What is online banking?

How to obtain an ITIN

Obtaining an ITIN involves filing IRS Form W-7 along with documentation proving your foreign status and identity. This form can be filed with your federal tax return or separately. The IRS processes the application and, once approved, issues the ITIN, which you can then use for tax filing and other financial purposes.

1. Enables federal tax filing

One of the main benefits of having an ITIN is the ability to file a federal income tax return. The IRS requires anyone earning income in the U.S. to file taxes, and the ITIN allows individuals who do not qualify for an SSN to fulfill this obligation. Filing a tax return is essential not only to comply with U.S. tax laws, but also to claim refunds or credits that may be due. This includes tax benefits such as the Child Tax Credit and the Earned Income Tax Credit, which can provide significant financial relief.

2. Access to credit and financial services

Although an ITIN does not replace a Social Security Number, it helps non-citizens access financial services, including credit. Many banks, credit unions and other financial institutions accept an ITIN as a valid form of identification to open accounts and apply for credit cards or loans. Establishing a credit history is crucial to building financial stability, and an ITIN can serve as a step toward greater financial inclusion.

For example, Comun is a financial service that recognizes the importance of inclusion by allowing people with an ITIN to open accounts and access essential banking services. Establishing a credit history is crucial to building financial stability, and an ITIN, along with a Comun account, can be a step toward greater financial inclusion.

3. Facilitates commercial operations

For entrepreneurs and small business owners, having an ITIN is vital to operating a business in the U.S. The ITIN can be used to file business taxes, apply for an Employer Identification Number (EIN) and conduct other business-related activities that require identification. In addition, by filing a tax return with an ITIN, business owners can claim deductions and credits that reduce their taxable income, leading to potential savings and reinvestment opportunities.

4. Supports legal residency and immigration processes

Although an ITIN does not grant legal residency or citizenship, it can play an important role in immigration-related processes. Consistently filing taxes using an ITIN can demonstrate good moral character, a factor considered in some immigration cases. In addition, an ITIN is often required when filing certain immigration forms or supporting documents, making it an essential part of the application process.

5. Helps establish identity and secure income

In the absence of an SSN, an ITIN can help establish your identity for a variety of purposes, such as securing employment income or investments. Although it does not authorize work, the ITIN is recognized by many entities, including financial institutions and government agencies, as a valid identification number. This recognition helps non-citizens access needed services and secure their income in a legal and documented manner.

6. Allows access to state services and benefits

Although not universally accepted, in some states, having an ITIN can help individuals access certain state services and benefits. This includes applying for a driver's license, obtaining health insurance or qualifying for in-state tuition rates at public colleges. These benefits contribute to the overall financial and social well-being of ITIN holders, further promoting their integration into the community.

7. Protects against identity theft

Filing taxes with an ITIN helps the IRS process your tax return accurately and reduces the risk of identity theft associated with tax fraud. By obtaining an ITIN and using it consistently for tax purposes, you ensure that your tax data is securely linked to your identification number, minimizing the chances that someone else will file a tax return in your name.

Conclusion

The ITIN is a powerful tool for non-citizens in the U.S., providing access to tax filing, financial services and various other benefits. While it does not have the same privileges as a Social Security Number, the ITIN is essential for meeting tax obligations, establishing a financial identity and integrating into the U.S. financial system. Understanding and utilizing the benefits of an ITIN can significantly improve the financial stability and inclusion of those who do not qualify for an SSN.

Whether you're filing a tax return, looking to build credit or establishing a business, having an ITIN opens doors to opportunities that contribute to long-term financial success. By taking advantage of the benefits associated with an ITIN, non-citizens can better navigate the complexities of the U.S. financial landscape.

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Western Union is one of the best-known remittance transfer options worldwide, due to its wide experience, coverage and accessibility. Many immigrants choose it to send money to their families from the United States.

If you want to optimize the money your family receives, it is very important that you understand the different transfer methods available in Western Union, as well as the commissions that each one generates.

That is why on this occasion we will explain how to send money by Western Union step by step, the requirements, its different modalities, as well as the advantages and disadvantages of opting for this international agency.

What is Western Union and how does it work to send money?

Western Union is a network specialized in international money transfers, through a large number of physical establishments, as well as online methods. It is an accessible way to transfer remittances, since it is not necessary to have a bank account to access its services.

It has two main methods for international money transfers: online and agency. 

These are the requirements to send money by Western Union from the United States.

What is needed to make a Western Union money transfer?

1. Be at least 18 years old

2. Valid photo ID

If you go in person to a Western Union agency, you can present your passport and, in some cases, your driver's license.

In case you opt for the procedure through westernunion.com, you will need to upload a photograph of the document and possibly a selfie or other identification requirements.

3. Recipient Information

Make sure you have complete and correct information about the person who will receive the money:

• Full name (as it appears on your identity card)
• Recipient's country and city
• Method of receipt (cash, bank deposit or other)
• Payment method (card, bank account or cash)

Comparison between Western Union and Comun

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*Please note that the exchange rate is subject to change at any time.

In addition to offering more favorable commissions and exchange rates for international money transfers, Comun allows you to send money digitally from home 365 days a year, including holidays, which can be affected by longer waiting times due to higher customer volume.

Steps to send money by Western Union: Online and in person

Currently, with Western Union you can make international money transfers from the U.S. through the website, mobile application or in person.

online transfer with Western Union

In case you prefer to send money online by Western Union, just follow the steps below:

Login or register on their platform

Remember that in order to open a Western Union account you must have the above documents, as well as the identity verification.

Then, log in to the Western Union application or website.

Select destination country and amount

At Western Union you can choose from a variety of destinations in Latin America and the world, such as Mexico, Dominican Republic, Colombia, Argentina, among others.

Choose payment method

Western Union offers a variety of payment methods, including credit card, debit card, bank account deposit and cash payment.

Enter the recipient's data

Be sure to write your recipient's information correctly.

Confirm and get tracking number (MTCN)

Once you have entered the data, confirm that they are written correctly and confirm. Afterwards, you will be able to obtain a tracking number to verify the transaction.

money transfer at a Western Union agency

If you prefer to make the transfer in person, please follow the steps below:

Locate an agency near you

To locate the agency closest to you, log in to the website and select the "Find Location" option, then enter your zip code and review the options.

You can also call Western Union at 1-800-325-6000 to request customer service information.

Fill in the transfer form

Go to the window and ask for the transfer form that you will have to fill in with the same information that we explained for the online form.

Delivers the money and pays commissions to the agent

Once you fill out the form correctly, pay the agent the total amount plus the commission generated.

Receive tracking number (MTCN)

Finally, receive the tracking number and share it with the recipient so that he/she can collect the money transfer correctly.

Advantages and disadvantages of using Western Union for your remittances

Western Union is a popular alternative for sending remittances securely and quickly, and is used by thousands of immigrants in the United States every month.

Here are the main advantages and disadvantages of sending money with Western Union.

Advantages

Broad global coverage and physical presence

Western Union allows you to send money almost anywhere in the world, since it has approximately 500,000 agencies distributed in more than 200 countries. It is even possible to send money to rural and hard-to-reach areas.

Speed in cash shipments

In case you need to send money urgently, Western Union has a cash transfer option, which is available for collection within minutes.

Track record and brand recognition

Western Union has more than a century of experience in the market, so you can be sure of its reputation and security to send money through its network.

Disadvantages

High commissions

Generally, the smaller the amount to be sent, the higher the fee. The fee varies depending on the method of payment and transfer, but ranges from $4.99 to $15 USD, regardless of the exchange rate.

