Living in the United States
CR1 spouse visa: complete guide for Latin Americans marrying a U.S. citizen
Complete guide to the CR1 and IR1 spouse visas for U.S. citizens: differences, step-by-step process, required documents, costs, consular interview, and how to prepare financially for arrival.
8 min read
24 Jul 2026
CR1 spouse visa: complete guide for immigrants marrying a U.S. citizen
Getting married is a major milestone. When one spouse is a U.S. citizen and the other lives abroad, the immigration process can feel overwhelming, especially when you start seeing terms like IR1 visa, CR1 visa, Form I-130, NVC, and consular interview.
Whether your spouse is waiting in Mexico, Colombia, or another country in Latin America, understanding the process can help you reduce stress and prepare for each stage.
This guide explains the IR1 visa and CR1 visa process in plain language, including timelines, costs, required documents, and what to expect during the consular interview.
The guide is for informational purposes only and does not constitute legal advice.
What is the IR1 / CR1 spouse visa?
The IR1 and CR1 visas are both immigrant visas available to spouses of U.S. citizens, allowing them to enter the United States as lawful permanent residents. The key difference between them lies in the length of the marriage at the time of visa issuance. In both cases, permanent resident status begins upon entry into the U.S., and the physical green card is mailed to the holder shortly after arrival.
Who qualifies?
Generally, you may qualify if:
- You are legally married to a U.S. citizen
- The marriage is genuine and not solely for immigration purposes
- The U.S. citizen spouse files Form I-130 with USCIS
- Both spouses meet the documentation and eligibility requirements established by USCIS and the U.S. Department of State
- The U.S. citizen spouse must also generally demonstrate financial ability to support the immigrant spouse (Form I-864, Affidavit of Support), meeting at least 125% of the federal poverty guidelines
- The foreign spouse must not be inadmissible to the U.S. (e.g., due to certain criminal history, prior immigration violations, health grounds, etc.), or must obtain a waiver if applicable
Unlike fiancé visas, the IR1 / CR1 are designed for couples who are already legally married.
For many immigrant families, the process begins while one spouse remains in countries such as Mexico or Colombia and waits for consular processing at locations like Ciudad Juárez, Mexico City, or Bogotá.
IR1 vs CR1: what's the difference?
Although the IR1 and CR1 visas follow the same application process, they lead to different types of green cards. The key distinction is whether the marriage is less than two years old or at least two years old when the green card is issued.
| Feature | CR1 visa | IR1 visa |
|---|---|---|
| Marriage length | Less than 2 years | 2 years or longer |
| Green card type | Conditional permanent residence | Permanent residence |
| Green card validity | 2 years | 10 years |
| Additional filing required | Must later remove conditions | No removal of conditions required |
| Eligibility basis | Married to U.S. citizen | Married to U.S. citizen |
If the marriage is less than two years old when permanent residence is granted, the spouse typically receives conditional residence through a CR1 visa. Couples later file to remove those conditions. If the marriage is at least two years old, the spouse generally receives an IR1 visa and a standard permanent resident card.
IR1/CR1 vs K-3 vs K-1: which one do you need?
Before starting an application, it's important to understand which visa category matches your circumstances. IR1, CR1, K-1, and K-3 visas were created for different stages of a relationship.
IR1 or CR1
These visas are intended for couples who are already married. After approval and entry into the United States, the spouse becomes a permanent resident.
K-1 fiancé visa
The K-1 visa is for couples who are not married yet. The foreign fiancé enters the United States, the couple marries, and then applies for adjustment of status.
K-3 visa
Although the K-3 category still exists in immigration law, it is rarely used in practice today. Most married couples follow the IR1 or CR1 process instead.
For couples who are already married and living apart because of immigration processing, the spouse visa route is typically the path being considered.
Step-by-step application process
From start to finish, the IR1/CR1 process is designed to verify the relationship, review financial sponsorship, and confirm that the immigrant spouse is eligible for permanent residence. While the exact timeline varies, most couples move through the same series of steps before the visa is issued.
Step 1: File Form I-130
The U.S. citizen spouse begins the process by filing Form I-130, Petition for Alien Relative, with USCIS.
The purpose of the petition is to establish that a valid marital relationship exists.
Supporting evidence often includes:
- Marriage certificate
- Photos together
- Joint financial records
- Communication records
- Other evidence showing a bona fide marriage (a legal marriage entered into in good faith)
Step 2: USCIS review
USCIS reviews the petition and supporting documentation. If additional information is needed, USCIS may issue a Request for Evidence (RFE).
Once approved, the case is forwarded to the National Visa Center (NVC).
Step 3: National Visa Center processing
The NVC assigns a case number and requests additional forms, fees, civil documents, and financial sponsorship documentation.
This stage typically includes:
- Form DS-260
- Affidavit of Support (Form I-864)
- Civil documents
- Passport information
- Birth certificates
- Marriage records
Step 4: Medical examination
Before the interview, the immigrant spouse must complete a medical examination with an authorized panel physician. Required vaccinations may also apply.
Step 5: Consular interview
Once the case is complete, the interview is scheduled at the appropriate U.S. embassy or consulate.
For many applicants in Latin America, this may occur in:
- Ciudad Juárez, Mexico
- Mexico City, Mexico
- Bogotá, Colombia
- Guatemala City, Guatemala
- San Salvador, El Salvador
- Santo Domingo, Dominican Republic
Step 6: Enter the United States
If the visa is approved, the spouse can travel to the United States and enter as a permanent resident. The green card is then issued after arrival.
Required documents checklist
Document preparation is one of the most important parts of the IR1/CR1 process. Missing records, incomplete forms, or inconsistencies between documents can delay a case, so it helps to gather key paperwork as early as possible rather than waiting for each stage to begin.
Although every case is different, applicants commonly need:
- Valid passport
- Marriage certificate
- Birth certificate
- Form DS-260
- Form I-864 Affidavit of Support
- Passport-style photos
- Police certificates when required
- Medical examination results
- Evidence of a genuine marriage
- Financial documentation from the U.S. citizen spouse
Original documents and certified translations may be required depending on the country and specific case. Many of the documents required throughout the IR1/CR1 process will be reviewed more than once by different government agencies. Keeping organized copies and checking that names, dates, and personal information are consistent across records can be helpful.
Timeline and costs: what to expect
Time and cost are not determined by a single application fee. The process involves separate stages administered by USCIS, the National Visa Center, and a U.S. embassy or consulate, each with its own processing requirements and associated expenses.
Processing times can vary depending on:
- USCIS workload
- National Visa Center processing
- Consulate availability
- Requests for additional evidence
- Country-specific demand
Unlike some immigration categories, the IR1 and CR1 process does not have a fixed timeline. Some cases move faster than others, while others can take well over a year from filing to visa issuance.
Common costs
While costs are not fixed and every case is unique, the typical expenses you can expect may include:
- Form I-130 filing fee
- DS-260 immigrant visa fee
- Medical examination
- Vaccinations
- Translation services
- Document collection costs
- Travel expenses related to the interview
Government fees can change over time, so applicants should always verify the most updated costs directly through USCIS and the U.S. Department of State.
The consular interview: what to expect
The consular interview is the final major step before a spouse visa can be issued. By this stage, the government has already reviewed the petition, supporting documents, financial sponsorship forms, and medical examination results. The interview gives a consular officer an opportunity to verify the information in the application and address any remaining questions.
While every interview is unique, the officer may ask questions about:
- Your relationship history
- Your wedding
- Daily communication
- Future plans together
- Employment and finances
- Previous immigration history
The goal of the interview is to confirm that the marriage is genuine and that all eligibility requirements are met. If the visa is approved, the consular officer typically keeps the passport temporarily so the immigrant visa can be issued.
After arrival: building your financial life together
Receiving an IR1 visa or CR1 visa is a major milestone, but it is only the beginning of establishing life together in the United States.
Many newly arrived immigrants need to:
- Pay rent and utilities
- Build a financial history
- Send money to relatives in Latin America
- Manage everyday spending
- Receive direct deposit from an employer
A common challenge newly arrived immigrants face is opening a bank account before receiving a Social Security number.
How Común can help during the transition
For couples separated during the immigration process, Común offers remittance services for people in the United States who need to send money to family members in Latin America; they can do it directly from the app. This can be useful during the months of waiting between USCIS approval, NVC processing, and the visa interview.
When the immigrant spouse arrives in the United States, Común offers eligible customers the possibility of opening an account using a passport or more than 100 accepted Latin American IDs. Additionally, Común offers services for everyday payments, direct deposit acceptance available from day one, customer support in Spanish and a virtual debit card from day one of account opening.
Planning your transition to the United States
The IR1 visa and CR1 visa process can feel complicated at first, but understanding and preparing for each stage can make the process feel more manageable.
For many immigrant families, the journey can include months of waiting, collecting documents, attending medical appointments, and preparing for the consular interview. The process requires patience, but it also creates a pathway for spouses to build a life together in the United States.
While you wait, Común can help you send money to your spouse in Latin America from the app. When they arrive, eligible customers can open an account with a passport or more than 100 accepted Latin American IDs so that they can begin managing everyday finances while settling into life in the United States.
FAQ
What is the difference between an IR1 and a CR1 visa?
The main difference is the length of the marriage. A CR1 visa is generally issued when the marriage is less than two years old, while an IR1 visa applies when the marriage has reached at least two years.
How long does it take to get an IR1 or CR1 visa?
Processing times vary considerably depending on USCIS, the National Visa Center, and the consulate handling the case. Timelines should be verified through official government sources.
How much does the IR1 / CR1 visa cost in total?
Costs commonly include government filing fees, visa processing fees, medical exams, vaccinations, translations, and travel expenses. The exact total varies by case and country.
What documents do I need for the spouse visa application?
Applicants commonly need a passport, marriage certificate, birth certificate, financial sponsorship documents, visa application forms, medical examination records, and evidence supporting the marriage.
Can I work in the U.S. with an IR1 or CR1 visa?
Yes, after entering the United States as a permanent resident through an approved IR1 or CR1 visa.
What happens at the consular interview?
A consular officer reviews the application and asks questions about the relationship, eligibility, and supporting documentation. The purpose is to verify the information already submitted.
Do I need a lawyer for the IR1/CR1 application?
