Unmatched Ease of Opening an Account

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

Mobile Deposit Options

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

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

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

International Remittances

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

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

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

Advance Salary Access

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

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

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

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

Robust Security and Customer Support

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

Commitment to Zero Fees and Upward Mobility

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

Customized Features and Benefits

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

Conclusion

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

Foundational Moment: Did you know?

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

Have you heard of Zelle? It is a highly popular digital payments platform in the United States. It allows users with accounts at affiliated banks—whether traditional banks, digital banks, or credit unions to easily send and receive money.

In 2024 alone, Zelle reported 151 million enrolled accounts, including individuals and small businesses, reflecting its widespread adoption among U.S. users.

If you need to send money outside the United States easily, for example Mexico, you may be wondering which banks in Mexico support Zelle.

However, this platform does not have agreements with any banks in Mexico, and it is mandatory to have a U.S. banking account to access its services.

Nevertheless, there are other options as efficient as Zelle for sending money to Mexico, such as banking accounts with integrated remittance services and international money transfer applications.

Below, we explain how to receive money through Zelle, the benefits it offers for users in the United States, and the alternatives available for sending money to other countries.

What is Zelle and Is It Possible to Use It in Mexico?

Zelle is a digital payments service that facilitates P2P (peer-to-peer) transfers at certain partner banks within the United States.

It is known for being a fast service, with money transfers reflected within minutes, in addition to being free and having broad coverage throughout the U.S.

It operates through the mobile apps of participating banks, as it is directly integrated with them and only allows money transfers to other Zelle users.

But which bank in Mexico is compatible with Zelle? Unfortunately, it is not possible to send or receive money through this platform in Mexico, as it is not designed for international money transfers and only complies with the technological and regulatory standards of the U.S. financial system.

Which Banks in Mexico Use Zelle? Everything You Need to Know

No bank in Mexico is compatible with Zelle services, meaning that international money transfers cannot be made through this platform.

To use Zelle, you must have a U.S. banking account at one of the affiliated banks.

Here is a list of some of the major banks that support Zelle in the United States:

1. Ally Bank
2. Bank of America
3. BMO Harris Bank
4. Capital One
5. Chase (JPMorgan Chase)
6. Citibank
7. Citizens Bank
8. Discover Bank
9. Fifth Third Bank
10. FirstBank
11. Frost Bank
12. Huntington Bank
13. PNC Bank
14. Regions Bank
15. TD Bank
16. Truist Bank
17. US Bank
18. Wells Fargo

Although Comun is not integrated with Zelle, this does not limit its functionality, as it is a comprehensive personal finance solution that goes beyond just money transfers.

How to Send Money to Mexico with Zelle? Answers and Efficient Alternatives

If you need to send money to Mexico quickly, you will have to choose a different service than Zelle, as it only allows bank transfers between U.S. accounts.

The main reasons Zelle is not available in Mexico are:

• To register with Zelle, you must access the online banking platform of one of the affiliated U.S. banks.
• You also need a U.S. phone number or email address.
• Zelle is not a remittance or international payment platform, so it does not have the capacity to convert currencies or deposit funds in international banks.
• Zelle does not comply with the regulations of financial institutions in Mexico, such as Banxico and the CNBV.

If you have used Zelle to send money within the United States, you are likely looking for a similarly reliable system to make international money transfers.

U.S. Banking Accounts with Integrated Remittance Services

In addition to traditional banks, there are alternatives that offer integrated remittance services to facilitate money transfers to Mexico.

Comun is a platform that meets the needs of many people in the United States, especially the immigrant community, by allowing remittances to be sent to loved ones easily, at very low cost, and through a single mobile application.

International Money Transfer Platforms

Another alternative for making international money transfers is to use platforms specialized in this type of transaction.

Examples include:

• Wise: sends money between accounts using the real time exchange rate.
• Remitly: offers international money transfers with standard or instant delivery.

The advantage of these platforms is that a bank account is not required, and their operation is accessible. However, the money transfer fees vary depending on factors such as the amount to be sent and the exchange rate.

Traditional International Bank Transfers to Mexico

You can also opt to make money transfers through traditional banks, for which you will need the SWIFT code of the receiving institution in Mexico and the recipient’s banking details.

Although it is a secure option, it is also one of the most expensive, due to high fees and intermediaries that increase the cost.

For example, a U.S. bank like Bank of America charges a $45 USD fee plus an average of 1% to 3% exchange rate margin. Therefore, in a money transfer of $1000 USD, the recipient receives approximately 900 pesos MXN less than with specialized international money transfer platforms.

Cash Deposit/Withdrawal Services at Retail Networks

If the recipient does not have access to a banking account, you can choose a service for cash deposit and withdrawal at physical locations.

Some examples include:

• Western Union: global network for bank transfers and cash delivery
• MoneyGram: allows money transfers to banking accounts and in cash
• Comun: also allows quick cash transfers

Beyond Zelle: Comun Simplifies Your Financial Life in the U.S. and Your Money Transfers to Mexico

Although Zelle is a very effective service for sending and receiving money within the United States, it has limitations that prevent international money transfers, making it more suitable for citizens who need to make frequent payments within U.S. territory.

For the immigrant community in the United States, it is important to choose a solution that not only facilitates money transfers but also offers a complete, accessible, and easy-to-use finance platform.

Comun is the platform that will simplify your financial life in the United States, offering the following benefits:

• Open an account easily using your official ID from your country.
• Forget about traditional fees: no opening fee, no monthly maintenance fee, and no minimum balance required.
• No hidden charges for remittances: your first international money transfer is free, and afterward you pay a fee starting at $2.99 USD per transfer, up to the applicable limits.
• Customer support also available in Spanish.
• Integrate your finances and remittance service in a single mobile application, making Comun the most suitable option.
• Obtain a Visa debit card to make purchases in physical stores.
• Access an extensive cash management network and make deposits at thousands of locations near you.

Open your Comun account and access a financial service without complications.

Frequently Asked Questions

Do I need a U.S. account to use Zelle?

Yes, Zelle is only available through the online banking platforms of affiliated U.S. banks.

Can I send money to Mexico via Zelle if I have a U.S. account?

No, no bank in Mexico is compatible with Zelle.

What are the best alternatives to Zelle for sending money to Mexico?

Comun: a fintech platform that provides access to an account and remittance capabilities.

Does Comun offer Zelle for sending money to Mexico?

Comun is not connected to Zelle, but you can send money to Mexico for a fee starting at $2.99 USD per transfer up to the applicable limits.

How do I set Zelle to Spanish?

Since it is a service available through the affiliated bank apps, you must access their settings and select Spanish as the preferred language.

How do I download Zelle?

Go to the Play Store or App Store and search for Zelle. Remember, it is only available in the United States.

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Minimum wage in the United States in 2026

The federal minimum wage remains $7.25 per hour, unchanged since 2009 under the Fair Labor Standards Act.

However, that number does not reflect what all workers earn. Many states, some cities and counties have set higher minimum wages, which means that your legal minimum pay depends on where you work.

Understanding the minimum hourly wage in the USA is not just about knowing the federal number. It's about knowing whether you are being paid what you are legally owed.

Why has it stayed the same for so long?

Changes to the federal minimum wage require approval from Congress. While there have been multiple proposals to increase it, none have passed into law. As a result, the federal rate has not kept up with inflation or the rising cost of living.

In practice, this means the federal minimum wage acts as a baseline, not the standard in many parts of the country.

Minimum wage by state in 2026

Workers must be paid the highest applicable minimum wage, whether it comes from federal, state, or local law.

Below is a representative minimum wage by state table for 2026. It is important to always verify your local rate, as some cities have higher minimums.

Source: https://www.dol.gov/agencies/whd/minimum-wage/state

A few things worth noting: The states in the $7.25 group include states that adopted that rate under state law, while Georgia and Wyoming technically maintain a lower state minimum wage of $5.15 per hour. However, for most employees covered by the Fair Labor Standards Act (FLSA), the federal minimum wage of $7.25 per hour generally applies instead.

