Mexico Local Card

Your Dollars, Your Pesos. One Card for Seamless Spending in Mexico

Instantly fund your card from your U.S. account and live the best of both worlds—earn in dollars, spend in pesos.

The Card That Eliminates FX and International Fees on Local Purchases, Giving You Full Control

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See the Difference with Coba’s Mexico Local Card

Without Coba

  • High international fees on every purchase in Mexico.
  • Limited acceptance of your foreign cards, leading to payment headaches.
  • Hassle of currency conversion and uncertain exchange rates.

With Coba

  • Zero international fees on all local purchases in Mexico.
  • High acceptance rate at retail stores and ATMs across Mexico.
  • Instant funding from your US Deposit account, spending seamlessly in pesos.
Features / Benefits

The Benefits of Coba’s Mexico Local Card

No International Fees—More Savings for You

High Acceptance Rate Across Mexico

Instant Funding from Your US Deposit Account

Use Case - Expats in Mexico

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

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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.”
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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.”
Picture of one of our clients sharing a testimonial
Mariana Villarreal
Head of People Ops

Open your Cross-Border USD Account today

Unlock seamless cross-border banking and start saving more—open your USD account with Coba today

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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

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Expert Tax Support for Cross-Border Professionals

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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.

Still have a questions?

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