Transferring money to cuba

Alisonvs

Has anyone found a way of (the cheapest way) of sending money from a UK bank to a Cuban one? You can use debit cards at ATMs from a UK account or use your card at a bank but it's very expensive.

Kernow666

http://aisremesascuba.com/

Voyager2002

What for?

If you have a debit card on the right kind of UK bank account (eg N and P) then the cost is minimal.

jonesMUFCforever

At present you won't be able to send money to Cuba - its on the list of countries UK banks don't do business with.
This might change shortly because of the start of diplomatic relations with the United States.

stoneman

I needed to send some money to my brother in the U.S. so looked through MSE and used currency direct through a link on here so there was no fee, the exchange rate was as good as one of the top ones as well.
When signing you up they do a few basic security checks on you and the person you are sending the money to.
You load your account with money from your bank then send it in the currency of the receiving country. My buy and transfer reached my brother in 2 days.

Kernow666

guessing its a one post wonder

Voyager2002

stoneman wrote: »

I needed to send some money to my brother in the U.S. so looked through MSE and used currency direct through a link on here so there was no fee, the exchange rate was as good as one of the top ones as well.
When signing you up they do a few basic security checks on you and the person you are sending the money to.
You load your account with money from your bank then send it in the currency of the receiving country. My buy and transfer reached my brother in 2 days.

The USA and Cuba are totally different...

Voyager2002

jonesMUFCforever wrote: »

At present you won't be able to send money to Cuba - its on the list of countries UK banks don't do business with.
This might change shortly because of the start of diplomatic relations with the United States.

Not true: there are several ways to send money there, but none of them are cheap. Alternatively you can send a debit card to a friend there: my UK visa and master cards work there, and are subject to the same 3% fee as exchanging cash (although when you exchange cash this is hidden in the exchange rate).

jonesMUFCforever

Voyager2002 wrote: »

Not true: there are several ways to send money there, but none of them are cheap. Alternatively you can send a debit card to a friend there: my UK visa and master cards work there, and are subject to the same 3% fee as exchanging cash (although when you exchange cash this is hidden in the exchange rate).

Try sending money from a UK bank to Cuba.

I did not say your VISA/Mastercard would not work once there - until recently though anything to do with AMEX or any American bank was a no no there.

Ballard

jonesMUFCforever wrote: »

Try sending money from a UK bank to Cuba.

I did not say your VISA/Mastercard would not work once there - until recently though anything to do with AMEX or any American bank was a no no there.

I have in the course of my work sent very large amounts of EUR to Cuba through NatWest so I know that it is possible.

stoneman

Voyager2002 wrote: »

The USA and Cuba are totally different...

Hmmm, I kinda know that!
Was just offering the OP a possible way of doing it.

My mum always used to say if you haven't anything constructive to say, keep your mouth zipped