Financial Education
What is a certified check and how can you make sure it’s valid?
We explain how to issue a certified check, how it differs from a cashier’s check, how much it costs, and how to verify it has funds.
8 min read
18 Dec 2025
What is a certified check and how does it work?
Certified checks are a common form of payment for thousands of immigrants living in the United States, especially for major purchases such as rent payments, buying a car, and legal settlements.
However, it is not always clear why the certification process matters and how it differs from other types of checks.
A certified check is a physical payment order that has been reviewed in advance by a financial institution to ensure there are sufficient funds in the issuer’s bank account. This is the fundamental reason it’s considered a safer form of payment than a personal check.
Below, we explain in detail what a certified check is, how it works, and why it’s important to understand the differences from other types of checks.
What is a certified check?
A certified check is a type of check with guaranteed funds, since the issuing bank has verified the money exists in the checking or personal account.
This makes it a safer form of payment than personal checks, because the bank sets aside the amount to be paid so it can be collected by the payee.
How is a certified check issued?
Issuing a certified check is a straightforward process you can complete directly at the financial institution of your choice.
- The customer requests the check
The account holder must go to a bank and request a certified check, specifying the payee and the amount.
- Customer identification
You must present an official ID to verify that you are the holder of the savings or checking account from which the funds will be drawn.
- The bank freezes the amount in the account
The bank then certifies there are sufficient funds to cover the check and freezes them to ensure the payee can cash it.
- Signature certification
You must sign the check before finishing the process so the bank can confirm the signature matches the one on file.
Affixing the certification stamp
Finally, once the bank has verified the funds and the signature, it places a certification stamp to document completion of the process.
Differences between a certified check and a cashier’s check
A cashier’s check is another way to make secure payments using a physical instrument. In this case, the bank branch issues the check after receiving the customer’s payment, so the funds come from the bank itself.
Below is a comparison between a cashier’s check and a certified check.
Cashier’s check
Certified check
Security
High; the bank verifies sufficient funds and places a hold for the payee.
Very high; the check is backed by the bank and does not depend on the issuer’s account.
Cost
At some banks they have no cost at others up to approximately $15.
Depends on the bank; typically $10–$20.
Issuance time
At the branch, after funds are verified.
Immediate.
When is a certified check typically required?
A certified check is commonly used for significant transactions or large amounts. This gives the recipient assurance that funds are available.
- Paying an apartment security deposit.
When finalizing a lease or purchasing an apartment, the landlord or agent may request payment via certified check to guarantee funds.
- Buying a used car.
Whether dealing directly with owners or dealerships, a certified check can be a suitable option because of the security it provides.
- Closing an important contract or legal settlement.
For example, to pay fees, settlements, or indemnities, certified checks provide security for both parties.
- For tuition or school fees.
Some educational institutions accept certified checks as a form of payment, especially for international or first-time payments.
Do you know what to do if a check is stolen or lost? We explain it here!
Practical tips for using certified checks safely
While certified checks are among the safest payment methods due to the bank’s verification process, there are still fraud attempts using forged documents.
With this in mind, keep these tips in mind to avoid becoming a victim of check fraud.
How to know if a check has funds and avoid scams
- Verify with the issuing bank.
Call the bank directly and provide the check number, account holder, and amount; ask them to confirm authenticity and that funds are guaranteed. Make sure you call the bank’s official number, not the one printed on the check.
- Be alert if you receive an overpayment check.
A common scam is sending a check for more than the amount due and asking for the difference in cash. Confirm the check’s validity with the bank before proceeding.
- Wait for the check to clear before handing over any goods.
Clearing can take 3–10 days. Make sure the funds have fully settled and are not just on hold.
- Avoid accepting checks from unknown parties.
Whenever possible, accept checks only from people you trust. If you must take a check, follow the security measures above.
Manage your money securely with Común
In this article we explained what a certified check is, how it’s issued, how it differs from cashier’s checks, and how to use this payment method safely.
While certified checks can be a good payment option, a checking account in the U.S. is a much more secure and practical way to manage money.
Meet Común, your financial ally in the United States!
Send, receive, and cash money within and outside the United States. Our platform lets you move your money easily, quickly, and securely. You need a qualifying official ID from your country of origin to get started.
Open your account with Común today and discover a financial platform tailored to you.
Frequently Asked Questions (FAQ)
Where can I get a certified check in the United States?
You can request certified checks at financial institutions such as banks, credit unions, and some digital banks.
How much does it cost to get a certified check at the bank?
The cost depends on the bank but is typically between $10 and $15.
What other types of checks exist in the U.S. besides certified checks?
Other types of checks in the United States include: Money order; Personal check; Cashier’s check.
About Común
Común aims to support the Latino community in the United States. It offers a debit account that can be opened with more than 100 valid Latin American IDs and an app available in Spanish.
Visit Común's website or download the app for free to learn more about the full offer and applicable terms.
Olivia Rhye
Community Partner
Financial Education
What is a certified check and how does it work?
8 min de lectura
What is a certified check and how does it work?
Certified checks are a common form of payment for thousands of immigrants living in the United States, especially for major purchases such as rent payments, buying a car, and legal settlements.
However, it is not always clear why the certification process matters and how it differs from other types of checks.
A certified check is a physical payment order that has been reviewed in advance by a financial institution to ensure there are sufficient funds in the issuer’s bank account. This is the fundamental reason it’s considered a safer form of payment than a personal check.
Below, we explain in detail what a certified check is, how it works, and why it’s important to understand the differences from other types of checks.
What is a certified check?
A certified check is a type of check with guaranteed funds, since the issuing bank has verified the money exists in the checking or personal account.
This makes it a safer form of payment than personal checks, because the bank sets aside the amount to be paid so it can be collected by the payee.
How is a certified check issued?
Issuing a certified check is a straightforward process you can complete directly at the financial institution of your choice.
- The customer requests the check
The account holder must go to a bank and request a certified check, specifying the payee and the amount.
- Customer identification
You must present an official ID to verify that you are the holder of the savings or checking account from which the funds will be drawn.
- The bank freezes the amount in the account
The bank then certifies there are sufficient funds to cover the check and freezes them to ensure the payee can cash it.
- Signature certification
You must sign the check before finishing the process so the bank can confirm the signature matches the one on file.
Affixing the certification stamp
Finally, once the bank has verified the funds and the signature, it places a certification stamp to document completion of the process.
Differences between a certified check and a cashier’s check
A cashier’s check is another way to make secure payments using a physical instrument. In this case, the bank branch issues the check after receiving the customer’s payment, so the funds come from the bank itself.
Below is a comparison between a cashier’s check and a certified check.
Cashier’s check
Certified check
Security
High; the bank verifies sufficient funds and places a hold for the payee.
Very high; the check is backed by the bank and does not depend on the issuer’s account.
Cost
At some banks they have no cost at others up to approximately $15.
Depends on the bank; typically $10–$20.
Issuance time
At the branch, after funds are verified.
Immediate.
When is a certified check typically required?
A certified check is commonly used for significant transactions or large amounts. This gives the recipient assurance that funds are available.
- Paying an apartment security deposit.
When finalizing a lease or purchasing an apartment, the landlord or agent may request payment via certified check to guarantee funds.
- Buying a used car.
Whether dealing directly with owners or dealerships, a certified check can be a suitable option because of the security it provides.
- Closing an important contract or legal settlement.
For example, to pay fees, settlements, or indemnities, certified checks provide security for both parties.
- For tuition or school fees.
Some educational institutions accept certified checks as a form of payment, especially for international or first-time payments.
Do you know what to do if a check is stolen or lost? We explain it here!
Practical tips for using certified checks safely
While certified checks are among the safest payment methods due to the bank’s verification process, there are still fraud attempts using forged documents.
With this in mind, keep these tips in mind to avoid becoming a victim of check fraud.
How to know if a check has funds and avoid scams
- Verify with the issuing bank.
Call the bank directly and provide the check number, account holder, and amount; ask them to confirm authenticity and that funds are guaranteed. Make sure you call the bank’s official number, not the one printed on the check.
- Be alert if you receive an overpayment check.
A common scam is sending a check for more than the amount due and asking for the difference in cash. Confirm the check’s validity with the bank before proceeding.
- Wait for the check to clear before handing over any goods.
Clearing can take 3–10 days. Make sure the funds have fully settled and are not just on hold.
- Avoid accepting checks from unknown parties.
Whenever possible, accept checks only from people you trust. If you must take a check, follow the security measures above.
Manage your money securely with Común
In this article we explained what a certified check is, how it’s issued, how it differs from cashier’s checks, and how to use this payment method safely.
While certified checks can be a good payment option, a checking account in the U.S. is a much more secure and practical way to manage money.
Meet Común, your financial ally in the United States!
Send, receive, and cash money within and outside the United States. Our platform lets you move your money easily, quickly, and securely. You need a qualifying official ID from your country of origin to get started.
Open your account with Común today and discover a financial platform tailored to you.
Frequently Asked Questions (FAQ)
Where can I get a certified check in the United States?
You can request certified checks at financial institutions such as banks, credit unions, and some digital banks.
How much does it cost to get a certified check at the bank?
The cost depends on the bank but is typically between $10 and $15.
What other types of checks exist in the U.S. besides certified checks?
Other types of checks in the United States include: Money order; Personal check; Cashier’s check.
Financial Education
How to Endorse a Check: Your Safe and Detailed Step-by-Step Guide
8 min de lectura
Despite the fact that digital payment methods have gained significant relevance practically worldwide, checks remain essential for carrying out certain transactions, especially for people without a banking account.
According to recent data, 61% of Americans still use checks. However, 17% have been victims of check fraud.
