Creating a strict household budget starts with tracking all income and fixed expenses, then setting limits on variable spending. An account with no monthly fee or minimum balance, like Común's, makes it easier to track your money without losing part of your budget to fees.

How do I start creating a budget for my household?

Track all your income and fixed expenses (rent, utilities, debt), then set realistic limits on variable spending (food, entertainment) based on what's left.

How do I keep bank fees from eating into my budget?

Choose an account with no monthly fee or minimum balance — every avoidable fee is money that stays in your budget instead of going to the bank.

What tools help maintain a strict budget?

Real-time activity notifications, reviewing your transactions often, and separating money by spending category are practices that make it easier to stay in control.

Frequently asked questions

Where do I start making a budget?

Track all your income and fixed expenses first, then set limits on variable spending with what's left.

What percentage of my income should I save?

It varies by situation; many people start with the 50/30/20 rule (needs/wants/savings) as a baseline.

How do I avoid overspending each month?

Review your activity often and use notifications to catch unnecessary spending early.

Do bank fees really affect my budget?

Yes — a $12-25 monthly fee plus occasional overdraft charges can add up to hundreds of dollars a year.

Does Común help me stick to a budget?

It doesn't charge a monthly fee or require a minimum balance, and real-time activity notifications help you track your spending.

Should I have a savings account separate from my checking account?

It can help separate money meant for savings from day-to-day spending money, reducing the temptation to use it.

Have you just obtained your permanent residence in the United States? Without a doubt, it’s a great achievement for every immigrant who has gone through the immigration process for a long time, though it also comes with a series of responsibilities and restrictions.

A recurring issue within the immigrant community is the general lack of awareness about the risks that can affect their legal status if they don’t act appropriately in the country.

In this article, we aim to keep you informed about these restrictions and provide practical advice to maintain your permanent residence smoothly.

Legal restrictions and rights as a permanent resident

The first thing you should understand is that being a resident is not the same as being a U.S. citizen, as there are clear legal differences that set them apart.

These are the main restrictions you should keep in mind.

You cannot vote in federal elections

Unlike U.S. citizenship, permanent resident status does not grant the right to participate in federal or state elections, which is a disadvantage in exercising voting rights.

Certain public jobs are restricted

Although permanent residents can work for the U.S. government, some positions are only available to citizens, particularly those related to national security or public trust roles.

Possibility of losing status for serious crimes

While obeying the law is mandatory regardless of your immigration status, it’s important to remember that committing crimes such as fraud or drug trafficking can lead to the revocation of your Green Card.

Risks of losing the Green Card due to absences or immigration errors

One of the key requirements you must keep in mind from the moment you began your Green Card process is the obligation to maintain continuous residence in the United States before and after approval.

Keep these risk scenarios in mind to avoid problems with U.S. immigration authorities.

• Leaving the country for more than 6 months without justification may raise suspicion of abandoning residence: if you need to leave the U.S. for more than 6 months, apply for Form I-131, which declares your intention to return.

• Stays outside the U.S. longer than one year can cause automatic loss of status: prolonged absences are generally considered abandonment of permanent residence. Form I-131 allows you to remain abroad for up to two years.

• Failing to file taxes or lying on tax returns can be grounds for revocation: the Internal Revenue Service (IRS) and U.S. Citizenship and Immigration Services (USCIS) may revoke lawful permanent resident status if they detect irregularities in tax payments.

It is advisable to plan your trips abroad in advance and, if necessary, obtain a reentry permit before leaving. Also, stay up to date with your tax payments and seek legal advice if needed.

Limitations on sponsoring family members and obtaining benefits

One of the main advantages of having a Green Card is the ability to sponsor family members for the same status. However, unlike U.S. citizens, residents have access to limited eligibility categories.

• You can only sponsor a spouse and unmarried children under 21: these relatives are considered “preference” categories and must wait until visa slots become available.

• Parents and siblings cannot be sponsored (only citizens can do so): in this case, the only option is to obtain U.S. citizenship.