Some couples complete the process on their own, while others seek professional guidance. The decision often depends on the complexity of the case, prior immigration history, or other legal considerations.
Can I apply for IR1/CR1 from inside the United States?
The IR1 and CR1 categories are generally associated with consular processing abroad. Individuals already in the United States may have other immigration options depending on their circumstances. Because situations vary, reviewing official USCIS guidance is important.
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. Común is a financial technology company and not a bank or licensed money transmitter. Peer-to-peer payment services are provided by Cross River Bank. Remittance service provided by Service UniTeller, Inc. Remittance fees start at $2.99, but may vary. Común Inc. may earn revenue from the conversion of foreign currencies.
About Común
Común aims to support the Latino community in the United States. It offers a debit account that can be opened with more than 100 valid Latin American IDs and an app available in Spanish.
Visit Común's website or download the app for free to learn more about the full offer and applicable terms.
Olivia Rhye
Community Partner
Financial Education
ITIN vs SSN: what's the difference and why does it matter?
8 min de lectura
ITIN vs SSN: What's the difference and why does it matter?
If you are authorized to work in the United States, you need a Social Security Number (SSN). If you are not eligible for an SSN but still need to file taxes or access certain financial services, you may need an Individual Taxpayer Identification Number (ITIN).
If you recently moved to the United States, you have probably heard the terms 'ITIN' and 'SSN' many times already. They often come up when opening a bank account, filing taxes, applying for work, or trying to build credit.
Understanding the ITIN vs SSN difference matters because each number serves a different purpose in the US financial and tax system.
What is an SSN?
A Social Security Number (SSN) is a nine-digit identification number issued by the Social Security Administration. It is primarily used to track earnings, taxes, and eligibility for certain federal benefits.
SSNs are generally issued to:
- US citizens
- Permanent residents
- Certain noncitizens authorized to work in the US (for example: people with work visas, some asylum applicants or refugees)
An SSN is required for legal employment, payroll reporting, and access to some government programs.
What is an ITIN?
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service, known as the IRS. ITINs are designed for people who are not eligible for an SSN but still have US tax filing obligations or need access to certain financial services.
An ITIN can be used by:
- Immigrants without SSN eligibility
- Dependents or spouses of US residents or visa holders
- International students or temporary visa holders in certain situations
- Individuals required to file US taxes
It is important to note that an ITIN does not authorize someone to work in the United States.
ITIN vs SSN Comparison Table
| Characteristic | ITIN | SSN |
|---|---|---|
| Issued by | IRS (Internal Revenue Service) | SSA (Social Security Administration) |
| Who is it for? | Individuals not eligible for an SSN with US tax obligations | US citizens, permanent residents, and authorized workers |
| Authorizes work | No | Yes |
| Used for paying taxes | Yes | Yes |
| Federal benefits access | No | Yes |
| Open an account (debit/checking) | Some banks and financial institutions accept ITINs (including Común) | Yes |
| Build credit | Possible at institutions that report ITIN activity to credit bureaus | Yes |
| How to apply | IRS Form W-7 with required documentation | SSA Form SS-5 with eligibility documents |
Which one do I need?
You need an SSN if:
- You are a US citizen
- You are a permanent resident
- You are legally authorized to work in the United States
- Your employer requires it for payroll and tax reporting
You may need an ITIN if:
- You are not eligible for an SSN
- You still need to file taxes in the United States
- You want to access and open financial accounts
- You want to begin building a financial history
Many recent immigrants apply first for an ITIN while they are still navigating the US financial system or while they're waiting for changes in their work authorization status.
Can I have both an ITIN and an SSN?
Yes, in some situations a person may have both at different stages of their life. For example, someone may initially receive an ITIN because they are not eligible for an SSN at the time. Later, if they become eligible for work authorization or permanent residency, they may receive an SSN. When this happens, the SSN becomes the primary identification number used for taxes and financial reporting.
What can I do with each?
An SSN can be used to:
- Work legally in the United States
- Receive wages through payroll systems
- File taxes
- Access certain federal benefits if eligible
- Open debit card and checking accounts
- Apply for loans and credit products
- Build credit history
An ITIN can be used to:
- File taxes with the IRS
- Open debit card and checking accounts at institutions that accept ITINs
- Build credit with lenders that report ITIN activity
- Establish financial history in the US
Can you work with an ITIN?
An ITIN itself does not authorize employment in the United States. It is primarily a tax identification number used for IRS reporting purposes.
Does an ITIN build credit?
An ITIN may help some people begin building credit history in the United States. Certain banks, lenders, and financial platforms report account activity linked to ITINs to credit bureaus. Policies vary by institution.
How can I apply for an ITIN?
Applying for an ITIN generally involves submitting:
- A completed IRS Form W-7
- A valid federal tax return (unless you qualify for an exception)
- Proof of identity and foreign status
The IRS may request original documents or certified copies depending on the situation. Processing times may vary.
How can I apply for my ITIN with Común?
If you need or want help with the application process, Común offers ITIN application support for $199 with a money-back guarantee if the application is not approved. Visit comun.app/itin to learn more.
Requirements to apply for an ITIN with Común:
- You must live in the U.S.
- You must have a valid passport with an expiration date more than 6 months from the date of your application
- You will need to file your taxes to apply for an ITIN
The process:
- We recommend you open a debit account with Común from your mobile phone
- Complete the application form at comun.app/itin and submit your payment
- Upload a scan of your passport
- If you choose to file your taxes along with your ITIN application, upload documentation of your income from the previous tax year
- Común's agents will contact you via email if they have any questions
- Print, sign, and submit your completed official ITIN application (Form W-7)
- Común's agents will submit your application to the IRS
The application process does not consider your immigration status, and your status will not be reported to any government immigration authority.
Open your Común Account
A debit account can be a great first step to building your financial future in the United States. Común allows customers to open a debit account using ITIN, passport, country-of-origin ID, or more than 100 accepted Latin American valid IDs. You can open your Común account from your phone. The app is available in Spanish. Visit comun.app to learn more.
FAQ
What is the difference between ITIN and SSN?
An SSN is issued by the Social Security Administration primarily for employment, taxes, and federal benefits eligibility. An ITIN is issued by the IRS for people who are not eligible for an SSN but still need to file taxes or access certain financial services.
Can I have both ITIN and SSN at the same time?
In some situations, yes. A person may first receive an ITIN and later become eligible for an SSN. Once an SSN is assigned, it generally becomes the primary number used for taxes and financial reporting purposes.
Can I work legally in the US with an ITIN?
An ITIN alone does not authorize employment in the United States. It is primarily used for tax identification and reporting purposes through the IRS.
Do I need an SSN to open an account?
Not always. Some financial institutions, including Común, allow customers to open debit accounts using an ITIN, passport, or other forms of identification.
How do I apply for an ITIN?
Applying for an ITIN generally requires completed IRS Form W-7, identity documentation, and a filed federal tax return. The IRS may also request certified supporting documents.
How long does the ITIN application take?
Processing times can vary depending on the time of year and the completeness of the application. In many cases, ITIN applications may take several weeks to process after submission to the IRS.
Financial Education
Digital Banks in the United States: How to Open Your Account Easily and Quickly
8 min de lectura
Digital Banks in the United States: A Clear Guide to Opening Your Account
Having access to affordable financial services with features that let you carry out multiple operations in one place is essential for immigrants living and working in the United States.
Digital banks are a comprehensive solution that combines financial management with mobile technology to streamline processes compared with traditional banks.
These features are especially beneficial for immigrants looking for an alternative to access services that are often less feasible through institutions with physical branches.
In this guide, we explain why you should consider integrating digital banking into your lifestyle, how to open an account, and options for digital banks in the United States.
What Is a Digital Account and How Does It Work?
A digital account is a financial product that operates entirely online through mobile applications and digital platforms (website), removing the need to travel to a physical location to complete banking operations.
Here are some benefits of digital accounts.
- Mobility and 24/7 access from anywhere: they are not limited to teller hours and allow transactions at any time and place.
- Convenience for making payments and international money transfers: they allow sending money within and outside the country quickly.
- Security and transaction control from the app: they include safeguards to prevent misuse of personal data and crimes such as fraud.
How to Open a Digital Account in the United States Step by Step
Opening a digital account is usually simpler than with traditional financial institutions—not only because it can be done from a mobile device, but also due to flexible requirements that allow immigrant communities to access financial services with the same quality standards.
These are the steps to open a digital account in the United States.
Required Documents
Unlike traditional banking services, you can open a digital account with documents you use day to day.
- Official identification from your home country (valid passport, consular ID, driver’s license).
- In some cases, proof of address in the United States.
Account Opening Process
Once you have your documents ready, follow these steps.
Step 1. Register on the digital platform/mobile app.
Go to the digital bank’s website or mobile application of your choice and enter your personal information to register.
Step 2. Identity Verification and Approval.
For security reasons, digital banks require an identity verification process that includes submitting an official ID, a selfie, and, in some cases, facial recognition.
Step 3. Account Activation and Access to the Mobile App.
Once the digital bank verifies your identity, you’ll receive an activation notice. Immediately afterward, you can access all services, set up direct deposits, send money in real time, and manage your finances.
U.S. Financial Platforms Recommended for Immigrants
If you’re wondering which digital platform for immigrants is ideal, there are several effective options, so it’s best to compare them and choose the one that best fits your expectations.
Común
Fees: Affordable fees for international money transfers to Latin America.
Ease of use: Open an account from a mobile device with a qualifying official identification from your home country.
Spanish support available: offers 24/7 customer service also available in Spanish via WhatsApp or the mobile app itself.
Mobile access: you have access to a mobile app for comprehensive financial management.
Zelle compatibility: not integrated.
Ally Bank
Fees: most accounts do not charge monthly maintenance fees. Approximately $20 for domestic wire transfers.
Ease of use: a 100% digital platform offering a mobile application and a website.
Spanish support: limited Spanish-language service.
Mobile access: service compatible with mobile devices.
Zelle compatibility: integrated.
Wells Fargo
Fees: maintenance and overdraft fees vary by account type.
Ease of use: offers mobile banking, online banking, and a digital assistant.
Spanish support: available.
Mobile access: full mobile features.
Zelle compatibility: integrated.
Revolut
Fees: charges a 1–3% fee for adding money via credit or debit card.
Ease of use: offers comprehensive, easy-to-use digital products.