Uncompetitive exchange rate

In addition to the initial commission, you must consider the reduction implied by the currency exchange rate, which is taken at a less competitive margin than the market, so your family members will receive less money compared to other options.

transfer limits

For users with non-verified accounts, the transfer limit is 3,000 USD per transaction. While for verified accounts, the limit is 50,000 USD.

Less clarity in the commission structure

Western Union fees are variable and depend on several factors, such as destination country, payment method, transfer method and total amount.

Comun: A fast, transparent and inexpensive alternative for sending money to your family

There is no doubt that Western Union is one of the most prestigious remittance transfer services, due to its long history and ease of access to its services. However, it is important for users to choose the option that best suits their needs.

Before making a money transfer, it is essential that you are very clear about the fees and additional costs, otherwise, your family could receive less money without prior notice.

Comun is the comprehensive solution that facilitates the transfer of remittances at a fairer price.

In addition, it offers you:

• App mobile is also available in Spanish and allows you to easily send money to more than 17 countries in Latin America!
• Your first money transfer will be free and thereafter you will pay a fee starting at $2.99 USD per transfer, up to the applicable limits.
• You need a mobile device to open your account, your country's official identification (passport, consular registration, driver's license, among others) and a U.S. residential address.
• 24/7 customer support available in English.
• High security standards help you get your money to its destination and track it in real time.
• Transparent rates.

Open your account at Común today.

Frequently asked questions

If you still have questions about how Western Union works, check out our FAQ section.

Can I send money to myself by Western Union?

Yes, in case you travel to another country and do not have a bank account, you can make a transfer in your name.

Why can't I send money by Western Union?

It can be due to different reasons, such as you exceeded the transfer limit, rejected payment method or misspelled the recipient's information.

How much does Western Union charge to send money?

transfer fees depend on the receiving country, amount, method of payment and method of transfer.

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How does a Bank Account Overdraft occur?

Overdrafts happen for a variety of reasons. Sometimes, it's an accidental oversight, perhaps you forgot an automatic payment or miscalculated your available balance. Common reasons include unexpected expenses, delayed direct deposits or simply losing control of your spending. Understanding these causes can help you avoid overdrafts and maintain a positive balance in your account.

What are the Consequences of Overdrafts and Overdraft Fees?

Overdrafts can be more than just a nuisance, they often come with substantial overdraft fees. Financial institutions generally charge an overdraft fee for each transaction that overdraws your account. Some banks charge overdraft fees only if a customer overdraws by a certain amount or provide grace periods where no fees are charged if the customer replenishes his or her account quickly after an overdraft. These fees can add up quickly if you are not careful.

In addition, overdrafts can disrupt your financial health. They can lead to a negative balance, making it difficult to cover transactions for essential needs and future purchases. If you overdraw frequently, it could even affect your credit score, which could affect your ability to obtain loans or other financial products in the future. Frequent overdrafts can also result in multiple overdraft fees, further aggravating your finances.

Tips to Avoid Overdrafts

Avoiding overdrafts is all about being proactive. Here are some practical tips:

- Control your expenses:

Keep a close eye on your account balance and transactions. Use online banking or mobile deposit apps to monitor your spending in real time.

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- Configures Low Balance Alerts:

Most banks offer low balance alerts that notify you when your available funds are low. Setting up these alerts can give you a warning before an overdraft occurs.

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- Maintain a Mattress:

Try to maintain a cushion of extra funds in your checking account. Even a small cushion can prevent overdrafts caused by unexpected expenses.

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- Links to Savings:

Consider linking your checking account to a savings account. This way, if your checking account runs out of funds, funds can be automatically transferred from your savings account to cover the shortfall.

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- Monitor Pending Transactions:

Be aware of any pending transactions that are not yet reflected in your account balance. This includes debit card transactions and automated payments. Making sure you have enough money in your account to cover outstanding transactions can help avoid overdrafts.

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- Configure Direct Deposit:

Setting up direct deposit can help you maintain a minimum balance in your account, potentially avoiding monthly maintenance fees and other charges. Direct deposit can also be an option to waive certain fees offered by banks.

Learn how to manage your checking account

Managing an Overdraft if it Happens

Sometimes, despite your best efforts, an overshoot can occur. Here's what to do if it happens to you:

- Act quickly:

As soon as you realize you have overdrawn, deposit or transfer money to your account to cover the negative balance. Having enough money in your account to cover transactions is crucial to avoid further overdrafts. This can minimize fees and prevent more transactions from causing more overdrafts.

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- Contact your Bank:

Contact your financial institution's customer service. They may waive the overdraft fee if it is your first time or if you have a good banking history.

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- Review your Expenses:

See what caused the overdraft and adjust your budget to avoid repeating the mistake. Consider setting up stricter monitoring or additional alerts to stay on top of your account balances.

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- Pay Overdrafts Promptly:

Make sure that any overdraft and associated fees are paid as soon as possible to avoid additional fees or returned transactions.

Scams that Can Result in Overdrafts

In addition to the usual causes of overdrafts, such as accidental spending or unexpected expenses, there are numerous scams that can lead to overdraft situations. These scams often involve fraudulent checks and deceptive tactics that drain your account, resulting in negative balances and multiple overdraft fees. Here are some common scams you should be aware of to protect your financial health.

- Online Shopping Scams:

In online shopping scams, scammers pose as legitimate buyers or sellers in online marketplaces. A scammer may send a check as payment for an item you are selling, which then bounces after you have shipped the item. Alternatively, you could receive a check for a purchase you made, only to discover that it is fake, leading to an overdraft when the funds are withdrawn from your account.

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- Phishing Scams:

Phishing scams involve fraudsters sending emails, texts or phone calls posing as a bank or other reputable entity. They trick you into providing your account information, which they then use to withdraw funds or write fraudulent checks. This can lead to overdrafts if your account is drained without your knowledge.

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- Charity Scams:

Scammers often exploit goodwill by posing as charities, especially during times of crisis. They send checks as a "refund" for a previous donation or as an overpayment, asking you to return some of the money. The check bounces and you end up with an overdraft and lost funds.

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- Advance Fee Scams:

In advance fee scams, scammers promise large sums of money, such as lottery winnings or inheritances, in exchange for a smaller upfront fee. They send a check to cover the fee, which you deposit and then return the "fee." The check bounces, causing an overdraft and a loss of the amount sent.

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- Fraudulent Refund Scams:

The scammers contact you claiming to be from a company you recently did business with, claiming there was an overpayment or billing error. They send a check and ask for a partial refund. When the check bounces, you're left with an overdraft and out-of-pocket expenses.

- Romance Scams:

In romance scams, scammers build a fake relationship with their victims, often over the Internet. Eventually, they ask for money, sometimes sending a check first to "prove" they are legitimate. When the check bounces, the victim is left with an overdraft and the emotional and financial consequences of the scam.

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- Contractor Scams:

Fake contractors offer services such as repairs or home improvements. They ask for payment up front, often sending a check as partial payment. Once the check bounces, you're left with an overdraft and no work completed.

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- Job Offer Scams:

Scammers offer fake jobs and send a check for equipment or start-up expenses, asking you to pay back a portion. When the check bounces, you're left with an overdraft and no job.

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- Travel Scams:

In travel scams, scammers offer discounted travel or vacation packages. They send a check for supposed travel expenses, asking you to send part of it back or elsewhere. The check bounces, leading to an overdraft and no vacation.