Knowing how to endorse a check in the United States is a necessary security measure to prevent fraud. While it can be a confusing procedure, it is crucial to understand it in order to avoid issues.
In this article, we will explain step-by-step how to correctly endorse checks, as well as the information you need to write on the back in order to cash the stated amount.
What Is a Check Endorsement and Why Is It So Important in the U.S.?
A check endorsement is a signature on the back of the check that serves as authorization for it to be cashed at a financial institution.
Its main function is to validate the cashing of the check, as well as authorize the transfer of funds, or to transfer the right to another person.
Knowing how to endorse a check is essential because it is a primary security requirement in the U.S. financial system, serving as a protection measure for the holder and the deposited funds.
What Is the Correct Way to Endorse a Check, and Where Should You Sign?
Below, we show you how to complete the endorsement before cashing checks at the bank.
Step 1: Verify the Check Details
Make sure the details on the front of the check are correct, such as the payee’s name, the amount in numbers and words, and the banking institution.
Step 2: Locate the Endorsement Area
Turn the check over and locate the statement “Endorse Here” or “Do not write below this line.” Avoid writing below the marked area.
Step 3: Sign the Check Precisely
Sign the check in the designated box, according to the type of endorsement you require. Next, we will explain everything about the different types.
But what should you do if the payee’s name is incorrect?
Example of How to Endorse a Check if the Name Is Misspelled
If the payee’s name is incorrect, you should first sign as it appears and then sign again with the corrected name.
James Smit — James Smith
Step 4: Consider a Restrictive Endorsement (Highly Recommended!)
A restrictive endorsement is a security measure to prevent an unauthorized third party from cashing the check, as it limits the form of payment to a registered banking account. It is linked to the information provided on the back of the check.
Step 5: Multiple-Payee Endorsements
If the check is made out to more than one payee, one or all may need to sign the endorsement, depending on how it is written.
- Katy Adams and Mark Palmer: Signatures from both are required
- Katy Adams or Mark Palmer: One signature is sufficient
- Katy Adams and/or Mark Palmer: Depending on the intermediary bank, one or two signatures may be required
- Katy Adams, Mark Palmer, etc.: The bank determines whether one or all signatures are necessary
Types of Endorsements: Know the Options for Your Checks
Before endorsing your check, verify which type is most suitable depending on the transaction you need to perform. For example, a restrictive endorsement is a way to secure your money, just like using modern financial alternatives such as Común, a comprehensive service that gives you access to unified and efficient financial tools.
Blank Endorsement
A blank endorsement is carried out when the same payee cashes the check in cash. In this case, only the signature in the designated area is needed.
Restrictive Endorsement
A restrictive endorsement is a security measure to ensure that the funds are deposited into a specific banking account.
To do this, you must include the statement “for deposit only to” + bank name, account number, and signature.
This is the most recommended method for Común users who make deposits via mobile, as it provides protection for the check in case of loss and ensures that the money is deposited into the designated account.
Third-Party Endorsement
If the check will be cashed by a third party, it must be endorsed as follows.
Pay to the order of: (name of another person) + signature
It is important to exercise extreme caution with this type of endorsement. Use it only with trusted individuals, and in case of theft or loss of a check, report it to the financial institution immediately.
Business Endorsement
A business endorsement is made when a check is cashed in the name of a company. This requires including the full name of the company, followed by the signature of the authorized legal representative.
Mobile Deposit Endorsement
To deposit check funds through a mobile application or mobile banking, it must be endorsed as follows:
For mobile deposit only + your signature.
Deposit your endorsed check easily and securely using Común
Cashing checks is a process that requires special care and attention in order to avoid mistakes and setbacks that could affect the transaction.
This time, we learned the importance of correctly endorsing a check in the United States, as well as the different types that exist, according to the available cashing methods.
Now that you know how to fill out a check on the back, you can rely on Común to deposit the funds through the mobile app.
Skip the lines: Deposit your check from the app; availability of funds may vary.
Común offers you the necessary security to protect your money and personal data
It is an accessible platform for immigrants in the United States; request to open your account with documentation from your country
Get customer support in English and Spanish, available 24/7
Access a comprehensive mobile app to manage your personal finances in the simplest way
Común will not only make the check deposit process easier, but it will also transform your financial life in the United States. Open your account today and find out.
Frequently Asked Questions
Is it mandatory to endorse a check in the United States?
In most cases, yes, it is necessary. If you request a deposit through an ATM or application, the bank may not require an endorsement.
What happens if I sign the check incorrectly when endorsing it?
Avoid cross-outs or scratches and endorse the check again. If the bank rejects it, ask the issuer to issue a new one.
Can I endorse a check to another person?
You can endorse a check so that it can be cashed by another person with the statement “pay to order of” along with the payee’s name. However, this process is restricted according to each bank’s specific policies.
Is it safe to deposit a check with the mobile app?
It is safe to deposit a check through the Común mobile app, as your data is encrypted and it includes other security measures such as two-step verification.
International Money Transfers
How to make an international money transfer? Costs, times and requirements
8 min de lectura
For immigrants in the United States, sending money to their home countries regularly is essential. Therefore, it is important to have access to affordable and accessible financial services.
If you want to know how to make an international money transfer, it is crucial to first compare the different providers of this service and choose the one that offers the most advantages for you and your family.
Comun stands out as a popular option among immigrants because it allows them to send money abroad from the United States, offering advantages in terms of cost, speed, and other key factors.
Below, we provide a comparison table that includes Comun and traditional financial institutions in the United States, such as Bank of America and Wells Fargo:
| Comun | Traditional Financial Institutions | |
|---|---|---|
| Fee | Transfer fee starting at 2.99 USD up to applicable limits | From 10 to 45 USD, depending on the bank |
| Intermediary fees | $0 USD | May generate extra fees from intermediary banks |
| Exchange rate | Competitive | Higher margin than official |
| Speed | Instant to a few minutes (average 8) | From 1 to 5 business days |
| Estimated total fee | 2.99 USD transfer fee + exchange rate, with no extra charges (The first transfer has no fee. Subsequent transfers have a fee starting at $2.99 USD, up to the applicable limit. ATM or intermediary charges may apply; check the app for more details). | From 20 to 60 USD, due to fees and less favorable exchange rates |
How Does an International Money Transfer Work?
The first point to understand is the types of bank transfers available, as this determines the final cost of sending an international money transfer.
In the United States, there are two types of international money transfers: through traditional banks or through specialized services for sending money abroad.
International Money Transfers via Traditional Banks
- Supported by official U.S. financial institutions and security measures, including:
- Identity verification (KYC/CIP) and ongoing AML monitoring (BSA).
- OFAC sanctions screening for senders and recipients.
- Consumer protections for remittances under Regulation E (pre-transfer disclosures, cancellation rights, and error resolution).
- Network and messaging security standards (e.g., SWIFT Customer Security Program).
- Multi-factor authentication and encryption for online banking access.
- A U.S. bank account is mandatory
- Operates through the SWIFT code
- Generates higher fees due to intermediaries
- Transfer time may take up to 5 business days
International Transfers via Specialized Applications
- Operates through digital networks connected with banks or physical branches in each recipient country
- Lower fees, as they do not use intermediaries and offer more competitive exchange rates
- Money transfers are completed within minutes or hours
- A U.S. bank account is not mandatory to use these services
Before paying unnecessary fees, make sure to choose the best international money transfer provider and make the most of your money.
Steps and Requirements for Making an International Money Transfer
Below, we outline what is needed to easily make an international bank transfer from the United States, whether you choose a traditional bank or a specialized application for this type of service:
1. Choose a Provider
Some of the traditional banks you can use are Chase, Bank of America, Capital Bank, Citibank, and Wells Fargo. If you don't have a US bank account, you'll need to make sure you have the necessary requirements to open an account, such as a Social Security Number (SSN). For the aforementioned banks, you can present an ITIN instead, along with a government-issued ID.
Another factor to consider is how long an international money transfer takes, as traditional banks usually take longer due to intermediaries involved in the process.
If you prefer a specialized application for international money transfers due to the flexibility they offer compared to banks, an excellent alternative is Comun, which allows you to transfer money from your phone without complications or intermediaries.
2. Create an Account
General Requirements for Opening an Account at a U.S. Bank
- Valid passport or immigration document
- Social Security Number (SSN)
- Individual Taxpayer Identification Number (ITIN)
- Proof of address in the United States
- Some banks require an initial deposit of approximately $25 USD
Depending on the bank, you may open the account online or by visiting a branch for data verification.
Requirements for Opening an Account with Comun
- Mobile phone compatible with Android or iOS
- Email address
- Official foreign identification
- Have a US residential address
In both cases, you will have access to a debit card and a mobile application that will allow you to make international money transfers and other transactions from the palm of your hand.
3. Enter Transaction Details
Once you activate your account, enter the information required for an international money transfer:
- Full name of your recipient, as it appears on their official ID
- Recipient’s phone number
- Recipient’s address (only if sending money to a bank account)
- Recipient’s account number (only if sending money to a bank account)
- SWIFT code (if transferring through a traditional bank)
Then, enter the amount you wish to send.
Comun and other specialized applications also allow cash pickup at physical locations, so your recipient does not need a bank account.
4. Review Costs and Rates
Next, review the international money transfer fees as well as the exchange rate, as these will impact the final amount your recipient receives.
The cost of an international money transfer depends on several factors, which we detail below.
5. Send the Money
Once you confirm that the information entered is correct, authorize the transfer, including any additional fees.
Comun allows you to track your transfers through its application, whether you choose to send money to a bank account or opt for cash pickup at a physical location.
Remember that transfer speed depends on the platform, and traditional banks can take up to 5 business days to complete these transactions.
