Discover how to make international bank transfers to Cuba. Learn regarding the necessary data, associated fees and recommendations from the Central Bank of Cuba.
Making international bank transfers can be a complex process, especially when it comes to countries with specific financial regulations, as is the case with Cuba.
To make a successful bank transfer to the island, it is crucial to have accurate and detailed information on both the beneficiary in Cuba and the correspondent bank abroad.
The Central Bank of Cuba (BCC) provides essential guidance through communications that are usually accompanied by illustrative images to facilitate understanding of the process.
According to the BCC, for a family member or friend to send money to Cuba, they must make the transfer with accurate and complete information regarding the beneficiary on the island.
Data to make a bank transfer to Cuba:
- Beneficiary’s full name: It must exactly match the recipient’s personal identification, whether it is an identification card or passport.
- Personal identification number: Corresponds to the number of the identity card or passport.
- Complete residential address: Includes street or avenue, house or apartment number, between streets, sector or town, postal code, municipality and province.
- Telephone number: It is essential to locate the beneficiary if necessary.
- Bank SWIFT code: Unique identifier of the bank that facilitates international transfers.
- Bank branch code number: Specific to the place where you wish to receive the transfer.
- Legal address of the bank branch: Similar to the residential address, it must be detailed and precise.
- Bank account number: Although not required, it is recommended to provide it to speed up the process.
SWIFT CODE AND CORRESPONDENT BANKS
Swift Codes: BMNBCUHH (Banco Metropolitano); BPAHCUHXXX (BPA); BDCRCUHHXXX (BANDEC)
Bank transfer commission
Importantly, bank transfers are one of the most secure methods of sending money, although they can also be one of the most expensive due to the associated fees.
That is why the Central Bank of Cuba itself recommends options such as the sites Tocopay o vidaipay.
Through these platforms you can remit to Cuba from any country, with deposits in MLC Cards from BPA, BANDEC and Metropolitano banks.
According to official information, clients whose bank cards begin with:
- 9225 XXXX XXXX XXXX
- 9226 XXXX XXXX XXXX
- 9235 XXXX XXXX XXXX
- 9245 XXXX XXXX XXXX
- 9560 XXXX XXXX XXXX
In short, making bank transfers to Cuba requires a clear understanding of financial regulations and precise beneficiary details. Although it can be an expensive process due to the associated fees, there are alternatives recommended by the Central Bank of Cuba that can facilitate the process. Make sure you are well informed before doing so.
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