Instant payments
En nuestra economía digital de ritmo acelerado, la demanda de transacciones financieras rápidas nunca ha sido mayor. Las transferencias de dinero en tiempo real, comúnmente conocidas como transferencias instantáneas, han revolucionado la forma en que movemos el dinero, ofreciendo una velocidad y conveniencia sin precedentes. A diferencia de los métodos bancarios tradicionales, que pueden tardar días en procesarse, las transferencias en tiempo real permiten que los fondos se envíen y reciban casi al instante. Este artículo profundiza en la mecánica de la red de Pagos en Tiempo Real (RTP, por sus siglas en inglés), la compara con otros tipos de pago, examina el papel de las aplicaciones de transferencia instantánea y explora los beneficios de esta creciente tecnología financiera.
8 min read

22 Aug 2024

La red de Pagos en Tiempo Real (RTP) es una infraestructura financiera avanzada diseñada para facilitar las transferencias de dinero instantáneas en tiempo real. Introducida por The Clearing House en 2017, la red RTP permite la transferencia inmediata de fondos entre instituciones financieras participantes. Este sistema opera las 24 horas del día, los 365 días del año, lo que garantiza que las transacciones puedan realizarse en cualquier momento, incluidos fines de semana y días festivos.
Las características clave de la red RTP incluyen:
La red RTP está diseñada para admitir una variedad de tipos de pago, incluidos los pagos de persona a persona (P2P), de empresa a empresa (B2B) y de empresa a consumidor (B2C), lo que la convierte en una herramienta versátil para las operaciones financieras modernas.
Los pagos en tiempo real revolucionan la experiencia bancaria tradicional al permitir transferencias de dinero instantáneas. Esta eficiencia es posible gracias a la tecnología avanzada y los protocolos de comunicación seguros. A continuación, se presenta un análisis detallado de cómo funcionan los pagos en tiempo real.
La mecánica de los pagos en tiempo real implica varios pasos clave, que garantizan tanto la velocidad como la seguridad:
Iniciación del Pago
Validación y Autenticación
Transmisión del Pago
Procesamiento del Banco Receptor
Confirmación en Tiempo Real
Abre tu cuenta corriente¹ en 3 minutos con la ID de tu país²
El funcionamiento fluido de los pagos en tiempo real depende de una infraestructura técnica robusta. Los componentes clave incluyen:
Garantizar la seguridad de los pagos en tiempo real es fundamental. Se implementan varias capas de seguridad para proteger las transacciones:
Los pagos en tiempo real se utilizan en diversos escenarios, mejorando la eficiencia de las transacciones financieras en diferentes sectores:
Los beneficios de los pagos en tiempo real son multifacéticos y ofrecen ventajas significativas sobre los métodos de pago tradicionales:
Los pagos en tiempo real representan un avance significativo en la industria financiera, ofreciendo una forma fluida, segura y eficiente de transferir fondos. A medida que la adopción de los sistemas de pago en tiempo real continúa creciendo, los beneficios serán cada vez más generalizados, transformando la forma en que manejamos las transacciones financieras.
Los pagos en tiempo real (RTP) ofrecen una ventaja distintiva sobre los métodos de pago tradicionales al proporcionar un procesamiento de transacciones inmediato y disponibilidad de fondos. Para comprender el alcance completo de los beneficios de los RTP, es útil compararlos con otros tipos de pago comunes: transferencias de la Cámara de Compensación Automatizada (ACH) y Pagos Inmediatos.
Las transferencias de la Cámara de Compensación Automatizada (ACH) han sido un pilar en las transacciones financieras durante décadas. Sin embargo, los RTP ofrecen varias mejoras que los convierten en una opción superior en muchos escenarios. Aquí hay una comparación:
Los pagos inmediatos, como los facilitados por redes de tarjetas de crédito o ciertos servicios de pago digital, también ofrecen tiempos de procesamiento rápidos. Así es como se comparan con RTP:
Al comprender estas comparaciones, queda claro que los RTP aportan un nivel de eficiencia, conveniencia y seguridad que los métodos de pago tradicionales no pueden igualar. Como resultado, los RTP están ganando popularidad tanto para transacciones financieras personales como comerciales.
Aprende mas sobre los diferentes tipos de transferencias bancarias
Además de los canales bancarios tradicionales, las aplicaciones de transferencia instantánea han surgido como herramientas populares para facilitar las transferencias de dinero en tiempo real. Estas aplicaciones aprovechan la red de Pagos en Tiempo Real (RTP) y otras tecnologías de pago en tiempo real para proporcionar a los usuarios formas rápidas y convenientes de enviar y recibir fondos. Exploremos algunas de las aplicaciones de transferencia instantánea más utilizadas y cómo funcionan.
Estas aplicaciones han hecho que las transferencias instantáneas sean accesibles a un público más amplio, simplificando el proceso de enviar y recibir dinero.
Las transferencias de dinero en tiempo real, facilitadas por la red RTP y aplicaciones de transferencia instantánea como Venmo, Zelle y Común, ofrecen una velocidad, conveniencia y seguridad incomparables en las transacciones financieras. Con la disponibilidad inmediata de fondos, operación las 24 horas del día y interfaces fáciles de usar, estas tecnologías están transformando la forma en que gestionamos nuestras finanzas. Adoptar las transferencias en tiempo real abre nuevas posibilidades para interacciones financieras eficientes e inclusivas, empoderando a individuos y empresas en todo el mundo.
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

Living in the United States
8 min de lectura
Having health coverage is essential to ensure you receive care when you need it. It’s also a way to invest in your future by preventing large out-of-pocket expenses from costly procedures.
There are many health insurance options in the U.S., so there isn’t a single “best” plan—what’s best depends on your needs and budget.
Although access to healthcare is a basic need, enrolling in a plan can be confusing for immigrant communities.
Below you’ll find a comparison of the main health insurance options in the U.S., key evaluation criteria, and answers to frequent questions—so you can choose the best option to protect you and your family.
Before choosing a plan, carefully assess your personal and family needs, as well as benefits, medical terms, and the features of each option.
Key points to keep in mind before signing anything.
Some plans cover only basic services, while others offer comprehensive coverage including hospitalization, specialist visits, and prescription drugs. Review your medical needs (and your family’s) to gauge the right level.
You must understand both before enrolling. The deductible is what you pay out of pocket before your plan starts paying; the copay is the fixed amount you pay each time you use a covered service.
Check that the plan includes a robust network of hospitals and clinics near your home or work, so you can access care when needed.
As an immigrant in the U.S., note that some plans require certain immigration status, state residency, and/or income qualifications.
Also review extras such as preventive care, mental health, wellness programs, and maternity coverage.
Remember: a low price doesn’t automatically mean the best option—it must fit your (and your family’s) specific needs.
The U.S. health insurance market includes a range of public and private plans.
Here are key options you should know.
Plans under the Affordable Care Act (ACA) are offered through federal/state marketplaces. They must include essential health benefits and prescription coverage. Income-based subsidies may lower costs.
A public program for people with low incomes; covers children, pregnant people, people with disabilities, and families. Usually no premium; some services may have small copays.
A program for people 65+ (and some with disabilities). It’s divided as follows:
Private coverage can be purchased directly or provided as an employer benefit. These plans vary in coverage levels and typically include broad provider networks.
Remember: beyond a policy, a health plan is protection for you and your family—take the time to choose well.
Here’s a comparative table of major U.S. health plan types.
Plan type
Who it serves
Approx. costs
Primary coverage
ACA Marketplace
People without employer private insurance.
Costs vary by coverage; income-based subsidies can lower premiums.
Essential benefits: hospitalization, preventive care, prescriptions, emergency care, etc.
Medicaid
People with low incomes.
Generally no premium; small copays for some services.
