does bank support matter?

As of April 1, 2025, Zelle can only be accessed through participating financial institutions. If your bank or credit union does not support Zelle, you generally can't use the service.

Zelle supported banks list

Zelle partners with more than 2,300 financial institutions. To search for a specific bank or credit union, visit zellepay.com/get-started.

Below is a representative, not exhaustive list of financial institutions that currently offer Zelle:

Please note that Zelle limits often depend on factors such as account age, transaction history, recipient details, and other risk-based criteria established by the financial institution. Please refer to your financial institution for the most up-to-date information.

How to enroll in Zelle with your bank?

Since the standalone Zelle app has been discontinued, you must enroll through a participating bank or credit union app. The following steps generally apply to most participating financial institution apps:

• Open your bank's mobile app and locate 'Zelle' in the payments or transfer section
• Select 'Enroll with Zelle' or 'Send Money with Zelle'
• Enter your U.S. mobile number or email address
• Verify your identity using a one-time verification code
• You're then able to send and receive money using a recipient's phone number or email address

Please note that both the sender and recipient generally must be enrolled with Zelle through participating financial institutions for transfers to be completed. If the recipient isn't enrolled, they may receive instructions on how to enroll. If enrollment is not completed within the applicable timeframe, the transaction may be canceled and refunded.

Is Zelle Safe? Common scams to avoid

Zelle uses bank-level encryption and security protocols and operates within participating financial institution apps. However, many reported issues involving Zelle are associated with fraud or social engineering scams rather than technical failures.

Because Zelle transfers are typically processed quickly and may be difficult or impossible to reverse once authorized, scammers may attempt to pressure users into sending funds.

Common Zelle Scams in 2026:

Fake bank fraud alerts:

Scammers may send text messages appearing to come from your bank asking whether you authorized a transaction. After you respond, you may receive a call from someone falsely claiming to represent the bank and instructing you to transfer funds to 'reverse' fraud. In reality, the funds are being sent to the scammer.

Impersonation scams:

Scammers may claim to represent a bank, government agency, utility company, or another trusted organization and pressure victims into sending money immediately.

Marketplace scams:

Fraudsters on platforms such as Facebook Marketplace or Craigslist may request payment through Zelle. After funds are sent, the item may never arrive or the payment may later prove fraudulent.

Overpayment scams:

A scammer may claim to have 'accidentally' sent money and ask for it to be returned. Their original payment may later be reversed or determined to be fraudulent.

How to stay safe:

• Use Zelle primarily with people you know and trust
• Never send money to 'verify' your account or reverse fraud
• If you receive an unexpected call claiming to be from your bank, hang up and contact the bank using the number on the back of your debit card
• Enable transaction alerts through your banking app
• Treat every Zelle payment as potentially final before authorizing it

Are there alternatives to Zelle for people without a traditional bank account?

Zelle's transition away from a standalone app in April 2025 created challenges for individuals who do not have accounts with participating financial institutions.

Venmo and Cash App

Remain popular alternatives for domestic transfers and may not require a traditional bank account to get started. However, they generally do not support international money transfers.

Wise

Allows users to receive and send funds internationally using local bank details in many currencies. It is commonly used for international transfers and is known for transparent pricing and exchange rates based on the mid-market rate.

Común

Is a financial platform that promotes financial inclusion for individuals who may face barriers with traditional U.S. banks, offering user-friendly, Spanish-language support. With Común you can make transfers within and outside the U.S. and send money to friends and family throughout Latin America, with fees starting at $2.99 per transfer. Visit comun.app to learn more.

FAQ

Does Zelle charge fees?

Zelle itself generally doesn't charge fees to send or receive money. However, your financial institution may have its own fee structure for the underlying account. It is important to check the specific details with your financial institution.

What if my bank doesn't use Zelle?

Since the standalone Zelle app was discontinued in April 2025, your options may include opening an account with a participating financial institution or using an alternative service such as Venmo, Cash App, Wise, or Común.

Can I use Zelle without a U.S. bank account?

No. Zelle generally requires a U.S. bank or credit union account at a participating financial institution.

Can I send money internationally with Zelle?

No. Zelle supports transfers only between U.S. bank or credit union accounts at a participating financial institution. For international transfers, consumers may consider alternatives such as Wise, Remitly, or international money transfer providers.

What happens if I send money to the wrong person?

Contact your financial institution immediately. Once funds are delivered, cancellation or recovery may not be possible.

Access Matters When Choosing a Bank for Zelle

Choosing between banks that supports Zelle ultimately comes down to access and convenience. While the network is broad, access depends on maintaining an account with a participating financial institution. For some consumers, a traditional bank or credit union may meet their needs. Others may prefer platforms designed to support individuals who face barriers to accessing traditional banking services. If Zelle access is important to you, it may be helpful to consider not only which financial institutions support the service, but also which ones best fit your individual needs.

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Choosing the right remittance service provider for you

Every year, people all over the United States send remittances to support their family and friends back home. These transfers are more than just simple transactions, these are the economic lifeline for them. This is why choosing the right service provider for your remittances based on your needs is key to ensuring you and your loved ones have the support you need. 

What is a remittance? 

Simply put remittances are money transfers made by people who live and work in one country to family members, friends, or other beneficiaries who are residing in another country.

How do remittances work in the U.S.?

Sending a remittance from the U.S. follows a fairly standard process, these are the steps regardless of who is the remittance service provider:

1. Initiate the transfer
   The sender chooses a remittance service provider, then choose the payout method that is right for the recipient (such as: cash pickup, bank deposit, transfer, etc.), input the amount to send, and provides the recipient’s details.
   
   
2. Fund the transfer
   Transfers typically be funded via debit card, bank account, cash (in-store), or sometimes with credit card. Fees vary widely across different remittance providers.
   
   
3. Exchange rate
   This is where many senders lose money without realizing it. Some remittance providers convert USD to the recipient’s local currency using an exchange rate that may include a hidden markup over the mid-market rate. Some remittance service providers don’t charge commissions on the transfer as their business gains come strictly from exchange rates conversion. Understanding the exchange rate’s fees is also important when preparing to send remittances.
   
   
4. Settlement and payout
   The money is delivered to the receiver through a partner bank, local agent, cash pickup or digital wallet. Depending on the provider, this can take from minutes to  days.
   
   

The combination of fees + exchange rate markup is what ultimately determines the real cost of the remittances transfer. Many remittance providers advertise low fees when their business gains are achieved by offering a much weaker exchange rate, which results in reducing the amount your recipient actually receives. 

Types of Remittance service providers in the U.S.

The U.S. remittance service provider market is diverse, and providers generally fall into the following categories:

1. Cash-to-Cash Money Transfer Operators (MTOs)

These are the traditional remittance companies with physical locations for in-person payments and cash pickups.

Examples: MoneyGram, Western Union, Walmart (MoneyGram at Walmart).
Pros: Physical accessibility, ideal for people without bank accounts.
Cons: Often higher service fees, a slower process, and often has exchange-rate markups.

2. Traditional Banks and Credit Unions

Some financial institutions offer international wire transfers through SWIFT processes for remittance programs.

Pros:  Physical locations, direct bank-to-bank transfers.
Cons: Requires a bank account, usually the most expensive option (as SWIFT processes tend to have costly fees and exchange rates) and it could require longer processing times.

