Many people need to send money to Cuba since they may have relatives or friends there. A great influx of immigrants from the island to the United States has meant a growth in the Cuban population. With this growth has grown the need for the ability to send money back home. However, the United States does still have many regulations that affect remittance to Cuba.

Cuba Money

The rules placed on sending money to Cuba are law for all people living in the United States. This includes US Citizens and resident aliens.

One sanction on Cuba from the United States makes it so that certain government officials and nationals cannot receive money from the United States. These 'Cuba money' sanctions are an effort to keep US money from funding dangerous operations.

There are different regulations for various types of Cuba money transfers from the United States. The first is called family remittance. This means that a person over the age of eighteen can send money to any proven immediate family member who resides in Cuba. However, there is on how much they can send. Family remittance cannot go over three hundred dollars per three months. However, the aforementioned rule about government officials in Cuba will negate the family remittance rule.

An emigration remittance allows a person in the United States to send a one-time payment to a person in Cuba for up to one thousand dollars for the specific use to emigrate from the island. However, this one thousand dollar remittance has to be broken into two payments.

In addition to these regulations, a person who chooses to send money to Cuba and qualifies will have to understand that certain fees and tariffs will be levied, leading to extra costs. These costs will include the United States Tariff, an eight percent processing fee, and the fees from the sending agency.