Spanish support: you can change the app language, but there is no Spanish-language support.
Mobile access: fully available.
Zelle compatibility: not integrated.
Mercury
Fees: offers international USD transfers at no additional cost.
Ease of use: focused on corporate and tech companies.
Spanish support: not available.
Mobile access: fully available, but more focused on web dashboards.
Zelle compatibility: not integrated.
Cash App is another efficient financial platform—here we explain its benefits.
The Importance of Using Your Account Safely and Efficiently
Although digital platforms offer security measures to protect your assets, it’s always wise to keep the following recommendations in mind to reduce risks.
- Set up transaction notifications and security alerts: they help you stay on top of your activity and detect any suspicious behavior.
- Use strong passwords and enable two-step verification: this reduces the risk of falling victim to hackers.
- Review activity regularly and learn to identify suspicious alerts: check text messages and transaction notifications, and report any unrecognized charges immediately.
- Take advantage of the mobile app’s functionality for quick and reliable transfers: send and receive money easily within and outside the United States.
Discover Común, the Financial Option for Immigrants
In this article, we presented a practical alternative to traditional institutions so you can decide which digital bank in the United States fits your needs.
Común is not a bank, but a digital platform, it offers a mobile app and a debit card that work together to provide a service ideally for the immigrant community.
You can open an account with qualifying official identification from your home country and a mobile device to access the financial service you deserve.
Open your account with Común and start sending, receiving, and withdrawing money.
Frequently Asked Questions (FAQ)
If you still have questions, see the section below.
Can I open a digital account without a Social Security Number?
Unlike traditional banks, digital accounts often have more flexible requirements, and it may be possible to open one with a qualifying official identification from your home country and, in some cases, proof of address in the United States.
Are digital banks in the U.S. safe?
Yes, digital banks in the United States have security measures such as two-step verification and encryption. It’s advisable to apply all possible security measures, such as using a strong password and enabling notifications.
International Money Transfers
Remittance services: how to send money to Latin America
8 min de lectura
Remittance services: sending money to Latin America
For millions of Latin Americans living in the United States, sending money back home is part of everyday life. For many, their families and friends back home often depend on fast and reliable remittances from the United States. Today, there are many service providers for sending money to Latin America available in the market, each offering different advantages and disadvantages and choosing the right one is key to make the most out of your hard-earned money. A useful approach is to understand how remittance pricing works, what factors affect the total cost, and how to compare the services based on your specific needs.
How to measure the real cost of a remittance?
The real cost of a remittance is determined by different elements:
- The transfer commission.
- The exchange rate being offered at the moment.
- Additional service fees.
- Delivery method.
- Transfer speed.
- Promotional pricing conditions.
In practice, the exchange rate often has the biggest impact on how much money the recipient actually receives. For example, two providers may advertise similar fees while delivering noticeably different final amounts because of the FX spread built into the exchange rate.
What is the FX spread?
The FX spread is the difference between:
- The real market exchange rate (this is also called the mid-market or interbank rate)
- The exchange rate the service provider gives you
This difference is where some remittance service providers generate revenue. The same reason why two services with the same "$0 fee" can have very different final costs.
The most popular remittance services used by Latin Americans in the U.S.
Different services work better for different types of users. Here you can find a general overview of the providers most commonly used by the Latino communities in the United States.
Western Union
Western Union is one of the largest remittance companies in the world, with an extensive cash pickup network across thousands of locations in Latin America.
Strengths:
- Large global network
- Cash pickup availability
- Multiple delivery methods
Limitations:
- Exchange rates may vary significantly
- Fees depend on payment method and destination
Ria Money Transfer
Ria Money Transfer offers payments from the US to more than 165 countries across the world, with delivery options including cash collection and delivery to either a mobile money wallet or bank account.
Strengths:
- Wide coverage
- Competitive options in some corridors
- Cash pickup availability
Limitations:
- Pricing varies depending on country and delivery method
- Exchange rate competitiveness changes daily
MoneyGram
MoneyGram is a service provider of international remittances that enables individuals to send and receive money internationally and domestically.
Strengths:
- Extensive cash pickup network
- Fast transfers in some cases
- Availability in multiple countries
Limitations:
- Fees and FX spreads can vary widely
- Final cost depends heavily on transfer method
Félix Pago
Félix Pago is a WhatsApp-based platform focused on servicing the Latino community in the U.S. to send money throughout Latin America.
Strengths:
- Mobile-first experience
- Speed and convenience
Limitations:
- Coverage and features may vary by destination
- Transfer economics depend on corridor and timing
- Not every user prefers chat-based transfers
Común
Común offers the possibility to open a debit account in the USA and send money home from Común's app or WhatsApp.
Strengths:
- Spanish-first app and customer support
- Convenient with a mobile-focused experience
- Promotional FX rate available on the first transfer
- Accepts more than 100 Latin American IDs to open a debit account
- Transparent fees
Limitations:
- Exchange rates and transfer costs vary daily
- The final recipient amount depends on the destination country, transfer method, and market conditions
Remittance services: a general comparison
Today, the remittance service provider market in the U.S. can be divided into two major categories:
Traditional remittance agencies
Companies that offer physical networks and cash pickup infrastructure. For example: Western Union, Ria Money Transfer or MoneyGram.
Fintech alternatives
These platforms focus on mobile experience, transparent pricing, digital account management, accessibility for immigrants in the U.S. and some offer Spanish-first experiences. Examples: Común and Félix Pago.
Why do comparisons matter?
Exchange rates change every day and promotional offers can also change. This is why it's important to compare what's the best service provider for your current situation. If possible, it is recommended to use a tool to have a better perspective on your remittance costs. For example Común has a live calculator at comun.app/compara designed to help you understand the exact conditions of your transfer.
Beyond the exchange rate
For many immigrants in the United States, choosing the best remittance services is not just based on who offers the best exchange rate. The accessibility to the services can shape the entire experience of sending money. Some people may not have a Social Security Number, a traditional U.S. bank account, or an easy way to verify their identity through conventional financial systems. Language can also play an important role for navigating financial apps especially with customer support and understanding the specific transfer policies. Being able to do financial transactions in a native language can make transactions feel less stressful.
The competitive market landscape in the U.S. makes it possible for Latin American immigrants to compare options for their remittances. Today, you can look beyond the exchange rate and consider factors like Spanish-language support, flexible identification requirements, mobile accessibility and transparency around fees and/or transfer conditions. The best remittance service provider is the one that offers pricing, services and access that fit your needs. Común's app is available in Spanish, accepts more than 100 Latin American IDs and offers transparent fees.
How to choose the right remittance service for your situation?
There is no universal "best" remittance provider. The right option depends on how often you send money, where you are sending it, how your recipient receives the funds, and what kind of financial access you have in the United States. Choosing based on your own priorities is often the best path.
If this is your first transfer
Many remittance services offer promotional pricing or preferred exchange rates for first-time users. These promotions can temporarily improve the amount received by your family, but they do not always reflect the long-term cost of using the platform.
For example, some digital services may offer stronger FX rates on the first transfer, while traditional providers occasionally waive transfer fees for new customers. However, the total value still depends on the exchange rate, transfer speed, and delivery method.
Before sending your first remittance, it is important to consider:
- The final amount your recipient will receive
- If the promotion applies to your destination country
- Delivery times
- Bank deposit vs cash pickup options
To compare exchange rates you can always use a tool, for example, comun.app/compara is designed to help people understand the cost of their transfer.
If you do not have an SSN
Access to financial services can vary significantly for immigrants in the United States, especially for people who do not have a Social Security Number. This can make onboarding slower or more complicated for recent immigrants, ITIN holders, or people primarily using foreign identification documents.
Some remittance service providers have adopted more flexible verification models. Común, for example, accepts more than 100 Latin American IDs. It is recommended to check with every institution their specific verification requirements.
If you send money regularly
People who send remittances every month can benefit more from consistency than from temporary promotions. For frequent senders, it can be useful to review:
- Ongoing exchange rates
- Fee transparency
- Recurring transfer options
- Convenience: for example mobile app or WhatsApp transfers
- Customer service availability
If your family depends on cash pickup
Cash pick-up continues to play a major role across many parts of Latin America, especially in smaller cities or rural communities where bank access may be limited.
Traditional remittance companies like Western Union, Ria Money Transfer, and MoneyGram offer large physical networks that allow recipients to collect money in person at supermarkets, convenience stores, banks, and local partner locations.
Before choosing a provider, it is helpful to verify:
- Whether cash pickup is available in the destination city
- Pickup hours and accessibility
- Transfer speed
- Identification requirements for recipients
- Maximum transfer limits
In some cases, the best service is simply the one your recipient can access easily. Común offers cash pick ups with options in some stores and banks.
If you prefer convenience: mobile-first experiences
Over the past years, mobile-first experiences have become popular given the convenience of being able to send remittances from one's mobile phone.
Digital-first services can offer:
- Faster onboarding
- Mobile transfers
- Real-time notifications
- Simpler account management
Platforms like Común and Félix Pago are examples of services designed around mobile experiences for Latino immigrants. For people who feel more comfortable managing their transfers from their phones, these platforms can feel faster and more convenient.
FAQ
What is the cheapest service to send remittances to Latin America?
There is no single service that is always the cheapest. Costs depend on exchange rates, transfer fees, destination country, payment method, and whether you qualify for a first-transfer promotion. The best way to verify your exact case is to compare providers.
What is the FX spread and why does it matter when sending remittances?
The FX spread is the difference between the real market exchange rate and the exchange rate offered by the remittance provider. A weaker exchange rate can reduce the amount your recipient receives.
How can I verify the real cost before sending a remittance?
The best way is to compare the total recipient amount, exchange rate, fees, and promotional conditions before sending money. Some service providers offer tools that calculate the costs before sending the remittance. Común's live comparison calculator is designed to help users verify this information in real time.
Do all remittance services offer cash pickup options?
No. Some remittance providers specialize in bank deposits or digital wallet transfers, while others maintain extensive cash pickup networks across Latin America. Before sending money, it is important to confirm how your recipient prefers to receive funds and whether pickup locations are accessible in their area.
Why do exchange rates change between remittance providers?
Each provider sets its own exchange rates based on market conditions, operating costs, transfer corridors, and promotional strategies. Because rates can change daily, comparing providers before each transfer can help users better understand the total cost of sending money.