Using Overdraft Protection Services

Overdraft protection generally involves linking your checking account to another account, such as a linked savings account or line of credit. If you overdraw your checking account, funds are automatically transferred from the linked account to cover the transaction.

The main advantage is to avoid the high fees associated with overdrafts. However, there may be a transfer fee for overdraft protection itself, and it can encourage spending beyond your means if not used responsibly. Not all overdraft protection plans are the same. Carefully review the terms and conditions, and choose one that fits your financial habits and needs. It's important to understand the overdraft coverage options provided by your financial institution. Look for services that offer coverage for debit card purchases, ATM transactions and other fees associated with insufficient funds. Financial institutions play a crucial role in offering these services.

How to Comun Can Help You Manage and Avoid Overdrafts

Using the right tools can make managing your finances much easier and help you avoid the stress of overdrafts. Comun.app is designed to assist you in staying on top of your finances with features that can help you prevent overdrafts.

- Real-Time Balance Monitoring: Comun.app provides real-time updates on your account balances, ensuring you always know how much money you have available.
- Low Balance Alerts: Set up low balance alerts to receive notifications when your funds are low, helping you avoid overdrafts before they occur.
- Automatic Transfers: Link your checking account to your savings account within Comun.app to enable automatic transfers. This way, if your checking account balance gets too low, funds can be transferred from your savings to cover transactions.
- Spending Insights: Comun.app offers insights into your spending habits, helping you identify areas where you may be overspending and need to reduce to maintain a positive balance.

By integrating Comun.app into your financial routine, you can take proactive steps to manage your money effectively, avoid overdraft fees and keep your account in good standing.

Conclusion

Bank account overdrafts can be a significant financial burden, but with the right knowledge and tools, you can effectively manage and avoid them. Understanding what overdrafts are and their potential consequences is the first step toward proactive financial management. Even if an overdraft occurs, acting quickly, communicating with your bank and reviewing your spending habits can help you minimize the impact and prevent future problems. In addition, being aware of various scams that can lead to overdrafts, such as online shopping scams, phishing scams and advance fee scams, can protect you from falling victim to these fraudulent schemes.

Use tools such as Comun can further simplify your financial management. With features like real-time balance monitoring, low balance alerts, automatic transfers and spending insights, Comun.app helps you stay on top of your finances and avoid the stress of overdrafts. By integrating these strategies and resources into your financial routine, you can maintain a healthy account balance, avoid unnecessary fees and ensure your financial well-being.

Why Configure a Digital Card?

Your digital card is available for use as soon as you fund your account, offering several advantages:

• Instant Access: No waiting period for a physical card.
• Convenience: Easily shop online at popular merchants like Amazon, Walmart and more.
• Flexibility: Use the digital card for various transactions, including cash deposits with a barcode on your application.

Configuration of Your Digital Card

Follow these steps to set up and start using your digital card with Comun¹:

1. Fund Your Account

Make sure your bank account is funded. This step is crucial, as your digital card will only be available after the account is funded.

2. Access the Digital Card‍.

Open your banking application Comun and navigate to the home page.‍ Look for the "Manage Cards" button in the upper left corner of the home page.

View Card Details

Click on "Manage Cards" to access the card management options, and click on "View Card Information" to view your card details.

4. Using Your Digital Card for Online Shopping

With your card details visible, you can now use your digital debit card to make online purchases. Simply enter the card information in the checkout process on any website that accepts credit or debit card payments, including major retailers such as Amazon and Walmart.‍

5. Deposit Cash

No need to wait for your physical card to deposit cash. Use the barcode on your app to make cash deposits at compatible locations.

Benefits and Drawbacks of Using a Digital Card

Security: Digital cards offer an additional layer of security for online transactions. They can be easily blocked or replaced if compromised, reducing the risk of identity theft and unauthorized transactions.

Immediate Use: Start shopping online or deposit cash without waiting for your physical card.

Control: Manage your card details directly from your application Comunapplication, making it easy to track expenses and update information as needed.

Convenience: No need to carry a physical card, which reduces the risk of losing it.

Potential Drawbacks of Using a Digital Card

Limited Acceptance: Some merchants may not accept digital cards, especially for in-store transactions where a physical card is required.

Technology Dependency: Access to your digital card depends on having your mobile device and internet connection. If your phone is lost, stolen or runs out of battery, it may be difficult to access your card details.

Transition to Physical Card: Once your physical card arrives, you will need to activate it and update any saved payment methods, which may be an additional step.

Potential Security Risks: Although digital cards are generally secure, they are not immune to phishing attacks or other online scams. It is essential to be vigilant and practice good security habits.

How to Avoid the Inconveniences of a Digital Card

While digital cards offer many benefits, being aware of potential drawbacks and mitigating them ensures a smooth and secure experience. Here are some tips on how to avoid common pitfalls associated with digital cards:

Ensures Merchant Acceptance:

Before making a purchase, especially in-store, confirm that the merchant accepts digital cards or mobile wallet payments such as Google Pay or Apple Pay. For online purchases, most major retailers will accept digital cards without issue.

Get ready for Technology Dependency:

Always have a backup plan. Keep a secondary payment method, such as a physical card or other digital wallet, available in case your mobile device is not accessible. Charge your phone regularly and consider carrying a portable charger.

Smooth Transition to a Physical Card:

When your physical card arrives, activate it immediately and update your payment information on all your regular services. This includes updating stored card details on online shopping sites and digital wallets to ensure continuity.

Improved Security Measures:

Protect your digital card against phishing attacks by entering card details only on trusted websites. Use a secure browser extension or application to generate unique digital card numbers for different transactions, adding an extra layer of security.

Enable notifications for all transactions to monitor any unauthorized activity. This helps you quickly detect and respond to any suspicious transactions.

Stay Informed and Proactive:

Regularly review your account settings and transaction history in the Comun application to stay on top of your finances.

Set spending limits on your digital card to manage your budget and avoid overspending. Keeping an eye on your available credit ensures that you don't face declined transactions due to insufficient funds.

Use Customer Support:

If you encounter any problems or have questions about the use of your digital card, do not hesitate to contact Comun customer service. They can provide additional assistance and help you resolve any problems quickly.

Get your digital card with comun right now!

Open your checking account¹ in 3minutes with any valid ID from your home country²

Open your account

Integrating Digital Cards with Digital Wallets

For added convenience, you can integrate your digital card with digital wallets such as Google Pay and Apple Pay. This allows you to use your digital card for both online and in-store purchases without the need for the physical card. Simply add your digital card details to your preferred digital wallet app and start spending securely and conveniently.

Managing Your Digital Card

Using your digital card effectively involves being aware of your account settings and spending limits. Here are some tips for managing your digital card:

• Monitor Transactions: Regularly review the details of your transactions in your application. Comun application to ensure that all charges are correct.
• Set Spending Limits: Control your spending by setting limits on your digital card, helping you avoid overspending and better manage your budget.
• Update Payment Information: Keep your payment information up to date, especially if you receive a new digital card or need to change your billing address.

Conclusion

Setting up and using your digital card from day one is a simple process that offers immediate access and convenience. While there are numerous benefits, including increased security and instant availability, it's important to be aware of the potential drawbacks. By understanding both the pros and cons, you can make informed decisions about how best to use your digital card.

Take advantage of the ease of modern banking by activating your digital card today and enjoy the benefits of instant access to your funds. Whether you're making online purchases or depositing cash, your digital card provides a flexible and secure way to manage your finances. Visit Comun for more information on how to set up your digital card and explore other innovative banking solutions we offer.