6. Confirm Receipt
Finally, confirm with your recipient that the transfer was received within the stipulated timeframe. You can generate a transaction receipt directly in the mobile application.
Everything About the Cost of Sending Money Abroad from the U.S.
International money transfers are a common practice among immigrants in the United States.
That is why it is essential to detail the factors that influence the cost of transfers, as well as the best options for sending remittances to your family quickly and without complications.
These are the main factors to consider when calculating the cost of your international money transfers:
- Transfer Fees
International transfers incur a fee, which varies depending on the platform, whether it's a traditional bank or a specialized app.
Another factor that affects the fee level is the method used to send the money. The price can vary depending on whether the transaction is made through a website, an app, or at a physical branch.
International money transfer fees at traditional banks vary depending on the financial institution. Here are some examples:
- Bank of America: $45 USD
- Wells Fargo: from $25 to $40 USD
- Citibank: from $25 to $35 USD
- Truist Bank: $65 USD
On the other hand, some mobile applications offer international money transfer options for less than $3 USD, which is much more beneficial for the economy of foreign workers.
- Exchange Rate
The exchange rate also significantly impacts the final amount your recipient receives. It refers to the value applied by the platform when converting the dollar amount to the local currency.
Traditional banks generally use a lower rate than the official rate. For example, if the Mexican peso is officially 18.00, banks might apply approximately 17.20 MXN.
This means that if you send $300 USD, your recipient could receive about $13 less (240 MXN less), not counting the bank fees, which make the cost even higher.
- Hidden Fees
In addition to international money transfer fees, traditional banks may charge additional fees if intermediary banks are involved in processing the transfer.
We recommend checking all costs involved and choosing a competitive option that does not reduce the total amount your family will receive.
Comun is an excellent alternative for making international money transfers, as your first transfer fee is waived, and subsequent transfers have a fee starting at $2.99 USD per transfer, up to applicable limits, with no hidden fees or intermediaries.
Review our comparison table between traditional banks and Comun at the beginning of this article, and choose the best option for your money.
Want to Make Secure International Money Transfers? Do It Easily with Comun
In this article, we presented how to make an international money transfer from the United States through traditional banks or specialized applications such as Comun, an excellent choice for immigrants.
Comun is the solution for bringing immigrant families closer together through affordable and low-cost remittances.
Why Choose Comun for International Money Transfers?
- Easily open your account with official documentation from your country
- Send money to your family with a transfer fee starting at $2.99 USD, up to the applicable limits.
- Your money will arrive within minutes
- Access a mobile application and Visa debit card for better control of your finances
Discover an easy and fast way to access the financial services you deserve. Open your account with Comun and forget about complications.
Instant payments
Transferencias de Dinero en Tiempo Real: Cómo Funcionan las Transferencias Instantáneas
8 min de lectura
¿Qué es la Red de Pagos en Tiempo Real (RTP)?
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:
- Disponibilidad Inmediata de Fondos: Los fondos están disponibles para el destinatario en segundos después de iniciar la transacción.
- Comunicación Mejorada: El sistema RTP admite mensajería detallada, lo que permite a los remitentes y destinatarios intercambiar información sobre el pago.
- Mayor Seguridad: Las medidas avanzadas de cifrado y autenticación ayudan a proteger las transacciones contra fraudes.
Características Clave de la Red RTP
- Velocidad: Las transacciones se completan en segundos, proporcionando disponibilidad inmediata de fondos al destinatario.
- Seguridad: La red RTP emplea protocolos avanzados de cifrado y autenticación para garantizar la seguridad de las transacciones.
- Transparencia: Las actualizaciones y confirmaciones en tiempo real permiten que ambas partes sigan el estado de sus pagos al instante.
- Interoperabilidad: La red RTP está diseñada para funcionar sin problemas con varias instituciones financieras, lo que permite una amplia compatibilidad y adopción.
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.
¿Cómo Funcionan los Pagos en Tiempo Real?
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.
El Proceso de 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
- El remitente inicia un servicio de pago a través de la plataforma en línea de su banco o una aplicación móvil.
- Se ingresan detalles esenciales como la información de la cuenta del destinatario, el monto y el propósito del pago.
Validación y Autenticación
- El banco del remitente valida los detalles del pago y autentica la identidad del remitente.
- La verificación incluye comprobar que haya fondos suficientes en la cuenta del remitente para cubrir la transacción.
Transmisión del Pago
- Una vez validado, el pago se transmite a través de la red RTP.
- La red RTP facilita el intercambio de datos en tiempo real entre los bancos del remitente y del destinatario.
Procesamiento del Banco Receptor
- El banco receptor recibe las instrucciones de pago y verifica su autenticidad.
- Luego, el banco receptor acredita la cuenta del destinatario con el monto especificado.
Confirmación en Tiempo Real
- Tanto el remitente como el destinatario reciben notificaciones en tiempo real que confirman la transacción exitosa.
- Esta transparencia asegura que ambas partes estén al tanto del estado del pago de inmediato.
Plataforma digital financiera diseñada para tu vida en USA
Abre tu cuenta corriente¹ en 3 minutos con la ID de tu país²
Infraestructura Técnica Detrás de los Pagos en Tiempo Real
El funcionamiento fluido de los pagos en tiempo real depende de una infraestructura técnica robusta. Los componentes clave incluyen:
- Pasarelas de Pago: Facilitan la transferencia de datos de pago entre los bancos y la red RTP.
- APIs (Interfaces de Programación de Aplicaciones): Permiten que los bancos integren sus sistemas con la red RTP, asegurando una comunicación y procesamiento de transacciones sin problemas.
- Protocolos de Cifrado: Protegen los datos de la transacción durante la transmisión, evitando el acceso no autorizado.
- Sistemas de Detección de Fraude: Algoritmos avanzados y modelos de aprendizaje automático monitorean las transacciones en tiempo real para detectar y prevenir actividades fraudulentas.
Medidas de Seguridad en los Pagos en Tiempo Real
Garantizar la seguridad de los pagos en tiempo real es fundamental. Se implementan varias capas de seguridad para proteger las transacciones:
- Autenticación Multifactor (MFA): Se requiere que los usuarios verifiquen su identidad mediante varios métodos de autenticación, como contraseñas, datos biométricos o códigos de un solo uso.
- Cifrado: Todos los datos de las transacciones se cifran durante la transmisión para evitar la interceptación y el acceso no autorizado.
- Tokenización: La información sensible, como los números de cuenta, se reemplaza con tokens únicos que solo pueden ser interpretados por partes autorizadas.
- Monitoreo Continuo: Las transacciones se monitorean continuamente en tiempo real para detectar cualquier patrón inusual que pueda indicar actividad fraudulenta.
Ejemplos de Casos de Uso de Pagos en Tiempo Real
Los pagos en tiempo real se utilizan en diversos escenarios, mejorando la eficiencia de las transacciones financieras en diferentes sectores:
- Transferencias de Persona a Persona (P2P): Amigos y familiares pueden enviarse dinero al instante, independientemente del banco que utilicen.
- Pagos de Empresa a Empresa (B2B): Las empresas pueden pagar a proveedores y socios de inmediato, mejorando la gestión del flujo de caja y las operaciones comerciales.
- Pagos de Empresa a Consumidor (B2C): Las empresas pueden pagar a empleados, contratistas o proveedores de servicios al instante, asegurando una compensación oportuna.
- Transacciones de Comercio Electrónico: Los minoristas en línea pueden recibir pagos al instante, lo que permite un procesamiento y envío de pedidos más rápido.
Ventajas de los Pagos en Tiempo Real
Los beneficios de los pagos en tiempo real son multifacéticos y ofrecen ventajas significativas sobre los métodos de pago tradicionales:
- Velocidad: Las transacciones instantáneas eliminan los períodos de espera para que los fondos estén disponibles.
- Conveniencia: Las transacciones se pueden realizar en cualquier momento, desde cualquier lugar, sin las restricciones de los horarios bancarios.
- Eficiencia: Simplifica las operaciones financieras tanto para individuos como para empresas, reduciendo el tiempo y el esfuerzo necesarios para procesar pagos.
- Transparencia: Las notificaciones y confirmaciones inmediatas mantienen a todas las partes informadas en tiempo real.
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.
RTP vs. Otros Tipos de Pago
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.
RTP vs. ACH
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:
- Velocidad:
- RTP: Las transacciones se procesan al instante, con fondos disponibles para el destinatario en segundos.
- ACH: Las transacciones generalmente tardan de uno a tres días hábiles en liquidarse, ya que se procesan en lotes.
- Disponibilidad:
- RTP: Opera las 24 horas del día, los 365 días del año, lo que permite realizar transacciones en cualquier momento, incluidos fines de semana y días festivos.
- ACH: Limitado a días y horas hábiles, sin procesamiento los fines de semana ni días festivos.
- Costo:
- RTP: Aunque los costos pueden variar, las transacciones RTP suelen tener tarifas competitivas, que pueden ser más bajas que las de los servicios ACH acelerados.
- ACH: Generalmente son de menor costo para transacciones estándar, pero las transferencias ACH aceleradas pueden incurrir en tarifas más altas.
- Transparencia:
- RTP: Proporciona confirmaciones de transacciones en tiempo real y capacidades de mensajería detalladas, mejorando la transparencia.
- ACH: Las notificaciones suelen retrasarse, y los mensajes detallados de transacciones no son tan sólidos.
- Casos de Uso:
- RTP: Ideal para pagos urgentes, transferencias entre personas (P2P) y transacciones comerciales que requieren disponibilidad inmediata de fondos.