• Waiting times are long depending on the country of origin: the process can take longer for applicants from high-demand countries, such as Mexico.

Although permanent residence offers certain benefits for holders, these restrictions can be frustrating for immigrants seeking family reunification hindered by regulations.

Tips to protect your status as a permanent resident

It’s true that there are risks that can lead to losing your permanent residence, but most can be avoided with good practices and responsibility.

Keep these tips in mind to avoid problems with the U.S. government.

Always meet your tax obligations

Stay current with your annual tax filings; remember that the deadline is usually April 15 each year. It is essential to meet this requirement, even if you spend time outside the country, to demonstrate your responsibility as a permanent resident.

Maintain a clear residence and ties in the U.S.

It is essential that your main residence is in the United States and that you can show clear ties in the country, such as work, studies, or family.

Avoid long absences and consult before traveling

As mentioned before, being away for more than 6 months may be interpreted as abandoning permanent residence. Try to leave the country only in emergencies, after applying for Form I-131.

Consider applying for citizenship if you meet the requirements

After 5 years as a permanent resident without extended absences and meeting other legal requirements, you can apply for citizenship and remove these restrictions.

Although naturalization is a long process with several steps, it is the most practical path to long-term stability in the country and full rights.

Común supports your financial life as an immigrant

In this article, we explained the “fine print” of the permanent resident card, showing you the risk factors that could lead to losing your status, as well as its benefits.

A common concern for immigrants seeking permanent residence is staying connected with their loved ones despite the distance. Común is the fintech platform that helps you organize your money and send support easily.

Discover all the benefits of Común!

• Checking account with clear and competitive fees.

• Affordable international money transfers.

• Mobile app available in Spanish that accepts more than 100 qualifying official identifications from your home country.

• Debit card for everyday purchases and payments.

Open your account with Común today and manage your money in the U.S. with clarity and confidence.

Frequently Asked Questions (FAQ)

If you still have questions, check the following section.

What’s the difference between a Green Card and residency?

The Green Card, or permanent resident card, is the physical document that certifies that a person holds lawful permanent residence. Residency, on the other hand, is the status granting the right to remain in the country indefinitely.

How long does a Green Card last?

The Green Card is valid for 10 years and can be renewed indefinitely as long as requirements are met. For conditional residency, it lasts 2 years, after which you must apply to remove the condition to renew it for 10 years.

What happens if I don’t renew my permanent visa?

If you don’t renew your permanent residence, your status remains valid, but you might face issues reentering the country, at work, or when handling legal procedures. It’s best to keep this document current to avoid complications.

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Have you heard of Venmo? It is a digital payment application that has gained popularity in the United States in recent years. According to recent data, in 2024 the mobile application reached 68.3 million active users, representing an 8.8% increase compared to 2023.

The importance this mobile application has acquired cannot be denied, which is why knowing what Venmo is in the United States can be very useful to send and receive money from family and friends quickly and securely.

As a foreign national living in the U.S., you must ensure that you choose a financial platform that meets your needs for sending money to your home country and making payments with ease.

In this guide, we clarify all your potential questions about how to use Venmo in other languages like Spanish, what it is for, the requirements to open an account, the benefits this mobile app offers, and also its limitations.

What Is Venmo and How Does It Work?

Venmo is a highly popular P2P (peer-to-peer) payment mobile application in the U.S. Its primary purpose is to facilitate the instant transfer of money between friends and family, in addition to allowing users to link bank accounts and cards.

Venmo’s business model is based on charging fees for services such as credit card transactions, instant transfers of money to bank accounts, and transactions using its physical card.

Some of the most common reasons immigrants use Venmo include:

• Paying monthly rent
  
  
• Receiving wages from occasional jobs
  
  
• Paying or receiving money from friends and family
  
  
• Lending or repaying money to acquaintances
  
  

Key Features of Venmo: What Can You Do With It in the U.S.?

