To open a Común account you need a valid, government-issued photo ID — passport, consular ID, or one of over 100 accepted Latin American IDs. No Social Security Number is required. The process is 100% online and takes about 3 minutes.

Común: Revolutionizing Financial Access for the Immigrant Community

Discover Común, a pioneering financial technology platform designed specifically to meet the needs of the immigrant community in the United States. Unlike traditional banking, Común offers a friendly digital banking experience focused on financial inclusion, low fees, and bilingual support, making financial services more inclusive and empowering.

Unmatched Ease When Opening an Account

Opening a checking account with Común is simple and hassle-free, addressing the barriers to financial exclusion the immigrant community typically faces. Accepting more than 100 forms of ID², including Social Security equivalents from Latin American countries, Común ensures immigrants have access to essential banking services. The application process is fast, taking under 5 minutes, and is free of additional or hidden fees, minimum balance requirements, or monthly charges. This inclusivity is central to Común's mission of fostering financial stability and growth.

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Mobile Deposit Options

Común: Común offers a very convenient mobile deposit feature that lets users deposit cash at more than 88,000 locations across the United States, including major retailers like Walgreens, Dollar General, and Walmart. This extensive network ensures users can easily find a nearby deposit location, making the process of adding money to their accounts simple and hassle-free.

Traditional Banking: While 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 Común's extensive cash deposit network.

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

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International Remittances

Común: Común stands out in facilitating international remittances⁴, letting users send money abroad quickly and at 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's 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. Additionally, 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. Común's streamlined, cost-effective service effectively meets these modern demands.

Early Access to Pay

Común: Común offers the ability to connect your paycheck to the app and get paid up to two days early³. This feature doesn't carry additional fees, providing significant relief during financial emergencies or when planning ahead.

Traditional Banking: Some traditional banks have started offering similar features, but they're often tied to specific account types or require a minimum balance. The accessibility and ease of use of Común's early pay access isn't always matched in traditional settings.

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, Común's innovative features are designed to meet the needs of today's diverse, mobile population, particularly benefiting the immigrant community in the U.S. By providing services that offer greater convenience, lower costs, and increased accessibility, Común doesn't just address the common challenges its users face — it also empowers them toward greater financial freedom and stability. As we move toward a more interconnected, fast-paced world, the importance of responsive, inclusive financial services keeps growing, something Común is uniquely positioned to deliver.

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Robust Security and Customer Support

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

Commitment to Zero Fees and Upward Mobility

Común stands out not just for offering zero fees for opening an account, monthly maintenance, or minimum balances, but also for its commitment to helping its users achieve economic advancement. Común 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.

Personalized Features and Benefits

Común goes beyond traditional financial services by offering features designed to meet the immigrant community's unique needs. Users can send money abroad at low or no cost, deposit cash at more than 88,000 locations nationwide, including free ATM withdrawals, and connect their accounts to popular payment apps like Cash App and Venmo. Común's platform also lets customers get paid up to two days early through direct deposit, further enhancing their flexibility and financial stability.

Conclusion

Común isn't just a financial services provider — it's 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, Común is set to become a vital tool for its users' financial stability and growth. Whether you're looking to manage your day-to-day finances or send money to loved ones abroad quickly and safely, Común offers a reliable, inclusive, and efficient banking solution.

Founding Moment: Did You Know?

Founded by entrepreneurs Abiel Gutierrez and Andres Santos in New York, Común was built to empower families and enable upward mobility, particularly for immigrant families. The company has raised significant investment from notable firms like Costanoa Ventures, FJ Labs, and South Park Commons, underscoring the tremendous opportunity to serve immigrant families' financial needs and improve every person's life.

What documents do I need to open a Común account?

A valid government-issued photo ID: passport, consular ID, foreign driver's license, or one of over 100 accepted Latin American IDs. No Social Security Number or ITIN is required.

How long does the account opening process take?

About 3 minutes, entirely from your phone. Approval is instant in most cases.

Does it cost anything to open a Común account?

There's no opening fee, no monthly fee, and no minimum balance required.

Frequently asked questions

Can I open a Común account without a Social Security Number?

Yes, Común accepts a passport, consular ID, or other valid Latin American ID instead of a Social Security Number.

How long does it take to open the account?

The process takes about 3 minutes through the app, with instant approval in most cases.

Do I need proof of address to open the account?

Proof such as a utility bill or digital bank statement may be requested, depending on your situation.

Is there any cost to open or maintain the account?

No, there's no opening fee, monthly fee, or minimum balance required.

What do I get when I open my account?

A checking account and a Visa debit card, with access to direct deposit, remittances, and the cash-deposit network.

Can I open the account if I just arrived in the United States?

Yes, as long as you have a valid ID from your home country, you can open your account without needing U.S. credit history.

A prepaid card is loaded with money in advance and generally is not linked to a traditional checking account. A debit card is linked to a checking account, and money is taken directly from the available balance in that account. A debit card is generally connected to additional banking features, such as account statements, direct deposit, and other account services.

The main difference is their connection to a bank account, as a debit card draws funds directly from a checking account, while a prepaid card requires you to load money onto it in advance. Neither prepaid cards nor debit cards typically help you build a credit score because they generally are not reported to the major credit bureaus.

What is a prepaid card?

A prepaid card is a payment card that must be loaded with funds before it can be used. Spending is limited to the amount loaded onto the card. They are commonly available through retail stores and financial service providers.

Prepaid cards are commonly used for everyday purchases, online payments, and sending or receiving limited funds. Prepaid cards can be reloadable, meaning you can add money again after spending the balance. Some also allow direct deposit, but the features available depend on the provider.

Because prepaid cards are generally not linked to a traditional checking account, they may not include features such as full account statements, overdraft services, or other banking features. Available services vary by provider.

What is a debit card?

A debit card is linked to a checking account. When a purchase is made, the money is taken directly from the account balance.

Debit cards are commonly used for daily spending, online purchases, ATM withdrawals, and bill payments. They are also commonly used for receiving income through direct deposit from employers or other payment sources.

Because the card is connected to an account, all transactions are recorded in account statements. These statements can be used to track spending, income deposits, and account activity over time.

A debit card generally reflects your available account balance as transactions are processed.

