Want to send money to Cuba? Thinking about a wire to transfer the money to Cuba? Before you ask your bank to do it, make sure you check out the wire transfer fees. You may get a shock how much the fees will be and depending on the amount of the transfer, it might make more sense to send the money by other means.
What can make it more costly is in addition to your financial institution imposing a fee for sending the money to a bank in Cuba, the recipient receiving the funds will most likely be charged a fee at their end. A way to reduce the possibilty of the charge is to send the international wire transfer in the currency of their account.
To make a wire transfer to Cuba, you may need a SWIFT code. These are unique codes for each bank and based on things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Banco Central de Cuba