To fully understand what Venmo is in the United States, it is important to explore the functionalities this P2P payment service offers its users to simplify their lives:

• Instant sending and receiving of money between Venmo users
  These are the mobile app’s most important features, as it allows for instant transfers without charging a fee between Venmo users.
  It also enables adding notes or emojis to identify each transaction and the option to use the mobile app’s balance or a linked bank account.
  
  
• Use of Venmo Debit Card (Mastercard) for purchases
  Venmo also offers a physical debit card for making purchases at brick-and-mortar establishments. It is valid at any merchant that accepts Mastercard within the United States.
  Additionally, it includes an extra benefit: each purchase with the debit card accumulates cash back for greater savings.
  
  
• Direct deposit for wages and benefits
  You can use your Venmo account to receive your salary or other types of transfers. All you need is your personal QR code.
  
  
• Bank transfers to bank accounts
  Venmo offers two types of bank transfers: standard transfers, which are free and take one to three business days, and instant transfers, which incur a fee of approximately 1.75% and are completed within minutes.
  
  
• Payments to businesses and merchants that accept Venmo
  Another advantage of this service is the “Pay with Venmo” feature, which allows payments at physical or online businesses that accept Venmo.
  This streamlines transactions and enables you to use the balance deposited in the application directly.
  
  
• Social features: comments, “likes,” and bill-splitting
  Lastly, one feature that makes Venmo more appealing is the ability to add comments, likes, and emojis.
  This allows you to request payments from friends and family, add reminders, and split expenses among multiple users.
  
  
• Business profiles for companies
  Venmo allows small businesses and independent workers to create a business profile to receive payments directly into their account via username or QR code.
  
  

What Do I Need to Have Venmo? The Reality of Its Availability

Now that you know the benefits of this mobile application in detail, you probably want to learn the requirements to start using it.

Before learning how to pay with Venmo, remember that it only works in the United States.

These are the requirements to use Venmo:

• Have an Android or iOS phone
  As it is a mobile application, you must have a compatible Android or iOS smartphone and download the mobile app from the corresponding store.
  
  
• Register with a personal phone number
  To register in the mobile app, you need a U.S. phone number and must reside in the country, as Venmo is only available there. You may also register with an email address.
  
  
• Link your U.S. bank account
  Linking a bank account isn't required to create your Venmo account; you can receive money and pay with your balance or a card. However, most features require a linked bank account.
  
  
• Link a debit or credit card
  Another option to access all Venmo’s features is linking a credit or debit card instead of a bank account. This allows you to use the card’s balance for transactions directly from the mobile app.
  
  
• Verify your account
  Account verification is required to access all Venmo features, to confirm users’ identities. Verified users can send up to $60,000 per week, but only if their SSN or ITIN has been confirmed. Non-verified users can send up to $299.99 per week.
  
  

To verify your account, Venmo will request the following:

• Full legal name
  
  
• Mailing address in the United States
  
  
• Date of birth
  
  
• SSN (Social Security Number) or ITIN
  
  

How to Transfer Money from Venmo to My Bank Account?

To transfer money from Venmo to your bank account, once it is linked and verified, follow these steps:

1. Log into your account through the mobile app and go to the “Me” tab.

2. Press the “Transfer” or “Add” button.

3. Enter or edit the amount you want to transfer to your bank account.

4. Select the transfer method: “Instant” or “up to 3 biz days,” noting any applicable fees.
5. Confirm the transfer details and complete the process.

If you want more options for depositing money into another person’s account, do not miss these recommendations.

Limitations of Venmo for Immigrants: Why Is It Not a Complete Solution?

The need for immigrants to have an integrated solution allowing access to digital payments, transfers, and other benefits increases daily. Therefore, while Venmo is a popular option for sending and receiving money in the U.S., it may present limitations for immigrants working in the country.

One limiting factor for immigrant communities is the language barrier in customer support. Because it is a service designed for U.S. residents, it is not optimized for people who speak a different language, such as Spanish. In addition, you should have a U.S. bank account.

Your best option may be to entrust your financial assets to a service offered in your language.