3. Digital-first Transfer Services

These companies operate entirely online or through mobile apps. They can be faster and more transparent.

Examples: Remitly, Felix, Comun, etc.
Pros: Convenience, speed, competitive fees, trackable transfers.
Cons: Limited cash pickup options in some regions.

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Key things to look out for when selecting a remittance service provider 

Choosing the right remittance service provider can have a significant impact on how much money actually reaches your loved ones. Between varying fees, differences in the exchange rate, documentation requirements, and the growing list of additional services, not all remittance providers offer the same services nor require the same things. Whether you send money home occasionally or on a weekly basis, it is important to choose a remittance provider that maximizes the value of what your loved ones receive. 
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1. Fees: What you pay up front (and what you don’t see)

Every remittance provider has some form of fees for providing their services, however not all fees are presented the same way (this is why it's important to fully understand the costs associated with your remittance). 

What types of fees can potentially exist? 

• Transfer fee: A flat or percentage-based amount charged per transaction. 
• Payment method fees: Extra charges for using a credit card instead of a bank account.
• Payout method fees: Some providers charge more for cash pick-ups vs. bank deposits.

What could be an unexpected fee?

• For example, exchange rates can differ: Often the exchange rate you find while doing an online search is not the same exchange rate that will be charged by your chosen remittance service provider.
  
  

What to look for?

• A tool or calculator showing the final amount the recipient gets before you make the transfer. 
• Transparent fee displays before you confirm the transaction. 
• Providers that consistently keep both transfer fees and FX markups low.
  
  

In many cases, the cheapest provider isn’t the one with the lowest visible fee. It could be the one offering the most competitive exchange rate or a fixed fee that makes sense with your transfer activity. The best service provider will always be one that serves the specific needs you have. 

 2. Exchange Rates: Why does the exchange rate could play a key role when selecting a remittance service provider? 

The exchange rate (or tipo de cambio) used by the provider determines how many pesos, quetzales, soles, or other currency your recipient will receive. When sending money abroad, senders can sometimes focus only on the visible fee (for example, a charge of $3.99 per transfer). But in many cases, the biggest cost can come in the exchange rate. If two companies offer the same fee but one has a weaker exchange rate, your family may receive less money.

For example: A difference of choosing an exchange rate with just 1 mexican peso less per USD could mean that the recipient would get $100 mexican pesos less on a $100 USD remittance. 

Understanding the real costs of your remittance  is essential to choosing the best remittance provider.

What questions can I ask myself before choosing the right remittances service provider?

• Do they use the mid-market exchange rate or do they add a margin?
• Is the rate fixed at the time you send the money? 
• Do they offer promotional rates only for first-time customers?

What could be something to look out for?

• A low fee paired with a weak exchange rate.
• Big differences between their advertised rate and the actual payout amount.
• Exchange rates that fluctuate during the transfer.
  
  

Even a small difference in the exchange rate can significantly reduce the final amount your family or friends receive if you send a lot.

3. Documentation and requirements: Keep it simple and secure

Each remittance provider must comply with U.S. financial regulations, but their onboarding requirements vary from service provider to service provider. 

What are some common documentation steps or documents needed?

• ID verification (e.g., driver’s license, passport, or state ID).
• Personal information such as date of birth and address.
• Recipient details (full name, destination country, payout method)
• In some cases, proof of funds or additional verification for large amounts

What to look for?

If a provider asks for excessive documentation or makes the process confusing, consider choosing one with smoother compliance systems. For example, some remittance services accept documentation without a United States passport when the sender can demonstrate residency in the United States. 

4. Speed and reliability: How fast does the money arrive?

While some people prioritize low cost, others prioritize speed. This is completely impacted by the recipient's needs back home. 

Transfer speeds vary by:

• Payment method (debit card vs. bank transfer vs. cash).
• Receiving method (bank deposit vs. mobile wallet vs. cash pickup)
• Provider’s infrastructure and local partnerships.
  
  

What can I focus on to ensure my transfer arrives quickly and safely? 

• Real-time delivery estimates offered by the service provider. 
• Clear differentiation between “instant,” “same-day,” and “next-day”. 
• A track record of reliability, not just advertised promises.

When urgency hits speed matters, but always make sure your money is safe. 

5. Security and trust: Your money must be safe

Choosing a remittance provider also requires confidence in the company’s ability to protect both your information and funds.

What are some key indicators of a trustworthy service provider?

• Licensing as a money transmitter in the U.S. For example, with Comun your funds in the Comun checking account are held at a FDIC insured partner bank.
• Secure encryption for payments.
• Fraud prevention tools and notifications.
• Positive customer reviews and transparent dispute resolution
  
  

To keep your money safe it is important to consider avoiding remittance providers with unclear credentials or repeated complaints about blocked transfers and delayed payouts.

6. Additional Services: Look beyond the transfer

A remittance provider is more than just a money-sending tool. Many now offer value-added features that can save you time or money. 

Common additional services

• Bill payments directly for utilities services overseas
• Mobile top-ups.
• Multi-language customer support. Like Comun that is available in Spanish.
• Transaction histories and downloadable receipts.
• Rate alerts to notify you when the exchange rate is favourable.
  
  

What to look for?

• Tools that simplify your overall financial support for your family and friends. 
• Support available that is adapted to your needs.
  
  

Extra services should add convenience not complexity. For example, at Comun you can either use your own debit card to fund the remittance, or open a Comun checking account if you don’t have a debit card.  

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Choose the right remittance service provider for your needs!

There’s no one-size-fits-all for a remittance service provider. Some people value speed, others care about the costs, while others need in-person services or cash pickup locations. To get the most out of your next transfer, focus on what matters to you whether it’s:

• Transparent fees.
• Competitive exchange rates.
• Simple documentation.
• Useful additional services.
• Strong security and customer support.
  
  

Taking a few minutes to compare the options with different service providers can make a significant difference in what your family and friends receive and how you optimize your finances according to your needs. 

Comun offers remittances services where you can either use your own debit card, or open a checking account with Comun if you don’t have a debit card. With Comun there are no annual nor monthly fees. Furthermore, Comun’s services are available in Spanish. Download our app or reach out if you’d like to learn more about Comun. 

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Comprendiendo las Estafas de Transferencia de Dinero

Las estafas de transferencia de dinero son esquemas fraudulentos diseñados para engañar a las personas para que envíen dinero o compartan información financiera sensible. Estas estafas pueden ocurrir a través de varios canales, incluyendo correos electrónicos, llamadas telefónicas, mensajes de texto e incluso redes sociales. Los estafadores a menudo se hacen pasar por entidades legítimas, como bancos, agencias gubernamentales o empresas de confianza, para ganarse la confianza de la víctima y provocar una acción inmediata.

Tácticas Comunes Utilizadas en las Estafas de Transferencia de Dinero

• Suplantación de Identidad: Los estafadores a menudo se hacen pasar por entidades creíbles para que sus solicitudes parezcan legítimas. Pueden pretender ser de tu banco, una agencia gubernamental o incluso un amigo o familiar en apuros.
• Urgencia y Miedo: Los estafadores crean un sentido de urgencia o miedo, insistiendo en que se debe tomar una acción inmediata. Esta táctica presiona a las víctimas a tomar decisiones apresuradas sin una verificación adecuada.
• Manipulación Emocional: Muchas estafas explotan las emociones de la víctima. Por ejemplo, un estafador puede afirmar que un ser querido está en problemas y necesita dinero de inmediato.
• Phishing: Los estafadores utilizan correos electrónicos o mensajes que parecen ser de fuentes legítimas para robar información personal, como credenciales de inicio de sesión o detalles bancarios.

