Starting over in a new country means starting over in many aspects — and your finances are no exception. A lack of information, unfamiliar systems, and the urgency to get everything done quickly can lead to decisions that affect your financial stability.
Here are 5 common mistakes many people make when arriving in the U.S., and how to avoid them using tools designed for those, like you, who are building a new future.
1. Keeping all your money in cash
While it might seem like the easiest option, relying only on cash is risky: there’s no protection in case of loss or theft, and it limits your ability to shop, save, or make payments.
With MyBambu, your money is safe from day one, and you can start integrating into the financial system with confidence.
2. Letting others manage your finances
It’s normal to ask for help at first, but relying on someone else to send money or make payments can leave you exposed to mistakes or even fraud.
With the MyBambu app, you can send money yourself, directly from your phone, with low IMT transfer fees and Spanish-language support.
3. Not tracking your spending
Without a record, it’s hard to know where your money goes or how to start saving.
With MyBambu, you can view all your transactions instantly, stay organized, and avoid confusion that comes with handling only cash.
4. Not building financial history early on
In the U.S., financial history is essential. Without it, getting credit, renting a home, or applying for services becomes more difficult.
Opening an account can be the first step. Every transaction you make with MyBambu is tracked in your app, helping you build a solid financial track record from day one.
5. Not knowing your rights or financial options
Many newcomers believe they can’t access financial services because they lack certain documents. But inclusive options do exist.
At MyBambu, we provide full Spanish support and never check immigration status. Our mission is to make financial access simple and barrier-free for everyone.
Avoid these mistakes and start off on the right foot
With the right information and tools, taking control of your financial future is within reach.
Create your MyBambu account in minutes, manage your finances with confidence, and take the first step toward a stronger financial future.
MyBambu, your account for everything.
