Market beating FX rates at lightning fast speeds
Coba vs. The Rest: Why We’re the Smarter Choice
Save More, Stress Less—Coba Outperforms Incumbents
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USD Account
Superior FX Rates
Get Paid in USD
USD Insured*
Time for transfers
Cross-border Tax Support
Customer Support
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Superior FX Rates
Get Paid in USD
USD Insured*
Time for transfers
USD Debit Card**
Mexico Local Card
Cross-border Tax Support
Customer Support
Column Heading
Column Heading
Superior FX Rates
Get Paid in USD
USD Insured*
Time for transfers
USD Debit Card**
Mexico Local Card
Cross-border Tax Support
Customer Support
Column Heading
Column Heading
Superior FX Rates
Get Paid in USD
USD Insured*
Time for transfers
USD Debit Card**
Mexico Local Card
Cross-border Tax Support
Customer Support
Annual Savings
Save thousands in fees per year. More money in your pocket.
With Coba, withdrawing $48,000 USD to MXN per year, you’ll be saving up to $30,000 MXN *.
Open your Cross-Border USD Account today
Unlock seamless cross-border banking and start saving more—open your USD account with Coba today
Frequently Asked Questions
What fees does Coba charge?
At Coba, we offer the Deposit Account and Virtual US Debit Card with no fee.
What is the difference between the Coba Deposit Account and a Wallet?
Coba is a Fintech (or financial technology) company. This means we don’t have a bank charter, but instead, partner with Bangor Savings Bank, Member FDIC. This allows us to provide you with banking products and services, and to insure your deposits with us up to the legal limit of $250,000 USD. In contrast, a Wallet won’t have the same flexibility and security that the current banking system can provide.
Who can open a Coba account and what information do I need to provide?
Coba was created for individuals living outside of the US, who need access to a U.S. based deposit account to receive payment from their U.S. employers. Coba is currently available to individuals living in Mexico.
To comply with banking regulations, we need to collect information that will allow us to verify your identity. This includes your personal information, Tax ID (RFC) and National ID Number (CURP), Government ID + Selfie picture and Proof address if different than address displayed on Government ID (utility bill, bank or credit card statement). In some cases, we may also ask for additional documentation to confirm your identity, but only if it’s completely necessary.
I want to receive my USD payments into a US Deposit Account. Do I owe taxes?
According to the US Internal Revenue Service (IRS), your residency status and the location where you perform your work as a contractor determines the source of your income for tax filing and tax payment purposes. This article from Deel (Payroll for Global Teams) offers additional information.
Cross-border tax can be complex, which is why Coba offers it’s members a Tax Support Service to make it easy to fulfill your own tax obligations in line with local tax laws in your country of tax residence. Coba members have access to a qualified tax expert as well as an easy in-app way to report payments, timbrar facturas to local authorities and even submit monthly tax declarations.
How is my money safe?
Funds in your Coba Deposit Account is insured by the FDIC (Federal Deposit Insurance Corporation) through our partner bank, Bangor Savings Bank, Member FDIC, up to the legal limit of $250,000 USD.
Still have a questions?
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