Comun: An Excellent Alternative to Venmo for the Immigrant Community in the U.S.

We present Comun, the solution for immigrants seeking to improve the way they send and receive money to family and friends.

Why Is Comun a Great Option for Immigrant Communities in the United States?

• Comun allows you to open an account with the official identification from your country.
• It is also a platform available in Spanish without complicated terms.
  
• Unlike Venmo, Comun enables you to send remittances to LATAM for an affordable fee starting at $2.99, subject to applicable limits.
  
• Access a mobile application to perform your transactions from the palm of your hand.
  

If you think accessing quality financial services in the U.S. is impossible for immigrants, open your Comun account today and forget about complications.

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Disclosures:

“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.”

“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.”

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Alien Registration Number or A-Number: Everything you need to know if you’re in the United States

Immigrants living in the United States should become familiar with several terms and procedures to ensure their long-term stay in the country.

One way to compile all the information related to your immigration process is through the A-Number or Alien Registration Number. This identifier is assigned by the Department of Homeland Security (DHS) to foreign nationals residing in the country.

It’s very important to know this information, as it serves as the identification number for your immigration file.

In this article, we’ll explain what the Alien Registration Number is, what it’s used for, and why it’s so important for immigration procedures.

What is the Alien Registration Number (A-Number) and what is it for?

The first step to identifying an A-Number is knowing that it always begins with the letter “A” and contains 8 or 9 digits.

The main function of this number is to allow USCIS and other agencies to quickly track immigration cases and applications related to each person.

Here are some examples of when the A-Number is used:

• To track your permanent residence (Green Card) application.

• When you apply for a work permit (EAD).

• If you apply for an adjustment of status, your A-Number will be used to link your case file.

Where can you find the Alien Registration Number, and who receives it?

To locate your A-Number, you can check several official documents issued by USCIS or DHS, such as:

• Green Card

• Employment Authorization Document (EAD)

• USCIS notices

• Immigration court orders

Do you know the difference between an ITIN and an SSN? This article explains everything you need to know.

How to identify the A-Number

Below we break down how the A-Number appears on various official documents.

Document

Location

Permanent Resident Card

On the front, next to “USCIS#” or “A#.”

Work Permit (EAD) 

On the front

USCIS Notices

In the upper corner or near the applicant’s name

Immigration court documents

At the top of the document.

This is a unique number assigned only to individuals with formal and permanent files in U.S. immigration agencies, such as:

• Permanent residents (Green Card holders).

• Refugees or asylees.

• Adjustment of status or work permit applicants.

• Individuals with open cases before immigration court.

On the other hand, temporary visitors such as tourists, students, or non-immigrant visa holders do not receive an A-Number since their cases do not require a permanent immigration file.

Do you already have an ITIN in the United States? This article explains all the benefits of this identifier.

Why is the Alien Registration Number important in immigration procedures?

The A-Number is a central identifier used in multiple immigration procedures needed to regularize your status in the country.

Here are the most common uses of the A-Number in immigration processes.

Tracking immigration cases (USCIS Case Status)

If you want to track the status of your pending applications, such as permanent residence, work permit, or adjustment of status, you need to enter your A-Number in the USCIS Case Status system.

This way, you can know exactly which stage your case is in and stay informed of updates to ensure your process stays on track.

Updating personal information

It’s essential to keep your immigration records updated. If you change your address, phone number, or legal name, your A-Number will help you update your information.

This helps ensure you receive official notifications and avoid delays in important procedures.

Avoiding mistakes in immigration processes

Since the A-Number functions as a unique identifier, it also helps avoid confusion between applicants with the same or similar names.

Be sure to use your A-Number correctly when filling out forms or official documents so that all your information stays under the same file and saves time when searching for a document or specific information.

In short, this number helps simplify the immigration process for immigrants and provides a sense of security and control during procedures that can often cause stress and uncertainty.

What to do if you don’t have or don’t remember your A-Number

If you don’t have an A-Number, remember that USCIS assigns one once you start an immigration process in the United States. If you already have one but can’t remember it, follow these tips to locate it.

