3 Key Financial Steps for Newcomers in the U.S.

Starting a new life in the U.S. comes with exciting opportunities, but it also means learning how to navigate a completely new financial system. Managing your money in a new country might seem overwhelming at first, but by taking a few simple steps, you can set yourself up for long-term financial success. Whether your goal is to build credit, save for the future, or simply handle everyday expenses with ease, these three key financial actions will help you get started on the right path.

1. Open Your First Financial Checking Account

One of the first steps to financial independence in the U.S. is opening a checking account. A financial checking account allows you to receive your paycheck, pay bills, and make everyday purchases securely.

At Dora Financial, we believe everyone should have access to fair and transparent banking. That’s why our checking account is:

• Available even if you don’t have an SSN—you can apply using an ITIN or your passport.

• Completely free—no monthly fees, no overdraft fees, and no minimum balance required.

• Easy to manage—you can control everything from your phone.

Opening a checking account is your first step toward financial stability and independence in the U.S.

2. Get Your Debit Card for Everyday Purchases

Carrying cash isn’t always safe or convenient, and many places in the U.S. prefer cashless transactions. A debit card makes it easy to shop, withdraw cash, and pay bills without worrying about carrying physical money.

When you open an account with Dora, you’ll receive a Visa® debit card that you can use anywhere Visa is accepted—both in-store and online. Whether you’re buying groceries, paying rent, or sending money to family, your Dora debit card gives you the freedom and flexibility to access your money when and where you need it.

3. Set Up Direct Deposit for Faster Paychecks

If you’re working in the U.S., you’ll want to get paid as quickly as possible. Many employers offer direct deposit, which allows your paycheck to be sent straight to your cheking account—eliminating the need to cash paper checks and wait for funds to clear.

With Dora’s early direct deposit feature, you can access your paycheck up to two days early, helping you manage your expenses without unnecessary delays. Direct deposit is the fastest, safest, and most reliable way to receive your earnings.

How Dora Financial Supports You Every Step of the Way

Moving to a new country comes with many challenges, but managing your money doesn’t have to be one of them. At Dora Financial, we are committed to making finances simple, accessible, and transparent—especially for newcomers to the U.S. In addition to a fee-free checking account, Visa® debit card, and early direct deposit, we also offer free financial coaching to help you navigate the U.S. financial system with confidence.

If you ever have questions about saving, budgeting, or building credit, our expert financial coaches are here to provide personalized guidance to help you reach your goals.

Building a strong financial foundation starts with small steps. By opening a checking account, getting a debit card, and setting up direct deposit, you’ll be on your way to greater financial security and independence in your new home.