Impacto de las Estafas de Transferencia de Dinero

Las consecuencias de caer víctima de una estafa de transferencia de dinero pueden ser graves:

• Pérdida Financiera: El impacto más directo es la pérdida de dinero, que puede variar desde unos pocos dólares hasta sumas considerables.
• Robo de Identidad: Los estafadores pueden usar la información robada para cometer robo de identidad, lo que lleva a complicaciones financieras y legales adicionales.
• Estrés Emocional: Las víctimas a menudo experimentan un estrés y ansiedad significativos después de darse cuenta de que han sido estafadas.

Comprender estas tácticas y los posibles impactos es el primer paso para protegerte de las estafas de transferencia de dinero.

Aprende sobre la seguridad de una cuenta con Comun

Tipos de Estafas

Las estafas de transferencia de dinero vienen en varias formas, cada una con métodos únicos para engañar a las víctimas. A continuación, se presentan dos tipos comunes de estafas que debes conocer:

Te Envian un Cheque a Cambio de un Pago de Retorno

En esta estafa, la víctima recibe un cheque, a menudo por una gran cantidad, con instrucciones para depositarlo en su cuenta bancaria. El estafador luego pide a la víctima que le envíe una parte del dinero de regreso o a un tercero, generalmente con el pretexto de cubrir tarifas, impuestos u otra razón fabricada.

Cómo Funciona:

• Recepción del Cheque: El estafador envía un cheque que parece real, a menudo alegando que es un pago en exceso, un premio u otra razón.
• Depósito del Cheque: La víctima deposita el cheque en su cuenta. Inicialmente, el banco puede acreditar la cantidad en la cuenta de la víctima, haciendo que parezca que los fondos están disponibles.
• Solicitud de Pago de Retorno: El estafador luego pide a la víctima que le envíe una parte de los fondos antes de que el cheque se compense por completo.
• Cheque Devuelto: Eventualmente, el cheque es devuelto por ser fraudulento, dejando a la víctima responsable de la cantidad total, incluyendo el dinero que enviaron al estafador.

Señales de Advertencia:

• Recibir un cheque de una fuente desconocida.
• Instrucciones para enviar dinero o tarjetas de regalo a cambio.
• Presión para actuar rápidamente antes de verificar la autenticidad del cheque.

Te Piden un Código de Confirmación Antes de Retirar Fondos

En esta estafa, el estafador se hace pasar por una empresa legítima o una institución financiera y contacta a la víctima, pidiéndole que proporcione un código de confirmación para verificar su identidad o completar una transacción.

Cómo Funciona:

• Contacto Inicial: El estafador contacta a la víctima, a menudo a través de una llamada telefónica, mensaje de texto o correo electrónico, haciéndose pasar por un representante de una entidad confiable.
• Solicitud de Código de Confirmación: Se pide a la víctima que proporcione un código de confirmación, que generalmente se envía a su teléfono o correo electrónico.
• Acceso No Autorizado: Una vez que la víctima proporciona el código, el estafador lo utiliza para acceder a la cuenta bancaria de la víctima o completar una transacción no autorizada.
• Retiro de Fondos: El estafador retira fondos de la cuenta de la víctima, dejándola con pérdidas financieras.

Señales de Advertencia:

• Solicitudes inesperadas de códigos de confirmación o información personal.
• Llamadas o mensajes que afirman necesidades urgentes de verificación.
• Solicitudes para compartir códigos enviados a tu teléfono o correo electrónico, especialmente si no iniciaste ninguna transacción.

Al comprender estos tipos específicos de estafas de transferencia de dinero, puedes protegerte mejor y reconocer señales de alerta cuando surjan.

Cómo Evitar las Estafas de Transferencia de Dinero

Evitar las estafas de transferencia de dinero requiere vigilancia y adherirse a ciertas mejores prácticas. Aquí hay algunos consejos esenciales para ayudarte a protegerte de caer víctima de estos esquemas fraudulentos.

Nunca Envies Dinero a Alguien que No Conoces

Una de las reglas más importantes para recordar es nunca enviar dinero a alguien que no conoces personalmente. Los estafadores a menudo se hacen pasar por empresas o personas legítimas en necesidad urgente, pero una vez que se envía el dinero, es casi imposible recuperarlo.

Puntos Clave:

• Verifica la Identidad: Siempre verifica la identidad de la persona u organización que solicita la transferencia. Utiliza información de contacto oficial para confirmar su legitimidad.
• Cuestiona la Solicitud: Sé escéptico ante cualquier solicitud de enviar dinero, especialmente si proviene de alguien con quien no has tenido tratos previos o que no conoces en persona.
• Consulta con Fuentes Confiables: Antes de enviar dinero, consulta con amigos, familiares o asesores financieros para obtener una segunda opinión.

Recuerda que las Transferencias de Dinero son Como Enviar Efectivo

Las transferencias de dinero son una forma conveniente de enviar dinero, pero también son irreversibles y pueden ser fácilmente explotadas por estafadores. Trata las transferencias de dinero con la misma precaución que tendrías con las transacciones en efectivo.

Aprende a hace transferencias internacionales

Puntos Clave:

• Comprende los Riesgos: El dinero enviado por transferencia es dinero perdido. A diferencia de las transacciones con tarjeta de crédito, las transferencias de dinero no tienen protección contra fraudes ni mecanismos de disputa.
• Usa Métodos Alternativos: Para transacciones con partes desconocidas, considera usar métodos de pago con mejor seguridad y protección contra fraudes, como tarjetas de crédito o plataformas de pago como PayPal.
• Verifica Dos Veces los Detalles: Antes de completar un servicio de transferencia de dinero, verifica dos veces todos los detalles del destinatario para asegurar la precisión y legitimidad.

Verifica la Identidad y Autentica las Transacciones

Verificar la identidad de las partes involucradas en una transacción y asegurar la autenticidad de la transacción misma son pasos cruciales para prevenir las estafas de transferencia de dinero. Los estafadores a menudo dependen de la suplantación de identidad y transacciones falsas para engañar a las víctimas.

Autenticación de Usuarios en el Punto de Compra

Implementar métodos sólidos de autenticación de usuarios en el punto de compra puede reducir significativamente el riesgo de fraude. Esto implica verificar la identidad del comprador antes de completar la transacción.

Métodos Efectivos de Autenticación:

• Verificación Biométrica: Utiliza datos biométricos, como huellas dactilares o reconocimiento facial, para mayor seguridad durante las transacciones.
• Pasarelas de Pago Seguras: Utiliza pasarelas de pago seguras que ofrezcan procesos de autenticación robustos.
• Códigos de Verificación: Requiere códigos de verificación enviados al dispositivo móvil o correo electrónico del usuario antes de completar la compra.