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Founded by Mexican co-founders who themselves navigated the banking system as immigrants to the United States, Comun brings a unique perspective to the challenges facing its target audience.

Let's look at how Comun stays profitable through innovative revenue streams, cost-saving strategies and a deep commitment to its customers, emphasizing how these factors contribute to the ease and benefits of virtual banking for newcomers to the financial world.

Revenue Sources: Banking Services

Comun offers not only essential banking services¹, but also functions such as international remittances⁴, which provide significant benefits for Comun customers. Comun monitors cash flows and payment channels to ensure efficient and secure transactions. Consumers often pay high remittance fees with other services, but Comun offers a cost-effective alternative.

This service is crucial for immigrants who regularly send money home, increasing Comun s appeal as a banking solution that understands and responds to the specific financial dynamics of its users.

Cost Saving Strategies: Financial Inclusion

The strategic absence of physical branches allows Comun to minimize operating costs and maximize profits. Comun allocates resources to expand its outreach and improve financial services for Latino immigrant families. These savings are passed on to customers through lower fees and better rates, making financial services more accessible. Comun s digital platform facilitates banking access, offering 24/7 services that make money management safe and efficient from any browser or application.

Company Values and Customer Relationships

Comun advocates for financial inclusion, particularly among the Latino community, positioning itself among companies dedicated to serving Latino communities and enabling the setup of accounts with diverse international IDs. This inclusion strengthens trust and understanding between Comun and its customers, fostering a supportive banking environment.

Competitive Advantage

By creating a customer-centric digital bank that offers services in Spanish and accepts non-traditional IDs, Comun specifically addresses the barriers faced by Latino immigrants. This personalized service not only distinguishes Comun from its competitors, but also deepens customer loyalty and trust.

Target Audience

Comun focuses on Latino immigrants, a group often overlooked by traditional banks. In its latest round of funding, Comun raised $5 million in June 2022 to further develop its services. By offering accessible and empathetic financial services, Comun not only meets a significant market need, but also empowers its customers toward greater financial stability and integration into the U.S. economy. South Park Commons, along with Costanoa Ventures, has been instrumental in supporting financial inclusion banking solutions for Latino immigrant families in the United States.

Conclusion

Virtual banks like Comun present an easy-to-use, cost-effective and inclusive alternative to traditional banking, particularly beneficial for those who are new to banking or marginalized by conventional financial institutions. By focusing on accessibility, cost efficiency and customer-oriented services, Comun not only maintains profitability, but also significantly improves the banking experience for its users.

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Nowadays it is very easy to open an online banking account. We will tell you about the aspects you should take into consideration and the different financial products you can obtain with these types of accounts. 

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Why open an online banking account?

We will tell you the advantages of opening an account through online platforms. By knowing some of these aspects, you will be able to take advantage of the benefits offered by this type of financial product, which are the following: 

- Absence of commissions: When opening a digital account generally there is usually the possibility of not having bank debits by commission and, the realization of some movements at no cost. 

- Without having to go to the agency: When opening a bank account through the platform, there are usually some requirements that can be sent by mail. In some financial institutions it is necessary to send them physically to determine the veracity of the documentation.

- No waiting to open the bank: By opening an online banking account, you have the possibility to perform banking transactions at any time, that is, 24 hours a day, 365 days a year. 

- Ideal for new savers account: The requirements to open a digital account are the minimum required through the bank. And these will serve to open your financial file with which some aspire to obtain the coveted bank credit. 

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Requirements you must have to open an online account.

There are elements that you must possess in order to open an online banking account, among which are the following: 

• Having an email address: Just by opening an email address or having your own is enough. There you will receive information from the bank in some moments, beyond simple advertising, you can acquire promotions before time, know important information about your account and of course, enhance the security of it.
• Smartphone: This must be your own, since the transactions will be recognized through the IP of the device and the double authentication factors are performed through the cell phone.
• About the documents: At the time of filling out the collections you should not lie about them, sometimes they must be shown physically, mainly if they fail to be corroborated by officials of the financial institution. Or simply, as an ordinary process performed by the institution. 
• Follow the process: This must be done until the end, generally it is usually done in stages, where the basic data, personal data, employment data must be filled in consciously. An error can lead to the cancellation of the application and, in some occasions, affect the completion of a new process in the same equipment.  

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Open an online banking account

If you want to open the online banking account you only have to follow the steps below (because they are usually the same in the applications), to do this you must do the following: 

1. Open the applications from your Smartphone: Depending on the type of equipment, there you will have the possibility of being able to download from your mobile the application. It can be through different apps such as Google Store, among others. 
2. Locate the bank of your choice: To do this we recommend that you read the requirements, compare the advantages related to offers on purchases or commission. As well as the ability to make transfers, promotions or some elements that seem advantageous or ideal for your convenience. 
3.  Check the application: For this you need to read the comments and verify that the application you are going to download on your cell phone is the ideal one. 
4. Download the application. 
5. Follow the steps.
6. Have the requirements at hand. 

Once you have completed the entire process, your physical card is waiting for you. You should generally look for it at the branch of the banking institution, you can receive it by mail or at home.

Depositing cash into your Comun account is simple and convenient. Whether you prefer to use your physical card at an AllPoint+ ATM or generate a barcode in the app, here is a step-by-step guide to help you understand both methods.

Using a Physical Card

Step 1: Wait for Your Physical Card

After you open your bank account online, your physical debit card will be mailed to your home. This usually takes 7 to 10 business days.

Step 2: Activate Your Card

Before you can use your card, be sure to activate it through the Comun application. It is necessary to have the card active for any transaction.

Step 3: Locate an AllPoint+ ATM

AllPoint+ ATMs are part of an extensive ATM network, perfect for cash deposits. Here's how to find one:

1. Open the Comun application.
2. Navigate to the "Move Money" section.
3. Use the map to locate the nearest AllPoint+ ATM. These machines are often located in popular retail locations.

Step 4: Deposit Cash at an AllPoint+ ATM

Once you are at the ATM:

1. Insert your activated card.
2. Follow the on-screen instructions to deposit cash into your checking account. Please note that deposits can only be made to checking accounts, not savings accounts.
3. Make sure your deposit is within the limits: up to $250 per deposit and up to $1,000 per day, including deposits and withdrawals.

Tip: If there are no AllPoint+ ATMs near you, don't worry - you can also deposit cash using a barcode at many other locations!

Using the Barcode in the Application

Step 1: Generate a Bar Code

Here we show you how to generate a barcode in the Comun application:

1. Open the application and go to the "Cash" section.
2. Select the option to generate a barcode for deposit.
3. The barcode will appear on your screen, ready to be used.

Step 2: Find Locations Accepting the Barcode

To find a nearby location that accepts the barcode:

1. In the "Cash" section, look for the list of participating locations.
2. You can also use the map function to find the nearest store.

Step 3: Using the Bar Code

Take your barcode to a participating location and show it to the cashier. They will scan the barcode, allowing you to deposit your cash.

Important details:

• Expiration: The barcode expires after 15 minutes, but you can generate as many as you need.
• Limits: Be aware of the deposit limits that may apply when using the barcode method.

Troubleshooting ATM Transaction Problems

Problems Depositing Money

When troubleshooting ATM transaction problems, especially problems depositing money, it is important to make sure you are using an AllPoint+ ATM, as these machines do not charge fees for deposits. Your physical card must be activated; if it is not, you can easily activate it from the app. Also, be sure to enter the correct PIN. If you don't remember your PIN, you can view or change it in the settings section of the app. Verify that your deposit is within the limits, which are up to $250 per deposit and up to $1,000 per day. Finally, always select "checking account", as Comun accounts are checking accounts, not savings accounts.