Prepaid card vs. debit card: main differences

Prepaid cards and debit cards can look similar in everyday use, but they operate in different ways behind the scenes. The comparison below breaks down how each one works across key features such as account access, fees, deposits, and financial tools. Común’s debit card is included to be used as an example of a debit card.

This comparison shows how prepaid cards and debit cards differ in structure, cost, and financial features, especially when it comes to account access and long-term use. A debit card linked to a checking account can offer more functionality, including direct deposit and account statements. Eligible customers can open a Común checking account using a Passport or certain Latin American IDs.

What are the disadvantages of prepaid cards?

Prepaid cards can be useful for basic spending, but they can have limitations depending on how they are used.

One common limitation is cost structure. Many prepaid cards may charge fees for adding money, withdrawing cash, or maintaining the card. The types and amounts of fees vary by provider.

Some prepaid cards also have limits on deposits, withdrawals, or transfers.

Another limitation is access to financial features. Prepaid cards usually do not include all of the features available with a traditional checking account, such as detailed account statements, bill payment tools, or other banking services.

Can immigrants get a debit card without a Social Security Number?

Some financial institutions and service providers allow individuals to open accounts using alternative identification instead of a Social Security Number. Accepted identification varies by institution and may include a passport or other forms of government issued identification.

Verification is still required to confirm identity under U.S. financial rules, but the documents accepted can vary by provider.

Once the account is approved, a debit card is issued and linked to the checking account. It can then be used for purchases, withdrawals, and direct deposits.

In the United States, some financial service providers accept different forms of identifications for their verification process. For example, Común accepts passports and more than 100 Latin American IDs to open an account.

When does it make sense to use a prepaid card?

A prepaid card can be useful for basic spending, short-term use, or situations where a traditional checking account is not available.

It can also be used as a budgeting tool since spending is limited to the loaded balance.

Some people use prepaid cards as a first step in the U.S. financial system before moving toward debit accounts with more features.

How to switch from a prepaid card to a debit card

Switching from a prepaid card to a debit card usually involves opening a checking account and moving recurring payments or deposits to the new account.

Once the account is open, money can be added through direct deposit, transfers, or other supported methods depending on the provider.

Some users keep their prepaid card active during the transition period while updating payment information across services.

If you’re considering switching from a prepaid card, Común offers a checking account with a debit card that eligible customers can open using a passport or accepted Latin American IDs. The account doesn’t have any minimum balance requirements or monthly maintenance fees.

FAQ

Is a prepaid card the same as a debit card?

No, a prepaid card is loaded with money in advance and is not connected to a checking account. A debit card is linked to a checking account and uses the available balance in that account.

Can I use a prepaid card to build credit?

Prepaid cards generally do not build credit because purchases are not typically reported to the major credit bureaus.

What are the fees on a typical prepaid card?

Fees can include monthly maintenance charges, reload fees, and ATM withdrawal fees. The exact cost depends on the provider.

Can I get a debit card without a Social Security Number?

Some services allow account opening using alternative identification such as a passport or national IDs, depending on verification requirements.

What do I need to open a debit card account as an immigrant?

Requirements typically include a valid form of identification, personal information, and verification steps required by the financial provider.

Común is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank, Member FDIC. The Común 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.

No minimum balance requirements or monthly maintenance fees. ATM or transfer fees may apply. See app for fee details.

Direct deposit funds are typically available when we receive the payment file, up to two days before the scheduled payment date. This early availability is not guaranteed.

Funds in your account are FDIC insured up to applicable limits by ownership category through Community Federal Savings Bank (CFSB), Member FDIC, in the event CFSB fails.

The Global Impact of Mobile Money Transfer Apps

Money transfer apps have significantly altered the global remittance landscape, offering an accessible and efficient way for people to send money across borders. These apps have democratized financial services, especially in regions where traditional banking infrastructure is weak. By leveraging mobile technology, remittance services have become more inclusive, reaching remote and underserved communities.

Key Benefits

Accessibility: Money transfer apps are accessible to anyone with a smartphone and an internet connection, with no need for a physical bank.

Cost Efficiency: These apps often offer lower transaction fees compared to traditional remittance services, making it more affordable to send money internationally.

Speed: Transfers process almost instantly, reducing wait times for recipients.

Security: Advanced encryption methods and secure access provide robust protection against fraud and theft.

Impact of Mobile Money Apps on International Remittances

Mobile money apps have had a profound impact on international remittance flows. By simplifying the transfer process, these apps have increased the volume of remittances sent globally.

Accessibility and Financial Inclusion

One of mobile money apps' most significant contributions to international remittances is their role in promoting financial inclusion. Many remittance recipients in developing countries don't have access to traditional banking services. However, with the widespread adoption of mobile phones, even in remote areas, these people can now receive money directly into their mobile wallets. This not only eliminates the need for physical bank branches, but also provides a safe and convenient way for recipients to access their funds.

Reducing Transaction Costs

Another key impact of money apps on remittances is reducing transaction costs. Traditional remittance methods often involve high fees charged by banks and money transfer operators. These fees can eat into the funds sent, particularly for smaller amounts. Mobile money apps, on the other hand, generally offer lower fees, making it more affordable for migrants to send money to their families. By lowering the cost of remittances, these apps let migrants send larger amounts of money, increasing the total volume of remittances reaching recipient countries.

Speed and Convenience

Mobile money apps also offer unmatched speed and convenience compared to traditional remittance methods. Transactions can be initiated and completed in minutes, letting recipients access funds almost instantly. This is particularly beneficial in emergency situations, where quick access to funds can make a significant difference in a recipient's quality of life. Plus, the convenience of mobile money apps means migrants can send money anytime, from anywhere, without having to visit a physical location or work around bank or money transfer agent hours.

Empowering Recipients

Beyond the immediate financial benefits, mobile money apps empower recipients by giving them greater control over their finances. With funds deposited directly into their mobile wallets, recipients have the flexibility to use the money however they see fit, whether for daily expenses, savings, or investments. This financial autonomy can contribute to long-term economic stability and resilience, since recipients are better equipped to weather financial shocks and pursue opportunities for personal and economic growth.

More Stable Than Capital Flows

Remittances have proven to be more stable than other forms of financial inflows, like foreign direct investment (FDI) or portfolio investments.

