Instant transfers, lowest fees—savings that feel like almost a 5% raise.
Withdraw USD to MXN in seconds, saving you both money on fees and time—available even on weekends and holidays.
Save more with fast, low-cost USD to MXN transfers
From Delayed and Costly Transfers to Instant Savings
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Your Life Before Coba
- Losing money to high FX fees and slow transfers.
- Waiting days for cross-border payments to process.
- Limited to bank hours for sending money.
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Your Life After Coba
- Save on FX fees with one of the lowest rates available.
- Convert USD to MXN instantly and send pesos in seconds.
- Transfer money anytime, including weekends and bank holidays.
Save Money, Save Time, Transfer Instantly
Convert USD to MXN in seconds—save time by skipping the wait
Just 0.85% from the mid-market rate—more pesos for your dollars
Transfer money on weekends and holidays—no more waiting
Feel at Home with a US Deposit Account That Works Like You Do
Say goodbye to the ‘foreigner tax’ and hello to seamless financial management. With zero international fees and the ability to spend locally in pesos, Coba ensures you maximize your dollars, giving you the freedom to enjoy Mexico without financial stress
More Savings, More Speed, More Control
Zero fees for using this feature—only the lowest FX rate there is
Full control on your mobile, no signatures or paperwork required
Send to family and friends in Mexico easily and securely
Open your Cross-Border USD Account today
Unlock seamless cross-border banking and start saving more—open your USD account with Coba today
Discover the Tools to Empower Your Financial Journey
Explore the full suite of Coba’s offerings, designed to simplify your financial life, maximize your earnings, and provide seamless cross-border solutions
Programmatic Payouts for Specific Cross-Border Needs
Expert Tax Support for Cross-Border Professionals
Compare and See Why Coba Stands Out
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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