Final thoughts
The remittance industry has changed significantly over the past decade, today sending money to Latin America is no longer limited to one type of service or provider. Immigrants in the United States can choose between traditional cash pickup networks, digital-first platforms, and hybrid financial services depending on what works best for their families.
For many people, the real value comes from the full experience from the convenience of usage, accessibility to the services and knowing exactly how much money will arrive can matter just as much as costs. Común offers transparent pricing, an app available in Spanish and a comparison tool that helps users review transfer costs before sending money.
International Money Transfers
How long does an international money transfer take? Business days, time zones, and type of transfer
8 min de lectura
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:
| SWIFT | SEPA | |
|---|---|---|
| Time | 3 to 5 business days | 1 business day |
| Cost | Expensive, due to the involvement of intermediaries | Affordable |
| Geographic availability | Worldwide | Exclusively in Europe |
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.
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Financial Education
What is a W-2 form? Complete 2026 guide for immigrant workers in the U.S.
8 min de lectura
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?
| W-2 employee | 1099 contractor |
|---|---|
| Employer withholds taxes | Worker usually pays taxes independently |
| May receive benefits | Usually no employer benefits |
| Employer generally has greater control over work duties | Worker has more independence |
| Receives W-2 in January | Receives 1099-NEC if eligible |
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.
International Money Transfers
How to send money to Mexico via WhatsApp? Común vs. WhatsApp Pay
8 min de lectura
How to send money to Mexico via WhatsApp? Común vs. WhatsApp Pay
WhatsApp does not currently offer a service to send money directly from the United States to Mexico.
WhatsApp is one of the most popular ways to stay in touch with family and friends across borders. While the app supports payments in certain countries, its payment features are not available for sending money from the United States to Mexico.
However, for people living in the United States who are looking into sending money to Mexico, there are many different options available. From traditional service providers such as Western Union and MoneyGram to apps with instant international transfers like Wise, Remitly and Común.
Can I send money to Mexico via WhatsApp from the United States?
At this time, WhatsApp does not offer an official service that allows people in the United States to send money directly to recipients in Mexico through WhatsApp Pay. WhatsApp's payment functionality is only available in Brazil and India.
This means that you can still use WhatsApp every day to communicate with family and friends in Mexico, but you cannot transfer money from a U.S. account to a recipient in Mexico using WhatsApp Pay.
Some money transfer companies offer WhatsApp-based experiences that help initiate transfers, but those services are different from WhatsApp Pay itself. The actual transfer is processed through the remittance provider rather than through WhatsApp's native payment system.
What is WhatsApp Pay and how does it work?
WhatsApp Pay is a payment feature integrated into WhatsApp that allows eligible users to send and receive money without leaving the app. The service operates through local payment networks and financial partners in supported countries.
As of 2026, WhatsApp Pay is available in India and Brazil. It is not broadly available as a payment method in the United States, and it is not available as a direct remittance solution for sending money from the United States to Mexico.
Why can't I use WhatsApp to send money to Mexico?
Cross-border money transfers require financial institutions, payment networks, regulatory approvals, identity verification procedures, and international settlement systems. WhatsApp Pay was built around local payment systems in specific countries. Because of this, the service does not currently support direct remittances from U.S. bank accounts to recipients in Mexico.
This limitation often creates confusion because WhatsApp is widely used on both sides of the border. Messaging a family member in Mexico through WhatsApp is easy, but sending money through WhatsApp Pay is a different service with separate availability requirements.
How much does WhatsApp Pay charge for sending money?
There is no standard fee for sending money from the United States to Mexico through WhatsApp Pay because that service is not currently available.
If you're in the United States and need to send money to Mexico, you will need a remittance service provider. To compare the costs related to sending money to Mexico, it can be important to review: transfer fees, exchange rates, delivery methods, transfer speed, and recipient requirements.
What's the best way to send money to Mexico if not via WhatsApp?
There is no single answer because different money transfer methods work better for different situations. Bank transfers can be a familiar option for people who already have a checking account. Traditional remittance providers such as MoneyGram and Western Union offer multiple delivery methods, including bank deposits, cash pickup locations, and mobile wallets in some markets.
Digital remittance platforms have become increasingly popular because they offer the possibility of sending money directly from a smartphone. These services typically display the exchange rate, fees, and delivery method before the transfer is completed.
One option is Común through its remittances services, which allows eligible customers to send money to Mexico and other countries in Latin America directly from the Común app. Transfers start at $2.99, and many transfers are delivered on the same day depending on the destination and delivery method.
How to send money to Mexico with Común? (step by step)
1. Open the Común app on your phone.
Sign in to your account and navigate to the remittance section.
2. From the main page, select "Envía una Remesa".
Select the option on your app.
3. Choose your recipient or add a new one.
Provide the required details for the person receiving the transfer.
4. Enter the transfer amount.
Review the amount you want to send.
5. Review the transfer details.
Confirm the recipient information, delivery method, transfer amount, and estimated delivery timeframe.
6. Confirm the transfer.
Complete the transaction and wait for confirmation. Many transfers are delivered the same day, although delivery times may vary.
WhatsApp Pay vs. Común: a direct comparison
| Feature | WhatsApp Pay | Común |
|---|---|---|
| Send money from the United States to Mexico | No | Yes |
| Cross-border remittances | No | Yes |
| Starting transfer cost | Not available for U.S.-Mexico transfers | Starting at $2.99 |
| Delivery to recipients in Mexico | Not supported | Available |
| Transfer purpose | Domestic payments in supported countries | Money transfers to Mexico and Latin America |
WhatsApp Pay was created for payments within certain supported markets. Común remittance services make it possible to send money from the United States to recipients in Mexico and other countries in Latin America directly from the Común app.
A Común account can be opened with a passport or more than 100 Latin American IDs with no minimums or monthly fees.
FAQ
Can I send money to Mexico using WhatsApp?
No. WhatsApp does not currently provide an official service that allows users in the United States to send money directly to recipients in Mexico through WhatsApp Pay.
How does WhatsApp Pay work?
WhatsApp Pay allows eligible users in supported countries to send and receive money through WhatsApp using local payment networks and financial partners.
How long does it take for the money to arrive if I send it with Común?
Many transfers sent through Común are delivered on the same day. Delivery times may vary depending on the destination, delivery method, and recipient institution.
What do I need to send money to Mexico with Común?
You generally need a Común account, the recipient's information, the transfer amount, and any additional details required for the selected delivery method.
How much does it cost to send money to Mexico with Común?
Común international transfers start at $2.99. The total cost may vary depending on the transfer amount, destination, and exchange rate.
Is it safe to send money through apps from the United States?
Using a regulated money transfer provider can help protect your transaction through identity verification, encryption, fraud monitoring, and transaction tracking features.
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. No minimums, no maintenance fees. Remittance service provided by Service UniTeller, Inc. Remittance fees start at $2.99 but may vary. Común Inc. may earn revenue from the conversion of foreign currencies.
Financial Education
How to Call Colombia from the United States in 2025
8 min de lectura
How to call Colombia from the U.S. in 2025 easily and affordably
The Colombian community has a strong presence in the U.S., with many immigrants arriving each year to visit, live, study, and work.
Staying in touch with family across borders matters. That’s why it’s useful to know the different ways to make international calls from the U.S. While it can seem tricky, it’s easy if you have the right codes.
If you want to call loved ones back home in Colombia, below you’ll find step-by-step dialing instructions from the U.S., examples, and a full area-code table.
Basic steps to call Colombia from the USA
Before calling anyone in Colombia, know the sequence: international prefix + country code + local number.
1. Enter the U.S. exit code – 011
This is the international prefix from a landline. If you’re using a mobile phone, use the “+” sign instead.
2. Dial Colombia’s country code – 57
This identifies Colombia in the international telephone system.
3. Dial the local number in Colombia
For landlines include the city area code. For mobile phones, dial the full 10-digit mobile number.
Examples:
- Call Bogotá (landline): 011 + 57 + 1 #######
- Call Medellín (landline): 011 + 57 + 4 #######
Area codes and dialing examples for Colombian cities
There’s a difference between calling a landline and a mobile in Colombia from the U.S.: landlines need the regional area code; mobiles are dialed using the “+” format on cell phones.
Below you’ll find the area codes for Colombia’s main cities to ensure you dial correctly when contacting your family.
City
Area code
U.S. dialing example
Bogotá
1
011 57 1 #######
Medellín
4
011 57 4 #######
Cali
2
011 57 2 #######
Barranquilla
5
011 57 5 #######
Cartagena
5
011 57 5 #######
Bucaramanga
7
011 57 7 #######
Pereira
6
011 57 6 #######
Cúcuta
7
011 57 7 #######
Santa Marta
5
011 57 5 #######
Manizales
6
011 57 6 #######
Digital alternatives and budget-friendly plans to call Colombia
The phone is a favorite way to bridge distances and stay in touch with loved ones across borders.
Years ago, international rates were expensive, making frequent calls home difficult.
Today, digital options have lowered costs and made cross-border communication much easier.
Below we show some affordable options to help you stay in touch with the people who matter most.
- Internet-voice apps (VoIP):
Mobile apps are hugely popular worldwide. They enable texting, voice notes, and voice/video calls over Wi-Fi or data—significantly cutting costs.
WhatsApp is the most popular, and other solid options include FaceTime, Google Voice, and Skype.
- International calling plans from your U.S. carrier:
If you prefer traditional calling, look for an international plan from your U.S. provider with minutes to Colombia—great for frequent calls.
You can pick plans with minutes to landlines and mobiles or Colombia-specific bundles.
Examples of U.S. carriers include AT&T Prepaid, T-Mobile, Verizon, and Ultra Mobile. Options range from unlimited international add-ons and prepaid plans with international calling to limited-minutes bundles and mixed data/calling packages.
- Prepaid calling cards as a flexible option:
If you’re in the U.S. for only days or weeks, a mobile plan may be overkill. A prepaid calling card can be ideal—no PINs in many cases and you only pay for the minutes you use.
Stay connected with family in Colombia with Común
As you’ve seen, calling Colombia from the U.S. is straightforward—just use the correct codes. You can also choose affordable alternatives like mobile apps or prepaid cards.
Staying in touch shows care and support. It also helps to have accessible services to send money and support their well-being.