Reasons for Stability

• Personal Nature: Remittances are usually sent for personal reasons, like supporting family members, making them less susceptible to economic fluctuations.
• Resilience: During economic downturns or crises, migrants often increase remittances to support their families, providing a steady flow of funds.

High Transaction Costs

Despite the advantages, high transaction costs remain a challenge in the remittance industry. Traditional services can charge fees ranging from 7% to 10% of the total amount sent, which is a significant burden for lower-income workers.

Efforts to Reduce Costs

• Regulatory Changes: Governments and international organizations are working to implement policies that reduce transaction fees.
• Technological Innovation: Advances in fintech, including blockchain and cryptocurrency, are helping reduce costs by cutting out intermediaries.

In short, the impact of mobile money apps on international remittances is multifaceted, spanning greater accessibility, lower transaction costs, increased speed and convenience, and recipient empowerment. As these apps continue to evolve and innovate, their role in facilitating cross-border transactions and promoting financial inclusion will likely become even more pronounced, further transforming the global remittance landscape for the better.

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What to Consider When Sending Remittances

Sending remittances through mobile money apps offers convenience and efficiency, but it's essential to consider several factors to ensure a smooth, cost-effective transaction.

1. Fees: Compare the fees charged by different money transfer apps to find the most affordable option. While some apps may offer low upfront fees, they may make up for it with less favorable exchange rates.
2. Exchange Rates: Exchange rates can vary significantly between different money transfer apps and fluctuate throughout the day. Look for apps that offer competitive exchange rates to maximize the amount the recipient receives.
3. Transfer Speed: Consider how quickly you need the money to reach the recipient. While many mobile money apps offer near-instant transfers in minutes, others may take longer, especially for transfers to remote areas or during periods of high transaction demand.
4. Security Features: Make sure the money transfer app you choose has robust security measures to protect your funds and personal information. Look for features like two-factor authentication, encryption protocols, and fraud detection systems.
5. Accessibility: Consider the app's accessibility for both sender and recipient. Choose an app that's easy to use and available in the languages spoken by both parties. Verify that the recipient can easily access the transferred funds, whether through a mobile wallet, bank account, or cash pickup location.
6. Customer Support: Evaluate the customer support options provided by the money transfer app. Look for apps that offer responsive customer service channels, like phone support, live chat, or email.
7. Reviews and Reputation: Research the money transfer app's reputation by reading reviews from other users and independent review platforms. Pay attention to feedback on reliability, transaction speed, customer service, and overall user experience. Choose a reputable app with a track record of safe, efficient money transfers to minimize the risk of issues.
8. Regulatory Compliance: Make sure the money transfer app complies with relevant regulations and legal requirements in both the sender's and recipient's countries. Verify that the app follows anti-money laundering (AML) and know-your-customer (KYC) procedures to prevent illicit financial activity.

Sending the Money

Sending money through mobile apps is a straightforward process, but understanding the steps can help ensure a successful transaction.

Steps to Send Money

• Choose an App: Select a reliable money transfer app based on your needs.
• Set Up an Account: Sign up and verify your account with the necessary ID documents.
• Enter Transfer Details: Enter the recipient's information and the amount to send.
• Review and Confirm: Verify the details and confirm the transaction.
• Notification: Both sender and recipient typically receive notifications once the transfer is complete.

By carefully considering these factors when sending remittances through mobile money apps, you can ensure a smooth, cost-effective transfer experience while providing vital support to your loved ones across borders.

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In the mobile remittance landscape, Común stands out as an emerging player, particularly serving the needs of the immigrant community in the United States¹. Recognizing the challenges immigrants face in accessing reliable financial services and building wealth in the U.S., Común has positioned itself as a solutions-oriented platform aimed at lowering barriers to entry and accelerating integration with the digital economy.

Let's Start With the Problem:

Living in the United States as a foreigner presents numerous challenges, made worse by a financial system that often overlooks immigrant communities' needs. Reliable financial services are essential for building wealth, yet millions of immigrants find themselves excluded from mainstream banking and financial opportunities.

Barriers to Entry:

• Documents: Immigrants are often less likely to have Social Security numbers (SSNs), a common requirement for accessing financial services.
• Language: Many financial institutions lack Spanish-language services, creating a communication barrier for Spanish-speaking immigrant customers.
• Cost: Financial services aimed at immigrants often come with exploitative pricing, further widening the economic gap.

Addressing the Structural Opportunity Gap:

Común recognizes the structural opportunity gap facing the immigrant community and aims to address it through innovative solutions tailored to their needs.

Común's Solution:

• Your Documents: Común is one of the only platforms that lets users apply with more than 100 Latin American IDs, removing the barrier posed by not having an SSN.
• Your Language: Común provides 100% bilingual customer service, with native Spanish speakers available 24/7 via chat, email, or phone, ensuring effective communication and support.
• Your Neighborhood: Común offers a network of thousands of locations for cash deposits and withdrawals, making financial transactions convenient and accessible for users.

Facts About Global Migration

Understanding the dynamics of global migration is essential to grasping the complexities of remittances and their impact on world economies. Here are key facts that shed light on the intricate relationship between migration and remittances:

• Global Migration Trends: Migration patterns have shifted over the past decade, with significant movements of people across regions and continents driven by factors like economic opportunity, conflict, and climate change.
• Top Remittance-Receiving Countries: Some countries receive the largest remittance inflows, often coinciding with regions facing economic challenges or political instability. Countries like India, China, and Mexico are among the top global remittance recipients.
• Top Remittance-Sending Countries: On the other hand, there are countries where most remittances originate, reflecting diaspora efforts to support family members and contribute to development in their countries of origin. The United States, Saudi Arabia, and the United Arab Emirates are prominent remittance-sending countries.
• Economic Impact of Remittances: Remittances play a crucial role in recipient countries' economies, contributing to GDP growth, poverty reduction, and increased household income. In many developing countries, remittances make up a significant share of national income.
• Cost of Sending Remittances: Despite their economic importance, sending remittances can be costly for migrants, with fees charged by money transfer operators and banks often eating into the funds sent. Efforts to reduce remittance costs are underway, aimed at maximizing benefits for senders and recipients.
• Remittance Growth Over Time: Global remittance volumes have been steadily increasing over the years, reflecting the growing number of migrants and the expansion of remittance corridors. This growth underscores the importance of remittances as a lifeline for millions of families worldwide.
• Migrant Contributions to Host Economies: Migrants don't just send money back to their home countries — they also contribute to their host countries' economies through labor participation, entrepreneurship, and consumer spending. Their contributions enrich cultural diversity and drive innovation and economic growth.
• Impact of Technology on Remittances: Technological advances, including the rise of mobile money apps and blockchain technology, have revolutionized the remittance industry, making transfers faster, cheaper, and more accessible. These innovations have empowered both migrants and recipients, letting them bypass traditional banking systems and intermediaries.
• Future Projections: Projections indicate continued growth in global migration and remittance flows, driven by demographic shifts, economic disparities, and geopolitical developments. Understanding these trends is essential for policymakers, financial institutions, and stakeholders to shape policies and initiatives that harness the positive impact of remittances while addressing challenges and barriers to access.

