Coba Fintech US & MX 1.6.72

At Coba, the belief is that ease and empowerment should be the hallmark of living and working across borders. With a focus on assisting professionals in managing their finances seamlessly between the US and Mexico, our platform enables individuals to prioritize what truly matters—advancing in a globalized world.

• What is Coba? Coba serves as a cross-border financial platform facilitating the seamless management of both US income and Mexican financial obligations from a single location. Whether you earn in dollars and spend in pesos, send money to family back home, or conduct cross-border payments, Coba equips you with the necessary tools. Our FDIC-insured account allows for efficient money management in USD, instant transfers to Mexico, and access to local services—all complemented by transparent fee structures and optimal FX rates.
• Open a US Deposit Account in Minutes With Coba, opening a US account is a straightforward and prompt process that entitles you to:

1. US Deposit Account: Effortlessly establish a U.S.-based, FDIC-insured account using just your Mexican ID. Safely manage your income and expenditures in the US.
2. Access to the US Financial System: Unlock ACH capabilities for vendor transfers or connect your Coba account to other platforms via Plaid.
3. Instant Cross-Border Transfers: Seamlessly send and receive funds through our interconnected platform, facilitating easy USD-MXN transactions between your US account and Mexico.
4. Local MX Services: Utilize your Coba card at Mexican ATMs, execute local payments, and spend pesos directly from your U.S. account. Stay abreast of both financial systems concurrently.
5. Full FX Control: Optimize your USD value with competitive FX rates for spending or remitting money to Mexico.

• MX SEPI Connected to Your US Deposit Account Integrating Mexico’s SPEI system with your US Deposit account streamlines cross-border transactions:

1. Direct SPEI Transfers: Instantly send funds from your US Deposit Account to recipients in Mexico via the SPEI system, encompassing family members, vendors, and service providers.
2. Automated Payments: Arrange scheduled or recurring payments for commitments such as mortgages or credit card bills with automated precision to avoid missed payments.
3. Payments Based on FX Deltas or Gains: Tailor payments to settle upon reaching an FX surplus threshold or specified gain level.

How to Open an Account:

1. Download the App.
2. Apply: In minutes, open a US Deposit Account with your Passport or INE along with basic details in a secure and swift process.*
3. Start Getting Deposits: Directly manage incoming USD payments upon establishing your account, initiating seamless cross-border financial management immediately.

*The timeframe for account opening may vary depending on eligibility criteria and provision of accurate information. Additional documentation may be required for U.S. residents.

Disclaimer:

Coba operates as a financial technology company rather than an FDIC insured depository institution. Banking services are facilitated by Bangor Savings Bank, an FDIC member. The coverage by FDIC insurance safeguards against the potential failure of an FDIC insured depository institution. The use of the Coba Mastercard® Debit Card is authorized by Bangor Savings Bank under license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circular design is a trademark of Mastercard International Incorporated. Discover spending opportunities wherever Mastercard is accepted.