Broad medical and hospital coverage nationwide.
Medicare
People 65+ and certain disabilities.
Hospital and medical services coverage
Employer-sponsored private insurance
Workers (and dependents) covered by employers.
Costs include premiums, deductibles, and copays—vary by plan.
Hospital, specialists, prescriptions, emergency services, etc.
Don’t forget: as an immigrant in the U.S., verify eligibility rules related to immigration status.
In this article, we covered what to consider before enrolling, the different plan types, and how to compare benefits.
There’s no single “best” plan—it depends on your personal and family needs and budget.
Beyond medical costs, immigrants need safe financial services to manage their money.
Común is the financial platform you’ve been looking for—discover the benefits!
Open your Común account today and manage U.S. medical bills simply and transparently.
If you still have questions, see the section below.
Among the top U.S. health insurers are:
It isn’t required at the federal level, but some states—like California and New Jersey—mandate coverage or impose penalties.
Official sources include: HealthCare.gov (federal Marketplace to view/compare/enroll); Finder.Healthcare.gov (to find off-Marketplace plans); Medicare.gov (compare Medicare plans by ZIP code).

Living in the United States
8 min de lectura
Living in large metropolitan areas such as New York City, Los Angeles, or Miami can be expensive, especially when it comes to housing, transportation, and everyday expenses. For many people, including recent immigrants, young professionals, and families trying to build financial stability, the affordability of a place may play an important role when deciding where to live in the United States.
There are cities across the country where the overall cost of living can be lower while still offering access to jobs, public services, universities, and established communities. Cities such as Cleveland, Detroit, Toledo, Wichita, and Memphis are often recognized among the more affordable cities to live in the United States due to their relatively lower housing costs and cost-of-living indexes.
This guide explores some of the more affordable cities to live in the U.S., the factors that influence affordability, and considerations that may help when choosing a city that fits your budget, lifestyle, and long-term goals.
Housing and rent
Housing is usually one of the largest expenses for households in the U.S. The national median home price ranges from approximately $408,800 to $437,000. In major metropolitan areas, average rents can exceed $2,000/month. In the most affordable cities, median home prices can be as low as $75,000–$150,000, and one-bedroom apartments often rent for $600–$900/month.
Utilities and groceries
Utility costs such as electricity, water, internet, and heating can vary depending on the region and climate. Grocery prices can also differ between cities depending on transportation costs, local agriculture, and overall demand.
Transportation and mobility
In some larger cities, public transportation may reduce the need for a car. In smaller or more spread-out cities, owning a vehicle may be more needed, which can add costs such as gas, insurance, parking, and maintenance.
Job Opportunities and Salaries
A lower cost of living may not always translate into greater affordability if local salaries are significantly lower. According to the U.S. Census Bureau, the national median household income was approximately $83,730 in 2024.
Cleveland consistently ranks among the most affordable large cities in the United States. Its overall cost of living runs approximately 7–17% below the national average, with housing costs particularly low. Median home prices range from roughly $105,000 to $150,000, a fraction of the national median. The city's economy is anchored in healthcare and advanced manufacturing, with the Cleveland Clinic and University Hospitals serving as two of the region's largest employers. Cleveland is also home to approximately 49,500 Hispanic residents, making it the second-largest Latino community of any city in Ohio, with established Puerto Rican, Mexican, and Central American communities.
Detroit stands out for its exceptionally low housing purchase prices. Houzeo reports a median sale price of $82,000, while Redfin records a higher median of $104,000 as of March 2026. Significant investment in downtown revitalization, automotive industry jobs, and a growing startup scene have improved its economic outlook.
Toledo is one of the lower-cost cities in the Midwest. Redfin puts Toledo's median sale price at $111,000 as of February 2026, noting that Toledo's median is 68% lower than the national average. Manufacturing, healthcare, and logistics remain important parts of the local economy, and the city has an established Latino community with access to Spanish-speaking services.
Wichita's cost of living is 12% lower than the national average, with housing 35% cheaper than the U.S. average. The median household income is $63,072. Redfin reports a median sale price of $235,000 in March 2026. The aerospace and manufacturing industries are major employers.
Memphis's overall cost of living is 11% lower than the national average. Redfin reports a median sale price of $170,000 in February 2026, noting Memphis's median is 51% lower than the national average. Average rents for a one-bedroom are typically in the $800–$950 range. Memphis is a logistics and distribution hub — FedEx is headquartered there.
Tulsa is often viewed as one of the more affordable cities in the South-Central United States, with housing costs remaining below those in many larger U.S. metros. The city gained national attention through the Tulsa Remote program. Energy, healthcare, and finance continue to be important industries in the local economy.
Knoxville's cost of living is 14% lower than the national average. The city combines lower overall costs with access to universities, healthcare systems, and outdoor recreation in the Appalachian region. Redfin reports a median sale price of $307,000 in March 2026.
Birmingham is frequently recognized as one of the more affordable cities in the Southeast. Healthcare remains one of the city's largest industries, particularly because of the University of Alabama at Birmingham and its medical network. Housing prices and rental costs may remain lower than those found in many larger Southern metropolitan areas.
Indianapolis is often categorized as a lower-cost mid-sized city. The city has continued expanding in sectors such as logistics, healthcare, and technology, while maintaining housing prices that are often lower than those in coastal metropolitan areas. Indianapolis also has a growing Latino community and multiple immigrant support organizations.
Brownsville is often highlighted for its affordability and strong connection to Latin American culture. Located within the U.S.-Mexico border, the city has one of the largest Spanish-speaking populations in the country (94% Hispanic), which may make everyday life more accessible for recent immigrants and bilingual families.
| State | 1BR FMR / Avg. Rent | vs. National 1BR FMR (~$1,393) | Cost of Living Index |
|---|---|---|---|
| West Virginia | $801 (FMR) | ~42% less | 83.2–86.6 |
| Arkansas | $811 (FMR) | ~42% less | 87.6 |
| Mississippi | $910 (FMR) | ~35% less | 83.3 |
| Oklahoma | ~$850–$875 (market) | ~37–39% less | 85.5–88.8 |
| Kansas | $885 (FMR) | ~36% less | 89.0 |
| Iowa | $839 (FMR) | ~40% less | 90.4 |
| Wyoming | $836 (FMR) | ~40% less | 92.3 |
| Alabama | $905 (FMR) | ~35% less | 89.3 |
| Indiana | ~$900–$950 (market) | ~32–35% less | 90.1 |
| Ohio | ~$950–$1,000 (market) | ~28–32% less | 91.2 |
1BR FMR = HUD Fair Market Rent FY2025. National 1BR FMR baseline: $1,393. Market-rate averages from PropertyCEO. Cost of Living Index from costoflivingbystate.com (C2ER Q1 2026). All figures are estimates and may vary by city, unit type, and data provider.
An affordable city may look attractive on paper, but the best option can still vary depending on your personal situation, work opportunities, and long-term goals.
Family budget:
For most households, housing remains the largest monthly expense. Neighborhood-level costs may vary significantly within the same city.
Community and support networks:
For many immigrants, having access to a strong community network can make the transition to a new city easier. Cities with established Latino communities may offer more Spanish-speaking services, cultural organizations, churches, restaurants, and local businesses.
Job availability:
A lower cost of living may not always translate into greater financial stability if local salaries and job opportunities are limited. For remote workers, choosing a lower-cost city may also provide more flexibility.
Access to services and education:
Before moving, it may help to consider commute times, fuel costs, access to public transit, and proximity to schools, grocery stores, and healthcare services.
Choosing an affordable city is only one part of building a stable life in the United States. Común offers a debit account that can be opened with more than 100 valid Latin American IDs. The app and services are available in Spanish and users can conveniently send money from their phone to 10+ countries in Latin America. Visit comun.app to learn more.
