If you live in most countries, sending money to Cuba is no different than any other international money transfer. This isn't the case in the US, however. Although the Obama administration eased restrictions on travel and money transfers to Cuba, the Trump administration rolled those changes back and added even more restrictions in October of 2020. As long as those restrictions are in effect, it can be very difficult to send money directly from the US to Cuba—but it's not impossible! Apart from sending money, there are other restrictions on how much money you can send and who you can send it to. [1] X Research source Below, we've provided answers to your most common questions about how to send money to Cuba.
Steps
Expert Q&A
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QuestionCan I send money to Cuba for a U.S. citizen who is visiting there?Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.Yes, you can send money to Cuba to a U.S. citizen visiting Cuba. You can use any of the transfer methods mentioned in the article. There is no limit on the funds you can transfer subject to US reporting laws.
Tips
Warnings
- The US government prohibits US residents and organizations from engaging in direct financial transactions with entities that have ties to the Cuban military, intelligence, or security services. You can review the most recently updated list of these restricted entities at https://www.state.gov/cuba-restricted-list/list-of-restricted-entities-and-subentities-associated-with-cuba-effective-january-8-2021/ .Thanks
References
- ↑ https://fas.org/sgp/crs/row/RL31139.pdf
- ↑ https://www.paypal.com/us/webapps/mpp/country-worldwide
- ↑ https://fas.org/sgp/crs/row/RL31139.pdf
- ↑ https://www.westernunion.com/blog/sending-money-to-cuba-from-the-united-states/
- ↑ https://www.federalregister.gov/documents/2009/09/08/E9-21440/cuban-assets-control-regulations
- ↑ https://www.enviodinero.ca/enviodinero/Faq
- ↑ https://www.enviodinero.ca/enviodinero/Faq
- ↑ https://www.enviodinero.ca/enviodinero/Faq
- ↑ https://www.dw.com/en/cubas-digital-startups-sidestep-us-remittances-blockade/a-55793931