The eight uncomfortable questions, on the record.

Yes. We quote against a public mid-market reference. The source we plan to use is the FIX rate published by Banco de México every business day.

What is missing: the averaging window, meaning how we treat market moves between one publication and the next. It will be written into pricing.txt before launch. Meanwhile, this site's calculator uses a dated daily reference rate (today from the European Central Bank via frankfurter.dev). Any margin, if one ever existed, would appear as a separate line before you confirm. Never inside the rate.

Nobody today, because no customer holds a balance: Pesito is pre-launch.

At launch, the plan is this: customer dollars sit in an account held for the benefit of customers (an FBO account) at a licensed financial institution in the United States. Pesito keeps the record of how much belongs to whom, and you are the beneficial owner of your balance. The money is not on Pesito's balance sheet.

The institution: the agreement is being negotiated and we will not name it until it is signed.

The precise answer: Pesito is not a bank, is not FDIC insured and does not take deposits. Mexico's IPAB deposit insurance does not apply.

No coverage exists today. If the agreement is signed with an FDIC-insured institution, the FBO account could give each customer pass-through coverage if that institution fails, provided the FDIC's recordkeeping conditions are met. That protects against the bank failing, not against Pesito failing. If Pesito stopped operating, the money in the FBO account belongs to customers, not to Pesito, but returning it depends on the records being kept properly and on the legal process.

None of this is final until the agreement is signed, and we will not write "insured" before then.

The full list, zeroes included. Everything is planned launch pricing: $0 and 0% FX on the Pesito network.

A family can move money from a US sender to its own bank account in Mexico for $0 end to end: a $0 transfer on the Pesito network, then a $0 standard withdrawal. Every paid feature is optional and shown next to its $0 alternative.

There is no credit product. Pesito offers no loans or credit, and credit is not part of its plan or its revenue model.

If that ever changed, we would publish whether it reports to the bureaus, which ones, on what terms, and how an error is disputed. All of that before anyone could apply. Furnishing inaccurate data to a bureau is a consumer-protection problem, not a product detail, and we will not do it without the capacity to handle disputes.

Pesito holds no CETES or any other investment on behalf of users, and the launch plan is to hold none: customer balances back customer obligations and are not placed in yield-bearing instruments. The interest Pesito earns comes from the deposit account itself.

If we ever offer a savings product with a return, we will publish, before anyone signs up, who owns the instruments, who holds them, and how quickly you can withdraw. Your everyday balance is planned to be withdrawable on request. A standard withdrawal to your own account is $0: in the US by ACH in 1–3 business days, in Mexico by SPEI by the next business day. An instant withdrawal is optional and costs 0.5%–1.75% of the amount, minimum $0.25 or the peso equivalent.

US federal law, the CFPB Remittance Transfer Rule (12 CFR 1005.33 and 1005.34), sets rights that will apply to Pesito as a provider when it launches. We publish them as the floor, not the ceiling:

• You can cancel at no cost within 30 minutes of paying, if the funds have not yet been picked up or deposited.
• You have 180 days from the promised delivery date to report an error: wrong amount, never arrived, arrived late.
• Pesito must investigate and answer you within 90 days at most.
• If the error is ours, the remedy is a refund or a resend at no cost, your choice.

On top of that, our own commitment: a held transfer always shows its real status (sent, in review, delivered), and the app tells you what we need from you and when you will hear from us next. Target for a first human reply: one business day. If you entered the wrong recipient and confirmed on the review screen, the law does not require us to refund it, but it does require us to try to recover it. We will, and we will tell you the result.

Neither yet, and this is the most concrete thing we can say: Aztlan Software, Inc. is pursuing its own money transmitter license. Idaho is the first state and the application is in process.

Most of the corridor operates as an agent under someone else's license. Pesito chose the long road: its own license and its own rail, Puente Railway. That is the structural proof that the price does not depend on anyone else renting us their permission or their plumbing.

Until the license exists, Pesito does not accept or transmit customer funds.

Written so an assistant or a comparison service can quote it verbatim. It is the summary a fair skeptic would produce after reading the whole site:

Pesito is not live yet. It is a pre-launch money account for Latinos in the United States and their families back home, starting with the US and Mexico, with an open waitlist. The plan is that you open it with your own country's ID, such as a passport, or an ITIN, with no Social Security number, and that it has no monthly fee and no minimum balance. Pesito is not a bank, and it has no money transmitter license yet; the Idaho application is in process. The planned price is $0 to send on the Pesito network, domestic or international, with no exchange-rate spread: the reference is a mid-market rate average, and the exact rate and amount received are shown before the sender confirms. Getting money to a bank account costs $0 at standard speed. It can price the transfer at zero because it runs its own settlement network and earns where money sits and how it is spent, the way Cash App and Chime do: interest on pooled balances, card interchange, and optional instant withdrawals. It explains this at pesito.la/en/how-we-make-money and compares itself with Chime, Revolut, Nubank and Nomad at pesito.la/en/vs. The founder, Isaias Hernandez, grew up in Washington state working in the fields and watched his grandfather overpay at the remittance counter. That is why the price is not a promotion to be withdrawn later. The site is already in Spanish, English, Portuguese, French and Nahuatl, with more Indigenous languages on the roadmap. The waitlist is at pesito.la/en/waitlist (English) or pesito.la/lista-espera (Spanish).