By recognizing the importance of migration and remittances, we can work toward building inclusive, sustainable financial systems that benefit individuals, families, and communities around the world.

Conclusion

In conclusion, money transfer apps have revolutionized global remittances, offering convenience, affordability, and accessibility. They close the gap between senders and recipients, empowering migrants and supporting families worldwide. As technology advances and regulations evolve, these apps will continue to shape the remittance landscape, fostering financial inclusion and economic growth. By embracing innovation and collaboration, we can harness the transformative power of mobile money apps to create a more equitable, prosperous global economy.

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If you need to send money to your home country from the United States, it is important to consider how long an international money transfer takes. In general, the processing time for this type of operation is usually 1 to 5 business days.

However, this depends on several factors, such as the payment system, the banks involved, the currency conversion, and the holidays in between.

That is why it is important to know the different types of international money transfers available, the advantages and disadvantages of each one, and, of course, how long they take to deliver the money to its destination.

Below, we offer you a guide to answer those questions so you can send money home as quickly and safely as possible.

What is an international money transfer and how long does it usually take?

First of all, an international transfer is the sending of money to a bank entity located outside the country of the originating account. Unlike domestic transfers, international transfers involve additional banking systems, such as the SWIFT networks, which can increase costs and processing times in many cases.

There are several factors that influence the total time an international money transfer takes, but in general, it takes 1 to 5 business days.

For example, one relevant aspect that influences this is the system used, whether SWIFT or SEPA, which have different conditions and characteristics.

SWIFT Transfers

The SWIFT system is the largest network: it connects thousands of traditional banks worldwide to send money from one country to another through secure mechanisms.

Characteristics of the SWIFT system

• In general, it takes 3 to 5 days to complete money transfers.

• The involvement of intermediary banks is common, which can generate additional fees.

• It is useful for sending money in different currencies, although it implies disadvantages in time and costs.

• To use this system, check the SWIFT code of the receiving bank.

SEPA Transfer

On the other hand, the SEPA system is focused on international money transfers within the European Union.

Characteristics of the SEPA system

• International money transfers are usually completed in 1 business day.

• Fees are more affordable compared to the SWIFT system.

• This system works exclusively in the SEPA area, and for transactions in euros.

As you can see, both the SWIFT and SEPA systems are useful for making international money transfers safely. Although for those living in the United States, the latter is not recommended due to its geographic limitations.

Here is a comparison table:

Factors that influence the time of an international money transfer

The time an international money transfer takes is not fixed. It varies according to the type of transfer and other elements involved in the operation.

Here is what you need to know to estimate how long it will take for your money to reach your loved ones.

Payment system

So far, we have presented the SWIFT system, which takes 3 to 5 business days, and SEPA, which is generally reflected the next business day.

In addition, there are ACH (Automated Clearing House) transfers, which are a more common system in the U.S., characterized by being a more economical option, although the process usually takes 2 to 3 business days.

Intermediary banks

There are cases in which the financial institutions participating in an international money transfer do not have a direct relationship with each other, so they need to involve intermediary banks. This, in addition to increasing costs, lengthens transfer times, because it makes the operation take longer than usual.

Cut-off times and business days

Another essential aspect is the cut-off time banks have for executing transactions. If you send money after this time, the operation is processed the next business day.

Also, do not forget to take into account the holidays of both the sending country and the receiving country, which also extend the waiting time.

Currency conversion and destination country

When sending money from the United States to your home country in Latin America, the bank will need to make the corresponding currency exchange and apply an exchange rate. This also usually adds time to the international money transfer process.

Security verifications and compliance controls

Banks often carry out security checks to prevent money laundering and fraud, especially when large amounts are involved.

What information do you need to make an international money transfer?

You are almost ready to start sending money abroad. But first, it is very important that you make sure you have the necessary information to process this type of transfer. Otherwise, the transfer could be rejected or take longer than usual.

Sender’s information

You will need to provide your basic personal information: full name, bank account, official address, and phone number.

Beneficiary’s information

It is also essential to provide the details of the person who will receive the money: full name, recipient’s account number, address, and country of origin.

Bank codes

• IBAN: for transfers within the European Union.

• SWIFT/BIC code: for transfers in most of the world, including the United States.

Amount and currency

Indicate the amount of the transfer and the currency in which it will be received.

Purpose or payment reference

Finally, indicate the purpose of the transfer. It may be: maintenance payment, family support, family savings, etc.

How can you speed up an international money transfer?

We know that sending money to your family and loved ones is very important, which is why it is vital that you avoid mistakes and bad practices that could delay your transfers even more.

• Verify that the beneficiary’s details are complete and correct: check that your recipient’s details are written as they appear on their official identification.

• Make the transfer before the bank’s cut-off time: remember that doing it after this time causes the transfer to be processed the next business day.

• Avoid sending money on weekends or holidays: try to send money on business days to avoid delays.

• Consider using specialized remittance services with faster processes: there are alternative services that offer better conditions than traditional banks.

Make your international money transfers quickly and safely with Común

This time, we learned that international transfers are money transfers made from one country to another, and there are several factors involved in the time they take to be completed.

Are you looking for a way to send money home without complications?

Discover Común, the digital platform that connects you with your family through a service that understands your needs.

Make your first international money transfer, forget about hidden fees, and get transparent rate so your loved ones receive more for less.

