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Cuban Bank Facilitates Opening of Accounts
Monday, June 1, 2020



Havana.- The Cuban financial system authorized natural persons who do not reside in the country to create bank accounts in freely convertible currencies and associated to a magnetic card.

This tool can be used for retail sales in foreign currency and the import of products through companies authorized by the Ministry of Foreign Trade and Foreign Investment.

In addition, the bank accounts in US dollars held by individuals are funded by bank transfers from abroad in any freely convertible currency, as well as from bank transfers from other accounts in freely convertible currency that operate in Cuban banks.

Other deposits can be made in cash in US dollars, euros, British pounds, Canadian dollars, Swiss francs, Mexican pesos, Danish kroner, Norwegian kroner, Swedish kroner and Japanese yen.



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