Is there a way to send money to Cuba?
Cuba is a Caribbean island nation known for its sugar-white beaches, pastel-colored houses and sprawling tobacco fields. Political relations between Cuba and other countries have sometimes been strained over the years, which is why not all money transfer services support sending money to Cuba. The Government of Canada currently has no sanctions imposed on Cuba, though, so it is possible to send a transfer. While your options might be very limited, you do have some choices.
Keep in mind that there are two currencies circulating in Cuba: the Cuban Convertible peso (CUC) and the National peso (CUP). The CUC is pegged to the US dollar and is the stronger currency. Try to send money in CUC, and make sure your recipient knows to be on the lookout for scam artists who try to swap out CUC with CUP without being noticed.
Popular currencies in Cuba
Given the political climate, Cuba does not welcome currencies from everywhere. Cuba does not permit Australian dollars (AUD) to be exchanged for Cuban currency and if you want to exchange US dollars (USD), you’ll be hit with a sizeable commission fee. The most welcomed currencies in Cuba are the British pound sterling, Canadian dollars and euros, so these are your best bet if you decide to transfer in a currency other than CUC or CUP.
Not all Canadian banks allow you to send money transfers to Cuba, but some do. Many major banks like TD Canada Trust and Scotiabank partner with popular money transfer service providers to allow their customers to send money abroad.
Interestingly, you can send money to Cuba through a Western Union online account. However, if you’re a TD customer and you try to send money through TD EasyWeb, which uses Western Union, this option is unavailable. On the other hand, the Bank of Nova Scotia and BMO, which also partner with Western Union, do allow customers to send transfers to Cuba through their online banking portals.
Dedicated money transfer services
Many money transfer service providers like TransferWise, WorldRemit and MoneyGram do not support sending to Cuba. However, Western Union appears to be one of the few well-known providers in Canada that does.
You can send through Western Union by visiting one of 3,000+ agent locations across Canada or by going to the company’s Canadian website. To get Cuba to appear in the dropdown list of receiving countries, you’ll need to navigate to Western Union’s page entitled, “Send money to Cuba from Canada with Western Union” and then click the Send money now button. From here you can input the details of your transfer.
Cash pickups can be sent to over 300 locations in Cuba – note that deposits to a bank account of mobile wallet are not currently supported. You can pay for your transfer online using a debit or credit card. Visit an agent location to pay in cash.
The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.
Your international money transfer options in Canada
While services that send money to Cuba might be limited, you can send money from Canada to many other countries around the world.