Three states have mid-year increases scheduled for 2026: Alaska jumps to $14.00 on July 1, Florida rises to $15.00 on September 30, and Oregon adjusts as well.

States with the highest minimum wage

Some states and cities have set wages far above the federal level to match actual local living costs. The highest minimum wages in 2026 are found in:

• Washington, D.C. at $17.95
• Washington State at $17.13
• Connecticut at $16.94
• California at $16.90

If you are working in one of these places, your pay should reflect at least those standards and not the federal minimum.

States with the lowest minimum wage

Several states' laws set their minimum wage below what the federal minimum wage indicates; in this case the federal standard of $7.25 per hour takes precedence. Some of them are:

• Georgia at $5.15
• Wyoming at $5.15
• Alabama and Louisiana — no separate state minimum wage law

If you live and work in these states and work minimum wage, your salary should reflect the federal minimum hourly wage in the USA.

Minimum wage for tipped workers

For tipped workers, it's important to understand that federal law permits a lower base wage. Under the Fair Labor Standards Act, employers can pay as little as $2.13 per hour as long as tips bring total earnings to at least the applicable minimum wage.

If tips do not cover the difference, the employer must make up the gap. However, some states, like California, do not allow this lower rate and require full minimum wage regardless of tips. It is important to check with your official local authorities the specific laws in your state for tipped workers.

Minimum wage for young workers

Workers under 20 years old can be paid a youth minimum wage of $4.25 per hour during their first 90 consecutive calendar days of employment. After that period, or once the worker turns 20, employers must pay the standard minimum wage.

What if your employer pays you less than minimum wage?

If you are being paid less than the legal minimum wage, your employer may be violating federal, state, or local labor laws.

Workers generally have the right to:

• Be paid at least the applicable minimum wage
• Receive overtime pay where required by law
• Keep records of hours worked and wages received

Employees can report potential violations to the U.S. Department of Labor's Wage and Hour Division. In general, labor law protections relating to minimum wage and overtime apply regardless of immigration status.

How much do you earn on minimum wage?

Assuming full-time work at 40 hours per week, your monthly and annual income could look like this (before taxes):

These figures are estimates before taxes and depend on consistent full-time hours.

Is minimum wage enough to live in the U.S.?

In many parts of the country, the minimum wage does not fully cover the cost of living. Expenses such as housing, transportation, food, and healthcare vary widely by location. In states like California or New York, where the cost of living is high, even with better rates for minimum wages it may not be enough to support a family without an additional income.

It is important to consider the minimum wage and costs of living by state when choosing where to live and work.

How you get paid matters

Once you are earning, how you receive and manage your money can make a real difference. Some workers are paid by check or even in cash, which can make it harder to track income, build financial history, or send money to family.

Having a bank account or financial services platform may help:

• Receive direct deposits
• Track your income and expenses
• Send money securely to family members abroad
• Start building a financial roadmap to eventually access credit and build a credit history

For those who may not have access to traditional banking, there are a wide range of financial service providers and platforms including Común, which offer the ability to open a debit account with a passport or Matrícula Consular while you wait for your ITIN. You can manage your money through a mobile app which is also available in Spanish. Visit comun.app to learn more.

FAQ

Does the minimum wage increase in 2026?

The federal minimum wage remains $7.25, but many states continue to raise their rates annually.

What is the minimum wage in my state?

It depends on where you live. Always check your state and city laws, as local rates may be higher.

Can I be paid less if I am an immigrant?

No. Labor laws apply regardless of immigration status. You are still entitled to minimum wage and overtime protections.

Understanding your pay and what comes next

The minimum wage in the United States is not a single nationwide standard for all workers. It is a system shaped by federal law with state adjustments. Knowing the correct rate for your location is the first step. Making sure you are actually being compensated fairly is just as important.

Once you are earning, setting up a secure way to receive and manage your money can help you stay in control. With options like Común's debit account, you can receive direct deposits, track your income, and plan your finances in an app that is also available in Spanish. Visit comun.app to learn more.

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Real-time transfers make money available almost instantly, unlike traditional methods that take days. With Común, most international remittances arrive within minutes.

What Is the Real-Time Payments (RTP) Network?

The Real-Time Payments (RTP) network is an advanced financial infrastructure designed to enable instant money transfers in real time. Introduced by The Clearing House in 2017, the RTP network enables immediate fund transfers between participating financial institutions. This system operates 24 hours a day, 365 days a year, ensuring transactions can happen anytime, including weekends and holidays.

Key features of the RTP network include:

• Immediate Fund Availability: Funds are available to the recipient within seconds of initiating the transaction.
• Enhanced Communication: The RTP system supports detailed messaging, letting senders and recipients exchange information about the payment.
• Greater Security: Advanced encryption and authentication measures help protect transactions against fraud.

Key Features of the RTP Network

• Speed: Transactions complete in seconds, providing immediate fund availability to the recipient.
• Security: The RTP network uses advanced encryption and authentication protocols to ensure transaction security.
• Transparency: Real-time updates and confirmations let both parties track their payment status instantly.
• Interoperability: The RTP network is designed to work seamlessly with various financial institutions, enabling broad compatibility and adoption.

The RTP network is designed to support a variety of payment types, including person-to-person (P2P), business-to-business (B2B), and business-to-consumer (B2C) payments, making it a versatile tool for modern financial operations.

How Do Real-Time Payments Work?

Real-time payments revolutionize the traditional banking experience by enabling instant money transfers. This efficiency is made possible by advanced technology and secure communication protocols. Here's a detailed look at how real-time payments work.

The Real-Time Payments Process

The mechanics of real-time payments involve several key steps, ensuring both speed and security:

Payment Initiation

• The sender initiates a payment service through their bank's online platform or a mobile app.
• Essential details are entered, like the recipient's account information, the amount, and the purpose of the payment.

Validation and Authentication

• The sender's bank validates the payment details and authenticates the sender's identity.
• Verification includes checking there are sufficient funds in the sender's account to cover the transaction.

Payment Transmission

• Once validated, the payment is transmitted through the RTP network.
• The RTP network facilitates real-time data exchange between the sender's and recipient's banks.

Receiving Bank Processing

• The receiving bank gets the payment instructions and verifies their authenticity.
• The receiving bank then credits the recipient's account with the specified amount.

Real-Time Confirmation

• Both sender and recipient receive real-time notifications confirming the successful transaction.
• This transparency ensures both parties are immediately aware of the payment's status.

Digital Financial Platform Designed for Your Life in the USA

Open your checking account¹ in 3 minutes with your country's ID²

Open your account

The Technical Infrastructure Behind Real-Time Payments

The smooth operation of real-time payments depends on robust technical infrastructure. Key components include:

• Payment Gateways: Facilitate the transfer of payment data between banks and the RTP network.
• APIs (Application Programming Interfaces): Let banks integrate their systems with the RTP network, ensuring seamless communication and transaction processing.
• Encryption Protocols: Protect transaction data during transmission, preventing unauthorized access.
• Fraud Detection Systems: Advanced algorithms and machine learning models monitor transactions in real time to detect and prevent fraudulent activity.

Security Measures in Real-Time Payments

Ensuring the security of real-time payments is fundamental. Several layers of security are implemented to protect transactions:

• Multi-Factor Authentication (MFA): Users are required to verify their identity through various authentication methods, like passwords, biometric data, or one-time codes.
• Encryption: All transaction data is encrypted during transmission to prevent interception and unauthorized access.
• Tokenization: Sensitive information, like account numbers, is replaced with unique tokens that can only be interpreted by authorized parties.
• Continuous Monitoring: Transactions are continuously monitored in real time to detect any unusual patterns that might indicate fraudulent activity.