Problems Withdrawing Money

If you encounter problems withdrawing money, first make sure you have a sufficient balance by checking your balance in the app before making a withdrawal. Use an AllPoint+ ATM to avoid withdrawal fees, as other ATMs may charge a fee. Enter the correct PIN; if you don't remember your PIN, you can view or change it in the settings section of the app. Verify that your withdrawal is within the limits, which are up to $250 per withdrawal and up to $1,000 per day, including deposits and withdrawals. If you continue to have problems, contact us through the chat in your application for further assistance.

Alternative Deposit Methods

If you cannot find a nearby store to deposit cash, Comun offers other options:

• Receive Money: Use applications such as Zelle, CashApp, Venmo or PayPal.
• Direct Deposit: Set up direct deposit with your employer.
• External Transfers: Send money to your Comun account from an external bank or other financial institutions.

Additional Tips and Information

Fraud Prevention

Always keep your account number and PIN secure. Do not share this information with anyone to avoid unauthorized transactions.

Know Your Limits

Keep in mind the deposit amount limits. For example, you can only deposit up to $250 per deposit and up to $1,000 per day. This helps you manage your funds and avoid any unexpected problems.

Uses the Comun Functions

The Comun application provides a map to find the nearest ATMs and stores that accept barcodes for deposits. This feature helps you quickly locate convenient deposit locations.

Stay up to date with the latest features and benefits offered by Comun through the application, ensuring you get the most out of your online banking experience.

Cash Deposit Fees

Depositing cash at an AllPoint+ ATM has no fees, while other ATMs may charge a fee. Always check for possible fees before making a deposit.

Mobile Check Deposits

In addition to cash deposits, Comun also supports mobile check deposits, adding more flexibility to the way you manage your money.

Conclusion

In summary, depositing cash in a bank account is a practical decision driven by security, convenience, potential earnings, financial management and legal compliance. By understanding these reasons, individuals can make informed decisions about how to effectively manage and handle their cash, ensuring financial stability and growth.

Whether you use your physical card at an AllPoint+ ATM or an in-app barcode, depositing cash into your Comun account is simple and convenient. Always make sure your card is activated, check nearby locations and be aware of deposit limits. With these steps, you can manage your cash deposits effortlessly.

Don't worry, if there are no locations near you, you can also deposit with a barcode at many more locations! Visit Comun for more details and get started with your deposits today.

By understanding the process and using the tools provided by Comun, you will be able to effectively manage your cash deposits and ensure that your funds are always accessible.

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For immigrants living in the United States, it is of utmost importance to have accessible financial services that allow them to send money to Mexico and other countries in the region in order to financially support family and friends or to achieve a better standard of living. 

Remittances have become so important in the Mexican economy that, according to Reuters data, Mexico is the second largest recipient of remittances worldwide, only after India, with more than $64.7 billion dollars during 2024. 

For immigrants, it is essential to know how to send money to Mexico from the United States safely, quickly and at low cost.

This time we will show you the best applications to make money transfers to your loved ones, how they work and all the benefits of each of them, so you can choose the option that best suits your needs. 

How much money can I send to Mexico?

A very important aspect to take into account is the amount allowed by the applications to send money to Mexico, as well as the restrictions of their terms and conditions. 

In general, there is no legal limit imposed by the U.S. government, but each platform has its own standards and regulations on which they rely to impose certain limits and guidelines necessary to make international money transfers. 

For example, these are some of the most popular providers that offer money transfers to Mexico, with their respective limits: 

• Western Union: up to 5,000 USD per transaction through the website. 
• MoneyGram: up to 10,000 USD per transaction. 
• Xoom: up to USD 10,000 per transaction. 

If you are looking for the easiest way to send money to Mexico, Comun is an excellent alternative for you. You can enjoy your first money transfer completely free and then for a fee starting at 2.99 USD per transfer, up to the applicable limits.

In addition, your recipient can receive more for less due to highly competitive exchange rates compared to other similar applications. 

Compare and choose the most convenient option to send money. 

What is the best way to send money from the United States to Mexico?

There are several ways to send money from the United States to Mexico, either through traditional banks or specialized international money transfer services.

These are the easiest ways to do it: 

By bank-to-bank money transfers

One of the most common ways to send money is through wire transfers from one traditional bank to another. The advantage of this method is that it can be safe, as it is backed by official financial institutions. However, they also tend to take longer and generate more fees. 

To send funds by this method it is essential to have a US bank account and use the recipient's SWIFT code. 

The cost of the money transfer depends on the receiving bank, in this case, located in Mexico. For example, BBVA charges 30 USD plus VAT per transfer, Santander between 15 and 20 USD plus VAT and Citi Banamex 20 USD plus VAT; all this regardless of the amount of the transfer. 

By cash transfer

Another option, which may be more accessible to users without a bank account, is to send cash that can be collected at different points in Mexico. 

To send cash, you must go to a provider that offers this type of service, for example, a Western Union office. Once there, you will have to pay the amount to be sent, plus the commission assigned to the amount. 

In order for your family members to collect the funds from this transaction, they will need to present an official ID at one of the selected branches, which may be Oxxo, Banco Azteca, Walmart or others. 

Although it is an excellent alternative for people who base their finances on cash management, it may have certain disadvantages, such as the high fees that depend on the amount of transfer, as well as the less competitive exchange rate.

Through mobile application

The third option for sending money to Mexico is through a mobile app that specializes in international money transfers. There are many alternatives compatible with iOS and Android, and they are generally cheaper than sending cash or bank transfers.

To access this type of shipments, it is necessary to create an account on the provider's website or application. In addition, some require identity verification through personal data such as SNN (Social Security Number) or ITIN. 

Before choosing an application to send money to Mexico, we recommend that you make a comparison of the most popular options and evaluate which one best suits your needs and those of your family members. 

The 6 best mobile applications to send money to Mexico from the United States

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The results of the amount received in MXN per 1000 USD may vary. Exchange rates are illustrative and subject to change; check the application for current exchange rates.

Comun

Comun is a convenient option for immigrant workers in the United States, as it is specially designed to meet their needs. Comun offers a promotional fee at no cost on your first transfer and thereafter a fee starting at $2.99 USD per transfer, up to the applicable limits.

In addition, you can access different payment methods and a very competitive exchange rate, so your family gets more for less at over 100,000 withdrawal points. 

Your Comun account gives you access to a mobile application and debit card. Plus your money transfers are applied within minutes.

Remitly

Remitly is an app that allows you to make international money transfers. It is easy to use and offers several payment methods, such as debit or credit card or bank account. 

The transfer time depends on the type of rate selected, either express, which is instantaneous, or standard, which takes up to 5 business days. 

It also offers a competitive exchange rate.

BOSS Revolution

BOSS Revolution is an easy and affordable money transfer alternative. It has a limit of 2,999 USD, so it is oriented to small transactions. 

It accepts bank cards and cash as payment methods, and money transfers are made in a matter of minutes. 

WorldRemit

WorldRemit is another alternative to send money to Mexico easily. It offers a variety of payment methods, such as bank account transfer , cash withdrawals and reloads. 

Rates start at 1.99 USD, but the exchange rate includes a margin of 1 to 2%, which affects the total amount to be received. 