Based on 2026 cost-of-living data, Cleveland, OH and Detroit, MI rank among the cheapest large cities in the United States, with cost-of-living indexes well below the national average.
The most affordable housing markets in 2026 tend to be in the Midwest and South, particularly in Ohio, Michigan, Tennessee, Alabama, and Oklahoma.
Indianapolis, IN and Knoxville, TN are frequently cited for combining affordability with strong job markets.
Start with the three largest expenses: housing, transportation, and food. Use tools like the C2ER Cost of Living Index or Numbeo's city comparison tool to compare cities side by side.
Brownsville, TX has a 94% Hispanic population and a cost of living approximately 12–16% below the national average. Toledo, OH, Cleveland, and Indianapolis also have established Latino communities and Spanish-language services.

Financial Education
8 min de lectura
Cashback is a rewards system that gives you back a percentage of the money you spend on eligible purchases. In simple terms, when you buy something using certain credit cards, debit cards, apps, or rewards programs, you may get a percentage of your money back on purchases, though it is usually credited to your account rather than handed over as physical cash.
If you recently moved to the United States or are learning how the financial system works, you may have heard the term 'cashback' while shopping at places like Walmart, Target, gas stations, supermarkets, or online stores.
For many people, cashback can become a practical tool to manage everyday expenses such as groceries, transportation, gas, and household purchases. While the amounts may seem small at first, they can add up over time when used consistently and responsibly.
Cashback is a type of financial reward that returns a percentage of your purchase after you spend money with a participating payment method or rewards platform.
For example:
Unlike traditional discounts, cashback usually happens after the purchase is completed. The Consumer Financial Protection Bureau (CFPB) explains that cashback rewards are commonly offered through credit cards and loyalty programs as an incentive for spending.
Cashback programs generally follow a simple process:
The reward may appear as:
Some cashback rewards appear within a few days, while others may take an entire billing cycle or longer to process. There are often minimum redemption thresholds before you can claim your cashback. Certain programs may include expiration dates. It is also important to understand that not every purchase qualifies for cashback.
While cashback and traditional discounts can both help consumers save money, they work in different ways. A traditional discount lowers the price immediately at checkout, while cashback returns part of the money after the purchase has already been completed.
| Cashback | Traditional Discount |
|---|---|
| Money is returned after the purchase | Price is reduced before purchase |
| Usually linked to cards, apps, or loyalty programs | Usually available directly in-store |
| Rewards may take days or weeks to process | Savings are immediate |
| May help track expenses digitally | Does not usually include tracking tools |
| Often limited to eligible categories or stores | Depends on store promotions |
Not all cashback programs work the same way. Before signing up for a cashback program, it is important to review details such as annual fees, interest rates, minimum redemption, expiration policies, and spending categories.
This type gives the same cashback percentage on all purchases. Example: 1.5% cashback on everything you buy. This structure is simple because you do not need to track categories or rotating offers.
Some cards or apps offer higher cashback percentages in specific categories such as supermarkets, restaurants, gas stations, or streaming subscriptions. For example: 3% on groceries, 2% on gas, 1% on all other purchases.
Some providers change cashback categories every few months. One quarter may focus on gas stations and grocery stores; another may include online shopping and travel purchases. These programs sometimes require manual activation each quarter.
Certain credit cards offer introductory cashback bonuses if you spend a minimum amount during the first months after opening the account. For example: spend $500 in the first 3 months and receive $150 cashback bonus. The Federal Trade Commission recommends reviewing terms carefully before applying for financial products with promotional offers.
Credit cards:
Many credit cards in the U.S. include cashback rewards. Some examples include products from Discover, Chase, Capital One, and American Express. Some cards focus on categories like dining or travel, while others offer flat-rate cashback.
Debit cards:
Some financial institutions offer cashback debit cards, although rewards are usually smaller than those offered by credit cards. This may appeal to people who prefer avoiding debt or credit card interest.
Cashback apps:
Several mobile apps partner with retailers and offer cashback rewards for purchases. Examples include Rakuten, Ibotta, Upside, and Honey. These apps may provide cashback for grocery shopping, online purchases, gas stations, and restaurants.
Store loyalty programs:
Retailers sometimes offer cashback or store rewards through membership programs. For example, supermarkets, pharmacies, and warehouse stores may return store credit or savings points after purchases.
Although they are often grouped together under the category of 'rewards,' each one works differently and can be useful depending on a person's spending habits, financial goals, and lifestyle.
Cashback programs generally return a percentage of the money spent on eligible purchases. Points systems usually assign a numerical value to purchases that can later be redeemed for products, gift cards, discounts, or services. Travel miles are typically associated with airlines, hotels, or travel-focused credit cards.
| Cashback | Points | Miles |
|---|---|---|
| Returns money | Rewards system value | Travel-focused rewards |
| Flexible spending | Often redeemed in specific ecosystems | Usually tied to airlines or hotels |
| Reward after spending | Redemption values vary | Best for frequent travelers |
| Common for everyday purchases | May include gift cards or products | Often used for traveling |
For many people, especially those focused on getting some value on their everyday expenses such as groceries, transportation, gas, or household purchases, cashback can feel more useful as the reward is directly connected to money rather than conversion systems or travel programs.
Focus on recurring expenses such as groceries, gas, transportation, and utility bills. This helps you avoid overspending simply to earn rewards.
A cashback offer does not automatically make a purchase worthwhile. For example, spending $200 to earn $4 cashback may not help your finances if the purchase was unnecessary.
Many apps and financial platforms allow you to monitor spending categories, cashback totals, and monthly rewards. Tracking your rewards can help you understand your spending patterns and maintain financial goals.
No. Común does not currently offer cashback programs.
However, Común provides tools and resources that offer guidance for Latin American immigrants navigating the U.S. financial system.
While cashback might be useful for some people, it is important to pay attention to commissions, as savings when commissions are included might not be as strong as initially perceived. When comparing financial tools in the United States, cashback is only one factor to consider. Fees, commissions, account accessibility, and transparency can also affect your financial experience over time.
Común's cost for opening a debit account is $0, same as the $0 minimum balance and $0 monthly commission for the debit account.
Cashback is a rewards system that returns a percentage of your purchases after you spend money using eligible cards, apps, or loyalty programs.
Cashback is usually calculated as a percentage of the purchase amount. For example, if you spend $100 and your cashback rate is 2%, you receive $2 back.
Cashback is commonly available through credit cards, debit cards, shopping apps, and retailer loyalty programs.
Cashback returns money directly, while points are part of rewards systems that may only be redeemed for specific products, gift cards, or services.
No. Común currently does not offer cashback.
In many cases, cashback earned through purchases is generally treated as a rebate rather than taxable income. However, tax treatment may vary depending on how rewards are earned. The IRS recommends consulting a tax professional for specific situations.

International Money Transfers
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.
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.
Today there are more options than ever to send money to Latin America from the U.S. The process is usually very simple:
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.
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.
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.
With so many options available, remittances can be paid with various methods including:
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.
The total cost depends on two main factors:
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.
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.
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.
To choose the best option, you can always consider:
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.
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:
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
*To add a recipient, you’ll need: full name as on their ID, phone number, and—if sending a bank transfer—their bank details.
To make sure your get the best out of your hard-earned money, it is recommended to keep some good practices in mind:
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.
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.

Living in the United States
8 min de lectura
The Social Security number (SSN) has 9 digits and is written in the format of XXX-XX-XXXX (for example 123-45-6789). An SSN is used to track earnings for taxes and benefits, access Social Security benefits, and verify identity for many activities such as applying for jobs, banking, accessing credit, and obtaining government services. It's one of the most sensitive personal identifiers in the U.S. You can find this number on your Social Security card, tax documents, and certain official government records.