- ACH: Adecuado para nóminas regulares, pagos de facturas y transacciones en masa donde la disponibilidad inmediata no es crítica.
RTP vs. Pagos Inmediatos
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:
- Tiempo de Procesamiento:
- RTP: Las transacciones se liquidan al instante, proporcionando disponibilidad inmediata de fondos.
- Pagos Inmediatos: A menudo se procesan en segundos o minutos, pero los tiempos de liquidación pueden variar según el proveedor de servicios.
- Costo:
- RTP: Generalmente más rentable, especialmente para transacciones de alto valor, ya que las tarifas suelen ser más bajas en comparación con las tarifas de procesamiento de tarjetas de crédito.
- Pagos Inmediatos: Las transacciones con tarjeta de crédito pueden incurrir en tarifas más altas debido a los cargos de procesamiento y tarifas de intercambio.
- Seguridad:
- RTP: Emplea cifrado avanzado, autenticación multifactor y monitoreo continuo para la detección de fraudes.
- Pagos Inmediatos: Las medidas de seguridad varían según el proveedor, pero generalmente incluyen cifrado y monitoreo de fraudes.
- Uso:
- RTP: Se utiliza para una amplia gama de transacciones, incluidas las transferencias P2P, pagos B2B y B2C.
- Pagos Inmediatos: Comúnmente utilizados para transacciones de consumo, compras en línea y pagos de pequeñas empresas.
- Disponibilidad:
- RTP: Siempre disponible, independientemente de la hora o el día.
- Pagos Inmediatos: La disponibilidad depende del proveedor de servicios, pero muchos ofrecen procesamiento casi instantáneo.
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
Aplicaciones de Transferencia Instantánea
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.
Aplicaciones de Transferencia Instantánea Populares
- Venmo: Una aplicación ampliamente utilizada que permite a los usuarios enviar y recibir dinero con amigos y familiares, con una interfaz similar a las redes sociales para mayor conveniencia.
- Zelle: Integrada con los principales bancos, Zelle ofrece transferencias directas de banco a banco, lo que la hace conveniente para los usuarios con cuentas en instituciones financieras participantes.
- Común App: Común es una recién llegada al mercado de aplicaciones de transferencia instantánea, ganando atención por su interfaz fácil de usar y su enfoque en servicios financieros impulsados por la comunidad inmigrante. Con Común, los usuarios pueden enviar dinero al instante a amigos, familiares y negocios, mientras acceden a una gama de funciones diseñadas para empoderar financieramente a las comunidades.
Estas aplicaciones han hecho que las transferencias instantáneas sean accesibles a un público más amplio, simplificando el proceso de enviar y recibir dinero.
Conclusión
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.
Living in the United States
Minimum wage in the United States in 2026: Complete guide by state
8 min de lectura
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.
| Rate | State(s) | Notes |
|---|---|---|
| $17.95 | Washington, D.C. | Highest in U.S. Adjusted annually on July 1 via CPI formula |
| $17.13 | Washington State | Highest state, CPI-indexed; first state to exceed $17 statewide |
| $16.94 | Connecticut | — |
| $16.90 | California | Fast food workers at chains with 60+ locations: $20.00/hr. No tip credit permitted. |
| $16.00 | New York (rest of state) · Hawaii · Rhode Island | New York City, Long Island & Westchester: $17.00/hr · Hawaii from $14.00 in 2025 |
| $15.92 | New Jersey | Lower rate applies for small employers (≤5 employees) |
| $15.74 | Oregon | Portland metro area: $17.00/hr · Non-urban areas: $14.20/hr · CPI-indexed annually |
| $15.16 | Colorado | Denver: $19.29/hr · CPI-indexed annually |
| $15.15 | Arizona | CPI-indexed annually |
| $15.10 | Maine | — |
| $15.00 | Delaware · Illinois · Maryland · Massachusetts · Missouri · Nebraska | Local rules may apply |
| $14.42 | Vermont | CPI-indexed annually |
| $14.00 | Alaska · Florida | Alaska increase effective July 1, 2026; Florida effective September 30, 2026 |
| $13.73 | Michigan | Scheduled to reach $15.00 on Jan 1, 2027 |
| $12.77 | Virginia | Legislation passed to reach $15.00 by 2028 |
| $12.00 | Nevada · New Mexico | State rate applies where higher than federal |
| $11.85 | South Dakota | CPI-indexed annually |
| $11.41 | Minnesota | CPI-indexed |
| $11.00 | Ohio | CPI-indexed · Businesses with gross receipts under $394,000: $7.25/hr |
| $10.85 | Montana | CPI-indexed annually |
| $10.55 | Arkansas | State rate applies where higher than federal |
| $7.25 | Texas · Idaho · Indiana · Iowa · Kansas · Kentucky · New Hampshire · North Carolina · North Dakota · Oklahoma · Pennsylvania · Utah · Wisconsin | Federal FLSA minimum generally applies to covered employers |
| $5.15* | Georgia · Wyoming | *State law is lower, but FLSA-covered employers must pay the federal $7.25 |
| No state minimum wage law | Alabama · Louisiana · Mississippi · South Carolina · Tennessee | No state minimum wage statute; federal $7.25/hr applies under the FLSA for covered employers |
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):
| Hourly Wage | Monthly Income (approx.) | Annual Income (approx.) |
|---|---|---|
| $7.25 | ~$1,256 | ~$15,080 |
| $13.00 | ~$2,253 | ~$27,040 |
| $16.50 | ~$2,860 | ~$34,320 |
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.
Financial Education
How does cashback reward work? 3 practical tips to make the most of it and improve your finances
8 min de lectura
One way to improve personal finances and optimize expenses is to apply modern, automated savings alternatives linked to daily purchases through various payment methods.
Los programas de recompensas con reembolso son una alternativa para que tu dinero rinda más, ya que ofrecen recompensas que te permiten obtener reembolsos en tus compras.
There are different ways to access these types of benefits: through automatic promotions from some credit cards, shopping platforms that reward users for shopping at their partner stores, and certain mobile applications that credit cashback for purchases like fuel.
Knowing and applying these strategies will help you improve your financial management and reduce your worries. Comun is the platform that helps you improve your financial relationship and make your life easier.
Below, we’ll explain how cashback reward works and share some tips to get the most out of it with the right financial platforms.
What is cashback and how does it work?
Cashback can be understood as a discount on your purchases. You earn cashback after buying a qualifying product or at a participating store.
Cashback appears in everyday purchases — for example, when you go to a café and pay with an eligible card, when you shop through an app that offers this benefit, or when you pay for gas with a cashback-enabled card.
Although the ultimate goal of cashback is to reduce part of the cost, it has some differences compared to traditional discounts.
Cashback Reward
Traditional discounts
Definition
Returns a percentage of your purchases after you make them.
Reduces a product’s price before purchase.
Advantages
- Generates passive savings, even with regular prices. Some programs combine other additional benefits.
- Immediate savings.
- Available to all users, please note some might require registration.
Disadvantages
The cashback reward can take several days or weeks to be credited. Available only with participating cards or mobile apps.
- Availability depends on each store or seller.
- Most discounts cannot be combined with other promotions.
The cashback reward varies depending on the financial institution or program offering it. To calculate it, use the following formula if cashback reward is by percentage:
Total Cashback Reward = (purchase amount) × (cashback percentage)
For example, if your debit or credit card offers 2% cashback and you spend $100, you get $2 back.
Here are the some of the ways to receive the cashback reward, depending on the program:
- Automatic deposit into the same account used.
- Balance accumulated in points until reaching a minimum withdrawal amount.
- As a credit valid for future purchases.
Benefits of cashback reward for your personal finances
Cashback reward is a very useful tool to make the most of every dollar spent, saving amounts that might seem small at first but make a difference later when buying essentials.
Therefore, cashback reward encourages financial education by promoting consistency and smart shopping habits.
Here are some practical advantages of cashback reward:
- You recover part of your spending: every time you make a purchase, you could earn some money back.
- Better expense control: generally, cashback reward providers offer a mobile app where you can view your expenses by category.
- Take advantage of offers without hurting your budget: cashback rewards you for making your usual purchases without falling into compulsive spending habits.
Remember that consistency is key when using cashback reward to ease future expenses such as gas, groceries, or medicine — and to increase your ability to save and send more money to your loved ones in your home country.
3 practical tips to use cashback reward wisely
Using cashback reward is itself a smart way to handle daily purchases. Keep these tips in mind to make the most of this benefit.
1. Make regular purchases like groceries, transport, or planned services
Use cashback reward only for purchases already included in your budget. This allows you to earn rewards from items you always buy, without falling into poor spending habits.
2. Avoid buying unnecessary things just to get cashback reward
The fact that a product offers a cashback reward, no matter how high, isn’t reason enough to buy it if you don’t really need it.
3. Track the money you get back each month
It’s advisable to track how much cashback you earned each month and ensure it’s credited back correctly, which helps you know exactly how much you’re saving and motivates you to maintain good financial habits.
You can use spreadsheets or cashback reward mobile apps that include financial management tools to help with this.
Move your money easily with Comun
In this article, we explained what cashback reward means, its benefits, how it works, and ways to use it wisely.
The habit of saving is essential, especially for immigrants living in the United States who seek to improve their quality of life and that of their families. While cashback reward helps optimize regular purchases, Comun simplifies financial management through a comprehensive platform.
Comun is the financial platform designed to ease financial management for immigrants in the United States.
Discover all the benefits Comun has for you!
- Send money from the United States to Latin America with clear and competitive fees, up to the applicable limits.
- You can open an account with a qualifying official identification from your home country.
- Access your financial history from an intuitive and friendly mobile app.
- Get a debit card to cover your daily expenses.
