Bank Smarter, Not Harder in Mexico

Unlock effortless banking with Coba, where managing your finances in Mexico is as simple as enjoying the sunset.

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.

Backed by world class investors

US Features

Stop banking like a tourist, bank like a local

Coba redefines banking for Americans in Mexico with a mobile-first approach, zero international fees, US account with local MXN spending, plus bilingual support—all in one smooth experience.

Zero International Fees

Our platform offers zero international transaction fees ensuring more of your money stays in your pocket.

Local MXN Card

Spend in Mexico with a Local Card, making everyday transactions in Mexico a breeze.

Send and Receive US dollars

US transfers made easy with ACH and Wire transfers

* 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.

Fees and Usage

Zero international fees

Noteworthy Mentions

What experts say about us

Learn more

Convenience

Local Mexican Peso Card

Designed for seamless transactions in Mexico, this card allows you to make purchases directly in pesos smashing international fees

Emitted directly in Mexico

International cards have a tendency to leave you hanging, our local card has one of the best acceptance rates in Mexico

Works with Local ATMs

Our local cards plays well with local ATMs, so you can rely on getting your cash on time when you need to.

Instant top-up

Not enough funds in your Mexico Card? Instantly top up from your US account and pay for those cervezas in a breeze.

Avoid international fees

Long gone are the days where you have to pay up to 4% when spending with your card.

Schedule your onboarding

Trusted Support

Bilingual support you can rely on

Experience peace of mind with our bilingual support team, available to help you navigate your financial needs with confidence and ease.

In app secure chat

Chat with our advisors through the app, simple, secure, and convenient

Submit reports in English

Lost your card? Tranquilo, submit a report in English our team can handle it.

Get help from our local team

Need assistance understanding a merchant or paying rent, our local concierge team can help!

Testimonials

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.”

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!"

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

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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