Meet Común your direct link to the ones you love!
- International money transfers: the simplest way to send remittances to family with fair, transparent pricing.
- Común’s mobile app in Spanish and English: open an account with 100+ eligible official IDs and get support in your language.
Ready to revolutionize how you connect with your finances?
Open your Común account today and complement your calls with a fintech platform that supports your financial life in the U.S.
Frequently Asked Questions (FAQ)
Still have questions? Check our FAQ section below.
What if I don’t dial 011 or “+”?
If you don’t dial 011 from a landline or “+” on mobile, your call won’t be recognized as international and will fail as a local call.
What’s the cheapest way to call Colombia from the USA?
There are several affordable options—apps like WhatsApp, Skype, or Google Voice; prepaid calling cards; or an unlimited international plan. The best choice depends on your habits and how often you call.
How much does it cost to call Colombia from the USA?
Costs vary by method. For example, AT&T offers unlimited add-ons around $15/month and Verizon offers 300 minutes for about $10/month.
Financial Education
How does cashback reward work? 3 practical tips to make the most of it and improve your finances
8 min de lectura
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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International Money Transfers
How to Send Money to Mexico? Everything You Need to Know
8 min de lectura
For immigrants living in the United States, having accessible financial services that allow them to send money to Mexico and other countries in the region is of utmost importance; this is to financially support family and friends or achieve a better standard of living. Remittances have acquired such importance in the Mexican economy that, according to Reuters data, Mexico is the second-largest recipient of remittances worldwide, only after India, with more than 64.7 billion USD during 2024. It is fundamental for immigrants to know how to send money to Mexico from the United States securely, quickly, and at a low cost.
On this occasion, we will show you the best applications for transferring money to your loved ones, how they work, and all the benefits of each of them so you can choose the option that best suits your needs.
How much money can I send to Mexico?
A very important aspect you should consider is the amount allowed by applications for sending money to Mexico, as well as the restrictions in their terms and conditions.
In general, there is no legal limit imposed by the United States government, but each platform has its own standards and regulations on which they base certain limits and guidelines necessary for international money transfers.
For example, these are some of the best-known providers that offer money transfers to Mexico, with their respective limits:
- Western Union: up to 5,000 USD per transaction via the website
- MoneyGram: up to 10,000 USD per transaction
- Xoom: up to 10,000 USD per transaction
If you are looking for an easy way to send money to Mexico, Comun is an excellent alternative for you. You can enjoy your first money transfer for free, and then for a fee starting at 2.99 USD per transfer up to the applicable limits.
Additionally, your recipient can receive more for less due to highly competitive exchange rates compared to other similar applications.
Compare and choose the most convenient option to send money.
What's the best way to send money from the United States to Mexico?
There are several ways to send money from the United States to Mexico, either through traditional banks or specialized international money transfer services.
These are the simplest ways to do it:
Through bank-to-bank money transfers
One of the most common ways to send money is through bank transfers from one traditional bank to another. The advantage of this method is that it is safe, as it has the backing of official financial institutions. However, they also tend to take longer and generate more fees.
To send funds through this method, it is essential to have a U.S. bank account and use the recipient's SWIFT code. The cost of the money transfer depends on the receiving bank, in this case, located in Mexico.
For example, BBVA charges 30 USD plus VAT per transfer, Santander between 15 and 20 USD plus VAT, and Citi Banamex 20 USD plus VAT, all regardless of the amount sent.
Through cash remittances
Another option, which might be more accessible for users without a bank account, is cash remittances that can be collected at different points in Mexico. To send money in cash, it is necessary to go to a provider that offers this type of service, for example, a Western Union office. Once there, you must pay the amount to be sent, plus the fee assigned to the amount.
For your relatives to collect the funds from this transaction, they must present an official identification at one of the selected branches, which can be Oxxo, Banco Azteca, Walmart, or others. Although it is an excellent alternative for people who base their finances on cash handling, it may have certain disadvantages, such as high fees that depend on the amount sent, as well as a less competitive exchange rate.
Through mobile application
The third option for sending money to Mexico is through a mobile application specialized in international money transfers. There are many alternatives compatible with iOS and Android, and, in general, they are more economical than cash remittances or bank transfers.
To access these types of transfers, it is necessary to create an account on the provider's website or application. Additionally, some require identity verification through personal data such as the SSN (Social Security Number) or ITIN.
Before choosing an application to send money to Mexico, we recommend comparing the best-known options and evaluating which one best suits your needs and those of your family members.
The 6 best mobile applications for sending money to Mexico from the United States
| Name | Cost per transfer | Speed | Transfer limits | Additional features | Coverage |
|---|---|---|---|---|---|
| Venmo | Free or 3% if using credit card | Up to 1 day | Up to $299.99/week (unverified) Up to $60,000/week (verified with SSN or ITIN) |
Works as a social payment network. Online and in-store purchases. | U.S. |
| Zelle | Free (some banks may apply fees) | Minutes | Approx. $500/day (varies by bank) | Integrated into most U.S. banks | U.S. |
| Cash App | Free or up to 1.75% for instant transfers | Up to 2 days | Up to $7,500/week (verified) | Free debit card (Cash Card) | U.S. |
| Comun | Free in the U.S. or starting at $2.99 for international transfers | Instant or within minutes (average 8) | Up to $9,999/month* | Allows account opening with official ID, no SSN/ITIN required | U.S. and Latin America |
| Western Union | Between $3 and $30 (depending on amount, country, and method) | Immediate to several days | Up to $5,000 online | Cash transfers and withdrawals with broad coverage | 200+ countries |
| Remitly | Up to $10 (depending on speed) | Up to 5 days | From $3,000/month (depending on verification) | Home delivery option | 100+ countries |
| Wise | Variable fee (exchange rate and amount) | Up to 2 days | Up to $5,000/month | Multi-currency account | 70+ countries |
| Revolut | Free between Revolut users or ~5% for international transfers | Up to 2 days | Depends on country and currency | Automatic savings and financial analytics | U.S., Europe, LATAM, Asia |
| PayPal | Free local / ~3.95% + fixed fee for international transfers | Up to 1 day | Up to $10,000 per transfer (verified accounts) | Allows linking multiple payment methods and receiving money | 200+ countries |
Comun
Comun is a convenient option for immigrant workers in the United States, as it is specially designed to understand their needs. Comun offers a promotional fee-free first transfer and then a fee starting at 2.99 USD per transfer up to the applicable limits.
Additionally, you can access different payment methods and a very competitive exchange rate, so your family receives more for less at over 100,000 pickup locations.
Your Comun account gives you access to a mobile application and a debit card. Furthermore, your money transfers are applied in a matter of minutes.
Remitly
Remitly is an app that allows international money transfers. It is easy to use and offers various payment methods, such as debit or credit card or bank account. The sending time depends on the type of fee selected, either express, which is instant, or standard, which takes up to 5 business days.
It also offers a competitive exchange rate.
BOSS Revolution
BOSS Revolution is an easy and accessible money sending alternative. It has a limit of 2,999 USD, so it is geared towards small transactions. It accepts bank card and cash as payment methods, and money transfers are completed in minutes.
WorldRemit
WorldRemit is another alternative for easily sending money to Mexico. It offers a wide variety of payment methods, such as bank account transfers, cash pickup, and recharges. It has fees starting from 1.99 USD, but the exchange rate includes a margin of 1% to 2%, which affects the total amount to be received.
Western Union
Western Union is one of the most popular services for international money transfers. It has wide coverage, which facilitates access for people living in rural or remote areas. It allows sending money from banks, application, and website, and the money can be received in cash or in a bank account. The disadvantage is that fees are usually higher than other alternatives, and the exchange rate is less competitive with respect to the market, which affects the total amount to be received.
Félix Pago
Félix Pago is an innovative option that allows low-cost money transfers vía WhatsApp. It is a good option for small money deposits, although it does not offer functionalities such as account opening and a debit card, which could represent an obstacle for users seeking more complete alternatives.
How to send money to Mexico with Comun?
With Comun's international transfers, also known as Remittances, you can send money abroad to your family and friends from your Comun mobile application at a low cost and without leaving your home.
To make a transfer to Mexico, follow these steps:
- Enter your Comun mobile application.
- On the main page, select "Send a Remittance."
- Select the recipient to whom you wish to send the international transfer.
- You can register a recipient with their bank details, such as their full name, bank name, and cell phone number.
- After registering the recipient, enter the amount you wish to send and review the transaction costs.
- Confirm the data and select "confirm international transfer."
- The recipient should receive the international money within minutes.
- If you selected in-store pickup, the person can go to the store to pick up the money 30 minutes after confirming the transaction.
- You can check the status of the international transfer in your Comun mobile app by clicking on the movement.
You can send money to Mexico for a fee starting at $2.99 per transaction, up to the applicable limits.
Send money to Mexico easily and securely with a reliable mobile app
As you can see, sending money to Mexico has never been easier or more accessible. There are several remittance services that offer different competitive advantages, so it is convenient to compare fees, exchange rates, sending limits, among other features. The option indicated for you is a safe and fast alternative that speaks your language.
Comun allows you to open an account with your country's official documentation and send money home. Open your account today, send money to Latin American countries, and discover the most accessible side of finances.
Disclosures (in footer)
“Comun is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank; Member FDIC. The Comun Visa® Debit Card is issued by Community Federal Savings Bank, pursuant to a license from Visa U.S.A Inc. and may be used everywhere Visa Cards are accepted.”
“Funds in your account are FDIC insured up to $250,000 by ownership category through Community Federal Savings Bank (CFSB), Member FDIC, in the event CFSB fails.”
“A service provided by Service UniTeller, Inc. Service UniTeller, Inc. is licensed in all states that require a license.”
“Remittance fees start at $2.99 but may vary. Please check the app for more details.”
“Comun Inc. may earn revenue from the conversion of foreign currencies.”
International Money Transfers
Alternatives for Sending Packages to Mexico from the United States
8 min de lectura
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.
International Money Transfers
What are remittances?
8 min de lectura
Living and working abroad? Remittances might be for you if you want to send money to family members, friends, or other beneficiaries in another country.
Remittance is money transfers from one person to another, usually across borders. They are most commonly sent by immigrants who send a portion of their income to support their families back home. However, remittances can also be personal gifts, financial support, or payments between relatives or friends who maintain social or economic ties despite the distance.