• Check your official documents, such as your Green Card, work permit, or any forms submitted to USCIS.

• Log in to your USCIS online account and check the “manage your case” section.

• Call the USCIS Contact Center at 1-800-375-5283, explain that you can’t find your A-Number, and ask for assistance locating it.

Avoid using a fake A-Number, as this could cause problems with immigration authorities.

Organize your immigration life while managing your finances with Comun

As you can see, the A-Number is essential to staying organized during immigration procedures. It helps keep your documents together in one file, making them easier to locate and reducing the risk of delays caused by mistakes.

Another important aspect of immigrant life in the U.S. is having the right tools to keep personal finances organized.

Meet Comun, the platform designed to help immigrants manage their finances with ease.

Here are some of the benefits Comun offers:

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

• Send money to several countries with clear and competitive fees, up to the applicable limits.

• Access support in both Spanish and English.

Want to discover a truly fair and accessible financial service? Open your Comun account today!

Just as your A-Number helps you keep your immigration documents organized, Comun helps you maintain your financial stability in the United States.

Frequently Asked Questions (FAQ)

If you still have questions, check out our FAQ section.

What is the USCIS number? Is it the same as the A-Number?

The USCIS number appears on your permanent resident card or work permit. It’s actually the same identifier as your A-Number, which appears on these documents preceded by “USCIS#.”

What is the Alien Number?

The Alien Registration Number is the official name for the A-Number assigned by DHS or USCIS to individuals who are not U.S. citizens, allowing them to track their immigration process through a unique file.

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Online banking refers to a financial institution with a digital presence on the web, accessible from different devices. Online banking has features that set it apart from other platforms — its main characteristic is that money and account management happen entirely online. Here are the main things that set it apart from traditional banking and other platforms — keep reading!

Features of Online Banking

Now that you know what online banking is, here are the different features it offers:

Convenience: You don't need to complete part of a transaction online and finish it in person at the bank. Online banking can offer 100% online transactions, depending on the institution.

Functionality: Banking today has improved the user experience to the point that most apps are user-friendly, offering a wide range of financial products and tools so users don't have to complete some confirmations in person at the branch.

Security: This is one of the aspects online banking has focused on most, and one of the factors that limited financial products for customers in the past. Today, there's a wide range of tools that make online transactions secure, including:

Banking software: Banks have internal software that protects users — in payment methods, IP location recognition, and payment processing and authentication.

Two-factor authentication: With mobile apps, security is properly guaranteed through online banking.

Security protocols: These are the steps required to access certain financial tools. Some protocols require two-factor verification, others use randomized codes depending on the bank's criteria.

Advantages of Online Banking

Over the years, online banking has optimized its digital processes, resulting in a number of benefits for users, including:

Time savings: You don't need to go to a bank branch to complete a transaction and wait to be helped after a long wait at the branch.

Better communication: Complaints are handled promptly on many platforms. Generally, the solution is found in one of the menus within the app. This is mainly due to the standardization of solutions for the most common issues regular users face, available as options within the platform.

Streamlined processes: The ease of acquiring financial products, choosing promotional cards, making both domestic and international transactions, and checking real-time spending make online banking an ideal option.

Ease of use: The options the platform offers make navigation within the app (for smartphones) or platform extremely user-friendly.

For these reasons, it's worth understanding the different operations related to online banking, including:

Opening a bank account online.

Making transfers online.

Getting benefits through online banking.

Setting up bill pay through your bank.

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International money transfers can be sent via bank wire, money transfer apps, or remittance services — each with different fees, speed, and delivery options. With Común, transfers to Latin America start at $2.99, with most arriving within minutes.

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

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

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

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

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How Does an International Money Transfer Work?

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

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

International Money Transfers via Traditional Banks

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

International Transfers via Specialized Applications

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

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

Steps and Requirements for Making an International Money Transfer

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

1. Choose a Provider

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

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

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

2. Create an Account

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

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

Requirements for Opening an Account with Comun

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

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

3. Enter Transaction Details

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

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

Then, enter the amount you wish to send.

