Compartamos Banco: ¿Qué Ofrece y Cómo Funciona?

Compartamos Banco is a Mexican microfinance institution that offers a range of financial services to low-income individuals and small businesses.

Compartamos Banco was founded in 1990 and has since become one of the largest microfinance institutions in Mexico.

The bank's mission is to provide financial services to people who are excluded from the traditional banking system.

Compartamos Banco offers a variety of loans, including personal loans, business loans, and loans for specific purposes such as education and healthcare.

Compartamos Banco is a Mexican entity that was founded in 1990. It started as a non-profit organization providing microcredits to people with a precarious economic situation.

Compartamos Banco has undergone significant changes over the years, transitioning from a non-profit to a for-profit entity in 2000. This shift allowed them to obtain a banking license in 2006.

Today, Compartamos Banco offers a wide range of services beyond microcredits, including insurance, loans, savings accounts, and debit cards.

Compartamos Banco offers its services through a wide network of physical offices across Mexico, with over 350 locations available. You can also access their services through their mobile app and online banking portal.

You can choose from four different types of accounts: Cuenta Básica, Cuenta Básica de nómina, Cuenta A Mi Favor, and Cuenta Mis Ahorros.

Here are the key features of each account type:

Compartamos Banco tiene más de 350 oficinas repartidas por todo México, ofreciendo sus servicios a través de ellas, una app para el celular y un portal web de banca en línea.

Para acceder a tus cuentas y operaciones financieras, puedes descargar la app Compartamos Móvil, que te permite consultar saldos y movimientos de tus cuentas de ahorro, crédito y seguros, realizar pagos de crédito y recargas electrónicas, y hacer transferencias entre cuentas Compartamos y a otros bancos.

Puedes enviar dinero desde Compartamos Banco a otras cuentas mexicanas de 3 formas: de manera presencial desde una oficina, a través del portal de banca online (Compartamos Net), o utilizando la app para el celular de esta entidad (Compartamos Móvil).

Para enviar dinero en una oficina, debes dirigirte a la oficina más próxima, esperar tu turno para ser atendido, indicar al agente que quieres enviar una transferencia SPEI, facilitarle los datos del destinatario, especificar el importe a transferir, hacer el pago o indicar que retiren el dinero de tu cuenta, y revisar que todo esté correcto y firmar el recibo.

Puedes enviar dinero con la app Compartamos Móvil siguiendo estos pasos: iniciar sesión, dirigirte a “Transferencias”, seleccionar la cuenta desde la que transferirás el dinero, pulsar el botón “Añadir beneficiario” e indicar los datos personales y bancarios del receptor, escribir el monto y el motivo del envío, y verificar que la información sea correcta y pulsar “Transferir”.

Compartamos Banco no soporta transferencias internacionales, ya que no forma parte de la red SWIFT.

Aquí hay una lista de las 4 tipos de cuentas que ofrece Compartamos Banco:

Contratación de una cuenta con Compartamos Banco cuesta $25.87 MXN (sólo para Cuenta A Mi Favor).

Envío de tarjeta a domicilio tiene una comisión de $58.85 MXN.

Reposición de tarjeta cuesta entre $25.87 MXN y $50 MXN (no aplica a Cuenta Mis Ahorros).

Hay comisiones para operaciones en Puntos Yastás, incluyendo $4.31 MXN para retiros y depósitos (3 gratis al mes).

Depósito en Puntos Yastás tiene un costo de $4.31 MXN (3 gratis al mes).

Envío de transferencia SPEI desde sucursal tiene una comisión de $10 MXN.

Envío de transferencia SPEI por canales online es gratuito.

Recibir remesa del extranjero es sin costo.

Retiros en el exterior tienen una comisión de $25 MXN más la comisión del cajero.

Consulta de saldo en cajeros del exterior cuesta $15 MXN más la comisión del cajero.

Compartamos Banco utiliza tipos de cambio diferentes para convertir pesos a moneda extranjera, lo que puede resultar menos favorables para ti.

You can withdraw money with Compartamos Banco's card without paying commissions by visiting one of their offices or ATMs listed on their website.

To avoid paying commissions, it's best to use Compartamos Banco's own ATMs or offices.

However, if you need to withdraw cash from another bank's ATM, be aware that the owner bank will charge you a commission for the service.

Compartamos Banco ofrece varios tipos de créditos para ayudarte a alcanzar tus objetivos financieros. Uno de los créditos más populares es el Crédito Individual, que concede un préstamo personal con un mayor financiamiento a quienes necesitan hacer una inversión más fuerte en sus negocios.

El Crédito Individual de Compartamos Banco tiene un límite de hasta $500,000 MXN y un interés anual de 76.9% más impuestos. Para ser elegible, debes tener un negocio con al menos 6 meses de antigüedad y un buen historial en tus pagos.