Examples of Real-Time Payment Use Cases

Real-time payments are used in various scenarios, improving the efficiency of financial transactions across different sectors:

• Person-to-Person (P2P) Transfers: Friends and family can send each other money instantly, regardless of which bank they use.
• Business-to-Business (B2B) Payments: Businesses can pay suppliers and partners immediately, improving cash flow management and business operations.
• Business-to-Consumer (B2C) Payments: Businesses can pay employees, contractors, or service providers instantly, ensuring timely compensation.
• E-Commerce Transactions: Online retailers can receive payments instantly, enabling faster order processing and shipping.

Advantages of Real-Time Payments

The benefits of real-time payments are multifaceted and offer significant advantages over traditional payment methods:

• Speed: Instant transactions eliminate waiting periods for funds to become available.
• Convenience: Transactions can be made anytime, from anywhere, without the restrictions of banking hours.
• Efficiency: Simplifies financial operations for both individuals and businesses, reducing the time and effort needed to process payments.
• Transparency: Immediate notifications and confirmations keep all parties informed in real time.

Real-time payments represent a significant advance in the financial industry, offering a smooth, secure, and efficient way to transfer funds. As adoption of real-time payment systems continues to grow, the benefits will become increasingly widespread, transforming how we handle financial transactions.

RTP vs. Other Payment Types

Real-time payments (RTP) offer a distinct advantage over traditional payment methods by providing immediate transaction processing and fund availability. To fully understand RTP's benefits, it's helpful to compare them with other common payment types: Automated Clearing House (ACH) transfers and Instant Payments.

RTP vs. ACH

Automated Clearing House (ACH) transfers have been a mainstay in financial transactions for decades. However, RTP offers several improvements that make it a superior option in many scenarios. Here's a comparison:

• Speed:
• RTP: Transactions process instantly, with funds available to the recipient within seconds.
• ACH: Transactions generally take one to three business days to settle, since they're processed in batches.
• Availability:
• RTP: Operates 24 hours a day, 365 days a year, allowing transactions anytime, including weekends and holidays.
• ACH: Limited to business days and hours, with no processing on weekends or holidays.
• Cost:
• RTP: While costs can vary, RTP transactions typically have competitive fees, which can be lower than expedited ACH services.
• ACH: Generally lower cost for standard transactions, but expedited ACH transfers can carry higher fees.
• Transparency:
• RTP: Provides real-time transaction confirmations and detailed messaging capabilities, improving transparency.
• ACH: Notifications are often delayed, and detailed transaction messaging isn't as robust.
• Use Cases:
• RTP: Ideal for urgent payments, person-to-person (P2P) transfers, and business transactions requiring immediate fund availability.
• ACH: Suited for regular payroll, bill payments, and bulk transactions where immediate availability isn't critical.

RTP vs. Instant Payments

Instant payments, like those facilitated by credit card networks or certain digital payment services, also offer fast processing times. Here's how they compare with RTP:

• Processing Time:
• RTP: Transactions settle instantly, providing immediate fund availability.
• Instant Payments: Often processed in seconds or minutes, but settlement times can vary by service provider.
• Cost:
• RTP: Generally more cost-effective, especially for high-value transactions, since fees tend to be lower compared to credit card processing fees.
• Instant Payments: Credit card transactions can carry higher fees due to processing charges and interchange fees.
• Security:
• RTP: Uses advanced encryption, multi-factor authentication, and continuous monitoring for fraud detection.
• Instant Payments: Security measures vary by provider, but generally include encryption and fraud monitoring.
• Usage:
• RTP: Used for a wide range of transactions, including P2P transfers, B2B, and B2C payments.
• Instant Payments: Commonly used for consumer transactions, online purchases, and small business payments.
• Availability:
• RTP: Always available, regardless of time or day.
• Instant Payments: Availability depends on the service provider, but many offer near-instant processing.

Understanding these comparisons makes it clear that RTP brings a level of efficiency, convenience, and security that traditional payment methods can't match. As a result, RTP is gaining popularity for both personal and business financial transactions. Learn more about the different types of bank transfers

Instant Transfer Apps

Beyond traditional banking channels, instant transfer apps have emerged as popular tools for facilitating real-time money transfers. These apps leverage the Real-Time Payments (RTP) network and other real-time payment technologies to give users fast, convenient ways to send and receive funds. Let's explore some of the most widely used instant transfer apps and how they work.

Popular Instant Transfer Apps

• Venmo: A widely used app that lets users send and receive money with friends and family, with a social-media-like interface for added convenience.
• Zelle: Integrated with major banks, Zelle offers direct bank-to-bank transfers, making it convenient for users with accounts at participating financial institutions.
• Común App: Común is a newcomer to the instant transfer app market, gaining attention for its user-friendly interface and its focus on financial services driven by the immigrant community. With Común, users can send money instantly to friends, family, and businesses, while accessing a range of features designed to financially empower communities.

These apps have made instant transfers accessible to a wider audience, simplifying the process of sending and receiving money.

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Conclusion

Real-time money transfers, enabled by the RTP network and instant transfer apps like Venmo, Zelle, and Común, offer unmatched speed, convenience, and security in financial transactions. With immediate fund availability, round-the-clock operation, and user-friendly interfaces, these technologies are transforming how we manage our finances. Embracing real-time transfers opens new possibilities for efficient, inclusive financial interactions, empowering individuals and businesses worldwide.

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How do real-time money transfers work?

They use payment networks that process and confirm the transaction almost instantly, instead of waiting on traditional multi-day processing cycles.

Which Común transfers are instant?

Most international remittances arrive within minutes. Traditional bank transfers (like ACH) still take 3–5 business days.

What are the advantages of real-time transfers?

Faster access to money, useful in emergencies or when your family needs the funds right away.

Frequently asked questions

What does it mean for a transfer to be "real-time"?

That the money is available to the recipient almost immediately after sending, instead of waiting days.

Are Común's remittances instant?

Most arrive within minutes, depending on the country and delivery method chosen.

Are all Común transfers instant?

No, traditional ACH transfers still take 3–5 business days; international remittances are usually faster.

Why do some transfers take longer than others?

It depends on the payment network used — ACH follows multi-day processing cycles, while modern remittance networks process within minutes.

Do I need to do anything special for my transfer to be instant?

No, speed depends on the method you choose in the app when sending.

Do real-time transfers cost extra?

The cost depends on the specific service you use; always check the fee shown before confirming your transfer.

Earning extra money fast in the U.S. is possible through survey apps, flexible freelance work, or referrals. With Común's referral program, you earn a cash reward for every person you invite who opens an account.

How can I earn extra money fast?

Paid survey apps, flexible freelance work (driving, deliveries, task apps), and financial app referral programs are common ways to generate extra income without a full-time job.

How does Común's referral program work?

Invite someone with your unique link from the app's home screen. When that person opens a full debit account and completes their first qualifying outflow, you both receive a cash reward — credited to your account within 5 days.

How much can I earn by referring people?

The reward amount can vary based on the current promotion; check the active terms inside the referral section of the app.

Frequently asked questions

Do I need to do anything special to join Común's referral program?

Just share your unique link from the referral button on the app's home screen — referrals outside that link don't qualify.

When do I get my reward for referring someone?

Within 5 calendar days after your referral completes a First Qualifying Outflow.

Is there a limit to how many people I can refer?

The current terms and conditions detail the limits; check them in the app before sharing broadly.

What happens if my referral doesn't complete the process?

The reward is only credited if the referral opens the account, gets approved, and completes a First Qualifying Outflow.

Can I refer myself with another account?

No, self-referral and fraudulent or abusive activity aren't eligible for rewards.

What other quick ways exist to generate income besides referrals?

Paid survey apps and flexible freelance work are other common options, though they typically generate less than a primary income.

Starting a life in the United States means adapting to a new culture and customs that can interfere with everyday activities such as going to school, working, and carrying out important banking transactions.