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

4. Review Costs and Rates

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

5. Send the Money

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

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

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

6. Confirm Receipt

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

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

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

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

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

• Transfer Fees

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

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

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

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

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

• Exchange Rate
   

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

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

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

• Hidden Fees

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

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

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

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

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

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

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

Why Choose Comun for International Money Transfers?

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

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

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What are the main ways to send money internationally?

Bank-to-bank wire transfers, dedicated money transfer apps, and remittance services are the three main options, each with different costs and delivery times.

What should I compare between international transfer options?

The fee, exchange rate, delivery speed, and whether the recipient needs a bank account or can pick up cash.

How does Común handle international transfers to Latin America?

Transfers start at $2.99, with your first transfer at no cost. Delivery options include bank deposit or cash pickup at locations like Elektra and Oxxo in Mexico, with most transfers arriving within minutes.

Frequently asked questions

What's the cheapest way to send money internationally?

It depends on the corridor and amount; always compare the fee AND the exchange rate, since a low fee can hide a worse exchange rate.

Do I need a bank account in the destination country to receive money?

Not always — some services, including Común, offer cash pickup options that don't require a bank account.

How long do international transfers usually take?

It varies by method — bank wires can take days, while modern remittance apps like Común often deliver within minutes.

Are international money transfers safe?

Yes, when using a licensed provider that's transparent about fees and exchange rates before you confirm.

What information do I need to send an international transfer?

Typically the recipient's name, destination country, and either their bank account details or pickup preference, depending on the method.

Does Común charge for international transfers?

Fees start at $2.99 per transfer, with your first transfer at no cost.

In this article, we'll walk you through the advantages and requirements of having a debit account in the United States. It's worth noting that the world's financial center is New York, home to the most important payment hubs where the world's top-ranked financial institutions are connected. That's why having an account in the United States is essential if you do business globally.

Why Having a Debit Account in the United States Matters

Here are the advantages of having a debit account in the United States and what it means to have one — among the most notable benefits:

Cost: The cost to open an account in the U.S. is actually minimal, largely thanks to the digital account types available today. This gives you the ability to handle financial transactions smoothly with the people you want to do business with.

Requirements: Requirements are usually basic, as long as you're of legal age and have some form of address documentation. If you're a foreigner, it's possible to open an account in the United States without a long list of requirements or needing to be physically present.

Control: You can track fees, deductions, and payments made through the platform — for that, we recommend reading: How to Manage My Money in a Debit Account.

Ideal for Freelancers: If you do remote work, global companies typically require an account on some payment platform. For that, you'll need a U.S.-based account. That's why it's worth opening one, so you can meet the requirements of that payment platform.

Security: You get the security that comes with U.S. regulation. On top of that, funds are protected by the Federal Deposit Insurance Corporation (FDIC).

Options: There's a wide variety of ways to get a U.S. account, and among the main options is starting with a debit account, which offers alternatives for people who want an account without being a U.S. resident.

General Requirements to Open an Account in the United States

The requirements listed here are for opening a general account — keep in mind that requirements vary by account type. Among the requirements U.S. financial institutions typically ask for:

ID document: Issued by your country of residence's government (passport, national ID, or identity card depending on your country of origin).

Proof of residence: A current utility bill showing your physical address. It must include a zip code.

Email address: So the confirmation email can be sent this way if you open the account through a platform or app.

Mobile device: To authenticate transactions made through the bank's platform.

If you want to open an account in the United States, there are several options and account types available. Just choose the one that fits your needs, requirements, and that you can comfortably and securely meet the requirements for.

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Direct deposit vs wire transfer: comparison guide for U.S. immigrants

These payment methods are both available in the U.S. but they are often used for different purposes. Direct deposit is commonly used for paychecks, tax refunds, and government benefits, while wire transfers are more often used for urgent or high-value transfers between financial institutions.