Sé Precavido al Transferir Dinero

Ejercer precaución y diligencia al transferir dinero es esencial para evitar estafas. Aquí hay algunos consejos a tener en cuenta:

• Verifica Dos Veces los Detalles del Destinatario: Siempre verifica dos veces la información del destinatario antes de iniciar una transferencia. Asegúrate de que el nombre, número de cuenta y número de ruta o control sean precisos.
• Evita el Wi-Fi Público: Realiza transacciones financieras solo en redes seguras y privadas. El Wi-Fi público puede ser fácilmente comprometido por estafadores.
• Limita las Cantidades de Transferencia: Si es posible, limita la cantidad de dinero que transfieres a la vez, especialmente cuando tratas con nuevas partes o desconocidas.

Protege tu Cuenta Bancaria

Proteger tu cuenta bancaria del acceso no autorizado es vital para prevenir pérdidas financieras debido a estafas.

Medidas de Seguridad:

• Contraseñas Fuertes: Usa contraseñas complejas y únicas para tus cuentas bancarias. Evita usar información fácil de adivinar, como fechas de cumpleaños o palabras comunes.
• Monitoreo Regular: Monitorea regularmente tus estados de cuenta bancarios y actividad de la cuenta en busca de transacciones sospechosas.
• Alertas de Cuenta: Configura alertas de cuenta para notificarte sobre retiros grandes, actividad sospechosa o intentos de inicio de sesión desde dispositivos no reconocidos.
• Dispositivos Seguros: Asegúrate de que tus dispositivos estén protegidos con software antivirus actualizado y que uses navegadores seguros para la banca en línea.

Al seguir estas pautas e implementar estas medidas de seguridad, puedes reducir significativamente el riesgo de caer víctima de estafas de transferencia de dinero.

Recuperándose de una Estafa de Transferencia de Dinero

Si sospechas que has caído víctima de una estafa de transferencia de dinero, es crucial actuar rápidamente para mitigar cualquier daño potencial y aumentar tus posibilidades de recuperar los fondos perdidos. Aquí están los pasos que debes seguir para abordar la situación:

¿Cuáles son los Pasos para Recuperar Fondos de Estafas de Transferencia de Dinero?

Contacta con tu Banco Inmediatamente

El primer y más crítico paso para recuperarse de una estafa de transferencia de dinero es contactar con tu banco. Aquí está lo que debes hacer:

• Proporciona Detalles: Da a tu banco toda la información sobre la transacción, incluyendo fechas, montos y cualquier comunicación con el estafador.
• Solicita una Investigación: Pide al banco que investigue la transacción. Pueden tener procedimientos específicos para manejar casos de fraude.
• Haz un Seguimiento: Mantén contacto regular con tu banco para estar al tanto del progreso de la investigación y de cualquier acción que tomen.

Informa a las Autoridades

• Presenta un Informe: Informa la estafa a tu agencia de aplicación de la ley local. Proporciónales todos los detalles y cualquier evidencia que tengas.
• Contacta con Agencias Federales: En los Estados Unidos, informa la estafa a la Comisión Federal de Comercio (FTC) y al Centro de Quejas de Delitos en Internet (IC3). Estas agencias pueden ayudar a investigar el fraude y potencialmente recuperar fondos.

Notifica a tu Empleador

Si la estafa involucra tu lugar de trabajo o cuentas comerciales, informa a tu empleador de inmediato. Pueden tener recursos o protocolos adicionales para ayudar a mitigar el impacto.

Monitorea tus Cuentas

• Vigila la Actividad No Autorizada: Monitorea de cerca tus cuentas bancarias e informes de crédito en busca de cualquier signo de transacciones no autorizadas o robo de identidad.
• Configura Alertas: Habilita alertas para todas las cuentas financieras para recibir notificaciones de cualquier actividad sospechosa.

Cambia los Detalles de Seguridad

• Actualiza Contraseñas: Cambia las contraseñas de todas tus cuentas financieras y cualquier otra cuenta que pueda haber sido comprometida.
• Habilita la Autenticación de Dos Factores: Mejora la seguridad de tu cuenta habilitando la autenticación de dos factores siempre que sea posible.

Busca Asesoramiento Profesional

• Asesoría Legal: Considera consultar con un abogado especializado en fraudes financieros para entender tus opciones legales y derechos.
• Asesor Financiero: Un asesor financiero puede ayudarte a evaluar el impacto de la estafa en tus finanzas y aconsejarte sobre los pasos para prevenir futuras ocurrencias.

Al seguir estos pasos, puedes tomar medidas proactivas para recuperarte de una estafa de transferencia de dinero y protegerte de futuros incidentes. Estar informado es clave para salvaguardar tu bienestar financiero en un mundo cada vez más digital.

Aprende mas sobre las acciones inmediatas que puedes tomar si tue cuenta ha sido comprometida

Conclusión

Las estafas de transferencia de dinero son amenazas omnipresentes en el panorama digital actual, dirigidas tanto a individuos como a empresas con tácticas sofisticadas. Sin embargo, armado con conocimiento y vigilancia, puedes protegerte contra estos esquemas fraudulentos. Al comprender las tácticas comunes, reconocer las señales de advertencia e implementar medidas preventivas como verificar identidades y proteger tus cuentas bancarias, puedes reducir significativamente tu riesgo de caer víctima de estafas.

En el desafortunado caso de ser estafado, la acción rápida es crucial. Contacta con tu banco de inmediato, informa la estafa a las autoridades y monitorea tus cuentas en busca de actividad no autorizada. Al mantenerte cauteloso y escéptico ante solicitudes no solicitadas de dinero o información personal, puedes navegar por las transacciones financieras con confianza y seguridad.

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Los sistemas de seguridad de la banca suelen disminuir una vez que las operaciones son recurrentes en una misma cuenta destino. Este proceso se llama afiliación y puede ser útil para poder agilizar los procesos de pagos y deudas. En este artículo te indicaremos porque es necesario afiliar los pagos, cuáles son los protocolos por los cuales se establecen las plataformas para realizar la afiliación de pagos. 

¿Por qué es útil afiliar los pagos en la banca en línea?

Te indicaremos los aspectos que hacen que sea necesario afiliar los pagos en la plataforma del banco en el cual posees tu dinero, y las razones son las siguientes: 

• Niveles de seguridad: Es necesario que tengas establecido cuáles son las personas o servicios en los cuales realizas pagos frecuentes, ocasionales o tan solo una vez. De tal forma que algunos deberán ser controlados a través de los factores de seguridad como coordenadas, códigos aleatorios, u otro elemento de autenticación que requiera el banco. 
• Practicidad: Tienes la posibilidad de agilizar los pagos que realizas a través de tu aplicación. De tal forma que no tengas que esperar elementos adicionales de seguridad para poderlo realizar.
• Evita la duplicidad de tareas: Con la afiliación no tienes que tener a la mano los datos para poder realizar la transferencia (depósito o pagos) a la cuenta. Simplemente, queda almacenado en una base de datos. Donde con tan solo seleccionar el servicio o la persona, a la que vas a realizar el pago con un clic lo seleccionas y ya agilizas el proceso. 
• Control: Al afiliar la cuenta puedes visualizar a la persona o la institución. También puedes eliminarla de tu base de datos, si estableces que el pago deja de ser recurrente. El proceso de eliminación de la base de datos, conlleva un pequeño protocolo. Con la finalidad de que puedas asegurarte que realmente vas a dejar de tener relación financiera con la persona o entidad que posee la cuenta. 

