Comun
Built by Mexican founders for Latino immigrants: passport onboarding and fast remittance.
Banking for Latino immigrants; passport onboarding.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner bank (Community Federal Savings Bank); Visa debit; FDIC pass-through.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Comun’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · immigrants & migrants |
| HQ | New York, US |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner bank (Community Federal Savings Bank); Visa debit; FDIC pass-through |
| Card | Visa · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | North America |
| Countries | United States |
| Founders | Andres Santos, Abiel Gutierrez |
| Funding | ~$50M+ raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @comunapp ↗
Common questions about Comun
What is Comun?
Comun is a fiat neobank built for immigrants & migrants, headquartered in New York, US and founded in 2021. Your money is held custodially, so Comun or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner bank (Community Federal Savings Bank); Visa debit; FDIC pass-through).
Does Comun have a card, and where can you use it?
It issues a Visa debit card. It is available in North America.
Does Comun require KYC?
Yes. Comun requires identity verification (KYC) to open an account, as a partner-bank model.
Early investors
Head-to-head
Comun vs Majority · Comun vs Zolve
Peers
Chime · Wise · Varo · Current · SoFi · Ally Bank
Comun appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in North America (126) · Neobanks for immigrants and migrants (9) · Neobanks that issue a Visa card (182) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.