Remember that managing the savings you earn through cashback reward will allow you to support your family’s projects and goals.
Turn your cashback reward into more opportunities for you and your family.
Frequently Asked Questions (FAQ)
If you still have questions, check the section below.
Can I use cashback reward for my daily expenses?
Yes, cashback reward is designed to give you a percentage back from everyday purchases such as gas, groceries, and public transportation. However, it’s not recommended to use cashback reward as motivation to make unnecessary purchases.
Do I need a credit card to get cashback ?
Although credit cards are one of the most common ways to earn cashback reward, they are not required — there are other alternatives such as debit cards with cashback or digital accounts, as well as platforms like Rakuten, Ibotta, Upside, or Honey.
What is cashback on credit cards?
Cashback on credit cards is a way to earn a percentage of cashback for your purchases. Some financial institutions also offer bonuses or additional benefits. If you use a credit card, make sure to pay the full balance to avoid interest charges.
What is cashback on debit cards?
It’s a benefit that gives you a percentage of your purchases back directly to your debit card.
International Money Transfers
What banks does Zelle have in Mexico? A Complete Guide to Sending and Receiving Money from the U.S.
8 min de lectura
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:
- Ally Bank
- Bank of America
- BMO Harris Bank
- Capital One
- Chase (JPMorgan Chase)
- Citibank
- Citizens Bank
- Discover Bank
- Fifth Third Bank
- FirstBank
- Frost Bank
- Huntington Bank
- PNC Bank
- Regions Bank
- TD Bank
- Truist Bank
- US Bank
- 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.
Immigration
How to Create a Resume in the United States: Step-by-Step + Template
8 min de lectura
Practical Guide + Template to Create Your Resume in the United States
Getting a stable and well-paid job is the main goal of thousands of immigrants who come to the United States in search of a better quality of life.
For this reason, it’s essential to have an optimized resume (“CV”) that summarizes personal information, work experience, academic background, and all relevant details for recruiters and hiring managers.
You’ve probably faced the challenge of writing and refining a CV to apply for a job in your home country.
However, knowing the standards in Latin America is not enough, as U.S. resumes have key differences, such as length and focus on measurable results.
Mastering a new resume format can be challenging, and the process can be frustrating if you don’t hear back after sending multiple applications.
This doesn’t necessarily mean you lack the required skills — your resume might simply need some adjustments to get noticed by U.S. recruiters.
In this article, we aim to make the process easier for immigrant job seekers through a complete guide and sample resumes that will help you create your own by the end of the reading.
Differences Between a U.S. Resume and a Latin American CV
Even if you know how to write a resume in Latin America, it’s essential to understand the key differences compared to the U.S. standard.
Here are the main differences between a professional CV in Latin America and a U.S. resume.
- Length
In Latin America, it’s common to see two-page CVs, while the American resume is usually limited to one page.
- Focus on Quantifiable Achievements
U.S. recruiters look for quantifiable data and measurable results, while in Latin America it’s more common to include task descriptions and responsibilities.
- No Photo, Age, or Marital Status
To prevent discrimination, U.S. resumes do not typically include a photo, age, or nationality.
- Use of Keywords to Pass ATS Filters
The use of ATS (Applicant Tracking Systems) to detect keywords is widespread among U.S. companies.
- Format
While Latin American CVs often use colorful or elaborate designs, U.S. recruiters prefer minimalist formats to make information easier to read.
Understanding these differences is crucial for immigrants, as it increases the chances of being considered by both recruiters and automated systems.
7 Steps to Create a Resume in the United States
Here’s a step-by-step guide to writing a strong U.S. resume that passes ATS filters and captures recruiters’ attention.
Step 1. Choose the Right Format
Avoid flashy designs, as they can make reading difficult and hurt your ATS score. Choose a clean, organized, and easy-to-scan format.
Step 2. Fill in Your Contact Information
Include your full name, U.S. phone number, professional email address, and LinkedIn profile link.
Remember that you do not need to include a photo, date of birth, or marital status.
Step 3. Write Your Professional Summary
Your profile should be concise and include relevant keywords. This section should be a short paragraph summarizing your work history, interests, achievements, and career goals.
Step 4. Clearly Present Your Work Experience
It’s essential to list your work experience clearly and in chronological order.
- Use bullet points to list your most recent positions, including company name, job title, start and end dates.
- Highlight measurable achievements in each position.
To write your professional achievements, use the XYZ formula, structured as follows:
- X: what you did
- Y: how you did it
- Z: the result achieved.
For example:
“Improved the brand’s visual identity through an e-commerce rebranding project, reducing cart abandonment by 50%.”
Step 5. Your Education
List your academic background, including institution name, degree, and attendance dates.
Step 6. Highlight Your Skills
The skills section is key to making your resume stand out.
It’s recommended to separate this section into soft skills and technical skills.
- Soft skills: communication, teamwork, time management, attention to detail.
- Technical skills: design and editing software.
Step 7. Optional Sections
Depending on the vacancy and your profile, you can include additional sections, such as languages, certifications, or volunteer experience.
This information can set you apart from other candidates, as it gives you additional skills that could be relevant to the position.
Example of a U.S. Resume
Here’s an example of how an optimized resume should look, according to U.S. company standards.
On this page, you can download CV templates in English to customize yours according to your experience.
The last step is to adapt this example to your own professional profile and career path, which may differ depending on whether you are a recent graduate or already have experience.
- Recent graduate: if you have no experience, focus on your academic background, highlighting valuable projects, professional internships, volunteer work, and personal projects.
- Professional with experience: adapt the example to your own work history and use the XYZ formula to highlight your professional achievements.
Common Mistakes to Avoid When Writing a Resume in the U.S.
Here are some things to avoid when writing your resume.
- Using the same resume for every job: try to tailor your resume to the job you are applying for.
- Including a photo or unnecessary personal details: remember that in the United States, this data is irrelevant.
- Poorly translating key terms: if you have doubts about how to translate a term from Spanish to English, consult a translator or compare different sources on the internet.
- Making it too long: your resume should not exceed one page; otherwise, it may be discarded even if you have the necessary skills.
- Using a graphic-heavy design that doesn’t pass ATS filters: you may think that recruiters like resume templates with eye-catching designs, but the truth is that they are unlikely to pass ATS filters.
Común, Your Ally for Financial Stability in the United States
Having a strong resume is key to successfully entering the U.S. job market.
Just as a resume opens the door to great job opportunities, Común opens the door to financial stability for immigrants.
Discover Común, the option designed to serve the needs of immigrant communities in the U.S., with service available in Spanish.
Discover All the Benefits of Común!
- Open a checking account with a qualifying official identification from your home country.
- Mobile app available in Spanish and English.
- Easily receive payments from employers, cash checks, and send international money transfers to Latin America.
Discover Común, the option dedicated to meeting the needs of immigrant communities in the United States with services available in Spanish.
Frequently Asked Questions (FAQ)
If you still have questions, check out the next section.
Is It Necessary to Include References in the Resume?
It’s not necessary to include references in your resume, as companies usually request them later in the hiring process.
What Are the 3 Most Important Details in a Resume?
The 3 most important details are: contact information, professional experience, and skills.
What Language Should My Resume Be In When Applying in the U.S.?
The resume format used in the U.S. is becoming common in other countries, so the language should match the job posting.
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Financial Education
What is a wire transfer? A complete guide to sending money in the U.S.
8 min de lectura
Every day, millions of people in the United States rely on different methods to send money safely and quickly, whether within the country or, in the case of immigrants, to their countries of origin.
The wire transfer is one of the most popular methods for sending money through financial institutions that provide backing and traceability to ensure the recipient receives the funds.
According to Federal Reserve (Fedwire) data, in 2024 there were 209.9 million wire transfers, representing 8.6% growth compared to the prior year.
Today, the dynamism of the financial system has led to different solutions for making domestic and international money transfers. That is why it is important to understand what a wire transfer is, how it works, and its advantages and disadvantages.
How does a bank transfer or wire transfer work?
A bank transfer or wire transfer is an electronic method of sending money from one bank account to another in real time and without the need for cash. It is especially advisable for transmitting large amounts when extra security is required.
The mechanism for using this transfer service is as follows.
Initiation by the sender
To make an electronic transfer, the sender must initiate the process, either in person (at a bank) or digitally (through a mobile application).
At the beginning of the process, it is necessary to provide the recipient’s information in order to complete the transaction.
Sending of instructions
The bank or financial institution verifies and validates the funds, as well as their sufficiency or insufficiency in the sender’s bank account.
Receipt and crediting
Once the information has been validated, the funds are sent to the indicated account through secure networks according to the type of money transfer.
- Fedwire: a system operated by the National Reserve, for transfers of large amounts of money within the United States
- CHIPS: a system operated by The Clearing House, for international transfers
Advantages and disadvantages of bank transfers (Wire Transfers)
Making a wire transfer has several pros and cons, such as the following.
Advantages
Speed
In the case of domestic wire transfers, the money is deposited within minutes or in less than one business day, making it advisable for urgent payments.
For international bank transfers, the time can range from 1 to 3 business days, so you should consider this limitation if you need to send money outside the United States.
Security
Money moves through official U.S. networks, which provides certainty and facilitates tracking. It also reduces the risk of fraud and scams by dispensing with traditional payment methods such as cash or checks.
Ideal for large amounts
Compared with other transfer platforms (such as Zelle, Western Union, and ACH transfers), wire transfers do not have send limits that are as low, making them ideal for moving large amounts of funds safely and quickly.
Traceability
When a wire transfer is made, each movement is recorded through the networks used, making it easy to trace the money if any issue arises during the process.
