Seamless Cross-Border Payments from the US to Mexico
Connect Mexico's SPEI system to your US Deposit Account. With SPEI 10x, send money to vendors, family, or credit cards directly from your dollars. Automate payments, schedule transactions, and maximize your USD value effortlessly.
SPEI 10x bridges the US and Mexican financial systems—all automated for ease and maximum value.
Maximize Every Transaction with SPEI 10x
Without Coba
- Paying more and waiting longer for international transfers in the US-MX corridor
- Each payment requiring tedious manual input and a conversation with an FX analyst
- Losing value on every transfer due to low FX rates
With Coba
- Fast, seamless payments with no hidden fees between the US and Mexico
- Recurring transfers based on dates and FX chantes to save time and hassle
- Get the best rates, maximizing every dollar paid out to Mexico
Faster, smarter, and tailored to your US-MX cross-border needs
SPEI Connected to the US Financial System
Payouts to Vendors, Family, and Credit Cards
SPEI Automation for Recurring Payments
A Financial Lifeline Between Your Two Worlds
Effortlessly manage your US income while fulfilling your commitments in Mexico. From easy ACH deposits to secure SPEI payouts, Coba’s low-cost solutions ensure your money moves where it’s needed most—without the extra costs. It’s like having a bit more in your pocket with every transaction.
Unlock More Features, Maximize Your Savings
Connect with other US accounts via Plaid to easily manage your finances
Bank Anywhere, Anytime—Right from Your Phone
Receive domestic and international wires into your account
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
Your US Dollars, Spent Seamlessly in Mexico
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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