Historically, the SSN had meaning in each section. It followed a structure where the first three digits (known as the area number) were originally linked to the location where the SSN was issued. This was followed by the middle two digits (the group number), which had an administrative purpose. The last four digits (the serial number) were unique identifiers.
However, since 2011, these numbers no longer reflect location or order and are assigned using a 'randomization' system. The last four digits are often used for partial identity verification by financial institutions such as banks or credit unions, credit card issuers, government agencies, and healthcare providers.
There's no public tool to fully verify an SSN. You can confirm that it follows the 9-digit format, but official verification is performed through the Social Security Administration.
The SSN is a primary tax and financial identification number in the U.S. It is used across employment, financial, and government systems. Key uses include:
If you are not eligible for a Social Security Number (SSN) but have a U.S. federal tax obligation, you may need to apply for an Individual Taxpayer Identification Number (ITIN). Even though they are both nine digit numbers, they serve different purposes. The SSN is a nine-digit identification number issued to U.S. citizens and certain individuals authorized to work in the U.S. to report wages, access benefits, and establish credit history. An ITIN, on the other hand, is a tax processing number issued by the Internal Revenue Service (IRS) to individuals who are not eligible for an SSN but need to file U.S. tax returns.
Here are some key points to keep in mind:
Both SSNs and ITINs may be accepted by some financial institutions to open checking or savings accounts, subject to each institution's policies.
Policies vary by financial institution, but it may be possible. It can be challenging for newly arrived immigrants to open a bank account without an SSN; however, some institutions offer alternatives.
For example, certain banks may allow in-person account opening using an ITIN. Some community-focused credit unions may accept either an SSN or an ITIN. Other providers, such as Común, may offer digital account opening with more than 100 Latin American IDs.
Results may vary. For a complete list of eligible IDs and application requirements, follow this link to Común's Help Center.
Your SSN is highly sensitive information, and protecting it is important to reduce the risk of identity theft. Here are some general tips:
As a newly arrived immigrant, dealing with documentation can feel overwhelming. However, the good news is that you don't necessarily need to wait for an SSN to begin addressing your banking needs in the United States. Común's app is available in Spanish. Visit comun.app to learn more about account requirements.
Generally no, except in some exceptional cases, as determined by the Social Security Administration.
An SSN is not issued automatically, but can be requested when the birth is registered.
An ITIN has 9 digits, and typically starts with the number 9.
No, an SSN is not required for residency.
No, it's illegal and can result in serious legal consequences.
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Financial Education
8 min de lectura
The bank routing number, or ABA Routing Number, is essential information for making money transfers. It is a 9-digit code used to identify each financial institution in the United States.
This code is so important because it ensures that electronic transactions are carried out correctly and that funds reach the designated bank.
In this article, we offer a complete guide to help you understand what a bank routing number is, what it does, where to find it, and how it is used in everyday electronic financial transactions.
An ABA routing number, or transit routing number, is a unique 9-digit code that serves as an identifier for each financial institution in the United States.
It differs from a bank account number in that an account number is personal, valid for the use of a single user only. By contrast, the routing number is a unique identifier for banks, credit unions, and digital banks.
The primary function of the routing number is to allow financial institutions to precisely identify which bank to send to or receive from during routine operations such as direct deposit of payroll, automatic payments (ACH), and electronic transfers.
It is important to note that this code is different from a bank account number and is not equivalent to the IBAN (International Bank Account Number), which is a set of numbers used especially in Europe to identify international bank accounts and is composed of the country code, check digits (the checksum of the bank account number), and a bank account number.
In the United States, however, the SWIFT/BIC code is used for international money transfers, not the IBAN.
Here are some crucial functions of the bank routing number in digital transactions.
The bank routing number helps prevent errors when identifying a specific bank and processing a transfer from one institution to another, even when they have similar names or many branches across the country.
This code is also indispensable so that ACH systems and wire transfers can send funds to the correct destination, quickly and securely.
The ABA number is also essential for employers to make direct deposits, using that code together with the checking account number, without the need for checks or cash.
To set up automated payments for services such as electricity, water, and online subscriptions, you must provide the bank routing number so the billing system can process the transaction automatically.
This number is also indispensable for transactions involving multiple financial institutions, such as interbank transfers or check clearing.
By now, the importance of the ABA number is clear. But how do you find a bank routing code? Knowing this information is the first step to making transfers correctly.
Likewise, it is essential to understand how to find your bank account number and to tell one number from the other to avoid confusion.
The routing number consists of 9 digits and identifies the bank. The account number has usually 10 to 12 digits and identifies the individual account within the bank.
To find your account number, look at the bottom of a check; it is the series of numbers that follows the routing number. You can also find it at the top of a statement or directly in the mobile application.
It is essential to make sure you have the correct routing number before making a transfer. Therefore, it is advisable to confirm it directly with your financial institution to avoid errors.
Many users ask where to find the routing number on a physical debit card. However, the routing number is not printed on such instrument because it is intended for digital transfers, not for payments at physical merchants.
These are the most common places to find the routing number for your bank or financial institution.
On your checks
Check the lower left corner of your personal or business checks; the routing number is the 9 digits shown there.Another relevant detail is the check number, which is usually at the top.
Mobile application
Another way to find this code is to access your mobile application and go to the transfers or direct deposit information section.
Bank statements
Check your latest bank statement, whether physical or digital; the routing number may appear in a section of that document.
Direct contact with your bank
If you have any doubt about the routing number, you can contact your bank by phone or visit a branch so they can clarify any questions before you make a bank transfer.
Throughout this article, we have learned the importance of both the bank routing number and the bank account number in the U.S. financial system. Both are indispensable for carrying out fast and secure digital transactions.
Being clear about what a bank’s ABA number is not only lets you carry out digital transactions with ease but also gives you financial autonomy to allocate your resources toward the services you need for your well-being.
The U.S. financial system can seem complicated, especially for immigrant communities. That is why Comun seeks to streamline processes and offer transactions without complications.
Open your account today and discover an ally to manage your finances in the United States.
If you have more questions, check our frequently asked questions section.
You can find it on your account statement or by calling the bank directly.
It is the code that identifies each bank and consists of 9 digits.
No. Each bank has a different routing number.
The routing number does not appear on physical cards.
It is found at the bottom of a check and consists of 9 digits.

Financial Education
8 min de lectura
As an immigrant in the United States, you have likely been asked for proof of income to complete a procedure such as obtaining a loan, renting an apartment, or verifying financial solvency and ability to pay.
Such proof is a document that verifies the amount of your income as well as its source.
This time, we explain what proof of income is in the USA, what it is for, how to make an income letter if you are paid in cash, and everything you need to know to handle your procedures in the United States without complications.
Broadly speaking, proof of income is an official or informal verification of how much money a person earns and the sources from which that income comes.
This document is commonly used for both salaried employees and independent or freelance workers.
These are the most common types of documents used to verify income:
This is an official document that serves as a payment receipt and is provided by the employer along with wages for the relevant pay period. It includes both parties’ details, base pay, hours worked, overtime (if applicable), and deductions for taxes.
The tax return is a document a person files annually with the Internal Revenue Service (IRS). It must include income earned, taxes withheld, deductions or credits, and the total tax due or refund.
This is a report issued by a bank or financial institution detailing a customer’s transactions and balances in their bank account over a given period. It serves as an official document to corroborate a person’s solvency as well as other personal data.
Having proof of income is very useful for various procedures in the United States, as well as to access helpful benefits and simplify your life—for example, signing a lease, obtaining a loan, and completing relevant immigration procedures. Proof of income is essential in these processes because it gives the requesting party assurance.
Landlords commonly request proof of income to sign a lease, as it helps ensure tenants can cover the monthly rent without delays.