Disadvantages
Cost
Banks charge transfer fees that are considerably higher compared with other alternatives.
The cost of domestic transfers ranges from $15 to $30 USD, while international transfers can exceed $50 USD if intermediary institutions must participate in the process.
Irreversibility
If an error is made or you are the victim of fraud, a transfer cannot be reversed. In addition, the bank is not responsible for erroneous electronic payments that were duly authorized.
Detailed information required
To complete the transfer, precise information is required, such as the SWIFT code and the recipient’s name. If a figure is incorrect, the operation will still be carried out.
There are more accessible alternatives for making electronic transfers, such as Común, which provides access to a mobile application and a debit card, with simple procedures. In addition, Común account funds are FDIC insured up to the applicable limits through an FDIC-insured bank.
Required information and how to make a Wire Transfer effectively
Before making an electronic transfer, it is crucial to gather the necessary information so that your money reaches its destination without issues.
Essential data to send a wire transfer
Recipient’s full name
Make sure to write it exactly as it appears on their account.
Name of the receiving bank
Write the bank’s full name, without acronyms or abbreviations.
Routing number (ABA) for domestic transfers in the U.S.
It is a 9-digit code that identifies each bank in the United States.
SWIFT/BIC code for international transfers
It is an international identifier for each bank.
Bank account number or IBAN for international transfers
The IBAN is an international code that includes the country identifier, the bank identifier, and the bank account number.
Exact amount to send
It is very important to verify the amount to be sent, because an erroneous operation cannot be canceled.
Tips for a successful and secure transfer
Before making this type of transfer, it is essential to keep some recommendations in mind to avoid issues or errors that could affect your finances.
Double-check all information
Take the time to ensure you have entered exact and correct information, since once a transfer is authorized, it cannot be reversed.
Understand all associated fees before sending
Transfer fees depend on various factors, such as the issuing bank, amount, and—if international transfers are involved—the participation of intermediaries and the exchange rate used.
It is very important to understand all costs involved in a wire transfer, as in some cases the figure can be quite high and not very competitive.
Use reliable and transparent platforms
Ensure that your bank is a reliable institution and has appropriate security measures to handle large amounts of money. Identify whether it has FDIC backing to insure bank deposits in the United States.
Stay alert to possible fraud
Avoid sharing personal information with strangers, as well as passwords or verification codes. If you have any doubts or receive a suspicious call, contact the financial institution directly.
Común: The solution for your transfers in the U.S.
Now that you know what a wire transfer is, you will see that it is very useful for moving money, especially when large amounts are involved and a secure, fast method is sought. However, there are modern alternatives that make sending money easier.
Común offers a more accessible alternative that simplifies money management, especially for immigrants in the United States.
In addition, it offers a simple platform for making domestic and international transfers for a fee starting at $2.99 USD, up to the applicable limits.
Discover an easier way to manage your finances from the palm of your hand. Download the Común mobile app and transfer money without complications.
Frequently Asked Questions
What is the difference between a bank transfer and a wire transfer?
A bank transfer is the general way to refer to any type of digital movement of money. A wire transfer refers to the network used to carry it out. There are also ACH (Automated Clearing House) transfers and mobile payments.
How long does it take to process a wire transfer?
For domestic transfers, they are usually completed the same day if initiated before the cut-off time. After that time, they take about one business day.
International transfers usually take 1 to 3 business days.
Can I cancel a wire transfer once it has been sent?
No, it is not possible to cancel a wire transfer once it has been fully processed.
Are there amount limits for wire transfers?
There is no set limit; it depends on each bank. However, the permitted amounts are higher than with other alternatives.
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Financial Education
Your essential guide to the bank routing number in the U.S.
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.
What is a bank routing number (ABA), and why is it essential in the U.S. banking system?
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.
Unique bank identification
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.
Facilitates electronic transfers
This code is also indispensable so that ACH systems and wire transfers can send funds to the correct destination, quickly and securely.
Key for direct deposits
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.
Automated bill payments
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.
Handling funds between banks
This number is also indispensable for transactions involving multiple financial institutions, such as interbank transfers or check clearing.
How to find a bank routing code and your bank account number
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.
Your routing number and account: Key tools for your finances in the U.S. with Comun
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.
- Receive and send money easily from your mobile application
- Integrate other applications and enhance your experience
- Access support available in Spanish and English
- Send international remittances with fees starting at $2.99 USD, up to the applicable limits.
- Get started with official ID from your country
Open your account today and discover an ally to manage your finances in the United States.
Frequently Asked Questions
If you have more questions, check our frequently asked questions section.
Where can I find my routing number if I don’t have checks?
You can find it on your account statement or by calling the bank directly.
What is the routing number for ACH transfers?
It is the code that identifies each bank and consists of 9 digits.
Is the routing number the same for all banks?
No. Each bank has a different routing number.
What is the routing number on a card?
The routing number does not appear on physical cards.
What is the routing number on a check?
It is found at the bottom of a check and consists of 9 digits.
Financial Education
Practical guide to choosing the best savings account in the U.S. in 2025
8 min de lectura
Looking for an effective way to save money in the United States? For immigrants, opening a bank account is an essential step to adapt to the country’s pace of life and to access various everyday financial services, such as receiving payments, sending money, and saving.
For the latter, there are savings accounts which, unlike checking accounts, are a tool to safeguard money in a secure place and grow it through an interest rate or Annual Percentage Yield (“APY”).
More than a list of savings account options in the United States, below we present a practical, comprehensive guide so you can learn to compare key factors such as which banks pay higher interest in the USA, fees, and FDIC backing for greater security.
Best savings accounts in the United States in 2025
One of the qualities of the U.S. financial system is that it includes a large number of institutions offering savings accounts with different advantages and features.
Below, we list some of the high-yield savings accounts in 2025. Please check each bank for the most up-to-date information.
| Bank | Marcus by Goldman Sachs | SoFi Bank | Ally Bank | Capital One | Citi Bank |
|---|---|---|---|---|---|
| Estimated APY (September 2025) | 3.65% | Up to 4.50% under certain requirements | Up to 3.90% | Up to 3.50% | Up to 4.30% on High-Yield options |
| Minimum opening deposit | Not required | Not required | Not required | Not required | Not required |
| Main fees / charges | Clear and competitive fees | Some conditions are required to maintain the high APY | Limit of 10 withdrawals or early withdrawal penalty for the High-Yield CD | Meeting certain conditions is required to maintain the high APY | May require a minimum balance to avoid fees |
| FDIC insurance | FDIC member | FDIC member | FDIC member | FDIC member | FDIC member |
| Key benefit | Money transfers up to $100,000 USD to/from other banks | Use vaults to set money aside and enable round-ups | Access Allpoint or MoneyPass ATMs and up to $10 reimbursement for other ATMs | Digital access and branch access | Broad branch network |
| Suitable profile | People seeking simplicity and a good APY | Those looking to combine checking and savings | People seeking an easy-to-use digital platform | People seeking a hybrid experience with online and in-person service | People seeking a bank with global presence |
Key factors for choosing a savings account in the United States
Before choosing a savings account, it is very important to compare alternatives at traditional banks, such as Bank of America and Wells Fargo, and digital banks, such as Ally Bank and Capital One.
Annual Percentage Yield (APY)
APY (Annual Percentage Yield) indicates the annual return on your money. This percentage varies depending on the type of financial institution and the type of account.
For example, at traditional banks the APY may be under 1%, while on digital high-yield savings account options, you can obtain a return above 4%, under certain conditions.
Minimum deposits and balance requirements
Although many digital and hybrid banks do not require initial deposits, traditional banks often do. For example, U.S. Bank requires a minimum deposit of $25 USD to open an account.
Fees and hidden charges
Banks also frequently charge monthly maintenance fees, which can affect the return on your savings.
For example, Wells Fargo requires a minimum balance of $300 USD per month to avoid a $5 USD monthly fee.
Security: FDIC insurance
It is essential to verify that the bank you choose is a member of the FDIC (Federal Deposit Insurance Corporation), because this institution insures deposits up to $250,000 USD per depositor, per insured bank, for each account ownership category in the event of bank failure.
Access and ease of use
It is also very important to assess how easy it is to access the services of the institutions you consider. For example, whether they have mobile banking, access to ATM networks, the ability to make transfers and withdraw money, as well as the account-opening requirements requested for immigrants.
Types of savings accounts in the United States
In the United States there are several types of bank accounts to cover profiles with different expectations and lifestyles. It is essential to understand the particularities of each one so you can choose the most suitable option according to your needs.
These are the main bank account types in the U.S.
Traditional savings accounts
These are savings accounts offered by both traditional and digital banks to keep money with moderate interest rates.
Advantages
- It is possible to make direct deposits and withdraw money.
- Most do not require a minimum opening deposit.
Disadvantages
- Lower interest rates than high-yield options.
- Because of this, your money may lose value against inflation.
- Limited additional benefits compared with other options.
High-yield savings accounts (High-Yield Savings Account)
These are savings accounts distinguished by offering a considerably higher APY than traditional options.
Advantages
- Greater growth of your money, especially in the long term.
- Unlike Certificates of Deposit, these accounts allow you to withdraw money without penalties in most cases.
Disadvantages
- Sometimes it is necessary to maintain a minimum balance to access the highest APY.
- Rates vary over time.
- Not all institutions have physical branches.
Money Market Accounts
These are deposit accounts that combine some features of checking and savings accounts.
Advantages
- They provide greater flexibility and allow the use of checks and debit cards.
- They offer notable interest rates, especially for accounts with high balances.
Disadvantages
- They may require higher minimum balances to open an account or avoid monthly fees.
- Variable interest rates.
- Limits on withdrawals and money transfers at some banks.