Western Union

Western Union is one of the most popular services for international money transfers. It has a wide coverage, which facilitates access for people living in rural or remote areas. 

It allows sending money from banks, application and website and the money can be received in cash or in a bank account. 

The disadvantage is that transfer fees are usually higher than other alternatives, and the exchange rate is less competitive with the market, which affects the total amount to be received. 

Felix Pago

Félix Pago is an innovative option that allows you to send money at low cost through WhatsApp.

It is a good option for making deposits of small amounts of money, although it does not offer functionalities such as account opening and debit card, which could represent an obstacle for users looking for more complete alternatives. 

How to send money to Mexico with Comun?

With Comun s international remittances or also known as Remesas, you can send money abroad to your family and friends from your Comun mobile application at low cost and without leaving your home.

In order to make a transfer to Mexico, please follow the steps below:

1. Log in to your Comun mobile application.
2. On the main page, select Send a Remittance.
3. Select the recipient to whom youwant to send the international transfer .
4. You can register a recipient with their bank details such as their full name, bank name and cell phone number.
5. After registering the recipient, enter the amount you wish to send and review the transaction costs.
6. Confirm the data and select confirm international transfer .
7. The recipient should receive the international money within minutes. If you selected pick up in store, the person can go to the store to pick up the money within 30 minutes of confirming the transaction.
8. You can check the status of the international transfer in your Comun mobile app by clicking on the movement.

You can send money to Mexico for a fee starting at $2.99 per transaction, up to applicable limits.

Send money to Mexico easily and securely with a reliable mobile app

As you can see, sending money to Mexico has never been easier or more affordable. 

There are several remittance transfer services that offer different competitive advantages, so it is convenient to compare rates, exchange rates, transfer limits, among other features. The right option for you is a safe and fast alternative that speaks your language. 

Comun allows you to open an account with your country's official documentation and send money home. Open your account today, send money to Latin American countries and discover the more accessible side of finance. 

What is a Joint Bank Account?

A joint bank account is a single account shared by two or more people, allowing all account holders to deposit, withdraw and manage money from the same account. It is perfect for those who need to manage finances together, such as spouses, parents and children, or business partners. Joint accounts can be used as joint checking accounts or joint savings accounts, depending on the financial needs of the joint owners.

Click here to learn more about personal bank accounts in the U.S.

Benefits of Joint Bank Accounts

Managing shared expenses becomes much simpler with a joint account. Instead of dealing with multiple accounts for different payments, you can manage household bills, car payments, mortgage payments and other joint expenses from one place. This simplifies tracking and organizing your finances and reduces the need to transfer funds between separate accounts.

With a joint bank account, both account holders have access to the funds. This can be incredibly convenient in emergencies or when one partner is unavailable. For example, if one spouse is traveling or incapacitated, the other can still pay bills and manage shared expenses without delay. This equal access ensures that financial management continues seamlessly regardless of the circumstances.

Open your account with comun now. Banking designed specifically for you.

Shared Financial Objectives

Joint accounts are great for working toward common financial goals. Whether you're saving for a house, a vacation or your child's education, having a joint account ensures that both partners are on the same page and contributing toward these goals together. This shared approach can foster stronger financial planning and more cohesive spending and saving habits.

A joint bank account improves transparency and trust in relationships. It encourages open communication about finances and helps ensure that both parties are aware and in agreement about how money is being spent and saved. This can lead to better financial decisions and reduce the potential for misunderstandings or conflicts over money management.

In case of emergencies, a joint account ensures that one partner can access funds if the other is incapacitated. This is especially important for older couples or those with health problems, providing peace of mind that finances can be managed even in difficult times. Elderly parents and adult children can also benefit from this setup, ensuring that necessary expenses are seamlessly covered.

Considerations for Shared Accounts

Sharing an account means sharing individual control over your finances. It is important to have mutual agreements about spending and to trust your partner's financial decisions. This could be a disadvantage for those who prefer total autonomy over their money. Having both joint and separate accounts can balance shared financial management with personal spending autonomy.

Money management can sometimes lead to disagreements. To avoid conflicts, set spending limits and have regular financial discussions to ensure both parties are on the same page. Clear communication is key to mitigating potential disputes, and consulting a financial planner or wealth advisor can also help in managing joint accounts effectively. Establishing clear guidelines for deposits, withdrawals and expenses means deciding together how much each person will contribute to the joint account, whether it's a fixed amount or a percentage of your income.

Spending and Savings Rules

This may include establishing rules for large withdrawals or expenses, requiring the agreement of both partners to avoid disputes. Having a mutual understanding of how the account will be managed can prevent misunderstandings and encourage a cooperative approach to money management.

Aligning Long-Term Financial Objectives

Align your long-term financial goals, such as saving for a home, retirement or a child's education. Establishing and working toward common goals strengthens your financial partnership and provides a clear direction for your joint account. Regularly review and adjust your goals as needed to stay on track and adapt to any changes in your financial situation.

Legal Aspects

Joint accounts come with legal responsibilities, such as liability for overdrafts and debts. It is essential to have clear agreements, especially in business partnerships, to avoid legal complications. Understand the legal issues and make sure both parties are aware of their responsibilities. The Federal Deposit Insurance Corporation (FDIC) insures joint accounts, but it is important to understand the coverage limits and implications.

Joint accounts can affect the credit ratings of both account holders. Responsible management and regular account monitoring are crucial to avoid negative impacts on your credit. Make sure both partners are committed to maintaining good financial habits. Any debt incurred on the joint account will reflect on the credit ratings of both account holders, so it is important to manage the account prudently.

Understanding Legal and Tax Implications

Be aware of the legal and tax implications of having a joint bank account. In some cases, joint accounts can affect your individual credit ratings and tax liabilities. Consult a financial planner or bank advisor to understand the impact on your personal finances and make sure you comply with any legal requirements. This understanding helps you make informed decisions and avoid potential legal or financial problems.

Tips for Successfully Managing a Joint Bank Account

Communication is key, and regular financial discussions are essential. Talk openly about your financial goals, spending habits and any concerns you may have. Schedule regular meetings to review your joint account and discuss any changes in income, expenses or savings goals. Open communication ensures that both partners are aware of the status of the account and can address any problems in a timely manner. Managing a joint bank account requires teamwork, communication and clear guidelines. Here are some tips to help you navigate this financial arrangement smoothly:

MaintainIndividual Accounts for Personal Spending
Maintaining individual accounts for personal spending can help avoid conflicts and ensure that both partners have some financial independence. Separate checking and savings accounts can complement a joint account by providing a space for individual spending and saving. This setup allows each person to manage their money separately while still contributing to shared expenses through the joint account. It also reduces the potential for conflicts over personal purchases and spending habits.
Introducing comun.app: For those looking to maintain individual accounts alongside a joint account, comun.app offers a perfect solution. With comun.app, you can easily manage your personal finances while keeping track of your shared expenses. The app provides an easy-to-use platform for budgeting, saving and making payments, ensuring that you have full control over your individual spending. This can be especially helpful for couples who want to balance joint financial goals with personal financial autonomy.
-UtilizeFinancial Tools and Resources
Take full advantage of the financial tools and resources available from your bank or financial institution. Many banks offer budgeting tools, financial planning services and wealth advisors that can provide guidance on managing joint and separate accounts. These resources can help you and your partner stay on track with your financial goals and make informed decisions.
-Establisha Contingency Plan
Have a contingency plan in case of emergencies or significant life changes. Discuss what would happen if one partner becomes disabled, loses his or her job, or if the relationship changes. Having a clear plan ensures that both partners are prepared for unforeseen circumstances and can continue to manage the joint account effectively.

