The service is limited to consumer transfers, with a maximum remittance of $2,000 per transaction.
The service is available to recipients with Carnet de Identidad IDs and bank accounts at designated banks.
Cuba
Western Union, in collaboration with its processing partner
Orbit S.A., has announced the reinstatement of its service from the United
States to Cuba, effective immediately.
This decision allows Western Union customers to send money
from any US retail location, WesternUnion.com, or the Western mobile app to
close family members in Cuba who hold bank and debit card accounts at select
Cuban banks, namely Banco Popular de Ahorro, Banco Metropolitano S.A., and
Banco de Credito y Comercio (Bandec).
Announcing Service Reinstatement to Cuban Banks
Rodrigo Garcia Estebarena, President, Western Union North America and LACA, Source: LinkedIn
Under the resumed service, funds can only be received into
bank accounts and debit cards, with service limited to consumer money
transfers. US customers are permitted to remit up to USD 2,000.00 per
transaction upon presentation of valid government-issued identification. Money
transfers are available for receipt on the same day, including weekends and
holidays.
“We understand our service is a crucial connection between
those living in the U.S. and their family living in Cuba,” said Rodrigo Garcia
Estebarena, President, Western Union North America and LACA. “We are
pleased to resume service to this vital corridor and provide essential money
transfer services to those living on the island."
The service is exclusively available to recipients with
Carnet de Identidad IDs and bank and/or debit card accounts at the
aforementioned Cuban banks. Deposits to Freely Convertible Currency (MLC)
accounts are provided in US dollars exclusively.
⚠️ WESTERN UNION RESUMES REMITTANCE SERVICE TO CUBA AFTER 3-MONTH OUTAGE
Western Union confirmed on Thursday it had resumed its remittance service from the U.S. to Cuba after the system collapsed more than three months earlier, restoring a… pic.twitter.com/fFfmbZHnru
The companies plan to issue Western Union and Visa Debit Cards in
North America, Asia Pacific, Latin America, and Europe. Under the 7-year
agreement, they aim to improve customer experiences by integrating Western
Union with Visa Direct and issuing Visa prepaid cards in select markets.
Western Union, in collaboration with its processing partner
Orbit S.A., has announced the reinstatement of its service from the United
States to Cuba, effective immediately.
This decision allows Western Union customers to send money
from any US retail location, WesternUnion.com, or the Western mobile app to
close family members in Cuba who hold bank and debit card accounts at select
Cuban banks, namely Banco Popular de Ahorro, Banco Metropolitano S.A., and
Banco de Credito y Comercio (Bandec).
Announcing Service Reinstatement to Cuban Banks
Rodrigo Garcia Estebarena, President, Western Union North America and LACA, Source: LinkedIn
Under the resumed service, funds can only be received into
bank accounts and debit cards, with service limited to consumer money
transfers. US customers are permitted to remit up to USD 2,000.00 per
transaction upon presentation of valid government-issued identification. Money
transfers are available for receipt on the same day, including weekends and
holidays.
“We understand our service is a crucial connection between
those living in the U.S. and their family living in Cuba,” said Rodrigo Garcia
Estebarena, President, Western Union North America and LACA. “We are
pleased to resume service to this vital corridor and provide essential money
transfer services to those living on the island."
The service is exclusively available to recipients with
Carnet de Identidad IDs and bank and/or debit card accounts at the
aforementioned Cuban banks. Deposits to Freely Convertible Currency (MLC)
accounts are provided in US dollars exclusively.
⚠️ WESTERN UNION RESUMES REMITTANCE SERVICE TO CUBA AFTER 3-MONTH OUTAGE
Western Union confirmed on Thursday it had resumed its remittance service from the U.S. to Cuba after the system collapsed more than three months earlier, restoring a… pic.twitter.com/fFfmbZHnru
The companies plan to issue Western Union and Visa Debit Cards in
North America, Asia Pacific, Latin America, and Europe. Under the 7-year
agreement, they aim to improve customer experiences by integrating Western
Union with Visa Direct and issuing Visa prepaid cards in select markets.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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