Certificates of Deposit (CDs)
These are fixed-term investment instruments starting at 3 months, with a fixed interest rate.
Advantages
- Higher interest rates than regular savings accounts.
- Guaranteed return if you do not withdraw the money.
Disadvantages
- If you need to withdraw your money early, you will have to pay a penalty.
- Generally, you will need to invest a large amount of money to reach a good rate of return.
Tips to get the most out of your savings account
If you really want to see a positive impact on your personal finances, opening a bank account is not enough. You need to learn to use it strategically to see real results.
Follow these simple tips and maximize the potential of your savings account.
- Automate minimum monthly deposits to build discipline.
- Set clear savings goals to build an emergency fund.
- Do not use your savings account for daily expenses; try to have a separate account that allows you to carry out daily transactions easily.
- Look for banks that offer a debit card or integration with international transfers so you can send money to your country of origin without complications.
Manage and grow your money in the U.S. with Común
Throughout this article you learned what a savings account is, the key aspects for comparing and choosing your preferred option—APY, minimum deposit, fees, and FDIC protection—as well as tips to make the most of them and promote financial education.
Común is the financial option designed for immigrants who want to handle their money with clarity and confidence.
Discover why Común is an option designed for your needs:
- Open your checking account with qualifying official identification from your country of origin.
- Get a debit card for daily expenses.
- Send remittances easily to Mexico and other LATAM countries.
- Save and organize your money easily.
Open your account with Común today and start organizing your money safely and simply. Take the next step toward more stable finances in the United States!
Frequently Asked Questions (FAQ)
What is the minimum deposit to open a savings account?
It depends on the bank. Some do not require a minimum deposit, while traditional institutions usually request around $25 USD.
Do all savings accounts have FDIC insurance?
All accounts at FDIC-insured banks have insurance. Exceptions are fintechs that act as intermediaries.
Can a person without a Social Security Number open a savings account in the U.S.?
Many banks accept an ITIN instead of an SSN or, in some cases, a passport or official foreign ID. Please check with the corresponding bank for their identification requirements for opening an account.
International Money Transfers
Sending money to Latin America? What you need to know about the new 1% tax
8 min de lectura
Sending Money to Latin America? What You Need to Know About the New 1% Tax
If you send money home to Mexico, Guatemala, Colombia, El Salvador, Honduras, or anywhere else in Latin America, a new federal law may affect the fees you pay per money transfer, depending on how you send it.
On July 4, 2025, the United States enacted the One Big Beautiful Bill Act (OBBBA), Public Law 119-21, which introduced a new federal excise tax on certain international money transfers. The tax, set at 1% of the transfer amount, applies to remittances made on or after January 1, 2026. However, not all transfers are taxable.
If you send money from a US bank account or using a US-issued debit or credit card, your transfer is exempt from the tax by statute. The tax applies only when you pay with cash, a money order, a cashier's check, or a similar physical instrument.
Understanding whether this tax applies to you and how it may affect your transfers can help you send money home with fewer surprises.
What Is the New 1% Remittance Tax?
It imposes a 1% federal excise tax on certain outbound remittance transfers, meaning money sent from a sender in the United States to a recipient in a foreign country, through a remittance service provider.
The tax is codified under IRC Section 4475, added to the Internal Revenue Code by Section 70604 of the OBBBA. It applies to all senders, regardless of citizenship or immigration status.
The tax was effective for transfers made after December 31, 2025, with collection beginning January 1, 2026.
Who Pays the Tax? Who Doesn't?
The key factor is how you fund the transfer, not how much you send, not where it goes, and not your immigration or citizenship status.
| Subject to the 1% Tax | Exempt from the 1% Tax |
|---|---|
| Transfers funded with cash (e.g., paying cash at a remittance service provider) | Transfers funded from a US bank account at a BSA-compliant institution |
| Transfers funded with money orders | Transfers funded with a US-issued debit card |
| Transfers funded with cashier's checks | Transfers funded with a US-issued credit card |
| Transfers funded with similar physical instruments | Transfers of $15 or less (under EFTA threshold) |
Source: IRS.gov, RSM US. This information is for informational purposes only and does not constitute legal or tax advice.
This means that if you often send money back home with a remittance service provider with physical locations (for example Western Union or MoneyGram) and pay with cash, a 1% tax will be added to your total transfer amount.
However, if you send money through a digital app or bank account linked to your US checking or savings account, or pay with a US-issued debit or credit card, the transfer is exempt from the tax under Section 4475.
How Is the Tax Collected?
The tax is collected at the point of transfer. When a taxable transaction occurs, the remittance transfer provider is responsible for collecting the 1% from the sender at the time the transfer is made.
Providers must then deposit the collected taxes with the IRS on a semimonthly schedule and file quarterly returns.
The Remittance Landscape in 2026
For millions of families across Latin America, the money that arrives from a relative in the United States can pay the rent, cover school fees, or put food on the table. In 2024, Latin America and the Caribbean received an estimated $161 billion in remittances, the vast majority sent from the US. Mexico alone received over $63.3 billion. In countries like El Salvador, Guatemala, Nicaragua, and Honduras, remittances represent between 19% and 26% of GDP.
For people already stretching every dollar between their own expenses in the US and the needs of family back home, an additional cost on each transfer can have an impact. How much it affects you depends largely on the tools available to you.
Cash agent networks (Western Union, MoneyGram, Intermex):
These are the traditional in-person options, often used by senders who mostly manage cash. Transfers funded with cash at these locations are subject to the 1% tax.
Digital apps (Remitly, Wise, Xoom, Común, and others):
These platforms typically process transfers from a linked US bank account or US-issued debit or credit card. These payment methods are exempt from the tax under Section 4475. However, fees and exchange rate margins may vary by provider.
Bank wire transfers:
Transfers sent directly from a US bank account at a Bank Secrecy Act–compliant institution are exempt from the tax by statute. Bank wire fees can be higher than digital app fees.
What This Means for You
If you send money home regularly, you already know that there are costs involved: transfer fees, exchange rate margins, sometimes a fee on the receiving end. Now, depending on how you send money, there may also be a new 1% federal tax. That may not sound like much in isolation, but if you're someone already careful about managing what to keep and what to send, it can add up.
There is no single right answer for everyone. Some people that have a US bank account can shift to a digital transfer method. Others who don't have that option yet, or may have reasons for continuing to send through an agent location. Whatever your situation is, a few things may help:
Know what you're being charged:
Before confirming any transfer, you should be able to see the fee, the exchange rate, any applicable taxes, and the exact amount your family will receive. Review everything before you hit send. Some service providers, like Común, offer in-app tools to help you calculate the costs before sending anything.
Compare the total cost:
A provider that charges no transfer fee but offers a weaker exchange rate can potentially cost more than one with a modest flat fee and a fair rate. The number that matters is what arrives on the other end.
If you have a US bank account or debit card, ask your provider about your options:
Transfers funded from a US bank account or US-issued debit or credit card are exempt from the tax under the current statute.
Ask your provider directly how they handle the tax:
Some providers may have updated their apps, websites, or agent instructions. If you're sending via a digital channel linked to your US bank account or debit or credit card, ask whether that payment method qualifies for the statutory exemption.
Manage your remittances confidently with Común
Having an account to receive electronic payments, track your spending, and send money directly may help make managing your financial life in the U.S. more convenient. Común accepts more than 100 valid Latin American IDs to open a debit account. With Común you get:
- A $2.99 flat fee per remittance transfer, with no hidden charges
- A checking account held at Community Federal Savings Bank, Member FDIC. Deposits are FDIC insured up to the applicable limits
- Transparent, in-app pricing where you can see exactly what each transfer will cost, including fees and the exchange rate, before you confirm
- 24/7 customer support in Spanish
- Cash pickup options for your recipient
- The ability to send transfers from the comfort of your phone
To learn more about Común's remittance services, visit comun.app/remittances.
FAQ
What is the new 1% Remittance Tax?
It is a federal excise tax introduced by the One Big Beautiful Bill Act (OBBBA), Public Law 119-21, codified as IRC Section 4475. It imposes a 1% tax on certain outbound money transfers from the United States to recipients in foreign countries. It applies only to transfers funded with cash, money orders, cashier's checks, or similar physical instruments.
When does the new remittance tax take effect?
The tax applies to remittance transfers made on or after January 1, 2026. It was signed into law on July 4, 2025, as part of the OBBBA. The IRS granted penalty relief to providers for the first three quarters of 2026, with full enforcement expected beginning Q4 2026.
Who has to pay the 1% tax?
The tax is owed by the sender, but it is collected and remitted to the IRS by the remittance transfer provider at the time of the transfer. It applies to all senders, regardless of citizenship or immigration status.
Are all money transfers from the US subject to the new tax?
No. The tax applies only to transfers funded with cash or physical instruments. Transfers funded from a US bank account at a Bank Secrecy Act–compliant institution, or paid with a US-issued debit or credit card, are exempt from the tax by statute.
How is the tax collected?
The remittance transfer provider collects the 1% tax from the sender at the time of transfer. Providers must deposit collected taxes with the IRS on a semimonthly schedule and file quarterly returns using Form 720.
How can I tell if my transfer is taxable?
It depends on how you're funding the transfer. If you are paying with cash, a money order, or a cashier's check at a remittance agent, the 1% tax likely applies. If you are sending money through a digital app or bank account using your US checking account or a US-issued debit or credit card, the transfer may be exempt under the current statute. Ask your provider directly to confirm how your specific payment method is classified.
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Immigration
What is SSN? Everything you need to know if you are a resident in the U.S.