Requisitos para afiliar pagos en la banca en línea

Realmente uno de los requisitos para realizar este proceso, implica el tener en la base de datos de la plataforma del banco, la posibilidad de agilizar el proceso de depósito o pagos, para realizarlo debes tener lo siguiente:  

• Tener el mismo teléfono móvil: Donde se realiza la autenticación de operaciones bancarias. 
• Poseer algunos elementos adicionales de autenticación doble factor que haya otorgado el bajo sus protocolos de seguridad (en algunos casos este requisito es opcional).
• Correo electrónico: Esto sucede en caso de que sea enviado un código de autenticación por esta vía. 

Cómo afiliar pagos en la banca en línea

En principio la afiliación puede resultar algo engorrosa. Pero ya te acostumbrarás a realizarlo, y establecer los criterios que indican que los pagos o depósitos son recurrentes. Para ello  es necesario indicarte los pasos generales de la afiliación y son las siguientes.

Pasos para agregar la lista.

• Ingresa a la plataforma del banco colocando tu usuario y clave. 
• Al ingresar a la plataforma o aplicación, ubique entre el menú de su banco la opción "Afiliar pagos" y haga clic en esta opción.
• Desplegará una lista de aquellas personas a las cuales ha afiliado, si esta se encuentra vacía, es momento de agregar a la lista.
• Ubique la opción "Agregar"

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Al Agregar, realice lo siguiente.

• Seleccione la categoría de pago. 
• Registre los datos como: Nombre y Apellido, cédula o ID (según la región), número de cuenta.
• Acepte los datos y le enviará un código de autenticación (el cual será enviado por correo o a través de su móvil).
• Ingrese el código enviado.
• ¡Listo! Ya tiene afiliado el número de la cuenta.

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O1 Visa Requirements to Work in the United States

The United States offers a wide variety of visas to include as many profiles as possible that can contribute their knowledge to the country.

One example is the O1 visa, intended for foreign nationals who possess extraordinary abilities in fields such as science, sports, and the arts.

This visa has very specific criteria. Therefore, in this article, we explain the requirements established by the U.S. government to obtain it, the classification of O1 visa types, and the documents required during the application process.

If you are looking for an alternative to obtain a work visa in a highly competitive field, the O1 visa could open the door to a new life.

What Is the O1 Visa and Who Can Apply?

The O1 is a U.S. nonimmigrant visa aimed at foreign nationals with extraordinary abilities or outstanding achievements in specific areas.

The concept of “extraordinary ability” can seem a bit ambiguous, but in this context, USCIS refers to individuals who have reached such a level of excellence in their field that they have verifiable national or international recognition.

This visa is divided into two main categories:

O-1A Visa

For individuals with extraordinary achievements in science, education, business, or athletics.

O-1B Visa

For individuals with extraordinary ability in the arts, motion picture, or television industry.

As you can see, it is an immigration document that demands a high level of achievement from applicants in specific areas of work.

Main Requirements for the O1 Visa

To qualify for an O1 visa, applicants must meet a series of requirements established by USCIS.

Below are the main requirements for the two categories of this visa.

For the O-1A Visa

Applicants with outstanding achievements in science, education, business, or athletics must demonstrate they meet the following eligibility criteria:

• Having received significant recognition with national or international impact.

• Membership in prestigious associations that require outstanding achievements.

• Mentions or features in reputable media outlets.

• Having participated as a judge of the work of others in the same field.

• Being the author of published scientific articles.

• Having collaborated with distinguished organizations in the area of expertise.

• Evidence of a high salary or remuneration compared to others in the same field.

For the O-1B Visa

Applicants with outstanding achievements in the arts, film, or television industry can demonstrate eligibility if they meet the following requirements:

• Having received major awards, such as Grammy, Emmy, Oscar, or Nobel Prize.

• Participation in renowned productions.

• Being recognized by media and critics.

• Demonstrable commercial success or popularity.

• Having led prestigious projects.

It is important to note that it is not necessary to meet all these requirements, but the more criteria the applicant fulfills, the easier it will be to obtain the visa.

In both cases, applicants must have a job offer or a sponsor in the United States.

Documents and Evidence Commonly Submitted with the Application

In addition to meeting the criteria, the applicant must have the following documents to prepare a complete application.

Form I-129, Petition for a Nonimmigrant Worker

This form must be filed by the U.S. employer or agent and should include the following details:

• Full name of the beneficiary.

• Detailed description of the project.

• Expected duration and location of the project.

Letters of Recommendation

This letter is essential to support the applicant’s experience in their field. It must be issued by a group of peers, a union, or an expert entity.

Job Offer Letter or Employment Contract in the U.S.

It is a document signed by the applicant and the employer that sets out the terms and conditions of employment, responsibilities, and duration.

Additionally, the previously mentioned requirements can be supported with the following documentation:

• Copies of publications, articles, or press materials.

• Evidence of memberships, awards, or recognitions.

• Financial statements or evidence of high remuneration.

If you have any doubts about your application process, consult an immigration attorney who can help you determine whether your profile fits this type of visa, which is often considered an elite category. Keep in mind that there are other options such as the EB-1 and H-1B visas.

Find Opportunities in the U.S. with Support from Común

In this article, we explained that the O1 is the visa for individuals with extraordinary abilities, aimed at people with outstanding performance in science, sports, and the arts. We also covered the approval requirements and documentation needed to demonstrate that you belong to the groups covered by this work authorization.

Arriving in a new country to work involves many changes and learning to adapt to customs and regulations. When it comes to managing money effectively, it is essential that immigrants have access to quality financial services.

Discover Común, the financial platform that makes life easier for immigrants in the U.S.!

• Checking account with clear and competitive fees.

• International money transfers with affordable costs.

• Mobile app available in Spanish that accepts more than 100 official foreign identifications.

• Debit card for everyday purchases and payments.

Open your account with Común today and build your future in the U.S. with a financial platform designed for immigrants.

Frequently Asked Questions (FAQ)

Can You Obtain an O1 Visa Without a Sponsor?

No, the O1 visa always requires a sponsor to initiate the process. This sponsorship may be provided by a U.S. employer or an agency that acts as an intermediary between the applicant and contractors in the United States.

Although this visa cannot be self-petitioned, there is an option to hire an agent to submit the initial petition.

How Much Money Is Required for an Investor Visa in the United States?

The most common investor visa is the EB-5, which requires a minimum investment of $1,050,000 if the investment is made in a rural area or one with high unemployment.

A key requirement is that the project must create or maintain at least 10 full-time jobs in the United States.

Another investor visa option is the E-2, or treaty investment visa, which does not require a fixed amount but requires the applicant to prove that the investment is large enough to generate a positive impact.

Which Documents Carry the Most Weight for Approval?

The documents that usually carry the most weight for O1 visa approval are those that demonstrate sustained and verifiable recognition.

For example:

• Major awards.

• Publications in recognized media.

• Participation as a judge of others’ work.

• Membership in selective associations.

• Evidence of participation in well-known projects.

• Letters of recommendation from experts or field leaders.

Although it is not necessary to present all these documents, the more evidence there is, the greater the chances of approval.

How Long Does the O1 Visa Last and Can It Be Renewed?

The initial duration is 3 years, depending on the project. Extensions of 1 year can be requested as long as the requirements continue to be met.