By following these tips, you can successfully manage your joint bank account, fostering a collaborative and transparent financial partnership. Remember, the key to a successful joint account is open communication, clear guidelines and mutual respect.

We show you how to manage your personal accounts in the U.S. here

Conclusion

Joint bank accounts offer numerous benefits, from simplifying finances to fostering transparency and trust. However, they also require careful consideration and clear communication to avoid potential pitfalls. Weigh the pros and cons carefully and make sure both partners are on the same page before opening a joint account. Financial situations can change, so it is essential to remain flexible and adaptable. Regularly reevaluate your joint account setup and make adjustments as needed. Whether it's changing your contribution amounts, adjusting spending limits or reevaluating your financial goals, staying adaptable ensures that your joint account continues to meet the needs of both partners.

Have you heard of Zelle? It is a very popular digital payment platform in the United States. It allows you to easily send and receive money between users with affiliated bank accounts, whether they are traditional banks, digital banks or credit unions. 

In 2024 alone, Zelle registered 151 million registered accounts, including individuals and small businesses, reflecting its acceptance among U.S. users.

If you need to send money outside the United States with ease, such as Mexico, you are probably wondering which banks have Zelle in Mexico. 

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

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

Here we will explain how to receive money through Zelle, the benefits it offers for users in the United States and the alternatives to send money to other countries. 

What is Zelle and is it possible to use it in Mexico?

Zelle is a digital payment service that facilitates P2P (person-to-person) transfers at certain U.S. treaty banks.

It is characterized for being a fast service, with money transfers that are reflected in a matter of minutes, plus it is free of charge and has a wide coverage within the United States.

It works through the applications of the participating banks, since it has a direct connection with them and it is only possible to make money transfers to other Zelle users. 

But, which bank in Mexico is compatible with Zelle? Unfortunately, in Mexico it is not possible to send and receive money through this platform, since it is not designed for international money transfers, as it only meets 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's services, so you will not be able to make international money transfers through this platform.

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

This is a list of some of the banks that have Zelle in the United States:

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

Although Comun is not integrated with Zelle, this does not limit its operation, because it is a comprehensive personal finance solution, beyond money transfer . 

How to send money to Mexico with Zelle? The answer and efficient alternatives

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

The main reasons why there is no Zelle in Mexico are:

• To register with Zelle you need to access the online banking of one of the affiliated banks, all of which are 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 ability 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 CNVB.

In case you have used Zelle to send money within the United States, you are probably looking for an equally reliable system for international money transfers. 

Money transfer have evolved drastically with the digital era. Discover in this article the most recommended alternatives to send money to Mexico from the United States.

U.S. bank accounts with integrated remittance services 

In addition to traditional banks, there are alternatives that have integrated remittance services to facilitate the transfer of money to Mexico. 

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

International money transfer platforms

Another alternative to make international money transfers are the platforms specialized in this type of operations. 

Some examples are: 

• Wise: money transfer between accounts with real-time exchange rates
• Remitly: international money transfers with standard or instant transfer

The advantage of these platforms is that it is not mandatory to have a bank account and their operation is accessible, although the transfer fees are variable according to factors such as the amount to be sent and the exchange rate. 

Traditional international wire transfers in Mexico

You can also choose to make money transfers through traditional banks, for this you will need the SWIFT code of the receiving institution in Mexico, as well as the recipient's information. 

Although it is a safe option, it is also one of the most expensive, due to the high commissions and the participation of intermediaries that raise the cost. 

For example, a US bank such as Bank of America charges a $45 USD commission plus an average 1% to 3% exchange margin. Therefore, for a transfer of 1000 USD, the recipient receives approximately 900 MXN pesos less than with platforms specialized in international shipments. 

Cash deposit/withdrawal services in commercial networks

In case the recipient does not have access to a bank account, you can opt for a cash deposit and withdrawal service in physical branches. 

Some examples are:

• Western Union: global network for bank wire and cash transfer
• MoneyGram: allows bank account and cash remittances
• Comun: you can also send cash in a fast way.

Beyond Zelle: Comun simplifies your financial life in the U.S. and your money transfers to Mexico

Although Zelle is a very efficient service for sending and receiving money in the United States, it has limitations that prevent international money transfers, so it is more oriented to citizens who need to make frequent payments within their territory. 

In the case of the immigrant community in the United States, it is important to choose a solution that not only facilitates the transfer of money, but also offers a complete financial platform that is accessible and simple to manage.

Comun is the platform that will make your financial life in the United States easier, as it offers the following benefits:

• Open an account easily, with the official identification of your country.
• Forget about traditional fees: there is no set-up fee, no monthly fee and no minimum balance.
• There are no hidden fees for remittance transfer , make your first international transfer for free and then pay as low as $2.99 USD per transfer, up to the applicable limits.
• Technical support also available in Spanish.
• Integrate your finances and remittance transfer service in the same mobile application, making Comun an easy and secure option.
• Get a Visa debit card to make payments at physical stores.
• Access an extensive cash management network and make deposits at thousands of locations near you.

Open your account at Comun and access a hassle-free financial service. 

Frequently Asked Questions

Do I need a US account to use Zelle?

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

Can I send money to Mexico through 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 allows you to access an account and transfer remittances. 

Does Zelle offerComun to send money to Mexico?

Comun has no connection with Zelle, but you can send money to Mexico from $2.99 USD per transfer, up to the applicable limits.

How to put Zelle in Spanish?

As this service is available in the applications of the affiliated banks, you must access their configuration options and choose the Spanish language. 

How to download Zelle?

Enter the Play Store or App Store and search for Zelle. Remember that it is only available in the United States. 

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In the digital age, sending and receiving money has become easier and faster than ever. There are mobile apps that allow us to transfer funds to friends, family and businesses with just a few clicks on our phone. In this article, we introduce you to the best and most popular apps for sending money securely and efficiently.

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1. Zelle:

Zelle is a money transfer application developed by a consortium of U.S. banks that allows users to send and receive money directly between bank accounts. Because it is linked to bank accounts, Zelle offers a fast and secure way to transfer money without the need for a third-party application. To use Zelle, all you need is an email address or cell phone number and an account at a participating bank. While it may be the most popular option in the U.S. right now, it has a lot of work to do to improve accessibility in Spanish.

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2. Comun:

Of the apps on this list Comun is, without a doubt, the best for the Latino community in the United States. The Comun app experience is completely in Spanish, clear and fast. It has 100% customer service in Spanish. With phone lines, chat, and text messaging, Comun is the most accessible money transfer app for answering questions. In addition to unlimited personal transfers, Comun also offers a bank account and guides to connect Comun with Zelle, Paypal, Venmo and Cashapp. That's right, apart from being one of the best apps for sending money, with Comun you can connect to all the apps on this list. Comun accounts are FDIC insured up to $250,000.

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3. PayPal:

PayPal is undoubtedly one of the most popular and widely used online payment applications in the world. With a global presence in over 200 countries, it allows users to send and receive money in different currencies. In addition to personal transfers, it is also widely used for online payments in stores and e-commerce platforms. It has a buyer and seller protection function that provides greater security in transactions.

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4. Cash App:

Cash App, developed by Square, is another popular app for sending and receiving money in the United States. With Cash App, you can link your debit or credit card to make quick payments to friends and businesses. In addition, the app allows you to buy and sell cryptocurrencies such as Bitcoin and offers a rewards program called "Boosts," which provides discounts on purchases at selected merchants.