Banks and other financial institutions usually verify applicants’ income before approving credit, since this reduces the risk of nonpayment or delinquency.
Immigration procedures—such as obtaining permanent residence—and other social security benefits also require proof of income. This is a measure implemented by the U.S. government to ensure applicants will not become a public charge.
Whether you have formal employment or are self-employed, there are several documents you can use as proof of income.
If you have a formal job, obtaining proof of income will be easier. As noted, you can present a pay stub, bank statement, or an employer letter.
If you are self-employed, verifying income may be a bit more challenging than for formal employees. In this case, you can present your annual tax return and bank statements.
If none of these options are available, you can draft an income letter, which should include the following information.
If you receive your pay in cash, you can generate formal proof of income.
The first option is to create a signed income letter. You can also keep an income log in a spreadsheet. To make the process easier, it is advisable to seek support from an accountant.
Fortunately, drafting an income-verification letter is not complicated, since it can be adapted to your work situation—even if you are paid in cash.
It is also a simple path for immigrants because it lets them use day-to-day documents.
Follow these steps to draft your income letter.
Any document that can help verify your income, even if it is not strictly a pay stub—such as a bank statement, fee receipts, invoices, etc.
Don’t forget to include your average income and signature.
It is very important to include your full name, address, and the dates that the declared income covers.
An accountant will help you formalize your letter and gain better control of your personal finances and tax obligations.
I, (full name), residing at (address), declare under penalty of perjury that I work as an independent contractor in the field of (description), with an average monthly income of (amount).
Copy this text and create your letter easily.
As you can see, proof of income is a formal document to verify a person’s income level as well as their ability to pay and financial solvency. You can use several documents for this purpose, such as a pay stub, annual tax return, and bank statement from traditional banks.
Común is the financial platform that can also help you record and organize your income, and generate account statements that can serve as valid proof in many situations.
It also offers a more accessible way to complete procedures through an easy-to-use mobile app available in Spanish, where you can quickly open an account using qualifying official identification from your country of origin.
Discover Común, a convenient financial option for those seeking simple and accessible solutions.
If you still have questions, consult our FAQs.
You can draft an income letter including your personal data, a description of your activity, average income, and signature.
Proof-of-income documents from your country can be accepted in the United States as long as they are official; in some cases, a certified translation may be required.
The most widely accepted proof-of-income documents are pay stubs, tax returns, and bank statements.

Checking account
8 min de lectura
For immigrants in the United States, having a banking account has become a basic necessity to carry out all types of daily tasks, such as shopping in physical and online stores, receiving wages, sending transfers and remittances, opening a savings account, among other things.
Despite the importance that a banking account has for immigrants and U.S. citizens, there are still factors that hinder the immigrant community’s access to banking, such as high fees and required documentation.
According to FDIC data, among vulnerable groups without banking accounts (unbanked), Hispanics make up 9.5%. This shows a gap that disadvantages a significant portion of the population.
Access to financial services is an increasingly attainable right for immigrants in the U.S. In this article, we will explain step by step what is required to open an account at a bank and on digital platforms, as well as the advantages of these solutions.

It is true that financial services make users’ lives easier and, in some way, improve their quality of life. But, what is needed to open a banking account in the United States?
Opening a bank account, whether a checking account or another type, requires meeting a series of requirements and presenting documentation, which may vary depending on the financial institution.
Some of the difficulties immigrants face when opening a banking account are not having an SSN (Social Security Number) or tax documentation, as well as the lack of information in Spanish.
Fortunately, beyond traditional banks, there are currently alternative solutions such as Común, a financial platform dedicated to meeting the needs of people who seek accessible and efficient services.
In general, these are the most common required documents to access a banking account in the United States.
This is the most common requirement for opening an account. It is an identifier for people who reside and work legally in the United States, and it is required for banks to carry out the identity verification process.
The ITIN is an alternative for people who do not qualify for the SSN, since some financial institutions accept it instead.
For this requirement, it is possible to present a passport, a driver’s license, a government-issued ID, or a consular ID card. Any of these documents must be valid and show both name and photograph.
To prove your residence in the United States, you can present utility bills, such as electricity, or even a digital account statement.
The number of requirements requested by traditional institutions tends to make access to banking difficult, especially for immigrants without the previously listed documentation.
If you are looking for a practical and simpler solution than traditional banking services, you can turn to options like Común, the platform that streamlines processes and offers fair financial services for everyone.
Access to these services is possible with official, qualified foreign documentation, which helps reduce the gap in access to banking for immigrants.
In general, traditional banks request the SSN or ITIN, so a convenient option is to choose a digital platform with more flexible requirements but with the same quality and seriousness in their processes.
Común is a platform that makes immigrants’ lives easier in the United States, as it allows you to open an account with official, qualified documentation from your country of origin and simplifies the sign-up process without complicated paperwork.
You only need a mobile device compatible with Android or iOS to download the application, where you will create your profile and enter your information.
Then, carry out the identity verification with your official ID from your country of origin. To do this, you will need to take a picture of it and possibly take a selfie.
Once you provide the necessary documentation, you will have access to a debit card to make purchases at various establishments and will be able to make transfers and receive payments.
For immigrants, it is essential to have services that allow them to send remittances to their countries of origin, so you can also use this benefit, in addition to making direct deposits in physical stores near you.
There are alternatives with more flexible account opening options, such as Bank of America, which accepts the ITIN in case you do not have an SSN. However, the processes tend to be longer and slower compared to other digital platforms, which facilitate the sign-up process by offering greater feasibility in their requirements.
Bank of America supports the opening of banking accounts in the United States for immigrants, because it allows opening an account with a valid passport or ITIN. However, it is necessary to go in person to a branch to complete the process.
Común is a digital platform that allows opening an account with more than 100 foreign IDs or with a valid passport, which makes it easier to obtain an account for immigrants and send remittances to Latin America for an affordable fee; in addition to making cash deposits at more than 100 stores.
Wells Fargo also accepts a passport as the main ID, but may request an additional identification, such as a credit card or student ID.
Wise is a fintech that offers digital accounts in different currencies. It is possible to access its services with a passport, ITIN, or SSN.
Revolut is another alternative for non-citizens in the United States, since it accepts a passport as identification; among other options, such as a driver’s license or national ID.
Although the requirements to open an account may make it seem like an inaccessible process for many immigrants in the U.S., fortunately, there are also more accessible options.
If you are looking for a clear, reliable alternative available in Spanish, it is time to change your relationship with finances through Común: a service that truly understands your needs.
Forget about minimum deposits or monthly charges
Access a mobile app available in Spanish with a user-friendly interface
Send money to your home country for a fee starting at $2.99, up to the applicable limits
Deposit cash at a network of establishments near you
It has 24/7 customer support available in Spanish
Remember that Común offers you a service available in Spanish with simple processes. Open your account today and start using a service designed for you!

International Money Transfers
8 min de lectura
In most cases, the total cost depends on three factors: the transfer fee, the exchange rate, and any charges applied to the recipient of the money. The truth is that the final cost can range from a few dollars to something more significant as it is impacted by the service fee, delivery method, and speed.
Remittances have become so important to the Mexican economy that Mexico remains the world's second-largest recipient of remittances, behind only India. According to BBVA Research, Mexico received $61.8 billion USD in remittances in 2025, representing 3.4% of the country's GDP. Today, there are dozens of apps and money transfer services available for sending money from the United States to Mexico. Some focus on speed, others on cash pickup access, and some prioritize lower overall costs.
In this guide, we'll break down what actually affects the cost of a transfer, compare popular services, and explain how to find the option that works best for you and your family.
One very important aspect to consider is the amount allowed by money transfer apps, as well as any restrictions included 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 that determine transfer limits and guidelines for international money transfers.