Do you know the difference between a remittance and a bank transfer payment?
Remittances can be money transfers, however what is commonly understood as remittances are voluntary person-to-person transfers, usually between family members. For example: a worker in Texas sending money to their parents in Mexico, a nurse in Florida sending money to her siblings in Honduras, or a student helping their grandparents in Guatemala. Bank transfers on the other hand, can include payments between companies, international trade payments, foreign direct investment, loans between corporations, or government aid.
In summary, remittances are personal, cross-border, person-to-person transfers.
How can you send remittances from the United States to Latin American countries?
Today there are more options than ever to send money to Latin America from the U.S. The process is usually very simple:
#1 Choose a remittance provider
Your remittance service provider can be a financial mobile application, a traditional bank like Wells Fargo, a specialized money transfer service like Western Union or MoneyGram, or a fintech company like Remitly.
#2 Select the destination country and delivery method
Each company offers different delivery options depending on their services and local partnerships. Delivery options vary in cost depending on the provider and the urgency.
#3 Enter the amount and confirm the exchange rate and fee
The amount received by the recipient varies by the exchange rate used by the provider and the service fee they charge. Some companies might charge no fees, but their business model relies on the exchange rate markup.
#4 Pay for the remittance
With so many options available, remittances can be paid with various methods including:
- Bank account (ACH).
- Debit card.
- Credit card (often the most expensive).
- Cash
#5 The recipient receives the money
It can take minutes to days for the recipient to receive the funds, depending on how the funds are received or by the type of remittance provider used to send the remittance.
How much does it cost to send remittances from the United States?
The total cost depends on two main factors:
1. Service fees
This is the fee the provider charges to send the remittance. It can range from $0 to over $20 USD per transaction depending on the provider and payment method used.
- Bank account: typically the cheapest.
- Debit card: mid-range cost.
- Credit card: most expensive (fees + potential interest)
2. Exchange rate costs
Some companies have different exchange rates, making the remittance more expensive even if the service fee is advertised as “$0.” Sometimes the fee for the service provider is included within the added margins in exchange rates.
3. Other possible additional costs
These may include cash pickup fees, limits for high transaction amounts, or fees charged by participating banks. It is important to understand the fees in remittance costs to be able to manage your funds in a way that makes sense to you.
What should you consider before sending money abroad from the United States?
To choose the best option, you can always consider:
- Total costs (fee + exchange rate). Sometimes comparing only the fixed fee is not enough to fully understand the cost of a remittance or transfer.
- Delivery time. If the recipient needs the money the same day, it could be best to choose an quick service.
- Delivery method. Cash pickup can be useful if the recipient doesn’t have a bank account. Other options include bank deposit or digital wallets, which can be practical and low-cost.
- Convenience for the sender. If you send money frequently, it is recommended to evaluate apps that allow saved recipients, automatic payments, recurring transfers, or exchange-rate alerts or options that adjust and serve your needs.
- Limits and requirements. Not all money transfer service providers are the same. Some services require government-issued identification to provide their services, while others require a U.S. bank account and, in some cases, proof of identity (some providers accept foreign passports as proof of identity to send remittances if the sender can prove residency in the United States) for large transfers.
What Companies Offer Remittance Services from the United States?
In the U.S., there are several types of companies offering remittance services:
Traditional money transfer companies, for example: Western Union, MoneyGram, and Ria Money Transfer. These companies have physical branches in many locations. Fees could be higher than alternatives and the exchange rates can be less competitive.
Traditional banks: However, not all banks provide this service, but institutions like Bank of America and Wells Fargo allow international transfers through online banking or in-branch. However, it is important to consider that the fees can reach up to $60 USD depending on the bank, and transfers can take up to 5 business days. For this option, a bank account with the institution is needed or cash transfers are done directly at a branch.
Digital first companies (apps): Examples include Remitly, Wise, WorldRemit, and Xoom (from PayPal). These companies can offer more competitive pricing and faster transfers. These options are presented as an alternative to traditional banks or Western Union. Comun is one of these platforms, combining a fintech experience with extra benefits like a digital account and an easy-to-use app available in Spanish.
Convenience stores: For example, Walmart offers in-person remittance services. For example companies like Comun can also offer services like cash funding in retails or ATM locations. With a Comun open account you can deposit cash at one of over 90,000 retail locations (Walmart, 7-Eleven, Walgreens, and more) and then complete the remittances conveniently from your app.
What do I need to send remittances from the United States to Latin American countries?
Requirements vary by provider and they depend on:
-How the remittance is sent, and
-How the remittance is received.
For example, if sending money for cash pickup, the most important information is the recipient’s full legal name as it appears on their official ID, since they’ll potentially need to present it to pick up the money.
For a bank-to-bank international transfer, the essential information includes the bank details for the receiving account.
Traditional banks and companies like Western Union generally require:
- Recipient’s full name.
- Recipient’s account number.
- SWIFT code.
- Receiving country.
- Amount and currency
How can you send remittances using Comun?
Sending a remittance with Comun is very simple. You have two options at the palm of your hand, you can send it through the app or via WhatsApp. Here’s a detailed step by step on how to do it:
Through the Comun App
- Open your Comun app.
- Select “Transfer.”
- Select “International.”
- Under “How do you want to send your money?”, choose “Through the app.”
- You’ll see the current exchange rate.
- Select an existing recipient or add a new one.
*To add a recipient, you’ll need: full name as on their ID, phone number, and—if sending a bank transfer—their bank details.
- Confirm the recipient’s information.
- Choose the transfer method (bank deposit or cash pickup; options vary by country).
- Enter the sender’s ID type and ID number.
- Confirm transfer details.
- Enter the amount (the calculator shows the amount the recipient will receive in local currency and the transfer fee).
- Confirm the transaction.
And that’s it—your remittance is sent!
Through Comun’s WhatsApp
- Start from our website (by selecting “Send Money”), which will show the WhatsApp option — or.
- From the app, select “Transfer.”
- Select “International.”
- Choose “Via WhatsApp.”
- Follow the conversation flow.
- Choose “Send money.”
- Confirm the country.
- Enter the amount.
- You’ll receive a confirmation message showing the amount to be received in local currency.
- Choose the delivery method.
- Provide the recipient’s details: full name, ID type, ID number, and bank account (if applicable).
- Confirm your remittance.
- Verify your identity through the verification steps.
And you’re done—your remittance is sent!
Best Practices for Sending Remittances
To make sure your get the best out of your hard-earned money, it is recommended to keep some good practices in mind:
1. Verify the exchange-rate margin
Ideally, choose a provider that uses an exchange rate as close as possible to the real market rate as this impacts the actual amount your recipient will receive. Understanding transaction costs can help make better financial decisions for your needs.
2. Look for transparent, fixed fees
Comparing fees can be confusing because many services use variable pricing based on multiple factors. Ideally it is recommended to choose a provider that offers fixed fees and transparent pricing.
3. Consider timing and holidays in both countries
Keep in mind that transfers may be delayed during weekends or holidays in either country, so processing times may be slower than on regular business days.
Conceptos básicos de inversión: Una guía para inmigrantes
8 min de lectura
La importancia de invertir para las familias inmigrantes
Invertir es una herramienta poderosa para generar riqueza y lograr estabilidad financiera, especialmente para las familias inmigrantes que comienzan de nuevo en los Estados Unidos. Comprender los conceptos básicos de inversión puede ayudar a los inmigrantes a navegar por el panorama financiero de EE.UU., asegurar su futuro y alcanzar sus metas financieras. Esta guía proporciona información esencial sobre la inversión, adaptada a las necesidades y desafíos que enfrentan los inversionistas inmigrantes en los EE.UU.
Comprendiendo los conceptos básicos de inversión
¿Qué es invertir?
Invertir implica destinar dinero con la expectativa de generar ingresos o ganancias con el tiempo. Saber cómo invertir es crucial, ya que busca aumentar la riqueza a través de varios instrumentos financieros como acciones, bonos, fondos mutuos y bienes raíces. A diferencia del ahorro, que generalmente implica poner dinero en una cuenta de bajo riesgo para uso futuro, la inversión busca aumentar la riqueza con el tiempo.
¿Por qué invertir?
Invertir es esencial por varias razones:
- Crecimiento de la riqueza: Las inversiones tienen el potencial de hacer crecer tu dinero significativamente con el tiempo.
- Seguridad financiera: Construir un portafolio de inversión puede proporcionar seguridad financiera para ti y tu familia.
- Protección contra la inflación: Las inversiones a menudo superan la inflación, preservando tu poder adquisitivo.
- Lograr metas financieras: Invertir puede ayudarte a alcanzar metas a largo plazo como comprar una casa, financiar la educación o retirarte cómodamente.
Elegir la cuenta de inversión adecuada según las metas individuales y la tolerancia al riesgo también es crucial para alinearse con tus estrategias financieras.
Tipos de inversiones en EE.UU., incluidos los fondos mutuos
EE.UU. ofrece una amplia gama de oportunidades de inversión que pueden ayudar a los inmigrantes a construir un portafolio robusto y equilibrado. Comprender los diferentes tipos de inversiones disponibles es crucial para tomar decisiones informadas que se alineen con tus objetivos financieros y tu tolerancia al riesgo. Aquí hay algunos tipos comunes de inversiones en los EE.UU. y lo que implican:
- Acciones: Las acciones representan la propiedad en una empresa. Cuando compras una acción, te conviertes en accionista y posees una parte de esa empresa. Las acciones pueden ofrecer altos rendimientos, pero conllevan un mayor riesgo debido a la volatilidad del mercado. El mercado de valores es un enfoque clave dentro de las clases de activos principales, a menudo superando a otras clases de activos con un rendimiento anual promedio histórico del 10% antes de la inflación.
- Bonos: Los bonos funcionan como préstamos que proporcionas a un gobierno o corporación. A cambio, recibes pagos de interés regulares, y cuando el bono alcanza su fecha de vencimiento, recuperas el monto original que prestaste. Los bonos generalmente se consideran inversiones de menor riesgo en comparación con las acciones, pero también tienden a ofrecer menores rendimientos.
