US Deposit Account

No Hidden Fees.

No Border Crossings. Simple US Deposit Accounts.

Coba is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass-through FDIC insurance coverage is subject to certain conditions.

A hassle-free, US Deposit Account you can open from Mexico—no crossing required.

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From Expensive to Effortless, A Better Way

Without Coba

  • Paying hidden fees for cross-border transfers.
  • Limited options to safely store your USD.
  • Hassles with receiving payments from US clients.

With Coba

  • Zero fees on ACH transfers, no border crossings needed.
  • A US Deposit Account, connected to any Mexican Account.
  • Digital account setup from anywhere in Mexico.
Features / Benefits

From High Fees to High Savings, A Smarter Solution

Save more with no fees on receiving ACH payment

Open and manage your account digitally from Mexico or the US

Your USD is stored safely in a US Bank Account

Use Case - MX Professionals in the US

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.

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Features / Benefits

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

View more products

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

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Expert Tax Support for Cross-Border Professionals

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Compare and See Why Coba Stands Out

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Don’t just take our word for it
“Simply the best solution for those of us who have international clients and live in Mexico. Coba has the greatest user experience coupled with the most competitive exchange rate. I’m glad I’ll never need to use traditional banks to convert my USD again.”
Picture of one of our clients sharing a testimonial
Rafael Cardenas
Staff Software Engineer
"Coba has been immensely helpful in precisely managing my clients' payments, despite currency fluctuations. Moreover, their advisory and accounting support has been crucial in keeping my fiscal situation organized and up-to-date. 100% recommended!"
Picture of one of our clients sharing a testimonial
Beatriz Montaño
Art Director
“A platform where I can easily deposit earnings directly into my US account and access those funds in pesos whenever I want. Coba offers excellent customer service at any time and is willing to help making it a better experience.”
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Mariana Villarreal
Head of People Ops

Frequently asked questions

At Coba, we offer the Deposit Account and Virtual US Debit Card with no fee.

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.

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.

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.

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.

Coba is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass-through FDIC insurance coverage is subject to certain conditions.

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