If you are thinking of investing in the United States, one of the most important questions to ask yourself is which bank is best for making the investment. We tell you which are the best banks if your capital comes from Latin America.
The first thing we have to take into account if we want to invest in the United States is that there are multiple options, and not all of them fit the needs and requirements of investors.
In this sense, it is recommended that only the services of banking institutions be used that –according to their conditions– collaborate in the fulfillment of financial goals in a safe and responsible manner.
In this context, in recent years important policies and measures have been implemented at the banking level, especially within the Hispanic sector. In fact, currently, more than 40 million people from Latin America live in the United States.
However, about 12% of those households do not enjoy banking services of any kind, according to a survey conducted by the Federal Deposit Insurance Corporation.
Experts consider that ignorance on the subject prevents them from taking advantage of all the facilities offered by banks.
Many Latin Americans fear for the safety of their funds, are not familiar with the issue of bank commissions, rates or interest, and do not feel comfortable managing their accounts virtually.
But specifically, there are several allied banks for Latinos who have immigrated to the United States and want to improve their relationship with money and finances. We show you a list with the 7 best banks to invest in the US.
1. TD Banknorth NA
TD Banknorth NA is one of the best banks in the United States and also one of the ones that provides the most facilities when opening bank accounts.
In recent years, he has facilitated many banking processes to boost the financial activities of the Hispanic community living in the US.
In fact, it is one of the most flexible banks in terms of documentation or requirements (something that is not common in North American banking entities). In addition, new clients receive a welcome bonus of $300, so it looks like a more than attractive option.
2. Bethex Federal Credit Union
A large percentage of the Hispanic community feels comfortable with the services of this institution in the United States, especially because it allows them to send their earnings quickly and with confidence.
If what you are looking for is to send money from the US to Chile, Colombia, Mexico, Argentina, among other countries, this entity can probably help you.
Its exchange rates are very attractive and its customer service system is very friendly to Latin Americans.
3. Latino Community Credit Union
This bank is very useful for Latinos who must apply for loans in the United States under fairer and more favorable terms or conditions.
Its credit products designed especially for Latin American residents are very complete and the payment installments are not that high, which is why they compete strongly in the financial market.
In this bank, immigrants can apply for loans with confidence and security and open retirement accounts more easily.
4. Trust Financial Company
The Truist Financial Company is one of the best banks in the United States and also one of the ones that provides the most facilities when opening bank accounts.
It is the 14th largest bank in the country and one of its main audiences are people between the ages of 20 and 40.
In fact, the financial institution has a division of multicultural markets that is in charge of expanding that market segment firmly.
Even for greater comfort, all its services can be accessed in different languages from its website.
5. JPMorgan Chase
This company is a leader in investment banking, financial services, asset management and private investments.
In 2022, JPMorgan Chase launched the Advancing Hispanics & Latinos (AHL) office to support Hispanic and Latino communities around the world.
Along the same lines, it even waived charging monthly fees using direct deposits, maintaining a minimum balance, or linking eligible accounts.
6. Bank of America
If what you are looking for is simply a bank where you can easily access your money instead of looking for high interest rates on your savings, then this bank is made for you.
Bank of America has a large number of branches and ATMs throughout the country.
This multinational banking-type company is headquartered in North Carolina and is considered the fifth largest in the United States by revenue and the third largest worldwide.
One of the biggest attractions that this financial institution offers its clients is its easy access.
This bank is an ideal option for Latin Americans who want to manage their credit cards and bank accounts in one place.
With Discover Bank it is possible to open checking accounts without monthly surcharges. Also, high-yield savings accounts offer great benefits.
In addition, with its rewards program you can receive 1% cash back on the purchases you make with your debit card permanently.
Investing in BAI Capital is investing in the United States
With a presence in the real estate sector in the states of Florida, Texas and New York, BAI Capital specializes in generating value from the acquisition of land to the development of mixed-use projects, such as residences for the elderly, student residences, multifamily buildings. for rentals and mixed use, including condos and retail.
Our mission is to safeguard the capital of the partners and the own capital under the minimum risk exposure. With a safe development and going through all the stages: Land purchase, adjustment of urban zoning, commercial vision in architectural development and management of building permits. Then, we take charge of the capitalization, construction and exit with return of the capital and profits to the partners.
In this way, we guarantee fixed and stable returns for your client portfolio. In addition to having a confidential work protocol with encrypted web forms. Use of protected personal data and private meetings with our agents throughout Latin America.