Regardless of status

important questions: Will I lose my money if I get deported? Should I close my account? Could I have access from my home country? If I own a business, what should I do with my assets?

No matter which institution you choose, all of your money will be insured by federal regulations.

Money that is kept in banks and credit unions is safe and will remain yours regardless of any immigration process you go through. Closing your account and carrying cash is risky.

There are many ways to access your accounts remotely. However, it is necessary to plan ahead and learn how you can access your money from other countries. Talk to your bank or reach out to community organizations for help.

It is important to note that just as your money will continue to be your money if you are deported, your debt will also remain your responsibility as well.

It is also important to continue saving money since facing any immigration proceeding will likely be expensive.

Take action and start preparing an emergency action plan so you can be ready in the unfortunate event that you might have to go through an unexpected immigration proceeding. There is no better time than now.

Qualitas of Life Foundation is a non-profit organization whose mission is to provide basic financial education to Hispanic individuals and their families living in New York. For more information, go to qualitasoflife.org