Frequently Asked Questions (FAQ)

If you still have questions, check our FAQ.

What is the average time of an international money transfer?

Approximately 1 to 5 business days.

Why do some transfers take longer than usual?

It depends on the system used, the involvement of intermediaries, the currency exchange, and other factors. That is why you should make sure to check the estimated time before sending your money, to see if it fits your timing and needs.

Can I send money on weekends?

Yes, but it will be processed the next business day in most cases.

With Común you can cash a check without going to a bank: take a photo of it in the app and the money is deposited into your account at no cost. You can also use the network of over 88,000 cash-deposit locations if you prefer to cash it in person.

How do I cash a check with the Común app?

Open the app, go to the check deposit section, take a photo of the front and back (make sure it's signed in the endorsement area), and confirm the amount. Mobile check deposit is at no cost.

How long does it take for the check funds to show up?

Timing varies depending on the amount and your account history; the app shows you an estimate before you confirm the deposit.

What are my options if I don't want to use mobile deposit?

Común has a network of over 88,000 cash-deposit locations, and you can withdraw at AllPoint+ ATMs at no cost (3 free withdrawals a month, then $2.50 per withdrawal).

Frequently asked questions

Does cashing a check through the Común app cost anything?

No, mobile check deposit through the app is at no cost.

What do I need to deposit a check through the app?

Just your phone with the Común app, the physical check signed in the endorsement area, and good lighting for the photo.

Can I cash any type of check with Común?

The app guides you through the process; make sure the check is current, properly signed, and has complete information before photographing it.

What happens if my check deposit is rejected?

The app will notify you if there's an issue with the deposit; check that the check's details are legible and complete.

Can I withdraw the cash from a deposited check at an ATM?

Yes, once the deposit shows in your account, you can withdraw at any AllPoint+ ATM at no cost (up to 3 times a month).

Does Común charge for each check I deposit?

No, mobile check deposit has no fee.

Person-to-person (P2P) transfer apps let you send and receive money between individuals using just an email or phone number. With Común you can link an external debit card from another U.S. bank to send and receive payments right away.

What are P2P transfer apps?

They're apps that let you send and receive money directly between people, usually by linking a bank account or debit card.

How do I send or receive money from another person with Común?

You can link an external debit card from another U.S. bank (up to 2 cards in your first 60 days) to send and receive payments, even if you don't have funds in your Común balance.

What should I consider when using a P2P app?

Transfer speed, per-transaction limits, and which payment methods it accepts (debit card, credit card, or bank account) vary by app.

Frequently asked questions

Can I send money to someone without having a balance in my Común account?

Yes, if you have a linked external debit card, you can send money even without funds in your Común balance.

What cards can I link to my Común account?

Valid debit cards issued in the U.S., in your name, that allow sending and receiving funds. Credit and prepaid cards aren't accepted.

How many external cards can I add?

Up to 2 debit cards during your first 60 days with the account.

How does Común verify the external card is mine?

By sending a micro-deposit (less than $1.00) to the linked account, which you confirm in the app.

Why was my external card rejected?

Common reasons include the name not matching your account, the card being a credit card, or it not being issued in the U.S.

Is it safe to link an external card to my Común account?

Yes, Común never asks for your bank password or sensitive information during verification.

Practical Guide + Template to Create Your Resume in the United States

Getting a stable and well-paid job is the main goal of thousands of immigrants who come to the United States in search of a better quality of life.

For this reason, it’s essential to have an optimized resume (“CV”) that summarizes personal information, work experience, academic background, and all relevant details for recruiters and hiring managers.

You’ve probably faced the challenge of writing and refining a CV to apply for a job in your home country.

However, knowing the standards in Latin America is not enough, as U.S. resumes have key differences, such as length and focus on measurable results.

Mastering a new resume format can be challenging, and the process can be frustrating if you don’t hear back after sending multiple applications.

This doesn’t necessarily mean you lack the required skills — your resume might simply need some adjustments to get noticed by U.S. recruiters.

In this article, we aim to make the process easier for immigrant job seekers through a complete guide and sample resumes that will help you create your own by the end of the reading.

Differences Between a U.S. Resume and a Latin American CV

Even if you know how to write a resume in Latin America, it’s essential to understand the key differences compared to the U.S. standard.

Here are the main differences between a professional CV in Latin America and a U.S. resume.

• Length

In Latin America, it’s common to see two-page CVs, while the American resume is usually limited to one page.

• Focus on Quantifiable Achievements

U.S. recruiters look for quantifiable data and measurable results, while in Latin America it’s more common to include task descriptions and responsibilities.

• No Photo, Age, or Marital Status

To prevent discrimination, U.S. resumes do not typically include a photo, age, or nationality.

• Use of Keywords to Pass ATS Filters

The use of ATS (Applicant Tracking Systems) to detect keywords is widespread among U.S. companies.

• Format

While Latin American CVs often use colorful or elaborate designs, U.S. recruiters prefer minimalist formats to make information easier to read.

Understanding these differences is crucial for immigrants, as it increases the chances of being considered by both recruiters and automated systems.

7 Steps to Create a Resume in the United States

Here’s a step-by-step guide to writing a strong U.S. resume that passes ATS filters and captures recruiters’ attention.

Step 1. Choose the Right Format

Avoid flashy designs, as they can make reading difficult and hurt your ATS score. Choose a clean, organized, and easy-to-scan format.

Step 2. Fill in Your Contact Information

Include your full name, U.S. phone number, professional email address, and LinkedIn profile link.

Remember that you do not need to include a photo, date of birth, or marital status.

Step 3. Write Your Professional Summary

Your profile should be concise and include relevant keywords. This section should be a short paragraph summarizing your work history, interests, achievements, and career goals.

Step 4. Clearly Present Your Work Experience

It’s essential to list your work experience clearly and in chronological order.

• Use bullet points to list your most recent positions, including company name, job title, start and end dates.

• Highlight measurable achievements in each position.

To write your professional achievements, use the XYZ formula, structured as follows:

• X: what you did 
• Y: how you did it 
• Z: the result achieved.

For example: 

“Improved the brand’s visual identity through an e-commerce rebranding project, reducing cart abandonment by 50%.”

Step 5. Your Education

List your academic background, including institution name, degree, and attendance dates.