El Crédito Grupal es otro tipo de crédito que ofrece Compartamos Banco, diseñado para grupos de 5 o más personas. El Crédito Grupal tiene un límite de $7,000 MXN a $90,000 MXN y un interés anual de 72.3% más impuestos.

Aquí te presentamos una tabla con los requisitos generales para obtener un crédito en Compartamos Banco:

Es importante tener en cuenta que cada crédito tiene sus propios requisitos específicos, por lo que es importante revisar los detalles de cada uno antes de solicitar un crédito.

At Compartamos Banco, you can send money to other Mexican accounts in three ways: in person at an office, through the online banking portal (Compartamos Net), or using the mobile app (Compartamos Móvil).

To send money in person, you'll need to visit a branch, wait for your turn, and let the agent know you want to send a SPEI transfer. You'll need to provide the recipient's details, specify the transfer amount, and pay the fee or have the money withdrawn from your account.

The process is similar when using the online portal or mobile app, where you'll log in, select the transfer option, and enter the recipient's details and transfer amount.

Compartamos Banco doesn't support international transfers, as it's not part of the SWIFT network.

You can also receive money at Compartamos Banco, and all you need to do is share your CLABE number with the sender. You can find your CLABE number in the "Tarjetas" section of Compartamos Net or the mobile app.

If you're expecting a transfer, you can receive it from Compartamos Banco in under 30 minutes, and it's free of charge. However, you can also receive remittances from agencies like Western Union, Remitly, or MoneyGram.

To withdraw cash with your Compartamos Banco card, you can visit a Compartamos Banco office, a collaborating store, or a Yastás point. You can also withdraw cash from another bank's ATM, but be aware that the bank will charge a fee for the service.

Here's a list of ways to withdraw cash with your Compartamos Banco card:

Compartamos Banco takes the security and privacy of its users very seriously. The app's developer, Banco Compartamos S.A., handles user data in accordance with their privacy practices, which you can find in the developer's policy.

Compartamos Banco is a safe and secure banking entity. It is properly constituted and registered in the Registry of Property and Commerce, and it has a complete banking license, making it a member of the Mexican Banks Association.

Your money is protected by the IPAB's deposit insurance up to 400,000 UDIS. This means you can trust Compartamos Banco to keep your deposits safe.

When it comes to app privacy, it's essential to understand what kind of data is being handled. Banco Compartamos S.A. developed this app, and they mentioned that data management practices may include handling data as described in the app's privacy policy.

The app's privacy policy is where you'll find the details on data management. To get the full scoop, check out the policy of the app's developer.

By understanding how your data is being used, you can make more informed decisions about your online presence.

Compartamos Banco is a safe entity, as it is properly constituted and registered in the Registry of Property and Commerce. It also has a complete banking license and is affiliated with the Association of Banks of Mexico.

The money you have stored in your account is protected by the banking deposit insurance of the IPAB, up to a maximum of 400,000 UDIS.

Compartamos Banco attracted fierce criticisms due to the high returns on equity of 53% generated by charging interest rates in excess of 100% from those in poverty.

Microfinance pioneer Muhammad Yunus described Compartamos's priorities as "screwed up" and suggested they should not be compared with the microcredit projects he had championed.

The Consultative Group to Assist the Poor, a World Bank affiliate, argued that the IPO was the consequence of a justifiable earlier decision to take private investment to expand their capacity to offer loans.

Compartamos attracted fierce criticisms in the wake of the IPO for enriching wealthy private investors with returns on equity of 53% generated from charging interest rates in excess of 100% from those in poverty.

Microfinance pioneer Muhammad Yunus described Compartamos's priorities as "screwed up" and suggested they should not be compared with the microcredit projects he had championed.

The Consultative Group to Assist the Poor, a World Bank affiliate, argued that the IPO was the consequence of a justifiable earlier decision to take private investment to expand their capacity to offer loans.

Compartamos expressed concern that they may be placing shareholders' interests ahead of their clients, which is a worrying trend in the microfinance industry.

The high interest rates charged by Compartamos, in excess of 100%, have been a major point of contention among critics, who argue that they exploit those living in poverty.

Muhammad Yunus's criticism of Compartamos highlights the importance of prioritizing the needs of clients over the interests of investors in microfinance.

Compartamos Banco has a range of account options, including Cuenta A Mi Favor, Cuenta Mis Ahorros, Cuenta Básica, and Cuenta Básica de Nómina.

Their mobile app allows for easy transfers, as seen in their YouTube channel.

You can deposit funds to your debit card in various ways, according to their blog.

Compartamos Banco offers different types of loans, such as Crédito individual, Crédito Crece y Mejora, Crédito Adicional Plus, and Crédito Grupal, with their own commission fees.

Their services are regulated by the Mexican government, as shown in the Convenio between the INEA and Compartamos Banco.

Compartamos Banco is a member of the Asociación de Bancos de México, a list of which can be found on their website.

The Mexican government offers a deposit insurance program, known as the IPAB, to protect bank customers' deposits.