Knowing the month-by-month celebrations in the United States lets you plan ahead—especially if you need to send remittances to your home country, plan trips, or make important payments.

This guide explains the main U.S. holidays, the differences between state and federal holidays, and how they affect work, school, and banking hours.

What are holidays in the United States?

U.S. holidays are special dates commemorating historical or cultural events. They may be observed at the federal or state level.

• Federal holidays

These are declared by the federal government. On these dates, banks, government offices, and federal services close. One example is Independence Day.

• State holidays

These are declared by state governments and apply only within that state.

Labor laws do not mandate overtime or premium pay on holidays, but some employers offer holiday pay.

Time off is only mandatory for federal employees; in the private sector it depends entirely on the employer. In some industries—such as tourism and hospitality—it’s common to work on holidays, with compensation determined by the company.

List of national holidays in 2025

There are 11 federal holidays in the United States to keep in mind. On these dates, banks and government offices typically close. This can delay remittance transfers.

Be sure to schedule transfers in advance so they don’t overlap with U.S. holidays and your money arrives without issues.

New Year’s Day – January 1

Celebration of the start of the year. Banks and public offices remain closed.

Martin Luther King Jr. Day – third Monday in January

Honors the memory of civil-rights leader Martin Luther King Jr.

Presidents Day – third Monday in February

Commemoration honoring George Washington and all U.S. presidents.

Memorial Day – last Monday in May

Commemorates members of the Armed Forces who died in service.

Juneteenth – June 19

Marks the end of slavery in the United States.

Independence Day – July 4

Celebration of the Declaration of Independence. One of the most important holidays.

Labor Day – first Monday in September

Celebration dedicated to the nation’s workers.

Columbus Day – second Monday in October

Marks Christopher Columbus’s arrival in the Americas in 1492.

Veterans Day – November 11

Commemoration recognizing all who served in the Armed Forces.

Thanksgiving Day – fourth Thursday in November

A family tradition dedicated to giving thanks for the harvest and the good moments of the year.

Christmas Day – December 25

The birth of Jesus; a widely observed religious and cultural celebration.

How holidays impact immigrants and families

Knowing what’s celebrated today in the United States helps you plan your day and be aware of possible workplace benefits you might be eligible for.

Work:

If you work in sectors such as hospitality, restaurants, or cleaning, you may have to work on holidays. Ask your employer whether double pay, shift changes, or other compensation applies.

Finances:

On federal holidays, banks and post offices close, which can delay financial operations such as deposits and international transfers. If you need to send money to family, do so before these dates.

Schools and procedures:

Public and private schools close on federal holidays. USCIS staff also do not work, so immigration processes are delayed.

Tips to organize your money and time

Don’t let holidays catch you off guard. Set aside a monthly budget for travel, daily expenses, and other activities.

Keep a payment calendar that accounts for holidays so you can make payments without setbacks.

Culturally important celebrations in the U.S. for immigrants

Beyond official dates, there are others that matter culturally to immigrant communities. They may not significantly affect institutions or businesses, but they’re still worth noting if you plan to budget for a celebration.

Battle of Puebla – May 5

A date that has also gained relevance among U.S. residents. Although many mistakenly link it to Mexico’s Independence Day, it actually commemorates victory over the French army.

Mother’s Day

In the U.S. it’s observed on the second Sunday in May, though immigrant communities may choose the customary date in their countries of origin.

Father’s Day

Observed on the third Sunday in June, though it can vary. It’s a day of family togetherness for many immigrants.

Halloween – October 31

A tradition that crosses borders; it’s very popular among immigrant communities who enjoy dressing up and having fun with kids.

Valentine’s Day – February 14

A popular holiday to celebrate love and friendship, spend time together, and give and receive gifts.

Day of the Dead – November 1–2

A Mexican tradition honoring the departed through altars, food, flowers, and music.

Organize your finances on holidays and send your money with Común

This article outlined the U.S. holidays and how they affect public and private operating hours.

Holidays shouldn’t keep you from meeting your financial obligations. Make sure you have an ally to help you plan your budget.

Get to know all the benefits of Común!

Transfer money from the United States to Latin America with clear, competitive fees, up to applicable limits (check terms in Común’s mobile app).

Discover the platform designed for immigrants—with shared interests, language, and goals: bringing families closer through accessible, secure financial solutions.

Open your Común checking account today and manage your money in the U.S. safely and without complications.

Frequently Asked Questions (FAQ)

If you still have questions, see this section.

What happens with banks and remittances on holidays?

On national holidays, banks and post offices are closed. This means money transfers can take 1–2 extra days to complete.

Do all workers receive extra pay on holidays?

The law doesn’t require double pay on holidays, but some employers offer this benefit.

What are the most important holidays for the immigrant community?

For immigrant communities, the most relevant holidays include Christmas, Mother’s Day, and the Day of the Dead, among others.

What Today's Banking Customers Want

Today's banking consumers are no longer satisfied with just basic financial transactions. They want seamless digital experiences, personalized services, and round-the-clock accessibility. With the spread of smartphones and internet connectivity, customers expect banking services to be available at their fingertips, anytime and anywhere. They also demand transparency, security, and efficiency in every interaction with their financial institutions.

Understanding and meeting these changing needs is crucial for banks to attract and retain new customers in an increasingly competitive landscape.

Better Experiences Are Essential for Deposit Growth and Customer Loyalty

In an era where switching banks is easier than ever, delivering a superior customer experience has become essential for deposit growth and maintaining customer loyalty. Banks that prioritize user-friendly interfaces, intuitive mobile apps, and responsive customer support are more likely to succeed in building solutions integrated with customer data. Beyond the transactional aspect, customers value proactive financial advice, personalized product recommendations, and tailored communication.

By investing in emerging technologies that improve customer experiences, many banks can build stronger relationships with their customers and position themselves as trusted financial organizations for the long term.

Technological and Industry Shifts

In banking, the traditional advantages that once set institutions apart are gradually eroding. With the rise of fintech startups and tech giants entering the financial services space, banks face unprecedented competition. Legacy systems and processes that used to be barriers to entry are now being disrupted by innovative technologies and agile business models.

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Banking Is Losing Its Traditional Advantages

Historically, banks held monopolies on financial services due to their physical presence, regulatory barriers, and established customer trust. However, the arrival of digital banking and the spread of online-only banks have challenged this status quo. Traditional advantages like branch networks and long-standing reputations are no longer as significant in a digital era where convenience and efficiency come first.

Technological Advances Shaping the Banking Industry

Technological advances are driving profound change in the banking industry, redefining how financial services are delivered and consumed. From artificial intelligence (AI) and machine learning to blockchain and cloud computing, banks are leveraging cutting-edge technologies to streamline operations, improve security, and improve customer experiences.

AI and Data Advances Accelerating Transformation Possibilities

AI and data analytics are revolutionizing banking by letting institutions gain deeper insight into customer behavior, automate repetitive tasks, and personalize offers at scale. Chatbots powered by natural language processing (NLP) provide instant customer support, while predictive analytics algorithms help identify trends and proactively mitigate risk.

Seamless Technology and Platform Integration Is a Top Priority

Seamless technology and platform integration is essential for banks to deliver cohesive, omnichannel experiences to their customers. Whether through mobile banking apps, online banking portals, or in-branch interactions, customers expect consistent, intuitive interfaces that smoothly meet their financial needs across various touchpoints.

[Video embed — keep as-is: https://www.youtube.com/watch?v=V4FKKe5Zs2A]

Embracing Responsible AI (GenAI)

As banks adopt AI and automation, it's crucial to do so responsibly, considering ethical implications and potential biases. Responsible AI, often called GenAI, involves ensuring fairness, transparency, and accountability in AI-driven decision-making processes. By adopting ethical AI frameworks and governance principles, banks can build trust with customers and mitigate risks associated with AI deployment.

