Cuba Allows Foreigners to Open Bank Accounts

The accounts can be held in ten designated foreign currencies at three designated banks.

RIO DE JANEIRO, BRAZIL - Cuba's central bank now extends the use of currency accounts to foreigners. The regulation applies to individuals with temporary residence permits, such as foreign students, professionals, entrepreneurs and other groups, although this is not possible with a tourist visa.

The accounts can be held in Euros, US dollars, Swiss francs, Mexican pesos and six other foreign currencies, and are linked with a debit card. Accounts can be opened at Banco Metropolitano Bank (Havana only), Banco Popular de Ahorro or Banco Crédito y Comercio.

Debit cards can be used not only in the over 80 . . .

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