How the money is received in Cuba?

1. Deposits into AIS Card.
The funds sent from our site will be deposited into an AIS debit card, which can be used to withdraw cash at ATMs or to pay in stores throughout Cuba. The first time a remittance is sent to a beneficiary, a new card must be created, which will be available for pickup at a local office in the beneficiary’s province. After the card is created and picked up, all future remittances will be deposited into the card. Funds can also be deposited into pre-existing AIS cards obtained through other agencies.
Funds will be deposited within 24 hours for this service.

We have 2 types of AIS cards available:                                                                                                                                        

AIS-CUC: With this card you can pay in all the shops that have POS-CUC available.

The currency of the transfer is converted into CUC and deposited in CUC in the beneficiary's account.

The money available to withdraw at ATMs is exclusively in CUC.

AIS-MLC: With this card you can pay in all the shops that have POS-CUC and POS-MLC available, including specialized electro domestics, food and other recently created stores.

The transfer currency is converted into MLC (convertible currency), the exchange rate used is EURO-CUC.

The money available to withdraw at ATMs is exclusively in CUC



2. Direct Deposits into Savings Accounts at Banco Metropolitano S.A.
Remittances can be paid in CUC or in Cuban pesos (CUP) according to the current exchange rate (1CUC=24 CUP).
EnvioDinero.com through FINCIMEX and other commercial banks will validate the remittances destined for bank accounts, verifying the existence of the bank account and the account holder. Once the verification is complete and the funds have been deposited into the beneficiaries’ bank account, these funds will no longer be able to be refunded. 
The funds will be deposited within 24 Hours with this service.

3. Remittances to be picked up in cash by the beneficiary within branches of Banco Metropolitano S.A 
Remittances can be paid in CUC or in Cuban pesos (CUP) according to the current exchange rate (1CUC=24 CUP).
EnvioDinero.com through FINCIMEX and other commercial banks will validate the remittances destined for cash pickup, verifying the beneficiary’s identify to ensure there is a positive match with ID presented (carnet de identidad) and the ID information provided by the remitter. Once the funds have been picked up by the beneficiary, these funds will no longer be able to be refunded. 
Funds will be deposited within 3 working hours for this service