Innovations in AI and data analysis are driving transformative possibilities, while seamless technology and platform integration is now a top priority. Banks must also embrace responsible Generative AI (GenAI) to stay ahead.

Banking as a Service (BaaS)

As traditional banking models evolve, Banking as a Service (BaaS) is emerging as a key trend reshaping the financial landscape. This section explores the key aspects of BaaS, from emerging industry trends to competitive arenas and business models, offering insight into the future of banking.

Emerging Trends in the BaaS Banking Industry

• Collaboration Over Competition: Traditional banks are increasingly partnering with fintech startups and third-party providers to offer specialized financial services. This collaborative approach lets banks leverage innovative technologies and expand their service offerings without needing extensive infrastructure investment.
• API-Driven Ecosystems: Application Programming Interfaces (APIs) play a central role in BaaS, enabling seamless integration of banking services into third-party apps and platforms. Open banking initiatives around the world are driving the adoption of standardized APIs, fostering a more interconnected financial ecosystem.
• Platformization of Banking: Banking services are shifting from product-centric models to platform-centric models, where banks act as enablers of financial transactions rather than just service providers. Platforms offer a diverse range of financial products and services curated from multiple providers, giving customers greater choice and flexibility.

Competitive Arenas and Emerging Business Models in Banking

• Digital Challenger Banks: Digital-only banks, or challenger banks, are disrupting the traditional banking landscape with their agile operations, innovative products, and customer-first approach. These agile startups leverage technology to deliver superior user experiences and challenge incumbents in key market segments. Such is the case with the Común app, which offers financial services for immigrants living in the U.S.
• Embedded Finance: Embedded finance refers to integrating financial services into non-financial apps, like e-commerce platforms, ride-share apps, and social networks. By embedding banking functionality directly into everyday activities, financial transactions become seamless and frictionless for users.

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A Look at the Bigger Picture: Everyday Banking

• Mobile-First Solutions: Everyday banking is increasingly mobile-centric, with customers preferring the convenience of managing their finances on the go. Mobile banking apps offer a wide range of features, including account management, bill payments, peer-to-peer transfers, and financial insights, meeting customers' diverse needs.
• Personalization and Predictive Analytics: Banks are leveraging data analytics and AI algorithms to personalize their offerings and anticipate customer needs. By analyzing transactional data and behavioral patterns, banks can deliver personalized product recommendations, tailored financial advice, and proactive alerts, improving customer engagement and satisfaction.

Discover the Future of Banking: Embrace BaaS Innovations Today for Financial Evolution and Empowerment

• Enhanced Customer Experiences: BaaS lets banks deliver enhanced customer experiences by leveraging innovative technologies and partnerships. From frictionless onboarding experiences to personalized financial solutions, BaaS empowers customers to reach their financial goals more effectively.
• Financial Inclusion and Accessibility: BaaS has the potential to drive financial inclusion by extending banking services to underserved and unbanked populations. Through partnerships with fintechs and leveraging digital channels, banks can reach previously inaccessible markets and provide essential financial services to those who need them.
• Agility and Innovation: Embracing BaaS lets banks innovate quickly and adapt to changing market dynamics. By leveraging outside expertise and resources, banks can accelerate the development and rollout of new products and services, stay ahead of the competition, and meet changing customer expectations.

Everyday banking remains the biggest arena, and the future of banking will see financial evolution and empowerment through BaaS innovations.

Regulatory and Compliance Considerations

This section explores the imperative nature of investing in regulatory compliance, the importance of anticipating regulatory action, and the impact of regulatory developments on BaaS. It also discusses predictions for the future of BaaS in light of these regulatory considerations.

Investing in Regulatory Compliance Is Imperative

• Compliance Frameworks: Banks and BaaS providers must establish robust compliance frameworks to adhere to regulatory requirements and industry standards. This includes implementing Know Your Customer (KYC) procedures, anti-money laundering (AML) measures, and data protection protocols to safeguard customer information and mitigate financial risks.
• Risk Management: Investing in risk management practices is essential to navigate regulatory complexities and protect against potential threats. By conducting regular risk assessments and implementing risk mitigation strategies, banks can ensure regulatory compliance while maintaining operational resilience.

Anticipating Regulatory Action

• Proactive Compliance Measures: Anticipating regulatory action lets banks stay ahead of compliance requirements and mitigate regulatory risks effectively. By closely monitoring regulatory developments, engaging with regulatory authorities, and participating in industry forums, banks can proactively address emerging regulatory challenges and adapt their compliance strategies accordingly.
• Regulatory Engagement: Establishing open communication channels with regulatory authorities fosters collaboration and transparency, letting banks address regulatory concerns and seek guidance on compliance matters. By actively engaging with regulators, banks can demonstrate their commitment to regulatory compliance and build trust within the regulatory community.

Regulatory Developments Impacting BaaS

• Global Regulatory Landscape: Regulatory developments, like open banking initiatives and data protection regulations, have a significant impact on the BaaS ecosystem. Financial service providers must stay on top of regulatory changes across different jurisdictions and adapt their operations accordingly to ensure compliance with local laws and regulations.
• Compliance Challenges: Regulatory requirements related to data privacy, cybersecurity, and consumer protection pose significant challenges for BaaS providers. Meeting complex regulatory frameworks requires substantial investment in resources and expertise, demanding a proactive approach to effectively address regulatory concerns.

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Predictions for the Future of BaaS

• Regulatory Evolution: The future of BaaS is expected to be shaped by ongoing regulatory evolution, with regulators adapting existing frameworks to address emerging risks and challenges. Predictions suggest regulators will focus on improving consumer protection, promoting market competition, and fostering innovation within the BaaS ecosystem.
• Regulatory Harmonization: As the BaaS landscape continues to evolve, there's a growing need for regulatory harmonization across different jurisdictions to facilitate cross-border operations and ensure a level playing field for market participants. Predictions indicate regulators will collaborate to standardize regulatory requirements and promote interoperability within the BaaS ecosystem.
• Compliance Innovation: Innovations in regulatory technology (RegTech) are expected to play a significant role in driving compliance innovation within the BaaS industry. Predictions suggest BaaS providers will leverage RegTech solutions to automate compliance processes, improve regulatory reporting capabilities, and enhance overall regulatory efficiency.

Investing in regulatory compliance is crucial, since regulatory actions and developments significantly impact BaaS. Predicting future regulatory landscapes helps institutions stay prepared and compliant.

Conclusion

The future of banking services is marked by technological innovation, shifting customer preferences, and evolving regulations. Banking as a Service (BaaS) is reshaping the industry, offering new avenues for collaboration and innovation. Embracing BaaS today unlocks new opportunities to improve customer experiences and drive economic growth.

Regulatory compliance is crucial. Banks must invest in compliance frameworks and anticipate regulatory changes to mitigate risks effectively. Looking ahead, success in banking will depend on agility, innovation, and customer focus. By staying on top of trends, leveraging technology, and prioritizing compliance, banks can thrive in the digital era.

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Managing your bank account efficiently means checking your activity regularly, avoiding unnecessary fees, and using digital tools. With Común there's no monthly fee, no minimum balance, and you can do almost everything from the app.

Managing your bank accounts efficiently involves understanding best practices for handling them, using your bank or credit union’s resources, and making informed financial decisions. This article will explore essential strategies from choosing the right type of bank and balancing your checking account to taking advantage of your bank’s mobile banking app for optimal account management.

Understanding Your Account

Explore different types of bank accounts, such as checking accounts, savings accounts, and money market accounts at various financial institutions. Learn about their specific uses, from everyday spending with a debit card to saving money for future goals through a high-yield savings account. Master how to monitor checking account balances and track financial transactions using your bank’s mobile banking app, ensuring effective cash management.