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Comprendiendo el ITIN: Esencial para los no ciudadanos

Navegar por el sistema tributario de los EE.UU. puede ser intimidante, especialmente para los no ciudadanos. Sin embargo, el IRS ofrece una herramienta útil: el Número de Identificación Personal del Contribuyente (ITIN). Comprender el ITIN es un paso importante para los no ciudadanos en los EE.UU. que necesitan cumplir con las leyes tributarias, pero no son elegibles para un Número de Seguro Social (SSN). Este artículo explicará qué es un ITIN, por qué es importante, quién es elegible y cómo solicitarlo.

¿Qué es un ITIN?

Un ITIN es un número de procesamiento de impuestos emitido por el Servicio de Impuestos Internos (IRS). Consta de nueve dígitos, similar a un SSN, y es utilizado por los no ciudadanos que están obligados a presentar declaraciones de impuestos en los EE.UU. pero no califican para un SSN. El ITIN garantiza que las personas cumplan con las leyes fiscales de los EE.UU., incluso si no tienen un estatus migratorio legal.

¿Por qué es importante el ITIN?

Para los no ciudadanos, el ITIN es esencial porque les permite cumplir con sus obligaciones fiscales. Sin un ITIN, estas personas no podrían presentar declaraciones de impuestos, lo que podría acarrear multas o problemas con su estatus migratorio en el futuro. Además, tener un ITIN puede ser beneficioso para otros propósitos, como abrir una cuenta bancaria, obtener préstamos o incluso solicitar ciertos tipos de visas. Es una herramienta crítica para la inclusión financiera y la estabilidad de los no ciudadanos que viven y trabajan en los Estados Unidos.

¿Quién es elegible para un ITIN?

La elegibilidad para un ITIN es relativamente amplia. El ITIN está destinado principalmente a los no ciudadanos que están obligados a presentar una declaración de impuestos pero no son elegibles para un SSN. Esto incluye:

1. Extranjeros no residentes que están obligados a presentar una declaración de impuestos en los EE.UU.
2. Residentes extranjeros en EE.UU. (basados en el número de días presentes en los EE.UU.) que presentan una declaración de impuestos en EE.UU.
3. Dependientes o cónyuges de ciudadanos estadounidenses o residentes extranjeros que no son elegibles para un SSN.
4. Dependientes o cónyuges de titulares de visas de extranjeros no residentes que no son elegibles para un SSN.

Un ITIN no otorga el derecho a trabajar en los EE.UU. ni califica a una persona para recibir beneficios del Seguro Social; su propósito es estrictamente para la presentación de impuestos.

¿Cómo solicitar un ITIN?

Para solicitar un ITIN, debes comenzar completando el Formulario W-7 del IRS, también conocido como 'Solicitud de Número de Identificación Personal del Contribuyente del IRS'. También deberás proporcionar documentos que confirmen tu identidad y estatus extranjero, como un pasaporte o una combinación de otros documentos aceptables. La solicitud completa, junto con la documentación necesaria, puede enviarse por correo, en persona en una oficina del IRS, o a través de un Agente de Aceptación Certificado (CAA) autorizado por el IRS.

1. Completa el Formulario W-7: Proporciona información personal, incluido tu nombre, dirección postal y la razón para solicitar un ITIN.
2. Proporciona documentos originales: Envía documentos que prueben tu identidad y estatus extranjero. Estos pueden incluir un pasaporte, una licencia de conducir extranjera o un certificado de nacimiento.
3. Envía la solicitud: Puedes enviar tu solicitud por correo al IRS, a través de una oficina del IRS o mediante un CAA.
4. Espera el procesamiento: El IRS generalmente tarda de seis a diez semanas en procesar la solicitud y emitir el ITIN.

Conceptos erróneos comunes sobre el ITIN

Existen varios conceptos erróneos sobre el ITIN que pueden causar confusión:

• Los ITIN no otorgan estatus legal: El ITIN es únicamente un número de procesamiento de impuestos. No confiere estatus migratorio ni el derecho a trabajar en los EE.UU.
• Los ITIN no son un camino a la ciudadanía: Si bien tener un ITIN es necesario para la presentación de impuestos, no contribuye directamente a la obtención de la ciudadanía o una tarjeta verde.
• Los ITIN no son permanentes: Los ITIN expiran si no se utilizan en una declaración de impuestos federal durante tres años consecutivos. Además, ciertos ITIN emitidos antes de 2013 pueden necesitar ser renovados.

Conceptos similares al ITIN en el mundo

El concepto de un ITIN, aunque específico de EE.UU., tiene paralelos en varios países del mundo. Muchas naciones tienen sistemas similares diseñados para garantizar que los no ciudadanos y otras personas sin un número de identificación nacional estándar puedan cumplir con sus obligaciones tributarias. Aquí tienes un vistazo a algunos sistemas comparables en diferentes regiones:

• América Latina: RUT y CPF
• En América Latina, varios países tienen números de identificación tributaria para residentes y no residentes por igual. Por ejemplo:
• • Chile: El RUT (Rol Único Tributario) es un número de identificación tributaria único utilizado tanto por residentes como por no residentes. Al igual que el ITIN, el RUT es esencial para presentar impuestos, abrir cuentas bancarias y realizar diversas transacciones financieras. Los no residentes que tienen ingresos de fuentes chilenas están obligados a obtener un RUT.
  • Brasil: El CPF (Cadastro de Pessoas Físicas) sirve como un número de identificación tributaria para ciudadanos y no ciudadanos. Los extranjeros que necesiten participar en actividades financieras en Brasil, como poseer propiedades o recibir ingresos, deben obtener un CPF, incluso si no residen en el país.
• Asia: PAN y NRIC
• En Asia, países como India y Singapur tienen sus versiones de números de identificación tributaria:
• • India: El PAN (Permanent Account Number) es un identificador alfanumérico de diez dígitos emitido a residentes y no residentes. Es similar al ITIN en el sentido de que es necesario para presentar impuestos y realizar transacciones financieras en India. Los extranjeros con fuentes de ingresos en India necesitan un PAN para cumplir con las regulaciones fiscales.
  • Singapur: El número NRIC (National Registration Identity Card) se utiliza para los residentes, mientras que a los no residentes se les asigna un FIN (Foreign Identification Number) para fines fiscales y legales. El FIN es necesario para los no ciudadanos que trabajan en Singapur, asegurando que cumplan con las leyes fiscales del país.
• Europa: NIE y NIF
• En Europa, muchos países tienen números de identificación específicos para no ciudadanos, similares al ITIN:
• • España: El NIE (Número de Identificación de Extranjero) es un número de identificación asignado a los no ciudadanos en España. Es esencial para fines fiscales, la compra de propiedades y la creación de un negocio. El NIE es análogo al ITIN en su función de ayudar a los extranjeros a cumplir con sus obligaciones legales y financieras en España.
  • Portugal: El NIF (Número de Identificación Fiscal) se utiliza para la identificación fiscal en Portugal. Los no residentes que necesiten realizar actividades financieras o cumplir con obligaciones fiscales en Portugal están obligados a obtener un NIF, similar a cómo los no ciudadanos en EE.UU. utilizan un ITIN.