For example, these are some of well known providers that offer money transfers to Mexico and their respective limits:
If you are looking for a straightforward way to send money to Mexico, Común can be an excellent alternative. New users can enjoy the first money transfer free and then pay a fee starting at 2.99 USD per transfer, up to applicable limits.
There are several ways to send money from the United States to Mexico, whether through traditional banks or specialized international money transfer services. These are the main options to do it:
One of the most common ways to send money is through wire transfers from one traditional bank to another. The advantage of this method is that it can be secure because it is backed by official financial institutions. However, transfers can take longer and involve higher fees.
To send funds this way, you must have a U.S. bank account and use the recipient's SWIFT code.
The transfer cost depends on the receiving bank in Mexico. For example:
These fees apply regardless of the amount sent, therefore it is important to confirm the fees with each bank.
Another option, which may be more accessible for people without a bank account, is sending cash that can be picked up at different locations across Mexico.
To send cash, it is common to visit a physical location of the provider that offers this service, such as a Western Union office. Once there, you pay the amount you want to send plus the assigned fee. To collect the funds, your family members must present a valid government ID at one of the participating locations, such as Oxxo, Banco Azteca, Walmart, or others. However, many service providers such as Western Union also have digital offers.
Although this can be a convenient alternative for people who mainly manage cash, it may also come with potential drawbacks, such as fees that vary depending on the amount sent and exchange rates that might be less competitive compared to some digital transfer services.
Another option for sending money to Mexico is through apps and digital platforms that specialize in international money transfers, such as Wise, Félix Pago, Ria Money Transfer, and Común. Many of these services are available on both iOS and Android and may offer lower costs compared to some cash transfers or traditional bank wires, depending on the provider and delivery method. Some platforms focus mainly on money transfers, while others may also include additional financial features, such as a debit card or access to a U.S. bank account.
To access these services, you must create an account on the provider's website or app. In addition, some apps require identity verification using personal information such as your SSN (Social Security Number) or ITIN.
You can send money directly through the provider's app or, in some cases, even through WhatsApp, and choose the preferred delivery method. Some services also offer cash pickup options for recipients. For example, Común accepts more than 100 Latin American IDs for account verification, it allows you to send money through the app or via WhatsApp, and offers cash pickup options across Mexico.
Before choosing an app to send money to Mexico, we recommend comparing the most popular options and evaluating which one best fits your needs and those of your family.
There are many apps available for sending money from the United States to Mexico, but costs, delivery speeds, and exchange rates can vary depending on the provider and transfer method. Comparing multiple options can help you find the service that best fits your needs.
| Service | Payment Options | Fee | Delivery Options | Exchange Rate | MXN per 1,000 USD | Speed |
|---|---|---|---|---|---|---|
| Común | Bank account, debit card, cash | Starting at 2.99 USD | Bank account or cash pickup | Competitive | ~17,000 MXN | Minutes to hours |
| Western Union | Bank, cash, card | Varies depending on amount | Bank, cash, wallet | Exchange rate with spread applied | ~16,920 MXN | Minutes to days |
| Félix Pago | WhatsApp, cash, card | $2.99 USD for bank account and $4.98 USD for cash pickup transfers | Bank account and cash | Competitive | ~17,000 MXN | Instant |
| Ria Money Transfer | Bank account (ACH), debit card, credit card, cash | Starting at $0.99; free for bank transfers up to $15,000 | Bank account, cash pickup, mobile wallet | Exchange rate with spread applied | ~16,900–17,000 MXN | Minutes to days |
| MoneyGram | Bank account, debit card, credit card, cash (at agent) | Free for bank transfers up to $10,000; $49.99 for $10,001–$15,000; $5+ for cash sends | Bank account, debit card, mobile wallet, cash pickup | Exchange rate with spread applied | ~16,800–16,950 MXN | Minutes to hours |
The amount received in MXN for every 1,000 USD can change throughout the day due to fluctuations in exchange rates, provider fees, and delivery methods. The rates shown here are for illustrative purposes only and may not reflect the exact amount available at the time of your transfer. Before sending money, it may be helpful to compare the current exchange rate and total transfer cost across providers. Común's comparison tool can help you check and compare available rates in real time.
When comparing money transfer services, many people focus only on the advertised transfer fee. But the real cost of sending money to Mexico usually depends on three different factors:
Understanding these costs can help you compare services more accurately and avoid situations where your family receives less money than expected.
The transfer fee is the most visible cost. This is the amount the provider charges to process the transaction.
Some services charge a flat fee per transfer, while others adjust the fee depending on the amount sent, the payment method, or how quickly you want the money delivered. In some cases, companies may offer promotional pricing or even a free first transfer for eligible users.
Although low fees can help reduce costs, they may not always result in the lowest overall transfer cost once exchange rates and other charges are taken into account.
The exchange rate spread is one of the most important and often least visible parts of the total cost.
Some service providers do not use the exact market exchange rate you find on Google or financial websites. Instead, they add a margin, also known as a "spread," when converting USD to MXN.
This means that even a small difference in the exchange rate can significantly reduce the amount your recipient receives in pesos, especially on larger transfers.
A service with a slightly higher transfer fee but a more competitive exchange rate may actually deliver more money to your family in Mexico.
In some cases, additional costs may appear after the transfer is sent. Depending on the provider and delivery method, the recipient could face charges for cash pickup, ATM withdrawals, bank processing, or currency conversion. Some banks and pickup locations may also apply their own service fees.
These extra costs are important because they directly affect the final amount your recipient can actually use.
The best way to compare money transfer services is to look at the total outcome: how much you pay, how much your recipient receives, and how long the transfer takes.
If possible, it is recommended that before sending money, you review the transfer fee, compare the exchange rate, and check whether there are any recipient-side charges. Small differences across these three factors can add up quickly over time.
To compare real-time transfer costs, exchange rates, and delivery options, you can use tools like Común's compara before making your transfer.
With Común you can send money to your family and friends in Mexico directly from Común's mobile app without leaving your home.
You can follow these steps:
Transfer fees start at 2.99 USD per transaction, up to applicable limits.
Today, there are more options than ever for sending money from the United States to Mexico. Whether you prefer the familiarity of a traditional bank, the convenience of cash pickup, or the flexibility of a digital platform, the right choice will depend on your own situation.
Comparing fees, exchange rates, delivery methods, and transfer times may help you find an option that better fits your needs and the way your family prefers to receive money.
With Común you can open an account using more than 100 Latin American IDs, send money from the comfort of your phone and access multiple delivery methods across Mexico.

Financial Education
8 min de lectura
En el mundo financiero, la elección de una cuenta bancaria adecuada puede marcar una gran diferencia en tu vida económica. En este artículo, te guiaremos a través de los diferentes tipos de cuentas bancarias disponibles en Estados Unidos y te ayudaremos a elegir la mejor opción para tus necesidades.
Una cuenta bancaria es un tipo de producto financiero que actúa como acuerdo financiero entre un banco y un cliente, que permite al cliente depositar y retirar dinero. Además, ofrece servicios adicionales como la emisión de cheques, transferencias bancarias, pagos con tarjeta de débito, recibir depósitos directos, entre otros. La elección de la cuenta bancaria correcta es esencial para gestionar eficientemente tus finanzas y alcanzar tus metas económicas.
Existen varios tipos de cuentas bancarias, cada una con sus propias características, ventajas y desventajas. A continuación, exploraremos dos de las más comunes: las cuentas de ahorros y las cuentas corrientes:
Una cuenta corriente, también conocida como cuenta de cheques, es un tipo de cuenta bancaria que se utiliza principalmente para transacciones diarias. A diferencia de las cuentas de ahorros, las cuentas corrientes te permiten realizar un número ilimitado de depósitos y retiros, lo que las hace ideales para el manejo diario de tu dinero.