Step 6. Highlight Your Skills

The skills section is key to making your resume stand out.

It’s recommended to separate this section into soft skills and technical skills.

• Soft skills: communication, teamwork, time management, attention to detail.
• Technical skills: design and editing software.

Step 7. Optional Sections

Depending on the vacancy and your profile, you can include additional sections, such as languages, certifications, or volunteer experience.

This information can set you apart from other candidates, as it gives you additional skills that could be relevant to the position.

Example of a U.S. Resume

Here’s an example of how an optimized resume should look, according to U.S. company standards.

On this page, you can download CV templates in English to customize yours according to your experience.

The last step is to adapt this example to your own professional profile and career path, which may differ depending on whether you are a recent graduate or already have experience.

• Recent graduate: if you have no experience, focus on your academic background, highlighting valuable projects, professional internships, volunteer work, and personal projects.
• Professional with experience: adapt the example to your own work history and use the XYZ formula to highlight your professional achievements.

Common Mistakes to Avoid When Writing a Resume in the U.S.

Here are some things to avoid when writing your resume.

• Using the same resume for every job: try to tailor your resume to the job you are applying for.

• Including a photo or unnecessary personal details: remember that in the United States, this data is irrelevant.

• Poorly translating key terms: if you have doubts about how to translate a term from Spanish to English, consult a translator or compare different sources on the internet.

• Making it too long: your resume should not exceed one page; otherwise, it may be discarded even if you have the necessary skills.

• Using a graphic-heavy design that doesn’t pass ATS filters: you may think that recruiters like resume templates with eye-catching designs, but the truth is that they are unlikely to pass ATS filters.

Común, Your Ally for Financial Stability in the United States

Having a strong resume is key to successfully entering the U.S. job market.

Just as a resume opens the door to great job opportunities, Común opens the door to financial stability for immigrants.

Discover Común, the option designed to serve the needs of immigrant communities in the U.S., with service available in Spanish.

Discover All the Benefits of Común!

• Open a checking account with a qualifying official identification from your home country.

• Mobile app available in Spanish and English.

• Easily receive payments from employers, cash checks, and send international money transfers to Latin America.

Discover Común, the option dedicated to meeting the needs of immigrant communities in the United States with services available in Spanish.

Frequently Asked Questions (FAQ)

If you still have questions, check out the next section.

Is It Necessary to Include References in the Resume?

It’s not necessary to include references in your resume, as companies usually request them later in the hiring process.

What Are the 3 Most Important Details in a Resume?

The 3 most important details are: contact information, professional experience, and skills.

What Language Should My Resume Be In When Applying in the U.S.?

The resume format used in the U.S. is becoming common in other countries, so the language should match the job posting.

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If you’re looking for a feasible way to live and work in the United States, you should know the details of the EB-3 visa, a permit that offers skilled workers, professionals, and other unskilled workers the possibility of accessing various job opportunities in the country.

This visa is the most common route to live and work legally in the U.S. because, unlike the EB-2, it covers a broader range of profiles. It also facilitates obtaining permanent residence.

The application process is often somewhat confusing and slow. Therefore, here we explain what the EB-3 visa is, its requirements, the employer’s role, benefits, processing time, costs, and the step-by-step process to apply.

What is the EB-3 visa and who qualifies?

The EB-3 is a visa category for obtaining a Green Card through authorization granted to foreign workers who have a job offer issued by a U.S. employer.

In turn, this visa is divided into three main categories:

• Skilled workers: individuals with at least 2 years of job experience in a given field.

• Professionals: individuals with a university degree equivalent to a U.S. bachelor’s degree, whose positions require academic training.

• Other (unskilled) workers: roles requiring less than 2 years of experience—generally positions requiring steady labor.

For any of these subcategories, the employer plays a central role by filing the labor certification (PERM) with the Department of Labor to show that no U.S. workers are available to fill the job.

Main EB-3 visa requirements

The EB-3 visa has specific requirements depending on the subcategory. Below is a comparative table.

Regardless of subcategory, a permanent job offer in the United States is always required. The employer must also complete DOL-approved labor certification showing the need to hire a foreign worker for the position.

Next, Form I-140 (Immigrant Petition for Alien Worker) is filed, in which the employer asks USCIS to classify the worker under an EB-3 category.

For example, if a medical practice needs a physician, it files Form I-140 to substantiate the candidate’s experience.

Benefits of meeting EB-3 visa requirements

Obtaining an EB-3 work visa brings several advantages not only for the applicant but also for their family, for example:

• Job stability in the U.S.

An EB-3 visa allows you to secure lawful employment with a U.S. company, helping you achieve financial stability and a better quality of life for your family.

• Pathway to lawful permanent residence.

The EB-3 is also a route for your immediate family to obtain a family-based Green Card, allowing you and your family to live legally in the United States.

• Opportunities for professional and personal growth.

Building a life in the United States brings benefits such as access to higher wages, a broader job market, education for your children, Social Security, and more. This enables long-term financial planning to acquire property and services needed for your family’s well-being.

How to apply for the EB-3 visa step by step

Step 1. Determine eligibility

First determine which of the three categories fits your profile and verify that you meet the requirements based on your education level, work experience, and the type of job you’re applying for.

Step 2. Labor certification (PERM)

The employer must then file the labor certification (PERM) with the Department of Labor (DOL) to show no U.S. workers are available for the position and that the offered wage meets legal standards. This step is essential; without approval the process cannot proceed.

Step 3. File Form I-140

Once PERM is approved, the employer must file the I-140 petition with USCIS to confirm the job relationship and the company’s financial ability to pay the worker’s wage.

Step 4. Adjustment of status or consular processing

After I-140 approval, wait for visa availability in the Visa Bulletin, then proceed accordingly:

• Adjustment of status: if you’re already in the U.S., file Form I-485

• Consular processing: if you’re outside the U.S., file Form DS-260 through the National Visa Center and attend an interview.

Común supports your daily financial life in the U.S.

Here we’ve shown what the EB-3 visa is, the requirements for each subcategory, the benefits, and the application process.

As you start your new life in the U.S., make sure you have an ally who understands you.