Click here to learn more about your account number

Setting Up Account Alerts

Mobile banking alerts are essential tools in the digital banking era, as they increase your awareness of account activity and help with financial management. Use strong security practices to manage your online account, such as using secure passwords and enabling two-factor authentication. Use your bank’s mobile app security features to protect against unauthorized access and ensure the safety of your financial transactions.

When setting up alerts, you can receive notifications for various events, such as when your balance falls below a certain threshold, which helps prevent overdraft fees. Alerts for large deposits or withdrawals can also help monitor fraudulent transactions, especially important across multiple bank accounts at different financial institutions.

In addition, many banks and credit unions now offer customizable alert options, allowing you to receive updates on account balances at set times or even unusual card activity, further securing your financial transactions and helping maintain good cash flow management.

Budgeting and Tracking Spending

An effective budget is crucial for financial stability, and modern money management tools are designed to meet this need by providing detailed insight into your variable and fixed expenses. These tools sync with your bank accounts to automatically categorize transactions, making it easier to track where your money goes and identify areas for potential savings.

Using direct deposits strategically can automate much of your financial planning, ensuring essential expenses such as monthly bills are covered automatically, while also directing money into separate savings accounts designated for specific goals such as saving for an emergency fund or building up a down payment. This direct deposit setup not only simplifies financial management, but also helps maintain discipline in achieving your financial goals.

Using Automatic Savings Tools

Automatic savings tools are vital for building financial resilience without requiring constant manual intervention. Setting up transfers between your checking account and high-yield savings accounts can significantly improve your savings efforts by taking advantage of the higher interest rates offered by these accounts. These tools can be programmed to transfer a fixed amount or a percentage of your monthly income directly into a savings or investment account, ensuring that saving becomes a continuous part of your financial routine.

In addition, some banks offer features such as “round-up” programs, where everyday transactions are rounded up to the nearest dollar and the difference is transferred into a separate savings account, effectively turning every purchase into a savings opportunity. Discussing these options provides a clear view of how automatic savings tools not only help achieve long-term financial goals, but also more effectively manage day-to-day financial health.

Minimizing Fees

Understanding and minimizing the fees associated with bank accounts is crucial to maintaining your financial health. Monthly service fees, minimum balance requirements, overdraft fees, and other charges can quickly erode your savings if not managed properly. It is important to regularly review the terms and conditions of each bank account, as banks often change their fee structures. One effective strategy is to keep a certain balance in the account that exempts some of these fees.

Also consider using a bank or credit union that offers fee-free checking and savings options. Tools like fee-analysis apps can help identify potential savings by suggesting changes in how you manage your accounts or even recommending a switch to a different financial institution that offers lower fees. This proactive approach ensures that you are always ahead of unnecessary expenses, preserving more of your hard-earned money.

Common Fees:

• Monthly Service Fees: Charged for account maintenance, applicable to many checking and savings accounts.
• Minimum Balance Requirement Fees: Incurred when account balances fall below a specified threshold.
• Overdraft Fees: Charged when transactions exceed the account balance.
• ATM Fees: Applied when using ATMs outside your bank’s network.
• Transaction Fees: Some accounts charge fees for certain types of transactions, such as wire transfers or even excessive withdrawals.

Strategies to Avoid Fees:

• Maintain Minimum Balances: Keep your account above the required minimum to avoid monthly fees.
• Use In-Network ATMs: Withdraw cash from ATMs within your bank’s network to avoid fees.
• Set Up Alerts: Monitor your account balances and receive notifications to prevent overdrafts.
• Choose the Right Account Type: Opt for bank accounts that fit your financial habits, such as accounts with no monthly fees or accounts that offer fee waivers with direct deposit.
• Link Accounts: Link your checking and savings accounts to automatically cover shortfalls and avoid overdraft fees.
• Review Account Terms Regularly: Stay up to date on any changes to your bank’s fee structure and terms of service.
• Negotiate Fees: Some banks may waive fees if you discuss your account options with them, especially if you are a long-time customer with multiple accounts.

By implementing these strategies, you can minimize or even eliminate many of the fees typically associated with managing bank accounts. This proactive approach not only helps save money, but also improves your overall financial health.

You Can Open Your Checking Account at Común with a VISA Card¹ and No Absurd Charges

Open your checking account¹ in just 3 minutes with your country’s ID².

Accepted documents from across LATAM:

• Passport
• ID card
• Driver’s license
• Consular ID
• Visa
• And many more!

Unmatched benefits:

• $0 opening fee
• $0 minimum balance
• $0 monthly fee

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We explain how to open a checking account in the United States

Regular Review and Reassessment

Consistently reviewing and reassessing your financial goals and bank account setup is key to adapting to changes in your financial situation and market conditions. This should include checking whether savings account interest rates are competitive, evaluating the benefits of having multiple accounts, and assessing whether your current bank meets your needs.

Regular reassessment can help identify opportunities to consolidate accounts, thereby simplifying finances and potentially reducing fees. In addition, consider setting reminders to review all direct deposits and automatic payments annually to ensure they align with your current financial goals and cash flow needs. This regular review helps avoid financial complacency, ensuring your banking arrangements are always optimized for your current financial situation and savings goals.

Linking Accounts for Simplified Management

Linking your various bank accounts, whether at the same financial institution or across multiple ones, can greatly improve your ability to manage finances smoothly. This can make transfers between accounts easier, such as moving funds from a checking account to a savings account, which can be essential for managing monthly cash flow or saving for planned expenses like vacations or holiday spending.

In addition, many financial institutions now offer sophisticated online and mobile tools that provide a unified view of all your accounts, even if they are at different banks. This integration can help you better understand your overall financial picture, making it easier to make informed decisions about where to allocate funds. Also, having a central hub for managing multiple accounts can reduce the time spent logging into several separate accounts and improve the accuracy of your budgeting and financial tracking.

Conclusion

Efficiently managing your bank accounts is not just about protecting your funds, but also about optimizing your financial operations to support your personal and financial goals. Throughout this article, we explored a variety of strategies, from choosing the right type of account to taking advantage of advanced mobile banking tools. These practices are designed to improve your financial understanding, reduce unnecessary fees, and enhance overall cash flow management.

Finally, as we discussed, using alerts, understanding your bank’s fee structure, and employing automatic savings tools are all fundamental aspects of maintaining strong financial health. Regular reviews and strategic account linking further simplify the management process, allowing for a smoother financial journey. By implementing these best practices, you can make your bank accounts work harder for you, turning everyday banking into a powerful tool for achieving long-term stability and success.

How can I manage my bank account more efficiently?

Check your activity often, avoid avoidable fees (like overdrafts), and use your app's digital tools to track your spending.

What fees should I avoid?

Monthly maintenance fees, minimum balance charges, and out-of-network ATM fees. With Común, none of these apply, and you get free withdrawals on the AllPoint+ network.

What Común tools help me manage my money?

Mobile check deposit, cash deposit at over 88,000 locations, and real-time activity notifications from the app.

Frequently asked questions

How do I avoid unnecessary bank fees?

Choose an account with no monthly fee or minimum balance, like Común's, and avoid overdrafts by checking your balance regularly.

How often should I check my bank account?

Ideally every few days, to stay on top of your spending and catch any unexpected charges.

Does Común charge a monthly fee?

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

How do I deposit cash with Común?

Through the network of over 88,000 locations available on the app's map.

Can I withdraw money without paying a fee?

Yes, at AllPoint+ network ATMs you get 3 free withdrawals a month.

What tool helps me track my spending?

Real-time activity notifications inside the app show you every transaction instantly.

Starting a new school year in the United States can involve several administrative and financial tasks. Enrollment requirements, school supply lists, transportation arrangements, meal programs, and extracurricular activities can vary between districts and schools.

For many immigrant families, the process may also involve adapting to a school system that works differently from those in Mexico, Colombia, Guatemala, El Salvador, Honduras, and other countries. Understanding how schools operate, what documents are typically required, and how to prepare financially can make the transition smoother.