El ITIN es una característica única del sistema fiscal de EE.UU., pero su propósito se refleja en muchos otros países del mundo. Ya sea el RUT en Chile, el PAN en India o el NIE en España, estos sistemas de identificación juegan un papel crucial para garantizar que los no ciudadanos puedan participar en actividades financieras y cumplir con sus obligaciones fiscales.

¿Necesitas un ITIN para abrir una cuenta en Común?

No, ¡no necesitas un ITIN (Número de Identificación Personal del Contribuyente) para abrir una cuenta en Común! Común está diseñado para ser accesible a personas que pueden no tener formas tradicionales de identificación, como un SSN (Número de Seguro Social) o ITIN. En su lugar, Común permite a los usuarios abrir una cuenta utilizando formas alternativas de identificación, como un pasaporte, una identificación consular u otros documentos que verifiquen la identidad y la residencia.

Este enfoque se alinea con la misión de Común de proporcionar inclusión financiera para todos, independientemente de su estatus migratorio. Al no requerir un ITIN o SSN, Común asegura que más personas, incluidas aquellas en la comunidad inmigrante, puedan acceder a servicios bancarios y gestionar sus finanzas de manera segura y conveniente.

Conclusión

El ITIN es una herramienta vital para los no ciudadanos que navegan por el sistema fiscal de los EE.UU. Les permite cumplir con sus obligaciones tributarias, acceder a servicios financieros y participar más plenamente en la vida económica. Comprender el propósito y el proceso para obtener un ITIN puede ayudar a los no ciudadanos a cumplir con las leyes fiscales de EE.UU. y evitar posibles problemas legales. Ya sea que seas nuevo en EE.UU. o hayas estado viviendo aquí durante algún tiempo, conocer el ITIN y su importancia es esencial para la estabilidad financiera y el cumplimiento legal.

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Unmatched Ease of Opening an Account

Opening a checking account with Comun is simple and hassle-free, addressing the barriers to financial exclusion typically faced by the immigrant community. Accepting over 100 forms of identification², including social security numbers from Latin American countries, Comun ensures that immigrants have access to essential banking services. The application process is quick, taking less than 5 minutes, and is free of additional or hidden fees, minimum balance requirements or monthly commissions. This inclusiveness is central to Comun's mission of fostering financial stability and growth.

Mobile Deposit Options

ComunComun offers a convenient mobile deposit feature that allows users to deposit cash at more than 88,000 locations in the United States, including major retailers such as Walgreens, Dollar General and Walmart. This extensive network ensures that users can easily find a deposit location near them, making the process of adding money to their accounts simple and hassle-free.

Traditional Banking: Although many traditional banks offer mobile deposit options, they often restrict these to check deposits through a mobile app. Cash deposits typically require a visit to an ATM or bank branch, which can be less convenient and more time-consuming than Comun's extensive cash deposit network.

Utility in Today's World: In today's fast-paced environment, the flexibility to deposit cash in a wide range of accessible locations is invaluable, especially for individuals who may not have easy access to traditional banking services or who work non-traditional hours when banks are closed.

International Remittances

ComunComun excels in facilitating international remittances⁴, allowing users to send money abroad quickly and with lower fees compared to many traditional banks and remittance services. The process is enhanced with real-time notifications, keeping the sender informed from the moment the money is sent until it is received.

Traditional Banking: Traditional banks generally offer international transfer services, but these can be expensive and slow, with transfers sometimes taking several days to complete. In addition, the fees associated with traditional bank remittances can be significantly higher.

Usefulness in Today's World: In a globalized economy, the ability to send money across borders quickly and affordably is crucial. Many families rely on remittances for financial support, and businesses need efficient ways to handle international transactions. Comun's streamlined and cost-effective service effectively meets these modern demands.

Advance Salary Access

Comun: Comun offers the ability to connect wages to the application and receive payment up to two days in advance³. This feature incurs no additional fees, providing significant relief during financial emergencies or when planning ahead.

Traditional Banking: Some traditional banks have begun to offer similar features, but they are often tied to specific types of accounts or require a minimum balance. The accessibility and ease of use of early access to Comun's salary is not always matched in traditional environments.

Usefulness in Today's World: With the rise of gig economy jobs and irregular pay schedules, having early access to wages can provide a buffer against financial instability. This feature is particularly valuable for those living paycheck to paycheck, offering a cushion that can help avoid overdraft fees and late payments.

Unlike traditional banking institutions, Comun's innovative features are designed to meet the needs of today's diverse and mobile population, particularly benefiting the immigrant community in the U.S. By providing services that offer greater convenience, lower costs and greater accessibility, Comun not only addresses common challenges faced by its users, but also empowers them toward greater financial freedom and stability. As we move toward a more interconnected and fast-paced world, the importance of responsive and inclusive financial services continues to grow, something Comun is uniquely positioned to offer.

Robust Security and Customer Support

Security and customer support are paramount at Comun. With FDIC-insured accounts and Visa protection on virtual Visa debit card transactions, Comun customers can manage their funds with confidence. Innovative security features such as biometric logins and instant transaction notifications keep your money safe. In addition, Comun offers 24/7 customer support in English and Spanish, ensuring that help is always available in your preferred language.

Commitment to Zero Fees and Upward Mobility

Comun stands out not only for offering zero fees for account opening, monthly maintenance or minimum balances, but also for its commitment to helping its users move up the financial ladder. Comun acts as a financial partner, supporting financial transactions without the burden of excessive fees. This commitment aligns with the goal of enabling upward mobility for immigrants, who contribute significantly to the U.S. economy.

Customized Features and Benefits

Comun goes beyond traditional financial services by offering features designed to meet the unique needs of the immigrant community. Users can send money abroad with low or no fees, deposit cash at more than 88,000 locations nationwide, including free ATM withdrawals, and connect their accounts to popular payment apps such as Zelle, CashApp and Venmo. Comun's platform also allows customers to receive their paychecks up to two days early through direct deposit, further enhancing their financial flexibility and stability.

Conclusion

Comun is not just a financial services provider, but a platform dedicated to transforming the banking experience for immigrants in the U.S. With its user-focused design, commitment to financial freedom and robust features, Comun is destined to become a vital tool for achieving financial stability and growth for its users. Whether you are looking to manage your daily finances or send money to loved ones abroad quickly and securely, Comun offers a reliable, inclusive and efficient banking solution.

Foundational Moment: Did you know?

Founded by entrepreneurs Mark Selcow and Andres Santos in New York, Comun was built to empower families and enable upward mobility, particularly for the immigrant family. The company has garnered significant investment from prominent firms such as Costanoa Ventures, FJ Labs and South Park Commons, underscoring the tremendous opportunity to serve the financial needs of immigrant families and improve the lives of every individual.

¿Por Qué Configurar una Tarjeta Digital?

Tu tarjeta digital está disponible para su uso tan pronto como financies tu cuenta, ofreciendo varias ventajas:

• Acceso Instantáneo: No hay período de espera para una tarjeta física.
• Conveniencia: Realiza compras en línea fácilmente en comerciantes populares como Amazon, Walmart y más.
• Flexibilidad: Usa la tarjeta digital para varias transacciones, incluyendo depósitos en efectivo con un código de barras en tu aplicación.

Configuración de Tu Tarjeta Digital

Sigue estos pasos para configurar y comenzar a usar tu tarjeta digital con Común¹:

1. Financia Tu Cuenta

Asegúrate de que tu cuenta bancaria esté financiada. Este paso es crucial, ya que tu tarjeta digital solo estará disponible después de que la cuenta tenga fondos.