Las cuentas corrientes son ofrecidas por casi todos los bancos y cooperativas de crédito en Estados Unidos, y cada una tiene sus propias características y beneficios. Una de las principales ventajas de las cuentas corrientes es su flexibilidad. Puedes depositar y retirar dinero tantas veces como quieras, y también puedes realizar transacciones básicas como pagar facturas, emitir cheques y realizar compras con una tarjeta de débito. Además, muchas cuentas corrientes ofrecen servicios adicionales como la protección contra sobregiros, alertas de cuenta y acceso a la banca en línea y móvil.
Sin embargo, a diferencia de las cuentas de ahorros, las cuentas corrientes suelen tener tasas de interés más bajas o incluso nulas, lo que significa que tu dinero no crecerá con el tiempo. Además, algunas cuentas corrientes pueden tener cuotas mensuales de servicio, aunque a menudo puedes evitar estas cuotas si cumples con ciertos requisitos, como mantener un saldo mínimo o realizar un número específico de transacciones cada mes.
Por ejemplo, Chase Bank ofrece la cuenta Chase Total Checking y Citi Bank ofrece la cuenta Citi Basic Banking Package, que incluyen acceso a miles de cajeros automáticos, servicio de banca en línea y móvil. Sin embargo, como muchos de los otros bancos tradicionales, cobran una cuota mensual de servicio de entre $8 a 12 al menos que cumples con ciertos requisitos de balance promedio mensual o un monto mínimo depositado por medio de depósitos directos mensualmente.
En contraste, Común, la banca online en Estados Unidos, ofrecemos una cuenta corriente o cuenta de cheques con cero costos ocultos. A diferencia de bancos tradicionales, la cuenta bancaria que ofrece Común requiere un depósito mínimo de $0, requiere $0 de cuotas mensuales, transacciones ilimitadas, y muchos beneficios más ideales.
En resumen, aunque las cuentas corrientes pueden no ser la mejor opción para ahorrar dinero, son una herramienta esencial para el manejo diario de tus finanzas. Al elegir una cuenta corriente, es importante considerar tus hábitos bancarios y buscar una cuenta que se adapte a tus necesidades.
Una cuenta de ahorros es un tipo de cuenta bancaria que se ha diseñado específicamente para fomentar el hábito del ahorro entre los usuarios. Su principal objetivo es ayudarte a guardar dinero de manera segura mientras generas intereses sobre tu saldo.
Las cuentas de ahorros son ofrecidas por la mayoría de los bancos y cooperativas de crédito en Estados Unidos, y cada una tiene sus propias características y beneficios. Por ejemplo, el Bank of America ofrece la cuenta de ahorros Advantage Savings que incluye una tasa de interés competitiva y la posibilidad de evitar la cuota mensual de mantenimiento si cumples con ciertos requisitos. Por otro lado, Wells Fargo ofrece la cuenta Way2Save Savings, que facilita el ahorro al transferir automáticamente $1 de tu cuenta de cheques a tu cuenta de ahorros cada vez que realizas una transacción.
Una de las principales ventajas de las cuentas de ahorros es que tu dinero no solo está seguro, sino que también crece con el tiempo gracias a las tasas de interés. Estas tasas varían dependiendo del banco y del tipo de cuenta, pero en general, te permiten ganar un pequeño porcentaje de tu saldo total cada año. Además, las cuentas de ahorros están aseguradas por la Corporación Federal de Seguro de Depósitos (FDIC) hasta $250,000, lo que significa que tu dinero está protegido incluso si el banco quiebra.
Sin embargo, las cuentas de ahorros también tienen algunas limitaciones. Una de las más notables es la restricción en el número de ciertos tipos de transacciones que puedes realizar cada mes. Según la Regulación D de la Reserva Federal, solo puedes realizar hasta seis "transacciones convenientes" por mes, que incluyen transferencias y pagos electrónicos, débitos automáticos, cheques y pagos de tarjetas de débito. Si excedes este límite, el banco puede cobrarte una tarifa o convertir tu cuenta de ahorros en una cuenta corriente.
Además, aunque las cuentas de ahorros son una excelente manera de guardar dinero, no son la mejor opción si necesitas acceso frecuente a tus fondos. Para transacciones diarias y acceso fácil a tu dinero, una cuenta corriente podría ser más adecuada.
Además de las cuentas de ahorros y corrientes, existen otros tipos de cuentas bancarias diseñadas para necesidades específicas.
Las cuentas de bajo riesgo son cuentas bancarias que ofrecen servicios básicos a un costo mínimo, ideales para personas que buscan evitar cargos bancarios elevados. Por otro lado, las cuentas de segunda oportunidad están diseñadas para personas que han tenido problemas con sus cuentas bancarias en el pasado y buscan una nueva oportunidad para manejar sus finanzas.
Las cuentas de nómina son cuentas bancarias en las que tu empleador deposita directamente tu salario, mientras que las cuentas de mercado monetario son cuentas de ahorro con características de inversión que ofrecen tasas de interés competitivas a cambio de mantener un saldo mínimo más alto.
La elección de la cuenta bancaria adecuada depende en gran medida de tus necesidades y objetivos financieros. Por ejemplo, si tu objetivo es ahorrar dinero, una cuenta de ahorros podría ser la mejor opción. Por otro lado, si necesitas realizar muchas transacciones diarias, una cuenta corriente podría ser más adecuada.
Algunos factores a considerar al elegir una cuenta bancaria incluyen las tasas de interés, los cargos bancarios, los requisitos de saldo mínimo, los servicios y características adicionales, y la reputación del banco.
Para abrir una cuenta en Estados Unidos, generalmente necesitarás proporcionar información personal, como tu nombre, dirección, fecha de nacimiento y número de Seguro Social. También es posible que debas proporcionar una identificación con foto emitida por el gobierno y hacer un depósito inicial.
En Común, los pasos y requisitos para abrir una cuenta son los siguientes:
Te recomendamos que al abrir tu cuenta con Común, le hagas tu primer depósito para empezar a utilizar tu tarjeta de débito. Puedes hacerlo de distintas formas:
Elegir la cuenta bancaria adecuada es un paso crucial para manejar eficientemente tus finanzas. Esperamos que esta guía te haya ayudado a entender mejor los diferentes tipos de cuentas bancarias disponibles y a tomar una decisión informada. Recuerda, la mejor cuenta bancaria para ti es la que se adapta a tus necesidades y objetivos financieros.
Si buscas abrir una cuenta corriente y obtener una tarjeta de débito, ¿qué esperas para hacerlo con Común?

Instant payments
8 min de lectura
La red de Pagos en Tiempo Real (RTP) es una infraestructura financiera avanzada diseñada para facilitar las transferencias de dinero instantáneas en tiempo real. Introducida por The Clearing House en 2017, la red RTP permite la transferencia inmediata de fondos entre instituciones financieras participantes. Este sistema opera las 24 horas del día, los 365 días del año, lo que garantiza que las transacciones puedan realizarse en cualquier momento, incluidos fines de semana y días festivos.
Las características clave de la red RTP incluyen:
La red RTP está diseñada para admitir una variedad de tipos de pago, incluidos los pagos de persona a persona (P2P), de empresa a empresa (B2B) y de empresa a consumidor (B2C), lo que la convierte en una herramienta versátil para las operaciones financieras modernas.
Los pagos en tiempo real revolucionan la experiencia bancaria tradicional al permitir transferencias de dinero instantáneas. Esta eficiencia es posible gracias a la tecnología avanzada y los protocolos de comunicación seguros. A continuación, se presenta un análisis detallado de cómo funcionan los pagos en tiempo real.