This guide explains what to expect during the back to school season in the U.S., how school enrollment works, what supplies children may need, and how to prepare for the school year with confidence.

When does the school year start in the U.S.?

Unlike some countries that follow a national academic calendar, school start dates in the United States are generally determined by states, school districts, and local education authorities.

Most public schools begin classes between early August and early September.

The table below shows common start periods for several major states during the 2026 school year.

Source: https://us-school-calendar.com/first-day-of-school-2026

The school year generally runs from August or September through May or June. Winter break, spring break, teacher workdays, and holidays are scheduled throughout the year.

Because school calendars can differ even within the same city, families should always verify dates directly with the local school district.

What differentiates the U.S. school system from those in Latin America?

One of the most noticeable differences is the strong role of local school districts. Curriculum decisions, school calendars, transportation policies, and enrollment procedures can vary from one district to another.

Schools are generally organized into:

• Elementary school
• Middle school or junior high school
• High school

Grade levels may differ slightly depending on the district.

Another difference involves parental communication. Schools frequently use online portals, email notifications, text messages, and mobile applications to share grades, attendance records, schedules, and announcements.

Parents may also encounter:

• Parent-teacher conferences
• School volunteer opportunities
• Individual learning plans
• English language support services
• After-school activities and sports programs

Students who arrive from another country may qualify for English learner services designed to support language development while continuing their academic education.

How to enroll your children: documents and process

Most public schools ask families to provide documents during enrollment that are typically used to confirm a child's age, home address, vaccination history, and prior education.

Commonly requested documents include:

• Birth certificate
• Passport
• Proof of address
• Immunization records
• Previous school records or transcripts when available
• Parent or guardian identification

Enrollment can be completed online, in person, or through a district enrollment center.

One of the most important facts for immigrant families to understand is that children have a constitutional right to attend public elementary and secondary schools regardless of their immigration status. This protection comes from the U.S. Supreme Court decision in Plyler v. Doe

As a result, public schools generally cannot deny enrollment solely because a child or parent lacks immigration documentation.

School districts may still request documents that establish residency within the district and verify a child's age, but immigration status is not a requirement for access to public education.

Families who recently arrived in the United States and do not yet have all prior school records should contact the district directly. Many schools have procedures for assisting students during the enrollment process while records are being obtained.

The U.S. school supply list: what to expect and how to optimize spending

School supply requirements in the United States are often determined by individual schools or teachers rather than a national standard. In addition to notebooks and pencils, families may be asked to provide classroom supplies such as tissues, disinfecting wipes, folders, headphones, calculators, or art materials depending on the grade level. Unlike some countries like Mexico's Becas Benito Juárez, children in the U.S. do not receive cash stipends for school supplies.

Teachers often publish detailed lists before the school year begins. Depending on the grade level, families may be asked to purchase:

• Notebooks
• Folders
• Pencils and pens
• Colored pencils
• Markers
• Glue sticks
• Scissors
• Tissues
• Hand sanitizer
• Backpacks
• Calculators
• Headphones or earbuds

Some classrooms also request community supplies that are shared among students.

When it comes to school supplies, the costs can add up quickly. However there are some strategies that may help reduce expenses:

• Compare prices across multiple retailers
• Purchase supplies gradually during summer sales
• Reuse items that remain in good condition from the previous year
• Check whether local organizations distribute supplies at no cost
• Review teacher lists carefully before making purchases

Some teachers provide additional guidance during the first weeks of school.

How to budget for back to school as an immigrant family

The total cost of a school year is often easier to manage when families plan for it as an ongoing expense rather than isolated expenses. A budget that covers the entire academic year can help reduce unexpected financial pressure.

When preparing a back to school budget, families may also need to consider:

• Transportation
• School meals
• Uniforms when required
• Sports participation fees
• Extracurricular activities
• Technology expenses
• Field trips
• Childcare before or after school

Creating a seasonal budget can make these expenses easier to manage. A useful approach can be to divide costs into three main categories:

Enrollment expenses

These may include uniforms, school supplies, and transportation arrangements before classes begin.

Monthly school expenses

Lunch money, transportation, activity fees, and classroom contributions that continue throughout the year.

Unexpected expenses

Field trips, special projects, replacement supplies, and school events can appear with limited notice.

Considering those three categories can help families avoid relying on emergency funds during the school year. However, it is always important to consider your context and plan according to your own needs.

School support programs for immigrant families

Accessing available school support programs can help reduce some of the challenges families face during the academic year. School districts frequently partner with local organizations to provide services that support student success both inside and outside the classroom. These resources can help families navigate academic, language, and financial barriers that may arise during the school year.

Available resources vary by location but may include:

School meal programs

Eligible students may qualify for breakfast and lunch programs offered through their school district.

English learning services

Students developing English skills may receive language instruction and academic support.

After-school programs

Schools, community centers, and nonprofit organizations often provide academic enrichment and recreational activities.

School supply assistance

Some districts, churches, and community organizations distribute backpacks and school supplies before the academic year begins.

Family resource centers

Certain districts maintain offices that help families access educational resources, translation services, and community support programs.

These programs are designed to help students participate fully in school regardless of their family's circumstances. Checking what is available locally can help families take advantage of resources that support learning, nutrition, and school involvement.

How Común helps you manage school year expenses

Back-to-school season can involve a wide range of financial responsibilities. School supplies, transportation costs, lunch expenses, extracurricular activities, and classroom contributions can create recurring expenses throughout the year.

For families who also support relatives abroad, the back-to-school season may extend beyond the United States. Some immigrants may contribute to support the educational expenses for children back home.

Común offers remittance services that allow eligible customers to send money to Latin America directly through the app, with fees starting at $2.99.

For everyday financial management, eligible customers can open an account using an ITIN, a passport, or more than 100 accepted Latin American IDs. Común also offers features that can help families manage school-year spending, including direct deposit, debit card access, and customer support in Spanish through the app with no mínimum balance requirements or monthly maintenance fees.

For group expenses such as field trips, classroom activities, sports teams, or shared school purchases, ComunPay can help parents collect and send payments directly from the app.

This school year, organizing expenses in one place can make it easier to track spending, support family members, and prepare for school-related costs throughout the year.

FAQ

Do I need immigration documents to enroll my children in school?

Public schools cannot deny enrollment solely because of a child's or parent's immigration status. School districts commonly request proof of age, residency, and immunization records, but immigration documentation is generally not required for enrollment.

When does the school year start in the U.S.?

Most schools begin classes between early August and early September. Exact dates vary by state, district, and school system.

Are school supply lists longer in the U.S. than in Latin America?

It depends. Teachers often provide detailed lists that may include classroom supplies, technology accessories, and shared materials used throughout the school year.

What vaccinations do my children need to enter school in the U.S.?

Vaccination requirements vary by state and school district. Schools typically provide a list of required immunizations during enrollment, and additional guidance may be available through local health departments.

How can I help my children with the language if they don't speak English when they arrive?

Many public schools offer English learning programs that provide language support while students continue learning grade-level subjects. Additional tutoring and community programs may also be available locally.

Are there financial aid programs for school supplies for low-income families?

Some school districts, nonprofit organizations, religious institutions, and community groups distribute school supplies or provide financial assistance before the academic year begins. Availability depends on the location and program requirements.

Bank Accounts

Having a bank account is essential for managing your financial life efficiently and offers numerous practical benefits. One of the main advantages is safe money storage. Unlike keeping cash at home, which can be vulnerable to theft, loss, and damage, money kept in a bank account is safe and protected. Additionally, bank accounts provide great convenience for everyday transactions. You can easily pay bills, receive direct deposits, withdraw cash, and make purchases with a debit card linked to your account. Modern banking also lets you manage your finances from virtually anywhere through online and mobile banking platforms.