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5. Venmo:

Venmo is an application owned by PayPal, especially popular among young people in the United States. It allows you to send and receive money quickly between friends and acquaintances, even with personalized messages and emojis. Although Venmo is free for personal transfers, it has a small fee for receiving payments for services or sales. A distinctive feature of Venmo is its social component, as it allows users to view and comment on their friends' public transactions.

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Sending and receiving money has never been easier than with these popular and trusted applications. Each offers unique features and advantages, from the global presence of PayPal to the flexibility and accessibility of Comun. Be sure to research and compare the different applications to find the one that best suits your needs and preferences - start transferring money quickly and securely today!

Did you know that it is possible to send money without having a bank account? The lack of access to financial services is a problem that impacts the quality of life of thousands of immigrant workers in the United States.

According to a recent survey, the rate of the Latino community in the United States without a bank account dropped from 15% to 10% in the last two years. However, it remains elevated compared to the national average of 4.5%. 

Although having a bank account makes it easier to carry out financial transactions, such as transfers, payments in physical stores and online purchases, today there are alternatives that allow you to access banking services without an account. 

Below, you will discover how to transfer money from one card to another without an app or bank account, as well as the safest and easiest methods at your disposal. 

Send money online

The lack of a U.S. bank account is not an obstacle to sending money in and out of the country, as there are widely popular methods for immigrant workers to send remittances and make other transactions through prepaid cards and cash payments. 

International money transfer providers

It is one of the most popular ways to send money without a bank account, due to the accessibility and variety of payment methods and the wide coverage that is usually offered. 

International money transfer providers are companies specialized in facilitating the transfer of money from one country to another. The most important features of these services are: 

• Specialization in international money transfers, unlike traditional banks, which have limitations: high commissions, unfavorable exchange rates, long delivery times and involvement of intermediaries that increase costs.
• More affordable rates 
• Various transfer methods 
• Multiple money transfer locations

How to send money without a bank account through an international transfer platform?

Comun allows you to send money to your loved ones for a small transfer fee starting at $2.99 USD up to the applicable limits. It's very easy, just follow the steps below: 

1. Open your account in ComunIt will only take you a few minutes!
2. Choose the most convenient delivery method for your recipient, such as cash pickup at a physical store like Oxxo, Grupo Elektra, 7 Eleven and more.
3. You can also send the money directly to a bank and pick it up at one of its branches. 
4. Track delivery directly in your Comun mobile application

Comun is an excellent option for our community because it provides service in Spanish, which is highly valued by the immigrant community. Open your account today and start sending money without hassle.

What information do you need to send money without a bank account?

To make a money transfer without a bank account, you only need the following information from your recipient: 

• Recipient's full name, as it appears on the recipient's official identification card
• Recipient's telephone number

In case of making the transfer to a bank account, you will also need: 

• Address of your recipient
• Bank account number, depending on the receiving country

P2P Services

P2P(peer to peer ) services allow you to send money immediately from one individual to another without the need for intermediaries. These options facilitate everyday needs, such as paying rent or other shared services, sharing transportation expenses, and also sending money to family members in the U.S. or internationally. 

How to send money without a card through P2P services?

1. Choose a reliable provider, such as Cash App or Venmo.
2. Enter the recipient's phone number in the mobile application
3. Confirm the transaction and follow up

Send money by mail

There are other alternatives that involve the transfer of a cashier's check, certified check or money order through the postal service. 

Cashier's Check

This is a type of check that is issued with funds from the bank. The customer must pay in cash or directly from his account and the transfer is made out to the recipient. 

Certified Check

The check is issued with customer funds. The sender must have a bank account in order for the bank to perform a funds verification. The recipient can withdraw the cash directly at a bank branch. 

Money order

Another alternative to send money without a bank account is to make a money order, which is a kind of prepaid money order. To do this, all you need is:

1. Go to an authorized post office or store, such as USPS or Walmart, to purchase a money order. 
2. Write the name of the payee in the "pay payable to" section of the document. 
3. Write your name in the "buyer" section.
4. Sign in the space designated for the buyer, generally on the front of the document.
5. Save the receipt with the serial number
6. Pay the amount to be shipped plus the applicable commission
7. Send the money order by regular or certified mail.
8. Write the addressee's address in the center of the envelope and the sender's address in the upper left corner.
9. Buy a stamp at a post office and affix it to the envelope.
10. Depositing the envelope at the post office

The recipient may cash the money order at an authorized branch with his or her personal identification.

The disadvantage of this alternative is that it takes longer to arrive, because it uses a traditional transfer method. 

Send money with balance surcharge

There are other options available to send money without a bank account, such as prepaid cards and mobile applications. 

Reloadable Prepaid Cards

Reloadable prepaid cards work similar to a debit card, except that they are not linked to a bank account. In addition, they allow you to pay for services and make online purchases. 

To send money through a prepaid card, you only need: 

1. Know an international prepaid card shipping service, such as Western Union or Money Gram.
2. Select the provider of your choice and choose the prepaid card option through their website.
3. Enter the recipient's data, first make sure that they are compatible with the selected platform. 
4. Accept the transfer and make the payment plus commission

That's it! The recipient will receive the money on the prepaid card as if it were a bank transfer. 

Mobile Wallets/Applications (Mobile Wallets)

Finally, you can opt for wallets or mobile appswith a money transfer option. Some examples are Cash App, Venmo and Remitly, which give you access to a mobile app that you can use to send money to other users and also to receive it. 

In addition to not requiring a bank account, these applications have the benefit of being easy to use. Some also provide physical cards that work similar to debit cards. 

7 essential tips for sending money without a bank account

1. Verify the identity and data of the recipient.

Make sure you enter the correct information for the person you want to send the money to, whether it is name, account number or phone number. If there are any discrepancies, your recipient may have trouble collecting the cash. 

2. Compare rates and exchange rates

Each provider has its own fees, depending on the receiving country, amount and exchange rate. Remember that with Comun you do not have to pay excessive commissions, and you ensure that your family receives more for less. 

3. Know the transfer limits

There are platforms that have transfer limits, so you should take them into account before choosing an option. For example, Western Union has a limit of 7,499 USD per day, while Cash App allows up to 7,500 per week for verified accounts. 

4. Keep all receipts and reference numbers.

Although all of these methods are secure, it is important that you keep your receipts and reference numbers in case a clarification is needed or a mishap occurs. 

5. Use reputable and secure services

It is very important that you make sure you use a reliable service. For this you can check online reviews and make sure they have a website and/or physical offices. 

6. Be wary of scams.

Unfortunately, scams are common around financial services. Remember that no serious institution will ask you for passwords or verification data. Make sure you always log on to official sites. If in doubt, go to an authorized branch. 

7. Consider the delivery time

Most of the options will allow you to complete your shipments in a matter of minutes, but sometimes it may take several days. Keep this in mind before making the transfer with your preferred service. 

Frequently asked questions

Is it safe to send money without a bank account?

Of course, Comun is backed by leading financial institutions to protect your money up to the applicable limits. In addition, you can track your transfer directly in the Comun mobile app. 

How much does it cost to send money without a bank account?

Comun offers you a fee starting at 2.99 USD, regardless of the amount you send up to the applicable limits, and your first transfer is commission-free!

How long does it take for the money to arrive?

Cash takes approximately 1 hour to arrive at the selected store or bank branch. 

What documents do I need to send/receive money without an account?

You need your recipient's full name and he/she must present an official identification.