La mecánica de los pagos en tiempo real implica varios pasos clave, que garantizan tanto la velocidad como la seguridad:
Iniciación del Pago
Validación y Autenticación
Transmisión del Pago
Procesamiento del Banco Receptor
Confirmación en Tiempo Real
Abre tu cuenta corriente¹ en 3 minutos con la ID de tu país²
El funcionamiento fluido de los pagos en tiempo real depende de una infraestructura técnica robusta. Los componentes clave incluyen:
Garantizar la seguridad de los pagos en tiempo real es fundamental. Se implementan varias capas de seguridad para proteger las transacciones:
Los pagos en tiempo real se utilizan en diversos escenarios, mejorando la eficiencia de las transacciones financieras en diferentes sectores:
Los beneficios de los pagos en tiempo real son multifacéticos y ofrecen ventajas significativas sobre los métodos de pago tradicionales:
Los pagos en tiempo real representan un avance significativo en la industria financiera, ofreciendo una forma fluida, segura y eficiente de transferir fondos. A medida que la adopción de los sistemas de pago en tiempo real continúa creciendo, los beneficios serán cada vez más generalizados, transformando la forma en que manejamos las transacciones financieras.
Los pagos en tiempo real (RTP) ofrecen una ventaja distintiva sobre los métodos de pago tradicionales al proporcionar un procesamiento de transacciones inmediato y disponibilidad de fondos. Para comprender el alcance completo de los beneficios de los RTP, es útil compararlos con otros tipos de pago comunes: transferencias de la Cámara de Compensación Automatizada (ACH) y Pagos Inmediatos.
Las transferencias de la Cámara de Compensación Automatizada (ACH) han sido un pilar en las transacciones financieras durante décadas. Sin embargo, los RTP ofrecen varias mejoras que los convierten en una opción superior en muchos escenarios. Aquí hay una comparación:
Los pagos inmediatos, como los facilitados por redes de tarjetas de crédito o ciertos servicios de pago digital, también ofrecen tiempos de procesamiento rápidos. Así es como se comparan con RTP:
Al comprender estas comparaciones, queda claro que los RTP aportan un nivel de eficiencia, conveniencia y seguridad que los métodos de pago tradicionales no pueden igualar. Como resultado, los RTP están ganando popularidad tanto para transacciones financieras personales como comerciales.
Aprende mas sobre los diferentes tipos de transferencias bancarias
Además de los canales bancarios tradicionales, las aplicaciones de transferencia instantánea han surgido como herramientas populares para facilitar las transferencias de dinero en tiempo real. Estas aplicaciones aprovechan la red de Pagos en Tiempo Real (RTP) y otras tecnologías de pago en tiempo real para proporcionar a los usuarios formas rápidas y convenientes de enviar y recibir fondos. Exploremos algunas de las aplicaciones de transferencia instantánea más utilizadas y cómo funcionan.
Estas aplicaciones han hecho que las transferencias instantáneas sean accesibles a un público más amplio, simplificando el proceso de enviar y recibir dinero.
Las transferencias de dinero en tiempo real, facilitadas por la red RTP y aplicaciones de transferencia instantánea como Venmo, Zelle y Común, ofrecen una velocidad, conveniencia y seguridad incomparables en las transacciones financieras. Con la disponibilidad inmediata de fondos, operación las 24 horas del día y interfaces fáciles de usar, estas tecnologías están transformando la forma en que gestionamos nuestras finanzas. Adoptar las transferencias en tiempo real abre nuevas posibilidades para interacciones financieras eficientes e inclusivas, empoderando a individuos y empresas en todo el mundo.
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Immigration
8 min de lectura
The Social Security Number is one of the most important identifiers in the U.S. It is required for seeking to access benefits such as access to employment, tax filing, and financial services, among others.
If you have newly arrived in the U.S., you likely have questions about how to handle certain procedures. Therefore, we will explain what the SSN is, what it is for, how to apply for it, how much it costs, and what the benefits are of having this identifier.
The Social Security Number (SSN) is a series of 9 digits issued by the Social Security Administration (SSA, or Administración del Seguro Social in Spanish). It is issued to citizens, permanent residents, and eligible temporary residents, in accordance with their immigration status.
Its main function is to serve as a unique identification number that allows the government to track specific data for each person, such as their income, financial information, and employment history. This makes it possible to determine, in each particular case, eligibility to access Social Security benefits such as retirement, disability, among others.
In addition to facilitating access to these benefits, the Social Security card serves as official identification for employment onboarding, driver’s licenses (in some states), and opening bank accounts.
An important point about the Social Security Number in the U.S. is that there are three different types:
In the case of lawful permanent residents, it is necessary to obtain a Green Card or a visa with valid work authorization issued by the Department of Homeland Security (DHS), such as H-1B or L-1.
The process of obtaining the SSN varies depending on immigration characteristics. If you requested the SSN during your visa processing—through the “Application for Immigrant Visa and Alien Registration” form or the DS-260 electronic format, “Immigrant Visa Electronic Application”—DHS will contact the Social Security Administration directly to carry out the process.
If you did not request the SSN during your visa process, the first thing you should do is gather the following documentation:
Once you have gathered the documentation, follow these steps:
If your Social Security card is lost, it is important to take security measures immediately to avoid identity theft, fraud, or misuse of your personal data.
Report the theft or loss of this document to the police and then file a complaint with the Federal Trade Commission (FTC).
Afterwards, go to the Social Security Administration, complete the SS-5 form again, and bring the corresponding documents for replacement of the card.
Avoid carrying the card with you unless necessary and keep it in a safe place. Generally, you do not need to present your physical card but rather the number, which does not change even if you replace the card.
If you are still wondering what the SSN is for, you should know that this document provides multiple benefits of different kinds, such as the following:
For permanent residents, the greatest benefit of the SSN is that it grants work authorization, enables income tracking, as well as the payment of taxes and legal obligations. Presenting this document is an indispensable requirement during formal hiring processes in the United States.
The SSN is also typically required to apply for loans and credit from banks and financial institutions in the United States; in this way you can access assets such as real estate, a car, or other types of services.
Accessing financial services is essential for immigrant workers in the United States, whether to receive wages or send money to their countries of origin. Generally, the SSN is a requirement to access a bank account and credit and debit cards, among other services.
There are other benefits available, such as unemployment insurance in the event of dismissal, and access to retirement and Medicare starting at age 65, for eligible permanent residents.
The SSN functions as the taxpayer’s personal identification number, which makes it easier to file tax returns and report income and expenses. Another alternative for residents who do not have an SSN is the ITIN, issued by the Internal Revenue Service (IRS), which serves to fulfill tax obligations and grants other benefits.
In short, the Social Security Number—beyond being an administrative procedure—facilitates economic and social integration in the United States because it serves to track income and expenses and facilitates access to basic rights such as work, health, and banking, which are essential for integrating into society.
It is important to clarify that the Social Security card process does not involve any cost, whether you do it for the first time or as a replacement due to theft or loss.
Stay alert to potential fraud and avoid making payments to unauthorized third parties. If you have any doubts, go directly to your local Social Security office and report any suspicious activity.
Read more: Don’t miss our guide to investment basics for immigrants
As you can see, the SSN is highly relevant to establishing a stable life in the United States because it facilitates access to work, health services, and financial products that are essential for carrying out daily tasks such as payments and money transfers.
Comun is a financial platform designed to make life easier for immigrants in the United States by facilitating their integration into the financial system from day one.
With Comun, discover the most accessible way to manage your finances for everyday life in the United States.
If you still have questions, consult our Frequently Asked Questions section.
Report immediately at IdentityTheft.gov and place a fraud alert.
Up to 3 times per year and a maximum of 10 times in your lifetime.
Comun allows you to open an account with official ID from your country.







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.