How to Send Money to Cuba from the USA – cheap and fast (2022)
Sending money from the United States to Cuba is quite complicated. Bank transfers between these two countries do not work. American banks are not allowed to transfer money to Cuban banks due to Cuba sanctions. But don't worry, there are some ways to get money to your loved ones. The recently established Canadian service REVOLUSEND is our new favorite. REVOLUSEND is the best choice because it is the cheapest service available, with a fee of about 6% of the funds. The money arrives in Cuba in less than 10 business days. Learn everything you need to know about this new service. Find out what you and the recipient in Cuba need in order to transfer money from the United States to Cuba using REVOLUSEND.
If one plans to send money from the USA to Cuba, you should first be clear about the following baseline information:
Who can I send money to in Cuba?
Not to everybody! From the United States, transfers are limited to close relatives. This includes only family members within three generations or fewer. Therefore, you are only allowed to send funds to persons that are related by blood, marriage and adoption, such as Parents & Grandparents, Aunts & uncles, Siblings, Nieces & nephews, Cousins, Spouses, Children, Stepchildren, Grandchildren.
But note: The US Department of Treasury prohibits sending remittances to family members, that area affiliated to the Cuban Communist Party or Military.
How much money can be sent, is there a limit?
Yes, there is a limit! From the U.S. one can only send a maximum of $1000 withing a period of 90 days, what implies a yearly limit of $4000.
What they receiver in Cuba needs
The person you want to transfer the money will need an AIS USD Card: This means the green card, that operate in USD. There are also Peso cards, but due to the excessive discrepancy between the official and unofficial exchange rate, sending money to Pesos cards makes no sense at all. Be aware: If you send money to Peso Cards, you'll lose 75% in purchasing power.
Sending money with REVOLUSEND
You can send money to MLC cards belonging to three different Cuban banks:
- Banco popular de Ahorro
- Banco de Crédito y Comercio
- Banco Metropolitano S.A.
Hence, one can only transfer money to an MLC Bank account, you'll need the account number of the receiver. The number starts with 05, 06, or 12 and has in total 16 digits.
Which currencies can be sent with REVOLUSEND?
With REVOLUSEND one can transfer remittances in the following currencies:
- US-Dollar (USD)
- Canadian Dollar (CAD)
- Euro (EUR)
- British Pound Sterling (GBP)
Are there restrictions with REVOLUSEND?
Yes. There is a minimum and maximum amount: The minimum amount of a single transaction is 50 Euro, and there is also a maximum amount of 290 Euro.
How much transfers with REVOLUSEND cost?
The fees depend on the amount you send. The minimum fee will be 7.00 Euro. If one want to send the maximum amount of 290 Euro, you'll have to pay 15.00 Euro. Therefore, one can say, that the few is roughly 6 % of the amount.