Understanding the difference between direct deposit and wire transfers can help you avoid unnecessary fees, choose the right payment method for your situation, and manage your money more confidently.

What's the difference between direct deposit and wire transfer?

The biggest difference is the purpose they serve. Direct deposit is commonly used for recurring payments such as salaries, benefits, and tax refunds. Wire transfers are commonly used to move money quickly between financial institutions, particularly for large or time-sensitive transactions.

How direct deposit works

Direct deposit is one of the most common payment methods in the United States, particularly for employees receiving wages from an employer. Instead of issuing a paper check, an employer sends the payment electronically to the employee's bank account through the ACH network.

To set up direct deposit you need to provide your employer: your bank's routing number and your personal account number.

How wire transfer works

A wire transfer is an electronic transfer of funds between financial institutions through secure financial networks like Fedwire or SWIFT. Unlike direct deposit, wire transfers are better suited for large one-time payments, urgent payments, real estate transactions, or international transfers.

When to use each one

Use direct deposit for:

• Receiving your paycheck
• IRS tax refunds
• Social security or unemployment benefits
• Recurring business payments

Use wire transfer for:

• Real estate payments (down payment, closing)
• Urgent international transfers
• High-value business payments
• When the recipient specifically requires a wire transfer

How to set up direct deposit with Común

With your Común account, you can set up direct deposit by providing your Común routing number and account number to your employer. Your Común account has unique routing and account numbers available in the app. Visit comun.app to learn more.

FAQ

Is direct deposit faster than wire transfer?

Not necessarily. Domestic wire transfers can be faster (same day), while direct deposits usually take 1-3 business days. However, many accounts offer early access to direct deposits up to 2 days early.

How much does it cost to set up direct deposit?

Setting up direct deposit is generally no fee. Employers use the ACH network to send payroll electronically at no charge to the employee.

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

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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

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.

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Checking accounts are an essential tool for managing your personal finances, and the main type of account you'll use day-to-day in the United States. In this article, we'll walk you through everything you need to know about them and how to choose the best option for you.

What Is a Checking Account and Why Do You Need One?

A checking account is a type of bank account that lets you deposit and withdraw money easily. It's the account most commonly used for everyday transactions like paying bills, making purchases, and receiving your paycheck. You need one because it gives you a safe place to keep your money and lets you handle financial transactions efficiently.

Advantages of Having a Checking Account

Checking accounts offer several advantages:

1. First, they give you a safe place to keep your money.
2. Second, they make managing your finances easier by letting you complete transactions easily.
3. Third, many checking accounts offer additional services like debit cards, checks, and access to online and mobile banking.

Differences Between Checking Accounts and Savings Accounts

While a checking account is designed for everyday transactions, a savings account is designed for storing money long-term. Savings accounts usually offer higher interest rates, letting you earn money on your savings. However, they aren't as accessible as checking accounts and may have restrictions on how many transactions you can make.

Common Requirements to Open a Checking Account

Required Documentation

To open a checking account, you'll generally need to provide a photo ID, proof of address, and your Social Security number or tax ID number.

At Común, online banking for immigrants in the United States, the main documents you'll need are:

4. Official ID from your home country
5. A tax ID number like an ITIN or Social Security number (SSN)
6. Proof of address in the United States, such as a bill in your name showing your address within U.S. territory

Opening a checking account with Común is 100% online and can be done in under 5 minutes.

Minimum Deposit and Other Conditions

Some banks require a minimum deposit to open a checking account. They may also charge fees if your balance drops below a certain level. For example, Chase Bank offers the Chase Total Checking account, and Citi Bank offers the Citi Basic Banking Package, both of which include access to thousands of ATMs and online and mobile banking service. However, like many other traditional banks, they charge a monthly service fee of around $8 to $12 unless you meet certain average monthly balance requirements or a minimum amount deposited through monthly direct deposits. On top of that, they may charge overdraft fees of $39 or more.