- Fondos Mutuos: Los fondos mutuos reúnen dinero de diferentes inversionistas para comprar colecciones diversificadas que incluyen acciones, bonos y otros valores. Este enfoque permite a los inversionistas diversificar su riesgo en múltiples activos sin tener que seleccionar acciones o bonos individuales. Los fondos índice, un tipo de fondo mutuo, reflejan el rendimiento de índices del mercado de valores como el S&P 500. Muchos fondos mutuos requieren una inversión mínima más alta en comparación con los ETFs. El concepto de inversión mínima es importante, ya que los fondos mutuos y los ETFs a menudo tienen umbrales variables, con algunas opciones que requieren una gran cantidad inicial.
- Bienes Raíces: La inversión en bienes raíces implica comprar propiedades para ganar ingresos por alquiler o venderlas a un precio más alto en el futuro. Este tipo de inversión puede proporcionar un flujo de ingresos constante y apreciación del valor potencial, aunque requiere un capital inicial significativo y una gestión continua.
- Fondos Cotizados en Bolsa (ETFs): Los fondos cotizados en bolsa (ETFs) son otra opción popular de inversión. Ofrecen una opción de inversión diversificada que se negocia como una acción, lo que los convierte en una elección atractiva para los inversionistas. Los ETFs generalmente tienen comisiones asociadas con la negociación, pero suelen ser más asequibles en comparación con los fondos mutuos.
Comprender estos tipos de inversión y sus respectivos riesgos y rendimientos puede ayudarte a tomar decisiones informadas y construir un portafolio diversificado. Cada tipo de inversión desempeña un papel diferente en la creación de riqueza, y al combinarlos, puedes equilibrar el riesgo y la recompensa para lograr tus objetivos financieros.
Comparando la inversión en EE.UU. con la inversión en el Medio Oriente, Asia o Europa
Invertir en los EE.UU. ofrece oportunidades y desafíos únicos en comparación con invertir en regiones como el Medio Oriente, Asia o Europa. El mercado de EE.UU. es conocido por su tamaño, liquidez y diversidad de opciones de inversión, incluidas una amplia gama de acciones, bonos, fondos mutuos y oportunidades inmobiliarias. El entorno regulatorio en EE.UU. también está bien establecido, proporcionando un nivel de transparencia y protección al inversionista que puede resultar atractivo.
En contraste, invertir en el Medio Oriente puede implicar mercados que a menudo son menos líquidos y más volátiles, con diferentes estándares regulatorios y factores económicos influenciados por los precios del petróleo y cuestiones geopolíticas. Asia, particularmente China e India, ofrece un alto potencial de crecimiento, pero también viene con complejidades regulatorias, riesgos cambiarios y volatilidad del mercado. Europa presenta un mercado maduro con diversas oportunidades de inversión, pero puede estar influenciado por la estabilidad política y económica dentro de la Unión Europea, las tasas de cambio de divisas y las regulaciones regionales.
Comprender estas diferencias regionales es crucial para los inversionistas inmigrantes, ya que ayuda a adaptar las estrategias de inversión a los entornos económicos y regulatorios específicos de cada mercado, optimizando los rendimientos potenciales mientras se gestionan los riesgos de manera efectiva.
Pasos para comenzar a invertir en EE.UU.: Desarrollo de una estrategia de inversión
- Infórmate: Antes de sumergirte en la inversión, tómate el tiempo para educarte sobre los diferentes tipos de inversiones, los riesgos involucrados y cómo funcionan los mercados. Hay muchos recursos en línea como libros y cursos que pueden ayudarte a ampliar tus conocimientos. Comprender las opciones de fondos mutuos puede simplificar el proceso de inversión para principiantes al proporcionar una diversificación fácil en una variedad de activos.
- Evalúa tu situación financiera: Evalúa tu salud financiera examinando tus ingresos, gastos, deudas y ahorros. Asegúrate de tener un fondo de emergencia y niveles de deuda manejables antes de comenzar a invertir. Esto proporcionará una red de seguridad y evitará que necesites retirar tus inversiones prematuramente.
- Establece metas financieras claras: Identifica tus objetivos de inversión. ¿Estás buscando ahorrar para la jubilación, financiar la educación de tu hijo o hacer una compra importante? Tener metas específicas moldeará tu estrategia de inversión y te mantendrá en el camino correcto.
- Decide tu tolerancia al riesgo: Evalúa cuánto riesgo estás dispuesto a asumir, lo que implica considerar tu capacidad y disposición para potencialmente perder parte o la totalidad de tu inversión inicial con la posibilidad de obtener mayores rendimientos. Generalmente, los inversionistas más jóvenes pueden manejar más riesgo, mientras que aquellos cercanos a la jubilación podrían optar por inversiones más seguras. Invertir en acciones puede ser volátil, por lo que es esencial realizar una investigación exhaustiva y aplicar estrategias de gestión de riesgos para mitigar posibles desventajas.
- Elige las cuentas de inversión adecuadas: Selecciona las cuentas de inversión que se adapten a tus necesidades. Las opciones comunes en EE.UU. incluyen:
- Cuentas Individuales de Retiro (IRAs): Cuentas con ventajas fiscales diseñadas para el ahorro de jubilación.
- Cuentas de Corretaje: Cuentas estándar que te permiten comprar y vender varios tipos de inversiones.
- Cuentas de Ahorro Educativo (ESAs): Cuentas específicas para ahorrar para gastos educativos.
- Diversifica tu portafolio: Este término común se utiliza para expresar que tus inversiones deben estar distribuidas en varios activos para minimizar el riesgo. Un portafolio diversificado puede incluir una combinación de acciones, bonos y bienes raíces. Esta estrategia ayuda a equilibrar el riesgo, ya que si una inversión no rinde bien, otras podrían rendir positivamente.
- Revisa y ajusta regularmente tu portafolio: Invertir requiere atención continua. Evaluar con frecuencia tu portafolio asegura que se alinee con tus metas financieras y tu tolerancia al riesgo. Ajusta tus inversiones según sea necesario para mantener el rumbo, especialmente si tu situación financiera o las condiciones del mercado cambian.
Superando los desafíos comunes para los inversionistas inmigrantes en EE.UU.
Invertir en los EE.UU. puede ser particularmente desafiante para los inmigrantes debido a barreras y complejidades únicas. Comprender y abordar estos desafíos es crucial para una inversión exitosa y el crecimiento financiero. A continuación, se presentan algunos de los obstáculos más comunes que enfrentan los inversionistas inmigrantes y estrategias para superarlos.
- Barreras de idioma y cultura: Los inversionistas inmigrantes pueden enfrentar barreras de idioma y cultura al navegar por los mercados financieros. Busca recursos y asesores que comprendan tu trasfondo y puedan brindarte apoyo en tu idioma nativo.
- Construir crédito e historial financiero: Establecer un historial crediticio es crucial para acceder a cuentas de inversión y préstamos en los EE.UU. Comienza abriendo una cuenta bancaria, usando una tarjeta de crédito asegurada y pagando las facturas a tiempo para mejorar tu puntaje crediticio.
- Comprender las implicaciones fiscales: Los diferentes tipos de inversiones tienen implicaciones fiscales variables. Comprender cómo se gravan las ganancias de capital, los dividendos y los ingresos por intereses en EE.UU. puede ayudarte a tomar decisiones de inversión informadas. Considera consultar a un asesor fiscal para navegar por estas complejidades.
- Acceso a servicios financieros: El acceso a los servicios financieros puede ser limitado para los inmigrantes. Busca bancos e instituciones financieras que ofrezcan servicios adaptados a las comunidades inmigrantes, y considera usar soluciones fintech que brinden oportunidades de inversión más accesibles.
Abordar estos desafíos requiere un enfoque proactivo y la disposición para buscar los recursos y el apoyo necesarios. Al superar las barreras de idioma y cultura, establecer un historial crediticio sólido, comprender las implicaciones fiscales y acceder a los servicios financieros adecuados, los inversionistas inmigrantes pueden navegar con confianza el panorama de inversión en los EE.UU. y trabajar hacia sus metas financieras.
Conclusión: Empoderando a los inversionistas inmigrantes en EE.UU.
Invertir es un paso crucial hacia la estabilidad y prosperidad financiera, particularmente para las familias inmigrantes en los Estados Unidos. Al comprender los fundamentos de la inversión, reconocer las oportunidades únicas en el mercado estadounidense y abordar los desafíos específicos que enfrentan los inmigrantes, puedes construir una base sólida para tu futuro financiero.
Los recursos educativos, una evaluación clara de tu situación financiera y el establecimiento de metas financieras bien definidas son puntos de partida esenciales. Adoptar la diversificación y revisar regularmente tu portafolio de inversiones asegura que tu estrategia se mantenga alineada con tus objetivos y tolerancia al riesgo. Superar las barreras comunes como el idioma, las diferencias culturales y la comprensión de las implicaciones fiscales es vital para una inversión exitosa.
Al tomar medidas proactivas y buscar el apoyo adecuado, los inversionistas inmigrantes pueden navegar el panorama financiero de EE.UU. con confianza y efectividad. Con diligencia y toma de decisiones informadas, puedes lograr seguridad financiera, proteger tu riqueza de la inflación y cumplir con tus objetivos financieros a largo plazo. Invertir no se trata solo de generar riqueza; se trata de crear un futuro estable y próspero para ti y tu familia en tu nuevo hogar.
Financial Education
How to transfer money between banks? 2026 guide
8 min de lectura
How to transfer money between banks
To transfer money between banks in the United States, you can use an ACH transfer, wire transfer, online bank transfer, peer-to-peer payment app, or a fintech app connected through Plaid. The right option will depend on how quickly you need the money to arrive, how much you are sending, and the transfer fees.
Some bank transfers take minutes, while others can take several business days. Wire transfers are typically faster for large payments, ACH transfers are commonly used for everyday banking, and P2P apps are often used for sending money between friends or family members.
Quick comparison: 6 methods at a glance
| Method | Speed | Typical fees | Common use |
|---|---|---|---|
| ACH transfer | 1–3 business days | Typically no fee | Everyday bank transfers |
| Wire transfer | Same day | Fees vary by financial institution | High value or time-sensitive payments |
| Online bank transfer | Instant to same day | Typically no fee | Transfers between accounts at the same institution |
| Plaid-linked transfer | 1–3 business days | Typically no fee | Linking external accounts to apps |
| P2P payment apps | Seconds to hours | Varies by app | Sending money to another person |
| In-person branch transfer | Same day to several days | Varies by financial institution | In-person assistance or high-value transfers |
ACH transfer
ACH transfers are one of the most common ways to transfer money between banks in the United States. ACH stands for Automated Clearing House, the electronic network financial institutions use to process transfers between accounts. This method is commonly used for paying bills, sending payroll deposits, and moving money between personal accounts.