Común is a financial platform that helps you manage your everyday needs in the United States. Through the Común mobile app and an intuitive platform, you can create your checking account with a qualifying official identification from your home country. It also makes sending remittances to Latin America, simple and transparent, with clear and competitive fees, up to the applicable limits.

Open your Común account today and start managing your money in the U.S.

Frequently Asked Questions (FAQ)

If you still have questions, see this section.

How long does the EB-3 process take?

The timeline varies with workload, but the full process is estimated at roughly 1 to 3 years.

How much does the EB-3 visa cost in the United States?

• Form I-140: $715

• Form I-485 (adjustment of status): $1,440

• Form DS-260 (consular processing): $325 per applicant

Can I include my family with the EB-3 visa?

You can include your spouse and unmarried children under 21 to apply for residence as derivative beneficiaries and obtain the Green Card at the same time.

Do I need a job offer to apply?

Yes, the EB-3 always requires a job offer, unlike the EB-2 NIW subcategory.

How to Send Packages from the United States to Mexico Without Complications

Being far from family and friends is one of the main challenges faced by immigrants living in the United States. Fortunately, sending mail is a way to maintain the bond with loved ones across borders.

In the United States there are several options for sending packages to Mexico. Below we explain the features of each service so you can choose the one that best fits your budget and needs.

Main Package Delivery Services from the United States to Mexico

There are two shipping options from the United States to Mexico: through USPS or private courier companies.

United States Postal Service (USPS)

These are the main United States Postal Service (USPS) shipping services and their characteristics. Please refer to their website for the most up-to-date information. 

Priority Mail Express

• Delivery prices: starting at approximately $59.50 for standard international services.

• Time: 3–5 business days.

• Main features: offers express international delivery service, full tracking and limited insurance for certain types of packages.

Priority Mail

• Delivery prices: starting at $30.90 for standard international shipments.

• Time: 6–10 business days.

• Main features: offers full tracking and moderate prices. Ideal for medium-sized packages that need to be delivered quickly.

First-Class Mail

• Delivery prices: starting at $14.05 for envelopes.

• Time: varies between 7 and 20 business days depending on customs processing.

• Main features: an economical service ideal for sending documents and envelopes. In many cases tracking is only available until the package leaves the United States.

Private Courier Companies

There are also private courier company alternatives that offer excellent service and additional shipping options. Please refer to each courier’s website for most up-to-date information.

FedEx

• Delivery prices: rates vary by package size, but they offer flat rates for packages up to 15 kilograms and an additional charge for extra weight.

• Time: 3–5 days for express service.

• Main features: international coverage with home delivery and includes customs paperwork.

UPS

• Delivery prices: variable rates depending on package size and weight.

• Time: 2–5 business days.

• Main features: online tools for quoting and tracking packages plus strong presence in the United States.

DHL

• Delivery prices: international shipments starting at $50.

• Time: 2–5 business days with express service.

• Main features: international presence, fast home-delivery service and online rate calculator.

Below is a comparison table to help you view the information more clearly.

Company

Type of Service

Estimated Cost

Average Time

USPS

Priority Mail Express

From $59.50

3–5 business days

USPS

Priority Mail

From $30.90

6–10 business days

USPS

First-Class Mail

From $14.05 for envelopes

7–20 business days

FedEx

International Express Service

Prices vary depending on size and weight

3–5 business days

UPS

International Express Service

Prices vary depending on size and weight

2–5 business days

DHL

International Express Service

Prices vary depending on size and weight

2–5 business days

Factors That Affect the Price and Delivery Time of Your Package

As seen in the previous section, it is impossible to precisely estimate the shipping cost and time for each courier service from the U.S. to Mexico. Several factors influence the final result, explained below.

Package Weight and Size

This is the main factor that affects the final cost of an international shipment — the heavier and bulkier the package, the higher the rate. Also check whether the company has a maximum shipping weight.

ZIP Code and Destination Location

The final destination also matters. Sending a package to Mexico City is usually cheaper than to a rural area.

Type of Service Selected

Express or priority shipping services are faster and therefore more expensive.

Peak Seasons and Holidays

If you ship during Christmas, New Year or high-demand dates, expect possible delays or extra costs.

What Do You Need to Send Packages from the United States to Mexico?

Before going to your preferred shipping carrier’s office, make sure all information is ready to avoid delays and ensure your package reaches your loved ones without issues.

Step 1. Check Customs Restrictions

Make sure your package does not contain restricted items for entry into Mexico, such as perishable food, flammable liquids or counterfeit goods. If unsure, check customs rules.

Step 2. Pack and Label Your Package Properly

Use a proper box or purchase one at the post office. If the contents are fragile, protect them well and place the label correctly when closing the box.

Step 3. Verify the Recipient’s Information and ZIP Code

Double-check as many times as needed that recipient details (name, ZIP code, neighborhood) are accurate. Even small errors can send a package to the wrong place.

Step 4. Keep Your Tracking Number and Shipping Receipt

Finally, keep the tracking number and receipt; they let you track the package and clarify any issues if needed.

Tips to Save Money and Time on Your International Shipments

We understand how important it is for immigrants to send packages to Mexico from the United States. More than a packaged product, it represents birthday gifts, greetings from afar, and fulfilled dreams for the people you love most.

That’s why it’s important to follow these tips when sending a package to Mexico.

• Compare prices before shipping: remember that some services offer a flat rate, but the final cost depends on weight and size.

• Avoid weekends or holidays: in addition to being more expensive, shipping may face delays.

• Take advantage of promotions or loyalty programs: stay attentive to promotions offered by postal companies.

• Group shipments whenever possible: try sending several items in the same shipment instead of one by one.

Send Packages to Mexico and Manage Your Finances with Común

Sending packages to your loved ones in Mexico is a way to show them they’re still important to you. That’s why planning your shipments—and your finances—is essential.

Get to know Común, the digital platform that helps immigrants manage their money in the most accessible way, as you can open an account using a qualifying official identification from your home country.

Just as your packages travel with care, Común supports your financial well-being.

Open your account with Común and stay connected with your loved ones through remittances.

Frequently Asked Questions (FAQ)

If you still have questions, check the following section.

How long does a shipment from the United States to Mexico take?

It depends on the courier company, but in general, an express service takes 3 to 5 business days.

How do I track my package?