Types of Bank Accounts: Checking and Savings

In the world of personal finance, understanding the different types of bank accounts is crucial.

• Checking Accounts: Checking accounts, often called personal checking accounts, are designed for everyday transactions like depositing money and debit card purchases. They frequently come with the option of direct deposits and online bill pay. Understanding the differences between checking and savings accounts is essential, especially when considering banking promotions and bonuses that often feature specific offers for opening new checking and savings accounts, including direct deposit requirements and minimum deposits to qualify for cash bonuses.
• Savings Accounts: Savings accounts, including specialized forms like a Barclays savings account, are meant for storing money over a longer period, often with the goal of building an emergency fund. These accounts may offer a higher interest rate and sometimes require a minimum balance. Combining checking and savings accounts can provide a comprehensive banking solution, offering both the flexibility of everyday transactions and the benefit of earning interest on long-term savings, which is particularly advantageous when banks offer promotions and bonuses for these accounts.
• Money Market and CD (Certificate of Deposit) Accounts: Generally offer higher annual percentage yields than regular savings accounts, locking in funds for a specified period to achieve better returns.

Understanding these options helps align banking services with your financial goals, whether you're considering opening a business checking account or a joint savings account at the same bank or credit union.

Opening Your First New Bank Account

To open an account, particularly a new online bank account, start by choosing the right financial institution — it could be an online-only bank, a traditional bank, or a credit union, depending on your financial needs and preferences. Consider factors like accessibility, customer service, fee structures, and the availability of online and mobile banking features when selecting where to open your account.

The process generally involves making an initial deposit, which can vary but is often a minimum opening deposit. Meeting the minimum deposit is crucial to qualify for account bonuses. Some institutions may require only a few dollars, while others may ask for a larger amount, especially for premium or specialized accounts. During the account-opening phase, you'll need to provide personal information like a Social Security Number or an Individual Taxpayer Identification Number, and a government-issued ID, like a passport or driver's license. This information helps the bank ensure compliance with regulatory requirements, including those related to money laundering.

Many banks offer bank account bonuses or a checking account bonus to new checking account customers, which can be an attractive incentive. Opening a personal checking account in America comes with specific bonuses and rewards, including cash bonuses for meeting certain requirements like a qualifying direct deposit. To qualify for these bonuses, customers often need to meet criteria like a minimum deposit within a certain timeframe and maintaining that balance for a specific period. For example, some financial institutions offer cash bonuses for setting up a qualifying direct deposit. This incentive often requires you to receive a regular payment, like a salary or a government benefit, directly into your new account within a certain period of opening the account. Be sure to understand the terms and conditions associated with these bonuses, like minimum balance requirements and the duration of direct deposits.

Additionally, ask about any potential fees associated with the account, like monthly maintenance fees, ATM usage fees, and overdraft charges. Sometimes, banks offer fee waivers under certain conditions, like maintaining a minimum balance or even by enrolling in direct deposit. It's also worth asking about the bank's overdraft policies. Some banks offer overdraft protection programs, which can keep you from incurring fees if you accidentally overdraw your account. This service can be a lifesaver for new account holders unfamiliar with managing their balance, but it typically comes at an additional cost.

Finally, consider the bank's customer service and support options. Reliable customer support can be invaluable, especially if you run into issues with your account or need guidance on using banking services. By carefully considering these aspects, you can ensure your first banking experience is positive and financially beneficial. Remember, the right bank for someone else might not be the right bank for you, so choose based on your specific circumstances and financial needs.

Común Is a Great Choice for Your Banking Needs in the USA

If you're looking for a reliable, modern banking solution in the United States, Común is the perfect choice for you. Común is a digital bank designed for everyone, especially the immigrant community, offering a hassle-free banking experience, no hidden charges, and Spanish-language tools that make managing your finances easier. With Común, you can open an account in minutes from your phone, get your complimentary debit card, and start enjoying benefits like no-cost transfers, direct deposits, and access to more than 55,000 fee-free ATMs nationwide. Plus, Común cares about your security, implementing advanced measures to protect your money and your data. Don't wait any longer — join the Común community for a banking experience that understands and supports your unique needs.

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More Information About Bank Accounts in the United States

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Best practices for managing your account

Effective Account Management

Effectively managing bank accounts goes beyond simply monitoring balances — it involves a comprehensive approach to financial administration. This means understanding and reducing account fees, which can include monthly maintenance, ATM usage, and overdraft charges. One way to minimize these fees is by meeting minimum balance requirements or enrolling in direct deposit, since many banks offer fee waivers under these conditions.

Using online and mobile banking tools is essential for efficient financial management. These platforms allow real-time transaction monitoring, immediate fund transfers, and quick access to statements and banking documents, which can help with budgeting and tax preparation. Setting up automatic bill payments is another crucial feature, ensuring all payments are made on time, avoiding late fees and service interruptions.

For those managing multiple accounts, like a business checking account and a personal checking account, linking these accounts can simplify money management. It allows easier transfers between accounts and a consolidated view of finances, which is particularly beneficial for small business owners who need to keep personal and business expenses separate. Additionally, having multiple bank accounts can offer significant benefits, like separating funds for different purposes — such as everyday expenses, savings, and investments — and meeting individual or joint financial needs, including for international travel or business purposes.

Additionally, mobile banking has revolutionized access to financial services, letting users complete a variety of banking tasks from their devices, like checking balances, depositing checks remotely, and withdrawing cash from ATMs without a physical card. This convenience, however, needs to be balanced with diligent security practices to protect financial data.

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Security and Protection

Account security is critical for protecting financial assets from potential threats like fraud and identity theft. Banks, whether online or traditional, implement robust security measures, including encryption, Secure Sockets Layer (SSL) certificates, and continuous monitoring for suspicious activity. However, responsibility also falls on the account holder to improve their personal security.

Enabling two-factor authentication adds an extra layer of security, significantly reducing the risk of unauthorized access. Using strong, complex passwords and changing them regularly are fundamental practices for securing online banking portals. Account holders should also be alert to phishing scams — fraudulent attempts to obtain sensitive information. Recognizing suspicious emails, links, or phone calls requesting personal banking information is crucial.

Regularly monitoring account activity is another proactive security measure. Many banks offer customizable alerts that immediately notify the account holder of unusual or large transactions, allowing quick action against unauthorized access. It's also advisable to frequently review transaction history to identify any irregularities that might indicate fraudulent activity. Additionally, understanding the latest banking security technologies and using all available tools provided by financial institutions can significantly improve the security of banking operations. These tools include biometric verifications, like fingerprint and facial recognition, which offer a higher level of security than traditional passwords.

By incorporating these advanced management and security practices, people can significantly improve both the efficiency and security of their banking experience, ensuring their financial assets are managed wisely and protected against potential threats.

Conclusion

Navigating the complexities of bank accounts — from choosing the right type to managing and securing them — can significantly impact your financial well-being. Understanding the various account types available, from personal and business checking accounts to savings and CD accounts, lets you make informed decisions that align with your financial goals. Opening your first account is a crucial step that lays the groundwork for building a robust financial future. By selecting the right financial institution, understanding fee structures, and taking advantage of incentives like account bonuses, you position yourself to maximize the benefits of banking.

Effective account management and vigilant security measures are essential to getting the most out of your banking experience. Using online and mobile banking tools not only provides convenience, but also lets you keep close oversight of your financial activities, ensuring your money works for you as efficiently as possible. Additionally, the importance of security can't be overstated — protecting your financial information from fraud and theft is paramount in today's digital age.

Ultimately, carefully managing and protecting your bank accounts is crucial to maintaining financial health and reaching your monetary goals. By adopting the practices outlined in this guide, you can confidently navigate the banking landscape, making informed decisions that strengthen your personal and business finances. Whether you're opening your first account or optimizing existing ones, remember that every step you take is a building block toward greater financial security and freedom.

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