Wire transfer
Wire transfers are electronic transfers of funds between financial institutions through secure financial networks. They are typically used for larger amounts, urgent payments, real estate transactions, and business payments. Domestic wire transfers generally process the same business day. Fees vary significantly by institution.
Online bank transfer
Many banks allow customers to transfer money between their own accounts instantly or same-day through their app or online portal. This is commonly used for moving money between a checking and savings account at the same institution.
P2P payment apps
Peer-to-peer payment apps like Venmo, Cash App, Zelle, and Común's Pay allow users to send money quickly using just a phone number, email, or QR code. They are ideal for everyday payments between people who know each other.
How long does a bank transfer take?
Times vary: ACH transfers typically take 1 to 3 business days. Domestic wire transfers can complete the same business day. Transfers between accounts at the same institution can be instant. P2P apps can be instant or take up to 1 business day.
How much do banks charge for transfers?
Fees vary widely by institution and method. ACH transfers are generally no fee. Domestic wire transfers can cost $15–$35. International wire transfers can cost $35–$75. P2P apps are generally no fee for standard transfers.
FAQ
Can I transfer money between banks without a fee?
Yes, ACH transfers are generally no fee. Many P2P apps also offer standard transfers without a fee.
How long does an ACH transfer take?
Generally 1 to 3 business days, although same-day ACH is available at some institutions.
What do I need to make a wire transfer?
You generally need the recipient's bank account number and routing number, and for international wires, the SWIFT/IBAN code.
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.
What You Need to Open an Account at Comun¹ 4
8 min de lectura
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.
International Money Transfers
Which banks offer Zelle in Mexico? What you need to know in 2026
8 min de lectura
Which banks offer Zelle in Mexico? What you need to know in 2026
Zelle does not send money directly to Mexico. Zelle only works between eligible U.S. bank accounts and credit unions within the United States.
If you are looking into different methods for sending money to your family in Mexico, you may be searching for 'which banks offer Zelle in Mexico' or trying to understand if Zelle works internationally. This is a common misunderstanding for immigrant families in the U.S. No Mexican bank officially offers Zelle for receiving transfers from the U.S., and Zelle itself is not designed for international money transfers or currency conversion.
What is Zelle and how does it work?
Zelle is a digital payment service that facilitates peer-to-peer transfers at select partner banks in the United States. It is known for its speed, with transfers appearing in minutes, and for its extensive coverage across the U.S. Some U.S. financial institutions that support Zelle include Bank of America, Chase, Wells Fargo, Citi, PNC, and many more.
Why doesn't Zelle work for sending money to Mexico?
Cross-border money transfers require financial institutions, payment networks, regulatory approvals, identity verification procedures, and international settlement systems. Zelle was built around domestic payment systems in the U.S. Because of this, the service does not support direct transfers from U.S. bank accounts to recipients in Mexico.
Alternatives for sending money to Mexico from the U.S. (2026 comparison)
| Service | Typical starting fees | Delivery speed | Exchange rate model | Cash pickup |
|---|---|---|---|---|
| Remitly | Varies; ~$1.99+ for bank deposit to Mexico | Express: minutes to same day; Economy: 3–5 days | Exchange rate markup applies | Yes |
| Wise | From ~0.48% of transfer; shown upfront | Usually same day to 2 days | Mid-market rate, no markup | Limited (select corridors) |
| Xoom | Depends on payment method and destination | Minutes to 1 day | Exchange rate markup applies | Yes |
| Western Union | Varies widely by method and destination | Minutes to several days | Exchange rate markup applies | Yes (extensive agent network) |
| Común | Starts at $2.99 via UniTeller; may vary | Varies by destination and method | Rates displayed before transfer | Yes (depending on delivery option) |
Fees, exchange rates, and delivery times vary based on transfer amount, destination, funding method, and payout option. In 2026, a 1% federal excise tax applies to cash-funded transfers. Bank, debit, and credit card transfers are exempt.
How the new 1% tax on cash remittances affects transfers to Mexico
Starting in 2026, a 1% federal tax applies to certain remittance transfers. The tax applies when you pay with cash, money order, or cashier's check. Transfers funded from a U.S. bank account or with a U.S.-issued debit or credit card are exempt by law.
FAQ
Does Zelle work in Mexico?
No. Zelle does not support international transfers. There is no Mexican bank that offers Zelle for receiving money from the U.S.
What is the best app to send money to Mexico?
It depends on your specific situation. Común offers transfers starting at $2.99 with transparent pricing. Visit comun.app/remittances to learn more.
Remittance service provided by Service UniTeller, Inc. Remittance fees start at $2.99 but may vary. Común Inc. may earn revenue from the conversion of foreign currencies.
Financial Education
What is a certified check and how can you make sure it’s valid?
8 min de lectura
What is a certified check and how does it work?
Certified checks are a common form of payment for thousands of immigrants living in the United States, especially for major purchases such as rent payments, buying a car, and legal settlements.
However, it is not always clear why the certification process matters and how it differs from other types of checks.
A certified check is a physical payment order that has been reviewed in advance by a financial institution to ensure there are sufficient funds in the issuer’s bank account. This is the fundamental reason it’s considered a safer form of payment than a personal check.
Below, we explain in detail what a certified check is, how it works, and why it’s important to understand the differences from other types of checks.
What is a certified check?
A certified check is a type of check with guaranteed funds, since the issuing bank has verified the money exists in the checking or personal account.
This makes it a safer form of payment than personal checks, because the bank sets aside the amount to be paid so it can be collected by the payee.
How is a certified check issued?
Issuing a certified check is a straightforward process you can complete directly at the financial institution of your choice.
- The customer requests the check
The account holder must go to a bank and request a certified check, specifying the payee and the amount.
- Customer identification
You must present an official ID to verify that you are the holder of the savings or checking account from which the funds will be drawn.
- The bank freezes the amount in the account
The bank then certifies there are sufficient funds to cover the check and freezes them to ensure the payee can cash it.
- Signature certification
You must sign the check before finishing the process so the bank can confirm the signature matches the one on file.
Affixing the certification stamp
Finally, once the bank has verified the funds and the signature, it places a certification stamp to document completion of the process.
Differences between a certified check and a cashier’s check
A cashier’s check is another way to make secure payments using a physical instrument. In this case, the bank branch issues the check after receiving the customer’s payment, so the funds come from the bank itself.
Below is a comparison between a cashier’s check and a certified check.
Cashier’s check
Certified check
Security
High; the bank verifies sufficient funds and places a hold for the payee.
Very high; the check is backed by the bank and does not depend on the issuer’s account.
Cost
At some banks they have no cost at others up to approximately $15.
Depends on the bank; typically $10–$20.
Issuance time
At the branch, after funds are verified.
Immediate.
When is a certified check typically required?
A certified check is commonly used for significant transactions or large amounts. This gives the recipient assurance that funds are available.
- Paying an apartment security deposit.
When finalizing a lease or purchasing an apartment, the landlord or agent may request payment via certified check to guarantee funds.
- Buying a used car.
Whether dealing directly with owners or dealerships, a certified check can be a suitable option because of the security it provides.
- Closing an important contract or legal settlement.
For example, to pay fees, settlements, or indemnities, certified checks provide security for both parties.
- For tuition or school fees.
Some educational institutions accept certified checks as a form of payment, especially for international or first-time payments.
Do you know what to do if a check is stolen or lost? We explain it here!
Practical tips for using certified checks safely
While certified checks are among the safest payment methods due to the bank’s verification process, there are still fraud attempts using forged documents.
With this in mind, keep these tips in mind to avoid becoming a victim of check fraud.
How to know if a check has funds and avoid scams
- Verify with the issuing bank.
Call the bank directly and provide the check number, account holder, and amount; ask them to confirm authenticity and that funds are guaranteed. Make sure you call the bank’s official number, not the one printed on the check.
- Be alert if you receive an overpayment check.
A common scam is sending a check for more than the amount due and asking for the difference in cash. Confirm the check’s validity with the bank before proceeding.
- Wait for the check to clear before handing over any goods.
Clearing can take 3–10 days. Make sure the funds have fully settled and are not just on hold.
- Avoid accepting checks from unknown parties.
Whenever possible, accept checks only from people you trust. If you must take a check, follow the security measures above.
Manage your money securely with Común
In this article we explained what a certified check is, how it’s issued, how it differs from cashier’s checks, and how to use this payment method safely.
While certified checks can be a good payment option, a checking account in the U.S. is a much more secure and practical way to manage money.
Meet Común, your financial ally in the United States!
Send, receive, and cash money within and outside the United States. Our platform lets you move your money easily, quickly, and securely. You need a qualifying official ID from your country of origin to get started.
Open your account with Común today and discover a financial platform tailored to you.
Frequently Asked Questions (FAQ)
Where can I get a certified check in the United States?
You can request certified checks at financial institutions such as banks, credit unions, and some digital banks.
How much does it cost to get a certified check at the bank?
The cost depends on the bank but is typically between $10 and $15.
What other types of checks exist in the U.S. besides certified checks?
Other types of checks in the United States include: Money order; Personal check; Cashier’s check.
Thousands of immigrants are already achieving more with their money. You can too.
Comun is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank; Member FDIC. The Comun Visa® Debit Card is issued by Community Federal Savings Bank, pursuant to a license from Visa U.S.A Inc. and may be used everywhere Visa Cards are accepted.
Comun is a fintech company and not a bank or licensed money transmitter.
* Results may vary. For a complete list of eligible IDs and application requirements, follow this link.
^ No minimums, no 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.
** A service provided by Service UniTeller, Inc. Service UniTeller, Inc. is licensed in all states that require a license. Remittance fees start at $2.99 but may vary. Please check the app for more details. Comun Inc. may earn revenue from the conversion of foreign currencies.
† Funds in your account are FDIC insured up to $250,000 by ownership category through Community Federal Savings Bank (CFSB), Member FDIC, in the event CFSB fails.