8 min de lectura
An SSN (Social Security Number) is a 9-digit number issued by the U.S. government. It is required for working legally, filing taxes, and accessing financial services in the United States. As an immigrant, you may apply for an SSN if you have an eligible visa or Green Card — or use an ITIN as an alternative. 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.
What is the Social Security Number (SSN)?
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.
How to obtain the Social Security Number in the United States?
An important point about the Social Security Number in the U.S. is that there are three different types:
- For citizens born in the United States
- For citizens born abroad
- For non-citizens with lawful resident status
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.
Get your SSN in just 4 steps
If you did not request the SSN during your visa process, the first thing you should do is gather the following documentation:
- A valid passport with the Machine Readable Immigrant Visa (MRIV) or a Permanent Resident Card (Form I-551)
- Birth certificate
Once you have gathered the documentation, follow these steps:
- Download and complete the SS-5 application
- Go to an SSA office
- Present the original documents
- Wait 7 to 14 days to receive the Social Security card by mail
What to do if your SSN card is lost?
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.
5 benefits of having an SSN
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:
1. Employment
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.
2. Credit
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.
3. Banking 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.
4. Government benefits
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.
5. Taxes
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.
How much does it cost to get an SSN?
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
Simplify your financial life upon arriving in the United States with Comun
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.
- Open your account with an official ID from your country of origin
- Receive a Visa debit card and make purchases easily in physical stores and online
- Access a mobile application and manage your finances from the palm of your hand
- Send remittances to your home country for a fee starting at $2.99 USD, up to the applicable limits
- Forget about hidden fees and complicated processes
- Access support available in Spanish and English
With Comun, discover the most accessible way to manage your finances for everyday life in the United States.
Frequently Asked Questions
If you still have questions, consult our Frequently Asked Questions section.
What should I do if someone uses my SSN without permission?
Report immediately at IdentityTheft.gov and place a fraud alert.
How many times can I replace my SSN card?
Up to 3 times per year and a maximum of 10 times in your lifetime.
Is it mandatory to have an SSN to open an account with Comun?
Comun allows you to open an account with official ID from your country.
Financial Education
How to save money in the USA? Real strategies for immigrants starting from scratch
8 min de lectura
Living in the U.S., without a doubt, represents a major advantage for improving quality of life, due to the job opportunities this country offers both citizens and foreigners. However, adjusting to the pace of life in the United States also means facing various expenses that can affect personal finances, especially for newly arrived immigrants.
Savings strategies are an indispensable ally for reducing financial uncertainty, being prepared for any unforeseen event, and building a full future in a new country.
If you identify with this situation and are navigating difficulties covering monthly expenses, below we show different ways to save money in the USA tailored specifically to the reality of immigrants, as well as alternatives for savings accounts, so you can have full control of your capital.
10 ways to save money in the USA
Saving in the United States means developing a set of habits aimed at optimizing resources and choosing financial services with competitive interest rates.
Setting savings goals is the first step toward starting a healthy, worry-free financial life.
Below, we share some strategies to get the most out of your daily spending.
1. Plan and budget your expenses
Before making any move, it’s essential that you’re clear on the amount of your monthly income and outgoings, so you should start by keeping clear financial records.
To do this, you can use a personal finance and budgeting application or a spreadsheet, in order to record categories such as:
- Fixed expenses: all expenses you repeat every month such as rent, utilities, transportation, remittances, etc.
- Variable expenses: expenses whose amount varies, such as food, entertainment, loans, etc. Based on your income, assign a budget to each.
- Savings: it’s very important to make sure you keep a sufficient amount of money after covering your monthly expenses. It will help you build an emergency fund you can use for the unexpected. Set short-term financial goals so you can monitor your progress.
2. Take advantage of deals and coupons
An effective way to take advantage of deals at different department stores is to use an application that helps you compare prices; that way, you can choose an alternative without leaving home.
You can also take advantage of the loyalty programs several stores offer through their mobile applications, such as Safeway and Target.
3. Reduce housing costs
Depending on the city, rent can be one of the highest expenses in your budget. If you find that after covering this item your wallet is too tight, you can consider applying some strategies.
- Consider sharing an apartment with roommates.
- Look for an area with accessible rental prices, such as Texas.
- By contrast, New York is among the most expensive places to live, so it’s advisable to look for more accessible options.
- Check your eligibility to access the public housing program with the Housing Authority.
4. Cook at home instead of eating out
Eating at restaurants is always tempting, but it can generate up to 5 times more expenses than preparing food at home. Plan weekly menus and avoid wasting food.
5. Use low-fee remittance services to send money to your country of origin
For immigrants in the United States, sending money home is a basic need, since it is one of the main means of support for their loved ones.
Before sending money to Latin America, make sure to compare different services in terms of transfer fees, exchange rate, delivery methods, and time.
Comun lets you send your first remittance at no cost (Promotion subject to change. Check availability in the mobile app) and offers accessible fees for the following ones. It is a popular option among immigrants for its accessibility and bilingual Spanish-language support, because it shares language, interests, and common goals: bringing families closer through safe and accessible financial solutions.
6. Use public transportation or share rides
Public transportation is a great way to get around a city at low cost. You can choose the bus service, ride-sharing applications, or, for short distances, a bicycle.
7. Look for assistance programs or local benefits available to immigrants
Check the availability of assistance programs in your city, such as medical care at community health clinics and food banks.
For example, the Supplemental Nutrition Assistance Program (SNAP) provides financial assistance for the purchase of nutritious food. Eligibility for this benefit depends on immigration status, as it requires citizenship or legal residency in the country.
8. Learn about credit and finances as an immigrant
Understanding the U.S. financial system is key to accessing basic services such as a bank account, debit card, credit card, etc. For this, you generally must have an SNN or ITIN. Therefore, it’s advisable to look for accessible options so you can integrate as soon as possible.
In addition, the U.S. government offers a retirement savings plan through the Individual Retirement Account (IRA), which allows you to accumulate money tax-free until it is withdrawn.
9. Buy second-hand to save from the start
Another way to save money is to buy household items at second-hand stores such as Craigslist, OfferUp, and Goodwill. In this way, you can save up to 50% of the budget allocated to these purchases.
10. Take advantage of government benefits
Another support program is Housing Vouchers, which help low-income families with rent payments. On the other hand, the Earned Income Tax Credit (EITC) is available to workers with low to moderate incomes.
What earns the most money in the United States?
If you’re wondering how to make more money in the USA, you should consider working in some of the country’s sectors if your profile fits any of them.
These are some of the highest-paying jobs in the United States, which will not only allow you to meet your savings goals but also significantly improve your quality of life.
Medicine
Professions related to the health sector in the United States are among the highest salary. Average earnings can reach up to $450,000 USD per year, depending on the specialty.
Public Services
This sector also reaches very good earnings, which average can reach up to $133,800 USD per year. This sector includes jobs related to electricity and the generation of renewable energy.
Information Technology (IT)
This is one of the highest-paying industries worldwide. In the United States, average annual salaries reach approximately $99,500 USD. It encompasses skills related to software development, artificial intelligence, and cybersecurity.
Finance
The average earnings of jobs related to the financial sector exceed $90,000 USD. In this case, you can specialize in professions such as portfolio management and investment banking or financial advisor.
Law
Finally, the legal sector is also very well paid, with average earnings of approximately $176,000 USD per year.
Open your account at Comun easily, quickly, and safely
Saving in the United States doesn’t mean giving up your quality of life, but rather adopting smarter money-management habits and developing a solid financial education.
You can start with simple savings strategies, such as taking advantage of digital discounts, reducing housing expenses, avoiding impulse purchases, and choosing more economical remittance platforms.
The key to strengthening your finances lies in organizing resources with a long-term vision and applying these strategies consistently to move toward your goals.
Meet Comun! The financial platform that addresses day-to-day needs in the United States, through an easy-to-use mobile app, where you can open an account in a matter of minutes with a qualified official ID from your country of origin. Send money to your loved ones without complications, so your family gets more for less. See terms and conditions. Exchange rates and fees may vary by country, amount, and delivery method.
Comun is a digital platform designed to help the immigrant community in the U.S., available in Spanish and English.
Frequently Asked Questions
If you still have questions, check our Frequently Asked Questions section.
Which account fits your needs in the United States?
Comun is a popular alternative among immigrants who seek accessible, quality services. Open your account today and discover all the benefits.
What is the 50-30-20 rule?
It’s a savings method that helps you divide your income to reach your financial goals: 50% for necessities, 30% for discretionary expenses, and 20% for your savings fund.
How can you make money quickly in the United States?
Look for flexible jobs on applications or sell things you no longer use on second-hand sites.
Thousands of immigrants are already achieving more with their money. You can too.
Comun is a financial technology company and not a bank. Banking services are provided by Community Federal Savings Bank; Member FDIC. The Comun Visa® Debit Card is issued by Community Federal Savings Bank, pursuant to a license from Visa U.S.A Inc. and may be used everywhere Visa Cards are accepted.
Comun is a fintech company and not a bank or licensed money transmitter.
* Results may vary. For a complete list of eligible IDs and application requirements, follow this link.
^ No minimums, no maintenance fees. ATM or transfer fees may apply. See app for fee details.
‡ Direct deposit funds are typically available when we receive the payment file, up to two days before the scheduled payment date. This early availability is not guaranteed.
** A service provided by Service UniTeller, Inc. Service UniTeller, Inc. is licensed in all states that require a license. Remittance fees start at $2.99 but may vary. Please check the app for more details. Comun Inc. may earn revenue from the conversion of foreign currencies.
† Funds in your account are FDIC insured up to $250,000 by ownership category through Community Federal Savings Bank (CFSB), Member FDIC, in the event CFSB fails.