With Común, however, there's no minimum deposit amount, no minimum monthly balance, and no monthly service fee — and no hidden costs in the fine print.

What They Don't Tell You About Checking Accounts in the United States

You can generally access the funds in your account through ATM withdrawals, checks, electronic transfers, and debit cards. It's important to know, though, that each bank may charge fees for each of these operations, so it's worth knowing them before opening an account so you can compare your options and find what's most practical for you.

Many banks also require an initial deposit to open a checking account. The amount varies by bank, but can range from $25 to $100. Común's checking account has no such cost — the initial deposit required to open one is $0.

Checking accounts can also come with fees beyond the monthly maintenance fee, like ATM fees, overdraft fees, and more. Some banks waive the monthly fee if you maintain a minimum balance or have regular direct deposit. With Común, you can deposit and withdraw cash at no cost at more than 55,000 ATMs across the United States, found at places like Walgreens, CVS, Target, and more.

Some banks offer overdraft protection that keeps checks from bouncing or your debit card from being declined if you don't have enough money in your account. This service can come with high fees, though, so it's important to understand the terms.

And if you're living in the 21st century, access to online and mobile banking lets you check your balance, pay bills, deposit checks, and transfer money from anywhere.

One special feature of checking accounts is FDIC insurance. Banks in the U.S. are typically insured by the Federal Deposit Insurance Corporation (FDIC). This means that even if the bank fails, your money — up to $250,000 — is protected. Común's accounts, for example, are FDIC-insured up to $250,000 through partner bank Community Federal Savings Bank (CFSB).

Checking accounts are an essential tool for managing your personal finances. They give you a safe place to keep your money and let you handle financial transactions efficiently. When choosing a checking account, you should consider factors like fees, services offered, the bank's location and reputation, and interest rates. With the right information, you can choose the checking account that best fits your needs.

If you're looking to open a checking account and get a debit card, what are you waiting for? Do it with Común.

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Direct deposit vs wire transfer: comparison guide for U.S. immigrants

These payment methods are both available in the U.S. but they are often used for different purposes. Direct deposit is commonly used for paychecks, tax refunds, and government benefits, while wire transfers are more often used for urgent or high-value transfers between financial institutions.

Understanding the difference between direct deposit and wire transfers can help you avoid unnecessary fees, choose the right payment method for your situation, and manage your money more confidently.

What's the difference between direct deposit and wire transfer?

The biggest difference is the purpose they serve. Direct deposit is commonly used for recurring payments such as salaries, benefits, and tax refunds. Wire transfers are commonly used to move money quickly between financial institutions, particularly for large or time-sensitive transactions.

How direct deposit works

Direct deposit is one of the most common payment methods in the United States, particularly for employees receiving wages from an employer. Instead of issuing a paper check, an employer sends the payment electronically to the employee's bank account through the ACH network.

To set up direct deposit you need to provide your employer: your bank's routing number and your personal account number.

How wire transfer works

A wire transfer is an electronic transfer of funds between financial institutions through secure financial networks like Fedwire or SWIFT. Unlike direct deposit, wire transfers are better suited for large one-time payments, urgent payments, real estate transactions, or international transfers.

When to use each one

Use direct deposit for:

• Receiving your paycheck
• IRS tax refunds
• Social security or unemployment benefits
• Recurring business payments

Use wire transfer for:

• Real estate payments (down payment, closing)
• Urgent international transfers
• High-value business payments
• When the recipient specifically requires a wire transfer

How to set up direct deposit with Común

With your Común account, you can set up direct deposit by providing your Común routing number and account number to your employer. Your Común account has unique routing and account numbers available in the app. Visit comun.app to learn more.

FAQ

Is direct deposit faster than wire transfer?

Not necessarily. Domestic wire transfers can be faster (same day), while direct deposits usually take 1-3 business days. However, many accounts offer early access to direct deposits up to 2 days early.

How much does it cost to set up direct deposit?

Setting up direct deposit is generally no fee. Employers use the ACH network to send payroll electronically at no charge to the employee.

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

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