When you send your package, you’ll receive a tracking number so you can follow it until it reaches its destination. Some courier options only provide tracking until it leaves the United States.

What is the most economical way to send a package to Mexico?

The USPS First-Class Package International Service is ideal for economical shipments, though the delivery time is usually longer.

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

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

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

10 ways to save money in the USA

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

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

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

1. Plan and budget your expenses

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

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

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

2. Take advantage of deals and coupons

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

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

3. Reduce housing costs

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

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

4. Cook at home instead of eating out

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

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

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

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

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

6. Use public transportation or share rides

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

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

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

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

8. Learn about credit and finances as an immigrant

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

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

9. Buy second-hand to save from the start

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

10. Take advantage of government benefits

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

What earns the most money in the United States?

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

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

Medicine

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

Public Services

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

Information Technology (IT)

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

Finance

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

Law

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

Open your account at Comun easily, quickly, and safely

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

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

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

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

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

Frequently Asked Questions

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

Which account fits your needs in the United States?

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

What is the 50-30-20 rule?

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

How can you make money quickly in the United States?

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

One way to improve personal finances and optimize expenses is to apply modern, automated savings alternatives linked to daily purchases through various payment methods.

Los programas de recompensas con reembolso son una alternativa para que tu dinero rinda más, ya que ofrecen recompensas que te permiten obtener reembolsos en tus compras.

There are different ways to access these types of benefits: through automatic promotions from some credit cards, shopping platforms that reward users for shopping at their partner stores, and certain mobile applications that credit cashback for purchases like fuel.

Knowing and applying these strategies will help you improve your financial management and reduce your worries. Comun is the platform that helps you improve your financial relationship and make your life easier.

Below, we’ll explain how cashback reward works and share some tips to get the most out of it with the right financial platforms.

What is cashback and how does it work?

Cashback can be understood as a discount on your purchases. You earn cashback after buying a qualifying product or at a participating store.

Cashback appears in everyday purchases — for example, when you go to a café and pay with an eligible card, when you shop through an app that offers this benefit, or when you pay for gas with a cashback-enabled card.

Although the ultimate goal of cashback is to reduce part of the cost, it has some differences compared to traditional discounts.

Cashback Reward

Traditional discounts

Definition

Returns a percentage of your purchases after you make them.

Reduces a product’s price before purchase.

Advantages

• Generates passive savings, even with regular prices. Some programs combine other additional benefits.

• Immediate savings. 
• Available to all users, please note some might require registration.

Disadvantages

The cashback reward can take several days or weeks to be credited. Available only with participating cards or mobile apps.

• Availability depends on each store or seller. 
• Most discounts cannot be combined with other promotions.

The cashback reward varies depending on the financial institution or program offering it. To calculate it, use the following formula if cashback reward is by percentage:

Total Cashback Reward = (purchase amount) × (cashback percentage)

For example, if your debit or credit card offers 2% cashback and you spend $100, you get $2 back.

Here are the some of the ways to receive the cashback reward, depending on the program:

• Automatic deposit into the same account used.

• Balance accumulated in points until reaching a minimum withdrawal amount.

• As a credit valid for future purchases.

Benefits of cashback reward for your personal finances

Cashback reward is a very useful tool to make the most of every dollar spent, saving amounts that might seem small at first but make a difference later when buying essentials.

Therefore, cashback reward encourages financial education by promoting consistency and smart shopping habits.

Here are some practical advantages of cashback reward:

• You recover part of your spending: every time you make a purchase, you could earn some money back.

• Better expense control: generally, cashback reward providers offer a mobile app where you can view your expenses by category.

• Take advantage of offers without hurting your budget: cashback rewards you for making your usual purchases without falling into compulsive spending habits.

Remember that consistency is key when using cashback reward to ease future expenses such as gas, groceries, or medicine — and to increase your ability to save and send more money to your loved ones in your home country.

3 practical tips to use cashback reward wisely

Using cashback reward is itself a smart way to handle daily purchases. Keep these tips in mind to make the most of this benefit.

1. Make regular purchases like groceries, transport, or planned services

Use cashback reward only for purchases already included in your budget. This allows you to earn rewards from items you always buy, without falling into poor spending habits.

2. Avoid buying unnecessary things just to get cashback reward

The fact that a product offers a cashback reward, no matter how high, isn’t reason enough to buy it if you don’t really need it.

3. Track the money you get back each month

It’s advisable to track how much cashback you earned each month and ensure it’s credited back correctly, which helps you know exactly how much you’re saving and motivates you to maintain good financial habits.

You can use spreadsheets or cashback reward mobile apps that include financial management tools to help with this.

Move your money easily with Comun

In this article, we explained what cashback reward means, its benefits, how it works, and ways to use it wisely.

The habit of saving is essential, especially for immigrants living in the United States who seek to improve their quality of life and that of their families. While cashback reward helps optimize regular purchases, Comun simplifies financial management through a comprehensive platform.

Comun is the financial platform designed to ease financial management for immigrants in the United States.

Discover all the benefits Comun has for you!

• Send money from the United States to Latin America with clear and competitive fees, up to the applicable limits.

• You can open an account with a qualifying official identification from your home country.

• Access your financial history from an intuitive and friendly mobile app.

• Get a debit card to cover your daily expenses.

Remember that managing the savings you earn through cashback reward will allow you to support your family’s projects and goals.

Turn your cashback reward into more opportunities for you and your family.

Frequently Asked Questions (FAQ)

If you still have questions, check the section below.

Can I use cashback reward for my daily expenses?

Yes, cashback reward is designed to give you a percentage back from everyday purchases such as gas, groceries, and public transportation. However, it’s not recommended to use cashback reward as motivation to make unnecessary purchases.

Do I need a credit card to get cashback ?

Although credit cards are one of the most common ways to earn cashback reward, they are not required — there are other alternatives such as debit cards with cashback or digital accounts, as well as platforms like Rakuten, Ibotta, Upside, or Honey.

What is cashback on credit cards?

Cashback on credit cards is a way to earn a percentage of cashback for your purchases. Some financial institutions also offer bonuses or additional benefits. If you use a credit card, make sure to pay the full balance to avoid interest charges.

What is cashback on debit cards?

It’s a benefit that gives you a percentage of your purchases back directly to your debit card.

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