2. Accede a la Tarjeta Digital‍

Abre tu aplicación bancaria Común y navega hasta la página principal.Busca el botón “Administrar tarjetas” en la esquina superior izquierda de la página principal.‍

3. Ver Detalles de la Tarjeta

Haz clic en “Administrar tarjetas” para acceder a las opciones de gestión de tarjetas.Para ver los detalles de tu tarjeta, haz clic en “Ver información de la tarjeta”.

4. Usando Tu Tarjeta Digital para Compras en Línea

Con los detalles de tu tarjeta visibles, ahora puedes usar tu tarjeta de débito digital para hacer compras en línea. Simplemente ingresa la información de la tarjeta en el proceso de pago en cualquier sitio web que acepte pagos con tarjeta de crédito o débito, incluidos grandes minoristas como Amazon y Walmart.‍

5. Depositar Efectivo

No necesitas esperar tu tarjeta física para depositar efectivo. Usa el código de barras en tu aplicación para hacer depósitos en efectivo en lugares compatibles.

Beneficios e Inconvenientes de Usar una Tarjeta Digital

Seguridad: Las tarjetas digitales ofrecen una capa adicional de seguridad para transacciones en línea. Se pueden bloquear o reemplazar fácilmente si se ven comprometidas, reduciendo el riesgo de robo de identidad y transacciones no autorizadas.

Uso Inmediato: Comienza a comprar en línea o deposita efectivo sin esperar tu tarjeta física.

Control: Gestiona los detalles de tu tarjeta directamente desde tu aplicación Común, lo que facilita el seguimiento de gastos y la actualización de información según sea necesario.

Conveniencia: No es necesario llevar una tarjeta física, lo que reduce el riesgo de perderla.

Inconvenientes Potenciales de Usar una Tarjeta Digital

Aceptación Limitada: Algunos comerciantes pueden no aceptar tarjetas digitales, especialmente para transacciones en tienda donde se requiere una tarjeta física.

Dependencia de la Tecnología: El acceso a tu tarjeta digital depende de tener tu dispositivo móvil y conexión a internet. Si pierdes tu teléfono, te lo roban o se queda sin batería, podría ser difícil acceder a los detalles de tu tarjeta.

Transición a Tarjeta Física: Una vez que llegue tu tarjeta física, necesitarás activarla y actualizar cualquier método de pago guardado, lo que puede ser un paso adicional.

Riesgos de Seguridad Potenciales: Aunque las tarjetas digitales son generalmente seguras, no son inmunes a ataques de phishing u otras estafas en línea. Es esencial estar alerta y practicar buenos hábitos de seguridad.

Cómo Evitar los Inconvenientes de una Tarjeta Digital

Aunque las tarjetas digitales ofrecen muchos beneficios, estar consciente de los posibles inconvenientes y mitigarlos asegura una experiencia fluida y segura. Aquí hay algunos consejos sobre cómo evitar los inconvenientes comunes asociados con las tarjetas digitales:

Asegura la Aceptación del Comerciante:

Antes de hacer una compra, especialmente en tienda, confirma que el comerciante acepte tarjetas digitales o pagos con billetera móvil como Google Pay o Apple Pay. Para compras en línea, la mayoría de los grandes minoristas aceptarán tarjetas digitales sin problema.

Prepárate para la Dependencia Tecnológica:

Siempre ten un plan de respaldo. Mantén un método de pago secundario, como una tarjeta física u otra billetera digital, disponible en caso de que tu dispositivo móvil no esté accesible. Carga tu teléfono regularmente y considera llevar un cargador portátil.

Transición Suave a una Tarjeta Física:

Cuando llegue tu tarjeta física, actívala de inmediato y actualiza tu información de pago en todos tus servicios habituales. Esto incluye actualizar los detalles de la tarjeta guardada en sitios de compras en línea y billeteras digitales para asegurar la continuidad.

Mejora las Medidas de Seguridad:

Protege tu tarjeta digital contra ataques de phishing ingresando los detalles de la tarjeta solo en sitios web confiables. Usa una extensión de navegador segura o una aplicación para generar números de tarjeta digital únicos para diferentes transacciones, añadiendo una capa adicional de seguridad.

Habilita notificaciones para todas las transacciones para monitorear cualquier actividad no autorizada. Esto te ayuda a detectar y responder rápidamente a cualquier transacción sospechosa.

Mantente Informado y Proactivo:

Revisa regularmente la configuración de tu cuenta y el historial de transacciones en la aplicación Común para mantenerte al tanto de tus finanzas.

Establece límites de gasto en tu tarjeta digital para gestionar tu presupuesto y evitar gastos excesivos. Mantener un ojo en tu crédito disponible asegura que no enfrentes transacciones rechazadas debido a fondos insuficientes.

Utiliza el Soporte al Cliente:

Si encuentras algún problema o tienes preguntas sobre el uso de tu tarjeta digital, no dudes en contactar al servicio al cliente de Común. Ellos pueden brindarte asistencia adicional y ayudarte a resolver cualquier problema rápidamente.

Consigue tu tarjeta digital con Común ahora mismo!

Abre tu cuenta bancaria¹ en 3 minutos con la ID de tu país²

Abre tu cuenta

Integrando Tarjetas Digitales con Billeteras Digitales

Para mayor conveniencia, puedes integrar tu tarjeta digital con billeteras digitales como Google Pay y Apple Pay. Esto te permite usar tu tarjeta digital tanto para compras en línea como en tienda sin necesidad de la tarjeta física. Simplemente agrega los detalles de tu tarjeta digital a tu aplicación de billetera digital preferida y comienza a gastar de manera segura y conveniente.

Gestionando Tu Tarjeta Digital

Usar tu tarjeta digital de manera efectiva implica estar al tanto de la configuración de tu cuenta y los límites de gasto. Aquí hay algunos consejos para gestionar tu tarjeta digital:

• Monitorea Transacciones: Revisa regularmente los detalles de tus transacciones en tu aplicación Común para asegurarte de que todos los cargos sean correctos.
• Establece Límites de Gasto: Controla tus gastos estableciendo límites en tu tarjeta digital, ayudándote a evitar gastos excesivos y gestionar mejor tu presupuesto.
• Actualiza la Información de Pago: Mantén tu información de pago actualizada, especialmente si recibes una nueva tarjeta digital o necesitas cambiar tu dirección de facturación.

Conclusión

Configurar y usar tu tarjeta digital desde el primer día es un proceso sencillo que ofrece acceso inmediato y conveniencia. Si bien hay numerosos beneficios, incluida una mayor seguridad y disponibilidad instantánea, es importante estar al tanto de los posibles inconvenientes. Al comprender tanto los pros como los contras, puedes tomar decisiones informadas sobre cómo usar mejor tu tarjeta digital.

Aprovecha la facilidad de la banca moderna activando tu tarjeta digital hoy y disfruta de los beneficios de acceso instantáneo a tus fondos. Ya sea que estés realizando compras en línea o depositando efectivo, tu tarjeta digital proporciona una forma flexible y segura de gestionar tus finanzas. Visita Común para obtener más información sobre cómo configurar tu tarjeta digital y explorar otras soluciones bancarias innovadoras que ofrecemos.

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