Arriving in the United States is exciting, but it can also be a challenge. Everything feels new: the language, the culture… and of course, the way money works.
You might be asking yourself: Should I keep using cash like I did back home? Do I need a card? How can I send money to my family?
Don’t worry. Here’s a simple guide to how the financial system works in the U.S., the key differences you’ll notice, and how MyBambu can help you take control of your money from day one.
Cash: familiar, but very limited
In many Latin American countries, cash is the most common option. You don’t need a bank account, you can see exactly what you spend, and you don’t depend on technology. But in the U.S., using only cash comes with several disadvantages:
- It’s risky to carry large amounts of money.
- You can’t shop online or take advantage of digital deals.
- It doesn’t help you build a financial profile.
On top of that, the U.S. financial system is built around cards and electronic payments. Not having a card here can really limit you.
Cards: useful, but not always easy to get
Having a card lets you pay more securely, shop online, and access perks like cashback, discounts, or promotions.
The challenge? Getting one isn’t always simple. Many financial institutions require:
- A Social Security Number
- Immigration documents
- A U.S.-issued ID
And even if you qualify, you’ll often face hidden fees and transaction charges.
The alternative: MyBambu, an app made for you
This is where MyBambu comes in—a financial solution created for immigrants, no immigration status verification required.
With MyBambu you can:
- Open your account from your phone, without visiting a branch.
- Use your official ID from your home country to get started.
- Receive a physical and digital Visa® debit card.
- Send money to LATAM, with fees starting from $0.85.
- Make deposits, withdrawals, payments, and transfers in one single app.
Why choose MyBambu?
Because we understand your needs. MyBambu was created with one clear mission: to offer financial services that are accessible, secure, and simple for those starting a new life in the United States.
Whether you just arrived or you’ve been here for a while looking for the right fit.
MyBambu, your account for everything.
